An important aspect of inventory management is that items held in inventory are not of equal importance in terms of dollars invested, profit potential, sales or usage volume, or stockout penalties.
Out-of-stock occurs when we run out of stock of a particular item. Out-of-stocks can occur anywhere in the supply chain, but they have the greatest impact on retail shelves and profits when they occur when customers are about to buy.
Inventory Percentage is the percentage of items that are not available when needed for sale. It is calculated by dividing the number of items that are not in stock by the total number of items that are in stock. Average inventory levels are around 8% and increase when products go on sale. A high out-of-stock rate can lead to a significant loss of sales.
Stockouts often occur due to delivery bottlenecks and poor inventory management. Another out-of-stock scenario occurs when a retailer has a product in stock in its warehouse but is unable to purchase the item when a customer requests it.
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a purely competitive firm finds that the market price for its product is $20. it has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all successive units. does price exceed average variable cost for the first 50 units? for the first 100 units? what is the marginal cost per unit for the first 50 units? the marginal cost for units 51 and higher? for each of the first 50 units, does mr exceed mc? is mr > mc for units 51 and higher? what output level will yield the largest possible profit for this purely competitive firm?
1. Yes, the price exceed average variable cost (AVC) for the first 50 units.
2. Yes, the price exceed AVC for the first 100 units.
3. Marginal Cost (MC) is $10 for the first 50 units.
4. MC is $25 per unit for subsequent units.
5. Yes, MR exceeds MC for each of the first 50 units.
6. MR is less than MC for units 51 and higher
7. The firm will produce 50 units to maximize profits.
1. Yes, the price exceed average variable cost (AVC) for the first 50 units. The price of $20 exceeds AVC for the first 50 units because AVC for the first 50 units is ($10 per unit x 50 units)/50 units
2. Yes, the price exceed AVC for the first 100 units.
The AVC for the first 100 units is $17.50 per unit: [($10 per unit x 50 units) ÷ $25 per unit x 50 units)/100].
3. Marginal Cost (MC) is $10 for the first 50 units.
4. MC is $25 per unit for subsequent units.
5. Yes, MR exceeds MC for each of the first 50 units.
since $20 > $10
6. MR is less than MC for units 51 and higher
Since $20 < $25
7. The firm will produce 50 units to maximize profits.
This is because the Marginal Cost (MC) of the 51st unit exceeds Marginal Revenue (MR) and profit maximization is where MR=MC
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Rhiannon is an inside sales representative at a natural cosmetics company. She recently sold a new primer the company released to many clients. However, the pump on the primer bottle does not work properly. Investigation shows the error stems from the manufacturer of the pump. Rhiannon’s sales manager had pressured rhiannon to sell this new product, and now rhiannon is worried that this is not an isolated incident. In this case, there could be a major recall, and the firm’s ceo would have to get involved. If a client is highly dissatisfied and wants to express discontent, who are they most likely to contact first?.
If a client is highly dissatisfied and wants to express discontent, Rhiannon's sales manager is the most likely to contact first.
Control consists of the sports of placing the approach of an organization and coordinating the efforts of its personnel (or of volunteers) to perform its goals through the software of to-be-had sources, along with financial, herbal, technological, and human assets. "Run the business"[1] and "trade the business" are concepts that are utilized in control to differentiate among the continuing transport of goods or services and adapting of products or services to fulfill the changing desires of clients - see trend. The term "management" can also consult with the ones people who manipulate an enterprise—managers.
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as a project manager, you are about to hire a new vendor; however, there are terms in the contract you are unfamiliar with. who should you contact to better understand the contract?
Should contact to better understand the contract a member of the legal team
What is a new vendor?A vendor who is not an Approved Vendor or a Vendor of Record and does not appear in the procurement system database is referred to as a New Vendor.Anyone who buys and sells goods or services is referred to as a vendor in general. A vendor buys goods and services to resell them to another business or person. The products that large retailers like Target purchase at wholesale costs and resell at higher retail prices are supplied by a variety of different vendors.A vendor is a person or business that makes a profit by selling goods or services. They can conduct their company either business-to-business (B2B) or business-to-consumer (B2C). B2B vendors are frequently referred to as suppliers.
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total revenue is question 4 options: a) the price of a good divided by the amount of the good sold. b) the price of a good times the quantity of the good that is sold. c) the price effect times the quantity effect. d) total sales less total cost.
c) the price effect times the quantity effect is total revenue.
