Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called
Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.
Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.
Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.
Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
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capital is the amount of money paid into a company by its owners.
The statement that the money paid into a company by its owners is called capital is True.
Capital is:
Contribution made to the company by its owners Can be cash or some sort of assetThe capital paid into the company represents an ownership stake of the person who paid it in which is why it is referred to as money put in by owners. Shares are a type of capital.
In conclusion, this is a true statement.
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Q, whose birthday is April 1, completed a nonmedical application for life insurance on June 1. In Wisconsin, what is the earliest effective date that the policy could have
Answer:
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Explanation:
_____ occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.
The Economies of scale occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.
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A decrease in accounts receivable will result in a(n) ___ in cash from sales revenue when using the direct method to determine cash flows from operations.
When using the direct method to determine the cashflows from operations, a decrease in accounts receivable is an increase in cash.
When there is a decrease in accounts receivable:
It means that the accounts receivable has paid some of their debt It increases cash as a result of the payment of debtUsing the direct method, one will show that a decrease in accounts receivable leads to an increase in cash because the receivable would be reduced by a cash inflow.
In conclusion, a decrease in accounts receivable is an increase in cash.
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If the price that a firm charges is lower than its_____________of production, the firm will suffer losses.
When a firm charges a price for its goods and services, if this price is less than the cost of production, they will suffer losses.
The profit that a company makes is calculated as:
= Selling price - Cost of production
If the selling price is less than the cost of production, the profit will be negative. A negative profit is the same as losses. This means that if a company charges lower than this cost of production, they will incur losses.
In conclusion, companies charge above their cost of production so as not to incur losses.
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Complete the statement below with the correct term.
Digital ____ refers to a set of standards for polite behavior when interacting with people online.
Answer:
a0
Explanation:
a0 allows for a user to find, search, and to evaluate information that is related to any digital resources
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________ is largest employer in the country and the largest purchaser of goods and services in the world.
The largest employer in the country which can also be regarded as largest purchaser of goods as well as services is U.S. federal government.
U.S. federal government can be regarded as national government of the United States, which is composed of self-governing territories as well as several island.She serve as one of the major force in the world market, and that is why many countries relied on their exports.Therefore, U.S. federal government is right.
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________ is a set of interdependent organizations that help make a product or service of a company available for use by consumers or business users.
a monopolistically competitive market is characterized by
Typically, the monopolistically competitive market have the attributes of having many firms, differentiated products and free entry/exit.
A monopolistic competition occurs when competitive firms produces or manufactures products or services that are similar and substitutes.
The characteristics of the monopolistically competitive market includes:
There are presence of many sellers in the marketThere is easy entrance and exit of consumers in the market There are differentiated products in the marketIn conclusion, the monopolistically competitive market is characterized by having many firms, differentiated products and free entry/exit.
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selim believes that his hard work will lead to a better job performance. selim is independently motivated so he does not need to be closely supervised in order to complete his job. selim demonstrates an internal locus of control.
Truly, Selim has an internal locus of control instead of an external locus of control because he believes that the better job performance he achieves is due to his hard work, and not due to supervision.
Selim, with this internal locus of control, makes things happen without being closely supervised or monitored. Selim enjoys independent motivation. He does not depend on external factors to achieve great results.
Thus, Selim has an internal locus of control.
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What changes has sue made so far? Check all that apply.
Answer:
She added a title for the x-axis.
She changed the x-axis column labels.
She changed the color of the chart style.
Explanation:
Answer:
Uhhhhh
Explanation:
Step 1 of 12 In this lesson you will shop to find the best car that you can afford and figure out whether leasing or an outright purchase is more economical. You have an apartment and a job that provides a steady income. Click Reports>>Bank Statements and write down the ending balance of your most recent bank statement. Click the X button to close the bank statements window. What is your ending balance
To know if it is better to rent a car or buy it according to a person's income, it is necessary to evaluate different factors.
