Answers
Answer:
The ending retained earnings balance after closing is : $369,100
Explanation:
The Retained Earnings include an adjustment of profit for the year and dividend paid to the opening balance.
The Calculation of closing balance is as follows :
Opening Balance $305,000
Add Profit for the year ( $193,000 - $107,700) $85,300
Less Dividends paid ($21,200)
Closing Balance $369,100
Conclusion :
The ending retained earnings balance after closing is : $369,100
Related Questions
Financial aid letters show your aid and costs of attendance for _____.
Answers
Financial aid letters show your aid and costs of attendance for an academic year.
What is a financial aid letter?This is a letter that a tertiary institution gives to a student to show the cost of their attendance at the college they are currently enrolled in.
The period covered in the letter is the academic year which means that the costs associated with two semesters of attending the university will be shown to the student.
These costs will include things like tuition fees, room and board fees, transportation and other miscellaneous costs.
The letter will also include all the financial aids that the student may receive including federal grants, college grants, state grants, and federal loan options that a person may be eligible for.
In conclusion, financial aid letters show the costs of attendance in an academic year and the aid that comes with it.
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Read the claim.
The tests for becoming a licensed driver seem unreasonably difficult;
What is the best counterclaim to complete the statement?
A. however, there is both a written and a driving portion of the test.
B. however, learner’s permits are issued at age 15 in most states.
C. however, drivers are unable to answer questions about road safety.
D. however, tougher requirements produce more prepared drivers.
Answers
Answer:D. However, tougher requirements produce more prepared drivers
Explanation:
I took the quiz
Answer:
Its D
Explanation:
Have a nice day
Farris Company reported the following information for its two products:
Product X Product Y
Selling price per unit
$ 25 $35
Variable cost per unit
15 20
Due to labor constraints, demand for each of the products is greater than its supply. Product X requires one hour of labor to produce and product Y requires three hours of labor to produce. Which of the following statements is true?
Answers
Answer: To determine which statement is true, we need to compare the contribution margin per unit of each product. The contribution margin is the amount by which the selling price exceeds the variable cost per unit, and it represents the amount of revenue available to cover fixed costs and contribute to profit.
Explanation: The contribution margin per unit for each product is calculated as follows:Product X: $25 selling price - $15 variable cost = $10 contribution margin per unitProduct Y: $35 selling price - $20 variable cost = $15 contribution margin per unitHowever, since Product Y requires three times as much labor as Product X, we need to consider the contribution margin per hour of labor:Product X: $10 contribution margin / 1 hour of labor = $10 contribution margin per hour of laborProduct Y: $15 contribution margin / 3 hours of labor = $5 contribution margin per hour of laborTherefore, the true statement is that Product X has a higher contribution margin per hour of labor than Product Y. Even though Product Y has a higher total contribution margin per unit, it requires more labor to produce, which reduces its contribution margin per hour of labor. As a result, if there is a labor constraint, it may be more profitable to produce more units of Product X rather than Product Y.
If you wanted to see how much time you spent working on your assignments last Thursday, which
screen would you look at?
Student Activity
External Links
Suggested Facing
Answers
Note that If you wanted to see how much time you spent working on your assignments last Thursday, which screen would you look at is: "Student Activity" (Option A). This has to do with a learning management system.
What is Student Activity?A Learning Management System (LMS) is a web-based tool used to store classroom activity online. They are a sort of cloud computing in which the program is accessible whenever and wherever a user has Internet connection.
The goal of a learning management system (LMS) is to provide training and development to Learning and Development (L&D) departments so that they can maintain a company's growth, success, and, eventually, revenue. These are some lofty learning objectives.
Student activities are extracurricular groups and programs that are available to students at a college or university. Student activities are typically intended to get students more active on campus.
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Read the article 8 Things You Should Consider Before Getting a Franchise
After reading the 8 items, select one and write a summary on it and note how it might apply to your business as a franchisor.
Answers
One of the items mentioned in the article "8 Things You Should Consider Before Getting a Franchise" is the importance of conducting thorough research before investing in a franchise.
What is the explanation for the above response?
One of the items mentioned in the article "8 Things You Should Consider Before Getting a Franchise" is the importance of conducting thorough research before investing in a franchise. It is crucial to research the franchisor's background, franchise system, and the industry in which the franchise operates to ensure that it aligns with your business goals and values.