What happens when prices go up to the total revenue?As a result, raising prices will result in higher overall revenue while lowering prices will result in lower overall income. Demand is said to be unit elastic when the percentage change in quantity sought is equal to the percentage change in price.
When prices go up and demand is elastic, what happens to overall revenue?If demand is elastic, a price rise will result in a decrease in overall revenue. Demand decreases significantly as a result of price rises. The overall revenue then begins to fluctuate in opposite directions. As a result, when the price of any commodity increases, total income decreases.
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people who pursue careers in management can expect their jobs to include the planning, controlling, leading, and organizing of organizational resources. by definition, the types of resources managers manage include resources.
People who pursue careers in management can expect their jobs to include the planning, controlling, leading, and organizing of organizational resources. by definition, the types of resources managers manage include resources human, physical, information, and financial.
Useful resource refers to all of the materials available in our surroundings which can be technologically reachable, economically viable and culturally sustainable and help us to meet our want and desires.
Assets are whatever that has utility and provides price for your life. Air, water, food, vegetation, animals, minerals, metals, and the entirety else that exists in nature and has application to mankind is a 'aid'.
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What is the relationship between the data life cycle and the data analysis process.
Data transformation and verification are topics covered by the data life cycle; data analysis uses the knowledge discovered by the data.
The comparisons between the data life cycle and data analysis are shown in the list below: They both have a passion for data analysis. Both approaches are employed in data science. Both seek to draw inferences from the available facts. The stages that data goes through during its useful life are covered by the data life cycle; data analysis is the process of evaluating data.
The data life cycle is the process by which a particular piece of data travels from being created or recorded to being archived and/or removed at the end of its useful life. Data management experts often regard six or more stages as being a component of the data life cycle, however, specifics can vary.
Data analysis is the act of analyzing, filtering, modifying, and modeling data in order to identify pertinent information, come to conclusions, and support decision-making.
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True/False: Companies with multiple products or businesses typically choose one marketing strategy for all their different businesses or products.
Companies with multiple products or businesses typically choose one marketing strategy for all their different businesses or products. This statement is false.
A product is any object or provider you promote to serve a customer's want or want. They may be bodily or virtual. Physical merchandise includes long-lasting items (like cars, furniture, and computers) and nondurable items (like meals and beverages). Common Products method Hazardous Substances commonly utilized in, and in portions essential for the everyday operation of, the Company Facilities, and that are normally utilized in different comparable facilities, inclusive of however now no longer confined to cleansing fluids, pesticides, and medicines.
primary merchandise method merchandise meant for export after processing into processed merchandise or into items; items meant for export after processing shall additionally appear as primary merchandise,
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The american public grew increasingly aware of the political influence of corporations as?.
Political cartoonists' depictions of the issue raised the American public's awareness of corporations political influence.
An organization that is authorized by the state to act as a single entity and is recognized as such in law for specific purposes is known as a corporation. This organization is typically a company or group of people. Early corporations had charters that set them up. In most jurisdictions today, new corporations can be formed through registration. The limited personal liability, simple ownership transfers, business continuity, improved access to capital, and (depending on the corporation structure) sporadic tax benefits are just a few benefits of becoming a corporation. Like all commercial entities, the corporation's main goal is to make money. Corporations contribute to the advancement of society at large by generating profits for their shareholders. A corporation's actual owners are its shareholders, and its board of directors is in charge of overall management.
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a fixed asset has a useful life of 5 years is purchased on the first of january of a certain. the purchasing price of the asset is $3,000, and its residual value is expected to be $750. based on this information, the depreciation for year 2 will be equal to:
Divide the asset's cost by its salvage value, then multiply the result by the asset's usable life.$2,100
Find the solution ?Say a business invested $50,000 in equipment that will be used for a long time in its operations.It projects that the item will have a salvage value of $2,000 and a usable life of 15 years.The annual depreciation cost would be $3,200. Assuming a straight line method of depreciation in which the depreciation is the same for each year, the annual depreciation can be calculated as follows:Annual depreciation = .$2,100
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The pure monopoly extracts all surplus from consumers, yielding higher profits than any other pricing method when it employs which of the following?
A. Perfect price discrimination
B. Perfectly competitive pricing
C. Personal pricing
D. Open Tier Price discrimination
E.First degree Price discrimination
The pure monopoly extracts all surplus from consumers, yielding higher profits than any other pricing method when it employs E) First degree Price discrimination.