The first factor that a person must take into account to compare whether it is better to buy a car or rent it is the income that he receives each month. For example:
If a person receives $ 800 a month, his income is low, making it impossible for him to buy or rent a car for a long time.On the other hand, if a person receives $ 4,000 a month, he has the facility to buy or rent a car according to her/his preference. Some people prefer to rent a car because they do not have to spend money on repairs and other expenses, while other people prefer to buy it to have it for a long time and have it available all the time.This situation varies according to other factors such as the purchase value of the car, the monthly rental value, the value of the repairs, the value of the fuel, among others.
Note: This question is incomplete because it does not have the complete information.
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When different sequences of operations are required for creating small batches of different products, the type of design or layout used is the a. process layout. b. product layout. c. quota layout. d. output layout. e. product design.
When different series of operations are required in creating small batches of different products, the type of design or layout comes under product design. Thus, option D is correct.
What is the product?A product or a service that can be sold in the open market and for that product, a price is offered, or sometimes it can be in the form of a barter system.
A product design means that the product that is made in the company is made and has a process for the same. the design can be small changes in the packaging, manufacturing, or the looks of the product.
All the changes made in the product that needs to be changed are often done into small offers, often they are for a promotional purpose like get 12% extra or get free stuff. So all these changes in operation are done in product design. Therefore, option D is the correct option.
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Acme Partnership reported the following items of income and expense: Sales $200,000 Cost of goods sold 115,000 Interest expense on bank line of credit 13,000 Charitable contributions 2,000 Administrative expenses 50,000 Long-term capital gain 10,000 What amount should be reported as ordinary income
The amount that ACME Partnership should report as ordinary income is $83,000.
Data and Calculations:
Sales Revenue = $200,000
Cost of goods sold = 115,000
Gross profit = $85,000
Administrative expenses 2,000
Operating income = $83,000
Interest expense 13,000
Taxable income $70,000
Charitable contributions 2,000
Long-term capital gain 10,000
The operating income is the ordinary income before determining the eligibility of the charitable deductions and the long-term capital gain.
Thus, the ordinary income of ACME Partnership is $83,000.
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Lower price for substitute products/services will
A. Increase Demand
B. Supply/Demand Equilibrium
C. Decrease Demand
Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,500 of its accounts receivable from Leer Company. March 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt.
Required:
Prepare journal entries to record the above transactions.
Answer:
Check pic* it’s not an answer but it is a reference
Explanation:
2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet
The amount of total current liabilities reported on the balance sheet equals $469,500.
Current liabilities entails set of amount or responsibility owed within an accounting period.
Particulars Amount
Accounts payable $150,000
Notes payable (current portion) $217,000
Salaries and wage payable $55,000
Interest payable $32,000
Payroll taxes payable $15,500
Total current liabilities $469,500
Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.
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when the company decided to integrate all its information systems in a single enterprise-wide software system, the ceo authorized the creation of , which would consist of people chosen from different departments and operate as a separate entity outside the organizational chart, to get the job done.
When a company decides to integrate all its information systems in a single enterprise-wide software system, this can be done using:
Cloud computingAccording to the given question, we are asked what would be used by a company when they want to integrate all its information systems in a single enterprise-wide software system,
As a result of this, we can see that cloud computing has to do with the use of different resource tools to provide different services to clients online.
Some of these services includes:
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Needs for operating funds include ______. (Select all that apply) Multiple select question. controlling credit operations increases in stock price acquiring needed inventory making capital expenditures
Operational fund needs are simply known to be the amount one needs to keep current asset investments afloat. Needs for operating funds includes;
Making capital expendituresAcquiring needed inventoryControlling credit operationsCompanies often create their production cycle using control criterion that is affected by inventories, customer loans and basic cash needs.
Operating funds is used by firms to finance their purchasing program. The Key components to financial sustainability are;
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the new slide command on the ribbon lets you choose ________.
The New Slide command on the Ribbon lets you choose slide layouts.
Microsoft PowerPoint is a presentation program. Microsoft PowerPoint is used to create visual presentations of information using slides.
The menu Ribbon is used to accomplish several tasks in PowerPoint. It can be used to create a new slide, insert a picture or change the orientation of slides.
The New Slide command on the Ribbon lets you choose slide layouts.
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A limited resource of some type that restricts the company's ability to satisfy demand is a(n) ______.