As a franchisor, it is important to provide potential franchisees with comprehensive information about your franchise system, including financial information, training and support, marketing strategies, and operational procedures. This will help franchisees make an informed decision about investing in your franchise and ensure that they have a clear understanding of what they can expect.
It is also important to conduct ongoing research and analysis of the industry to stay up-to-date on market trends and consumer demands. This will enable you to adapt your franchise system to changing market conditions and provide your franchisees with the support they need to succeed.
By focusing on thorough research, both as a potential franchisee and as a franchisor, you can ensure that you make an informed decision about investing in a franchise and set yourself up for long-term success.
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Making a financial transaction based on information not available to other
investors is known as
A. Sarbanes-Oxley
B. fair disclosure
C. insider trading
D. selling or buying short
SUBMIT
Answers
Answer:c.....
Explanation:a p e x
Making a financial transaction based on information not available to other investors is known as insider trading. Thus the correct option is C.
What is a financial transaction?A financial transaction is an arrangement for the exchange of commodities or services between a buyer and a seller. The financial account keeps systematic track of all financial transactions and summarises them.
Insider trading is the act of workers dealing in the stock or other securities of a publicly traded firm while in possession of substantial, non-public information on the company.
Insider trading is the act of buying or selling a financial instrument based on the knowledge that is not typically available to investors. Sales are transactions in which a buyer exchanges goods and services with a seller in return for cash or credit.
Therefore, option C is appropriate.
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Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Answers
The bond indenture for the 10-year, 9% debenture bonds issued January 2, 20Y5, required working capital of $100,000, a current ratio of 1.5, and a quick ratio of 1.0 at the end of each calendar year until the bonds mature. At December 31, 20Y6, the three measures were computed as follows: 1. Current assets Cash $102,000 Temporary investments 48,000 Accounts and notes receivable (net) 120,000
Inventories 36,000
Prepaid expenses 24,000 Intangible assets 124,800 Property, plant, and equipment 55,200 Total current assets (net) $510,000 Current liabilities Accounts and short-term notes payable $96,000 Accrued liabilities 204,000 Total current liabilities 300,000 Working capital $210,000 2. Current ratio 1.7 $510,000 ÷ $300,000 3. Quick ratio 1.2 $115,200÷ $96,000 a. Find the errors in the determination of the three measures of current position analysis. Then provide the correct amounts below. If required, round the ratios to one decimal place. Working capital Current ratio Quick ratio
Answers
A). Working capital = $ 30000
Current ratio = 1.1
Quick ratio = 0.9 Times.
B ) All the values are less than the required so the company is not satisfying the terms of the bond indenture.
working capital = present-day property - modern liabilities.
Current Assets = Cash +Temporary investments + Accounts and notes receivable + Inventories + prepaid expenses
= 99000 + 48000 + 123000 + 36000 + 24000
= $ 330000
Current liabilities = 96000 + 204000
= $ 300000
Working capital = 330000 - 300000
= $ 30000
Contemporary ratio = present-day property / cutting-edge liabilities
= 330000 / 300000
= 1.1
Quick ratio = ( modern-day assets - Inventories - pay as you go charges ) / cutting-edge liabilities
= ( 330000 - 36000 - 24000 ) / 300000
= 270000 / 300000
= 0.9 Times.
B ) All the values are less than the required so the company is not satisfying the terms of the bond indenture.
Accounting is the technique of recording financial transactions concerning a business. The accounting procedure includes summarizing, studying, and reporting these transactions to oversight agencies, regulators, and tax series entities.
The chart of bills organizes your budget into the five most important account types, referred to as money owed: belongings, liabilities, equity, revenue, and expenses. A coins account is a type of brokerage account wherein the investor must pay the overall quantity of securities purchased. An investor using a cash account is not allowed to borrow finances from his or her broking dealer if you want to pay for transactions inside the account (buying and selling on margin).
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What is a major benefit of the Pay Yourself First strategy?
Responses
A. It encourages you to prioritize saving money
B. It is a good way to build your credit
C. It generates additional income to cover essential expenses
Answers
The "pay yourself first" strategy encourages you to set aside a portion of your earnings for savings for emergencies It encourages you to prioritize saving money
What is the Pay Yourself First strategy's main advantage?Every time you get paid, if it becomes a habit, you deposit or transfer money into your savings account, you may be less likely to use it for daily necessities. This routine can help you develop a saving habit that will accumulate over time and enable you to be ready for significant or unforeseen bills.