Explanation: First Degree Price Discrimination means in a monopoly, the monopolist charges different prices according to the different willingness of the consumers. Suppose, a person has the willingness of Rs. 10, the monopolist is going to charge him with entire Rs. 10 which is his highest willingness to pay for the good and the entire consumer surplus is going to be with him and there will be consumer surplus that will be equal to zero. Also, in this case, total surplus will be producer's surplus. Similarly, if another person has the willingness to pay Rs. 9, the monopolist is going to charge him the entire Rs. 9 and his willingness to pay is exhausted.
Again producer's surplus is going to be Rs. 9 and consumer's surplus will be zero. So eventually, when he reaches the marginal customer, his willingness will also reduce to marginal willingness to pay. So in this way, the monopolist extracts entire consumer surplus and will get great amount of producer's surplus, which will yield him higher profits than any other method.
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you are using jensen's alpha to analyze the performance of two small-cap funds and will select one of those funds for the client to purchase. during the performance period being measured, the market returned 12.8% and treasury bills returned 4.2%. the two funds had the following performance: fund standard deviation beta return 1 21.2% 1.19 18.1% 2 23.8% 1.07 17.5% which fund would you select, and why? a) fund 2, because its alpha (0.124) is lower than fund 1's alpha (0.117) b) fund 2, because its alpha (0.041) is higher than fund 1's alpha (0.037) c) fund 1, because its alpha (0.656) is higher than fund 2's alpha (0.559) d) fund 1, because its alpha (0.121) is higher than fund 2's alpha (0.113)
Two of the most important metrics for assessing the performance of a stock, a fund, or an investment portfolio are alpha and beta.
What is Portfolio Managers' Alpha?Alpha is a tool that helps individual investors understand how a company or fund might perform in comparison to its competitors or to the market at large.The rate of return that is greater than or less than the projection made by the model is how professional portfolio managers determine alpha. To forecast the probable returns of a portfolio of investments, they employ a capital asset pricing model (CAPM).That sets a higher standard generally. If the CAPM analysis shows that the portfolio should have earned 5% but only managed to earn 3% due to risk, the state of the economy, and other reasons, the portfolio's alpha would be a depressing -2%.Formula for Alpha:Alpha=Start PriceEnd Price+DPS−Start Pricewhere:
DPS=Distribution per share
In order to balance risk, portfolio managers diversify their holdings in an effort to increase alpha.The value that a portfolio manager contributes or subtracts from a fund's return is represented by alpha, which measures a portfolio's performance in relation to a benchmark. The benchmark value for alpha is zero, meaning that the portfolio or fund is mirroring the benchmark index exactly. The investment manager has not gained or lost any value in this situation.To Learn more About Alpha refer to :
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johnson company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.50 per pair. johnson's normal selling price is $11.50 per pair of sneakers. variable manufacturing costs are $5.00 per pair and fixed manufacturing costs are $3.00 a pair. johnson's variable selling expense for its normal line of sneakers is $1.00 per pair. what would the effect on johnson's operating income be if the company accepted the special order?
The Johnson Company, which produces a range of shoes, recently received a unique order from a wholesaler.$22,500 has been added to operational income by special order.
Due to other output covering the fixed cost. This order has not been accounted for. It is a project-related expense that can be avoided.
Orders specifically 15,000 pairs
Sale total: 15,000 pairs multiplied by $7.50 = $112,500.
15,000 pairs at $5 each = $75,000 in variable costs.
$112,500 - $75,000 = $37,500 is the gross income.
15,000 pairs times $1 equals variable selling costs.
$15,000 is the variable selling expense.
Gross income minus a variable selling price equals operating income.
$37,500 minus $15,000 is operating income.
operating earnings are $22,500.
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In the united states for the year 2020, the federal government had a ________ so the national debt was ________.
In the united states for the year 2020, the federal government had a budget deficit therefore national debt was increasing.
The federal government borrowed money to cover budget deficits for a long period of time, which led to the national debt. Since the start of 2020, total debt has increased by almost $8 trillion. In only eight months, it has increased by $1 trillion. During a period when interest rates were low, money was borrowed during the Trump administration as well as in the early days of the Biden administration.
Japan has the highest relative debt of any developed economy when compared to its GDP, even though the United States has the largest national debt in terms of finances. Sharp increases in the national debt are typically explained by tax cuts, stimulus initiatives, higher government spending, and a decline in tax revenue due to high unemployment.
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What project scheduling term is used to describe the completion of significant portions of the project or a transition from one phase to another?.