Answer:
constraint
Explanation:
......................
Answer:
constraint
Explanation:
when a limited resource of some type restricts the company's ability to satisfy demand. The correct measure to look at when handling a constraint.
A printer will produce 80 wedding invitations for $210. The price to produce 120 invitations is $290. The printer uses a linear function to determine the price for producing different amounts of invitations. How much will the printer charge to produce 60 invitations? $120. 00 $145. 00 $157. 50 $170. 0.
Answer:
120.00
Explanation:
On October 1, X-it Company bought a new delivery truck for $30,000. X-it plans to use the truck for 4 years, after which it will be sold for $6,000. What is depreciation expense for the year ended December 31 that year using double-declining-balance
Answer:
$3,750
Explanation:
The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:
$3,750 = ($30,000 x 2/4 x 3/12)
Why might an employee complain to their employer?
An objective of the expense recognition (matching) principle is to have bad debt expense debited in ______.
Answer:
An objective of the expense recognition (matching) principle is to have bad debt expense debited in ,Nation matching,
.What can U.S. multinational firms do to regain and maintain their leadership in global branding?
Answer: Steps that United States firms have taken to regain a competitive edge in the global marketplace include pursuing an increase in productivity, embracing innovation and new ideas, having highly skilled individuals, and reshoring.
Explanation:
U.S. multinational firms can bring improvement in their process as well as the quality they offered in order to regain their leadership in global branding.
What is Leadership?Leadership is referred as the art of directing and influencing people or groups of people in an organization with pleasing efforts to gain their support and help them to grow by providing better direction.
To regain the market share as well as to achieve leadership in global branding they have to bring innovation to the customers by offering quality and quantity in their offered products and services.
Their focus is to regain the trust of customers so they should focus on satisfying them with maximum services at a minimum cost by increasing their experience with the goods and services of your organization.
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According to Keynesian economics, what impact would a balanced budget amendment to our constitution have on our national economy
Answer:
By requiring a balanced budget every year, no matter the state of the economy, such an amendment would raise serious risks of tipping weak economies into recession and making recessions longer and deeper, causing very large job losses.
Explanation:
In order to lower his monthly auto insurance bill, Henry has decided to change his existing policy by increasing the deductible for both collision and comprehensive insurance to the highest amount permitted by his insurance company, AA Auto Insurance. His current monthly auto insurance bill, which includes a $250. 00 deductible for collision and a $50. 00 deductible for comprehensive, is $43. 79. How will Henry's monthly auto insurance bill be affected by the change? AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily Injury $25/$50,000 $22. 50 $50/100,000 $31. 75 $100/300,000 $40. 25 Property Damage $25,000 $120. 50 $50,000 $144. 75 $100,000 $193. 00 Collision $100 deductible $520. 00 $250 deductible $415. 25 $500 deductible $275. 75 Comprehensive $50 deductible $110. 25 $100 deductible $100. 00 a. $12. 48 b. $31. 31 c. $149. 75 d. $275. 75 Please select the best answer from the choices provided A B C D.
Answer:
12.48
Explanation:
The Amount of Henry's monthly auto insurance that is going to be affected by the change here is $12. 48
How to solve for the effect on the monthly insuranceThe amount for deductibe cohesion = $50.00
The amount for deductibe comprehensive = 43.79
50.0-43.79 = 6.24
The difference that is calculated here has been said to go by two instances. Therefore you have to multiply by 2
6.24 x 2 = 12.48
Therefore the amount of the auto insurance bill is $12.48
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Gossip and rumor in an organization are part of the ________, which itself is a type of ________ communication channel. Multiple Choice organizational chart; informal grapevine; informal grapevine; external organizational chart; external
Gossip and rumor in an organization are part of the Grapevine, a type of Informal communication channel.
This is because a Grapevine is a form of an informal communication channel in a business organization. In this way, the information can be diffused from any level, either from bottom to top or top to bottom.
The information passed is usually in the form of gossip and rumor. It does not have official backing or formal approaches such as through emails of the business firm or signed and stamped letters.
Hence, in this case, it is concluded that the correct answer is Grapevine; and informal.
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