What does the corporate version of paying yourself first entail?In general, if you own a sole proprietorship, partnership, or LLC, you can take an owner's draw, and you can take a salary when your business is larger. is an LLC taxed like a corporation or a corporation.
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two
operating departments using different allocation bases. The following information is available for the current period:
office Expenses
Salaries
Depreciation
Advertising
Department
Drilling
Grinding
Total
Total
$ 56,000
35,000
69,000
Number of employees
1,600
2,400
4,000
The amount of salaries that should be allocated
Allocation Basis
Number of employees
Cost of goods sold
Percentage of total
sales
Sales
$.392,000
588,000
$ 980,000
Ginting for
Cost of goods sold
$ 144,400
235,600
$ 380,000
Answers
The total amount of office expenses allocated to the Drilling department is $43,166, option (b) is correct.
The allocation of office expenses to the Drilling department is based on the allocation bases provided in the problem, which are the number of employees and the cost of goods sold.
Salaries allocation rate = $42,000 ÷ 3,000 employees
= $14 per employee
Depreciation allocation rate = $22,000 ÷ $250,000 cost of goods sold
= 0.088 or 8.8% of the cost of goods sold
Advertising allocation rate = $45,000 ÷ $850,000 net sales
= 0.0529 or 5.29% of net sales
Using the allocation rates, the amount of office expenses allocated to the Drilling department is:
Salaries = 1,200 employees × $14 per employee
= $16,800
Depreciation = $95,000 cost of goods sold × 8.8% allocation rate
= $8,360
Advertising = $340,000 net sales × 5.29% allocation rate
= $18,006
Total amount = $16,800 + $8,360 + $18,006
= $43,166
Hence, option (b) is correct.
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The complete question is:
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to departments using different allocation bases. The following information is available for the current period.
The amount of the total office expenses that should be allocated to Drilling for the current period is:
a. $35,750
b. $43,166
c. $54,250
d. $90,000
Define organizational structures? And explain types of organizational structures?
Answers
Answer:
Four main types of structures of the organization are:
Functional Divisional Matrix FlatExplanation:
Functional StructureThis structure consists of employees performing similar tasks or specialties. For example, in the finance department, accountants are grouped and the same applies to marketing departments, operations, and human resources. This structure enables swift decision-making because the group members have similar skills, can communicate easily, and can also improve their ability by learning from each other.
Divisional StructureThis structure groups employees according to the products or projects that meet customer requirements of a certain type. For instance, a catering services restaurant could organize the employees by departments, e.g. weddings or wholesale retail departments, according to which they serve. Employees are split so that their performance is maximized.
Flat StructureThe traditional top-down management system is impeded by a flat organizational structure. There is no concept of the boss, every employee is the boss, which removes bureaucracy and improves direct contact. For example, an employee with an innovative idea or suggestion need not contact every level of senior management to give the person responsible for the idea. The staff can directly communicate on an individual basis.
Matrix StructureA matrix structure has a complex story true as it combines elements from both the functional and the divisional models. It first divides employees according to their specialization, then further separates them into departments according to projects and products. To make this structure a lot of planning and efforts are required but one e achieved increases the productivity of the team, promotes innovation and creativity, and good decision making.
One of the flaws of Al-assisted translation tools is? A. work best on text with idiomatic expression and complex phrasing B. they get the gist of the text, but not an exact translation C. they only work well when a text contains a significant amount of abstract ideas they are more expensive that having a human do the translation work D. they process language , not read it for understanding
Answers
D. They process language, not read it for understanding.
AI-assisted translation may work well when literal translation is needed, that is, when translation must be free of any form of interpretation, since interpretation is inextricably linked with subjectivity, abstraction and irrational or surreal elements on human thinking.
AI-assisted translation can translate literal meaning of words and literal structure of grammar, but it cannot understand the sense behind words and sentences.
Therefore, we conclude that right answer is D.
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Jazz is a high-end handbag manufacturing firm based in Italy. It has achieved peak sales and profits in the home-country market. Jazz now wants to cater to the different fashion sensibilities of women across the world. The firm sets up facilities for production, marketing, and sales in the United States, India, and Japan. Which of the following is most likely the reason for Jazz's global expansion?
a. Diversifying its customer base
b. Accessing a deeper, more diverse talent pool of skilled managers
c. Obtaining investment capital for increased production
d. Accessing better raw materials
Answers
Answer: B
Explanation:
Accessing a deeper, more diverse talent pool of skilled managers is most likely the reason for Jazz's global expansion. The correct option is b.