The term "milestone project scheduling" refers to the completion of important project components or a change from one phase to another.
Describe a project milestone.An important time period is denoted by a project milestone. Your projects can use milestones to symbolize a variety of occasions, including the receipt of important deliverables, the completion of project kickoff, the approval of the final plan, the gathering of requirements, the approval of the design, the completion of a project phase, and many more.
What do a task and a milestone mean?A milestone is a date on the calendar that has a single, clearly defined deliverable, and tasks are the actions necessary to reach that milestone. The beginning and end dates of tasks or activities. A single day when delivery is complete is known as a milestone.
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Assume that a firm distributes all of its carnings as dividends. Which of the following is indicated by a price-carnings (P/E) ratio of 10? a. It would take 10 years for an investor to recover his or her initial investment. b. The firm will pay a dividend of $10 per share. c. The value of the stock will be 10 times the initial investment at the time of maturity d. The stock's value will increase by 10 percent every year. e. An investor would receive 10 percent of the total earnings of the firm at the time of liquidation
A. P/E ratio indicates that an investor would need to wait 10 years to recoup their initial investment.
The P/E ratio reveals the payback period for a stock. If a company's P/E ratio is 10, it would take an investor 10 years to recoup their initial investment if the company pays out all of its earnings as dividends.
The ratio for valuing a company that compares its current share price to its earnings per share is called the price-to-earnings ratio. The price multiple or earnings multiple are other names for the price-to-earnings ratio.
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true or false? a hospital offers a coupon in the newspaper for a free heart-healthy assessment for individuals over age 60 for 2 weeks after opening the new heart center. this is an example of a sales promotion strategy.
This is true that a hospital offers a coupon in the newspaper for a free heart-healthy assessment for individuals over age 60 for 2 weeks after opening the new heart center. this is an example of a sales promotion strategy.
A heart health assessment is simple and easy. It will include a review of your kin record of what happened, weight, ancestry pressure, an ECG, and a few natural ancestry tests. The results of this appraisal are inspected by your GP to signify your risk of heart failure.
A promotion strategy is a litigable plan to influence the population about your trade, generate more leads, and boost client dates. It visualizes how to act your marketing design and ideas, the one to aim as your hearing, and where and when to kill the publicity plan. The most main purpose that a promotion serves is that it sets a business other from allure opponents.
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when the demand for a country's currency falls, the currency will . a.) have inflationary results at home b.) be more valuable to foreigners c.) appreciate d.) depreciate
The currency will Depreciate, when the demand for a country's currency falls.
When the value of a country's currency falls, it depreciates, which means that one unit of that currency may buy fewer units of another currency. A country's currency depreciation lowers the cost of its export goods for foreigners while increasing the cost of foreign imports for domestic residents.
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Walmart is requiring more trade sales promotion from bolthouse farms, a juice and smoothie company, to keep extensively promoting its products and displaying them on their shelves. Why will bolthouse farms most likely comply with walmart’s request?.
Given that Bolthouse Farms favors sales promotions to more expensive advertising, it is likely that Bolthouse Farms will agree with Walmart's request.
What is meant by the term sales promotions?A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand through its item or service.
A company may decide to utilize a promotional strategies (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a requirement as a deadline draws near or to spread word of a particular model.Bolthouse Farms, a firm that makes juice and smoothies, is being required by Walmart to increase trade sales marketing in order to remain heavily promoting its commodities and stocking them on store shelves.
Thus, considering that Bolthouse Farms prefers sales promotions to ever more expensive advertising, Bolthouse Farms will probably agree with Walmart's request.
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bob lives in denver and runs a business that sells guitars. in an average year, he receives $851,000 from selling guitars. of this sales revenue, he must pay the manufacturer a wholesale cost of $476,000; he also pays wages and utility bills totaling $281,000. he owns his showroom; if he chooses to rent it out, he will receive $71,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if bob does not operate this guitar business, he can work as an accountant, receive an annual salary of $34,000 with no additional monetary costs, and rent out his showroom at the $71,000 per year rate. no other costs are incurred in running this guitar business.
Using cost-benefit analysis we know that Bob will earn more by working as an accountant while collecting rent from his showroom rather than to keep running his business.
We can calculate using cost-benefit analysis that if Bob were to keep running his business he receives $851,000 from selling guitars minus the wholesale guitar cost of $476,000 minus wages and utilities of $281,000. By then end of the year he would have a net profit of $94,000.
$851,000-$476,000-$281,000=$94,000
Again by using cost-benefit analysis, if Bob were to work as an accountant and receive an annual salary of $34,000 while collecting a rent of $71,000 from his showroom, he would have collected $105,000 by the end of the year.
$34,000+$71,000=$105,000
By calculating the cost-benefit, we can conclude that it will be more profitable Bob to work as an accountant and collecting rent from his showroom rather than to keep his business running, because he will earn an extra $11,000 by doing so.
$105,000-$94,000=$11,000
You didn't ask the question yet, but I assume you are going to ask whether it'll be more profitable for Bob to run a business selling guitar or to work as an accountant while collecting rent from his showroom.
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Assume your group decided to outsource the pistons to the external supplier. Identify a plan that would enable FlexCon to carry out this recommendation. Be as thorough as possible.
An outsourcing Plan refers to the process of contracting out a portion of a company's production process to another company more specialized in that area to allow it to focus on its core competencies. The plans to execute such outsourcing will go as follows.
What is the Outsourcing Plan?Step 1: Create a standard for the pistons that the company expects the outsourcing entity to meet.
Step 2: Create a standard that you expect the outsourcing company to meet.
Step 3: Create and Advertise an RFP (Request for Proposals) for the role
Step 4: Select the best company that meets the criteria
Step 5: Sign the contract
Step 6: Begin a test run
Step 7: If Step 6 goes well, continue indefinitely while monitoring the quality of the product and relationships.
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As described in the ten axioms for success, what approach should be used to addresses a common source of project failure described as scope creep or drift caused by deviations from the project plan?.
The reason this approach should be used is that it will help to ensure that the project stays on track and does not deviate from its original objectives.
How to Address Scope Creep or Drift Caused by Deviations from the Project PlanThe approach that should be used to address a common source of project failure described as scope creep or drift caused by deviations from the project plan is to establish clear project objectives and milestones, and to track progress against these objectives and milestones. By tracking progress against clear objectives and milestones, it will be easier to identify when scope creep or drift is occurring so that corrective action can be taken.
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as a team leader, you recognize decision-making by your team may experience challenges that arise due to a high degree of cohesiveness and group norms that result in conformity. if this situation occurs, it is known as .
A team decision-making challenge that arises due to a high degree of cohesiveness and group norms that result in conformity is known as groupthink.
Define groupthink.When people repress their rational inclinations to present alternatives, contest a position, or express an unpopular opinion in favor of group consensus, it is known as groupthink. In this situation, the urge for group cohesion effectively stifles wise judgment and creative problem-solving.
Pressure to fit in, the false sense of invulnerability, self-censorship, and unquestioning ideas are four of groupthink's key traits. Groupthink can, in fact, make us prioritize harmony and consensus over our own judgment, which can result in immoral action. The psychological phenomenon known as "groupthink" refers to circumstances in which members of a group act in an improper or irrational manner in order to maintain peace or conformity.
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morton office supply, of rochester, new york, ordered fifty calculators from georgia instruments company, of savannah, georgia, terms fob savannah, georgia. the calculators were damaged in transit between savannah and rochester. who suffers the loss?
Morton office supply, of rochester, new york, ordered fifty calculators from georgia instruments company. Morton Office Supply suffers the loss.
What's the company instrument?
Company instrument means a legal document performing from a importunity or supplication that defines an agreement between the DOE and a company, individual, another Government agency, or public or private institution.
What's instrument design?The Instrument Design section, a platoon of professed masterminds, designs prototypes of protean laboratory instruments according to specific exploration requirements. Innovative results to specialized problems that arose during the design process are worked out by the platoon in confluence with the scientist.
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A firm’s earnings are a true representation of cash flows available to the stockholders.
a. True
b. False
False: A company's net income accurately reflects the cash flows available to stockholders.
Earnings of a company do not always accurately reflect the cash flows available to stockholders.
The management might decide to use the earnings—known as retained earnings—to fund additional expansion or acquisitions. Therefore, shareholders would not receive a cash dividend in that scenario.
Why do businesses choose not to pay dividends in cash?
In most cases, a business that is still expanding rapidly will not pay dividends because it wants to put as much money as it can into further expansion. Paying dividends is not an option for mature businesses that believe they can increase value by reinvesting their earnings.
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True or false: When a decision provides an uncompensated benefit to people outside the transaction, there is a negative externality.