What is a global expansion in business?In terms of business, global expansion is when a business begins operating in another country, usually to take advantage of local market conditions or lucrative opportunities to increase revenue or reduce costs.
Global expansion refers to any business activity in a new territory, from selling products or services, dealing in raw materials, manufacturing, exporting, importing or employing. Global expansion is often linked to fast-growing businesses that recognise they can make more money if there is a demand for what they do abroad, or if they can reduce costs by operating in a new territory. It can also be about driving brand recognition in a new region or even leveraging market share from a competitor who is also active in that part of the world.
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T/F using historical data to make informed decisions about how things may be in the future is an example of discovering connections.
Answers
The given statement "Historical data will make informed decisions about how many things may be in the future is an example of a discovering connections" is false. Because it is an example of forecasting or predictive analytics.
Discovering connections involves identifying patterns or relationships in data that may not be immediately apparent, such as correlations or causal relationships. This can involve using statistical methods and machine learning algorithms to identify these connections and use them to gain insights into the data.
Both forecasting and discovering connections are important techniques for gaining insights and making informed decisions, but they involve different approaches and methods.
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Planning to finance higher education helps people prepare for their financial future because it teaches them about.......
a.) funds management and loans
b.) their educational options
c.) the real world
d.) meeting short term goals
Answers
Which term describes all of the money circulating in a country's economic
system?
A. Fiat money
B. Near money
C. Measure of Value
D. Monetary base
Answers
Answer:
D, monetary base
Explanation:
just got it right:)
Monetary base describes all of the money circulating in a country's economic system. Therefore, option D is correct.
What is monetary base?Monetary base refers to the total amount of currency in circulation in a country, including physical currency, reserves held by banks at the central bank, and any other money that is considered part of the country's money supply. It is also referred to as the "money base" or "high-powered money".
The monetary base is controlled by the central bank of a country, which can influence it through its monetary policy decisions, such as setting interest rates and buying or selling government securities.
By controlling the monetary base, the central bank can affect the supply of money in the economy, which can in turn impact factors such as inflation, economic growth, and employment levels.
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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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Malon plans to attend college and he starts having $200 per month to pay for it he will need $18,800 to pay for the first year cost his aunt gave him a special gift of $2000 to use sorta cost how many years will it take me long to save enough for the first year cost
Answers
Answer:
It would take you 7 years.
Explanation:
1st year》$200 per month × 12(months/ 1 year)= $2400......$2400 + $2000( gift from aunt)= $4400 ■ In the first yr Malon has made $44002nd yr》$200 × 12(months)= $2400 ■ $2400 + $4400(1st yr)= $68003rd yr》[The same as year 2] ■ $2400+ $6800 = $92004th yr》$2400 + $9200= $116005th yr》$2400+$11600=$14000$2400+14000=$16400 $16400+$2400= $18800☆☆☆How should sales promotion decisions be made?
Answers
Answer:
By how they work and how they are in their field
50 points! Please help!
Which type of flowchart scheduling technique has a fixed duration of production activities? In which type of flowchart are they probabilistic?
The ____ type of flow chart has a fixed duration for production activities. The ___ type has a probabilistic duration for production activities.
1. A. IPM, B. CPM or C. FDA
2. A. PACT, B. KENT, or C. PERT)
Answers
2. PACT
From what I remember
1. Analysis How many burritos will the producer supply at the price of $1? In your opinion, what is the reason for that quantity?
Answers
The number of burritos that will be supplied depends on the costs the supplier incurs.
You did not include any charts that can be used to answer this specific question so I will give a general answer.
When a supplier is deciding the price at which to supply a good, they look at:
Their costs both fixed and variable The price others are charging The demand for the goodThe most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.
In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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If a savings account has a nominal interest rate of 2% and compounds quarterly, what is the effective annual interest rate?
Answers
Answer:
To calculate the effective annual interest rate (EAR) from a nominal interest rate with quarterly compounding, you can use the following formula:
EAR = (1 + (r/n))^n - 1
Where:
r is the nominal interest rate (expressed as a decimal), which is 2% in this case (0.02).
n is the number of compounding periods per year, which is 4 (quarterly compounding).