When a decision provides an uncompensated benefit to people outside the transaction, there is a negative externality. FALSE
A transaction is a business event that has a financial effect on an entity's financial statements and is recorded as an entry in its accounting statistics. Examples of transactions are as follows: Paying a supplier for offerings rendered or items introduced.
There are 4 fundamental sorts of monetary transactions that arise in a commercial enterprise. The four styles of monetary transactions that impact the commercial enterprise are income, purchases, receipts, and bills.
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which of the following statements is true of nonmarketing-controlled information sources?
a. It is monitored anonymously by marketers acting as nonmarketing agents to promote their product.
b. It includes Internet forums and other forms of public sources of information.
c. It is biased towards a specific product because it originates with marketers promoting that product.
d. It includes mass media advertising like television, and newspaper advertising.
It includes Internet forums and other forms of public sources of information that are true of non-marketing-controlled information sources.
Public information sources like the internet, social media, and of them are instances of non-marketed, regulated information sources.
An Internet forum, often known as a message board, is a website where users may have discussions by posting messages.
Forums serve as primary hubs for topical discourse. The Forum format is inherited from BBS and Usenet. The most illustrious and important Internet forum groups have concentrated on issues ranging from health to technology, as well as professions and pastimes.
A component of social media technologies is forums, which can be found in a variety of platforms such as blogs, business networks, enterprise social networks, microblogs, photo sharing, reviews of products and services, social bookmarking, social networks, social gaming, video sharing, and virtual worlds.
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question content areathe cost of direct materials is assigned to a job by the use of a source document known as a: a.time ticket. b.sales receipt. c.schedule of cost of goods manufactured. d.materials requisition form.
Cost of direct materials is assigned to a job by the use of a source document known as a materials requisition form.
Initiated by a requisition, a specific action is requested and also documented for future reporting requirements. A purchase requisition, for instance, would be used by employees of a company if they required more supplies.
The Requisition (REQS) form is used to record a request to buy products or services from an outside vendor.
A material is something that is used to make another thing. Cloth and things made of matter that exist in the physical world are both considered to be materials. As an adjective and noun, the material can be used in a wide variety of contexts.
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at the beginning of the year, a company estimates total direct materials costs of $2,000,000 and total overhead costs of $3,000,000. if the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year?
The estimated allocation base divided by the predetermined overhead rate.
Why don't actual overhead rates be used by most businesses instead of predetermined overhead rates?
The application of predetermined overhead rates can aid in the smoothing of periodic variations (such as seasonal shifts) in the actual overhead costs. Product costs will remain constant throughout the year as a result of this.
Numerator for the predetermined overhead rate:/ Numerator: = Rate
Assessed above costs / Estimated direct materials costs = Rate
1260000 / 1020000 = 124%
What does it mean to charge overhead?
The overhead rate is a cost that goes toward making a product or service. Expenses that are not directly related to production include overhead costs like the cost of the corporate office.
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the inventory system emplouying accounting records that continuously disclose the amont of inventory is called
The inventory system employing accounting records that continuously disclose the amount of inventory would termed as Perpetual inventory.
With computerized point-of-sale systems, perpetual inventory is a method of accounting that continuously records inventory changes in real-time, doing away with the need for physical inventory checks. In the accounting records, a perpetual inventory system continuously monitors the inventory. Instead of conducting a physical inventory, a perpetual inventory system uses software to continuously estimate your inventory based on your electronic records.
The baseline for this system is a physical count, and it is updated as a result of incoming purchases and outgoing shipments. Perpetual inventory systems, also known as continuous inventory systems, are inventory management techniques where information on inventory quantity and availability is updated continuously and in real-time as a part of business operations.
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which department of the u.s. federal government usually receives over $700 billion to spend on goods and services each year, making it one of the largest b2b spenders in the country?
One of the top b2b spenders in the nation, the department of defense of the US federal government typically receives over $700 billion to spend on goods and services annually.
What is department of defense in U.S?U.S Department of Defense is in charge of providing the armed forces required to prevent conflict and safeguard national security. With over 1.3 million men and women on active duty, the Army, Navy, Marine Corps, and Air Force make up the bulk of these forces.The Pentagon in Washington, DC, serves as the home of the Department of Defense.The secretary of defense, a cabinet-level official who answers directly to the American president, is in charge of the Department of Defense. The Department of the Army, Department of the Navy, and Department of the Air Force are the three military agencies that report to the Department of Defense.To learn more about department of defense refer to :
https://brainly.com/question/14990786
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