Plugging in the values, we have:
EAR = (1 + (0.02/4)) - 1
= (1 + 0.005) ⁴- 1
= (1.005) 1
≈ 0.0202
Therefore, the effective annual interest rate for a savings account with a nominal interest rate of 2% and quarterly compounding is approximately 2.02%.
Find the interest rate, I, on a given security that costs $100 and that will return $150 after 10 years.
Answers
Answer:
Rate = 6.666%
Explanation:
First, the formula of the simple interest rate is:
R = I/PT x 100%
Put in the numbers:
R = $100/($150 x 10 years) x 100%
Then calculate:
R = $100/$1500 x 100%
R = 100/15%
R = 6.666%
First one to answer gets a brainly, look at the picture please
Answers
Answer:
c
Explanation:
Answer: B
Explanation:
Which professionals would most likely use heavy equipment and specialized tools in their line of work?
O Electricians and Civil Drafters
O Repair Workers and Carpenters
O Stationary Engineers and Surveyors
O Interior Designers and Boiler Operators
Answers
Answer:
Repair Workers and Carpenters
Explanation:
From the options provided, repair workers and carpenters are the most likely to use heavy equipment and specialized tools. When working, repair workers may be required to dismantle and re-assemble the items under repair. Carpenters must use machines or some special tools to do their work effectively. Modern equipment that carpenters use electricity. They make work easier and give a nice finish to the job
The other professional in the list, such as civil drafter, stationary engineers, and surveyors, use light tools. A majority of their equipment can fit in their work desks.
Answer:
B. Repair Workers and Carpenters
Explanation:
A designer of purses is known for her clutches and small cross-body bags. Over the course of several years, consumers slowly stop buying the cross-body bags, prompting the designer to replace them with larger purses that have shoulder straps. This is an example of repositioning by changing the ______.
Answers
This is an example of repositioning by changing the product offerings to meet the preferences and demands of the consumers.
The correct answer is repositioning by changing the product. Changing the product is the answer to what type of repositioning is it if a designer replaces smaller cross-body bags with larger purses that have shoulder straps because consumers stop buying cross-body bags?
What is repositioning? Repositioning is a strategy that entails adjusting a brand's market location in order to meet the changing needs of customers, revitalizing an old brand, or identifying new opportunities in the market.
Repositioning includes the use of marketing campaigns and targeted brand messaging to move a brand to a new market position.Repositioning is frequently used by companies that are struggling in their current market position, such as those whose products are outdated, no longer meet the needs of customers, or face stiff competition from newer or more innovative companies.
It's a technique for regaining competitiveness and increasing customer interest.Repositioning by changing the product. When the customers slowly stop buying a product, companies may reposition the product by modifying its features and characteristics.
The designer, in this case, replaces cross-body bags with larger purses that have shoulder straps because consumers stopped buying cross-body bags. This is an example of repositioning by changing the product. This is done by making changes in the physical attributes of the product or the way it is presented. These modifications should be appropriate for the target market and should address their changing requirements.
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When we use same chopping board for raw meat and other products the contamination is known as?
Answers
Answer: cross contamintation
Explanation:
Ivan, a scientist, invented a method of using solar energy to power electrical devices. However, the cost of using the method on a large scale was prohibitive. Hence, his invention was not adopted by his target customers. The lack of _____ was the reason for the failure of his invention.
A. organizational suitability
B. technological feasibility
C. economic viability
D. social adaptability
E. political suitability
Answers
Since Ivan's invention was not adopted by his target customers, the reason for the failure was because of lack of technological feasibility.
What is a technological feasibility?Basically, a technological feasibility refers to the act of figuring out how one is going to produce their technological product which will be acceptable by target population.
Hence, since he is producing a power electrical devices and his invention was not adopted by his target customers, the reason for the failure was because of lack of technological feasibility.
Therefore, the Option B is correct.
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Terps Company reported total assets of $2,400,000 and net income of $320,000 for the current year. The company determined that inventory was overstated by $24,000 at the beginning of the year (this was not corrected). What is the corrected amount for total assets and net income for the year
Answers
Answer:
$2,400,000 and $344,000
Explanation:
Given the above information,
the corrected amount for total assets at the end of the year would still remain $2,400,000. Reason being that the overstatement of inventory has no effect whatsoever on the asset of the company.
Also, the corrected net income for the year would be ;
= Net income for the year + Over stated inventory
= $320,000 + $24,000
= $344,000
Therefore,
The corrected amount for total assets and net income for the year are $2,400,000 and $344,000 respectively