The first entry is made to write-off the uncollectible account and record the loss in the Allowance for Doubtful Accounts account.The credit to Allowance for Questionable Accounts decreases the allowance for doubtful accounts, while the debit to Accounts Receivable reverses the initial write-off.
Mar. 11 - Write-off of Uncollectible Account
Debit: Allowance for Doubtful Accounts $45,000
Credit: Accounts Receivable (Leer Company) $45,000
This entry is made to write-off the uncollectible account and record the loss in the Allowance for Doubtful Accounts account.
Mar. 29 - Recovery of Uncollectible Account
Debit: Accounts Receivable (Leer Company) $45,000
Credit: Allowance for Doubtful Accounts $45,000
This entry is made to record the recovery of the previously written-off bad debt from Leer Company. The debit to Accounts Receivable reverses the original write-off, and the credit to Allowance for Doubtful Accounts reduces the allowance for doubtful accounts.
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in december 2020, treasury 4 1/4s of 2040 offered a semiannually compounded yield to maturity of 1.32%. recognizing that coupons are paid semiannually, calculate the bond's price. assume face value is $1,000. (do not round intermediate calculations. round your answer to 2 decimal places.)
Bond Price = C* (1-(1+r)-n/r ) + F/(1+r)n, F = Face / Par price of bond, r = Yield to maturity (YTM) and. n = No. of periods until maturity.
What is Bond Price example?A bond's fee is what traders are inclined to pay for an existing bond. In the on line offering desk and statements you receive, bond prices are supplied in terms of percentage of face (par) value. Example: You are considering buying a company bond. It has a face fee of $20,000.
What is bond rate in India?It refers to the sum of the current values of all likely coupon repayments plus the existing cost of the par fee at maturity. To calculate the bond price, one has to in reality discount the recognized future money flows.
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https://brainly.com/question/26376004#SPJ4Which of the following items should be capitalized in the cost of equipment? A) installation and testing of equipment B) Freight to deliver the equipment C) Sales Tax D) training for employees E) legal fees to establish title
Installation and Testing of Equipment, Sales Tax, and Legal Fees to Establish Title should be capitalized in the cost of equipment should be capitalized in the cost of equipment.
What do you mean by Sales Tax?
Sales Tax is a tax on the sale of goods or services. It is collected at the point of sale by the seller on behalf of the government. The amount of tax charged is based on the value of the goods or services being sold, as well as any applicable state or local laws. Sales tax is typically added to the sale price of the goods or services and is visible to the customer. The proceeds of the tax are used to fund government programs and services. Sales tax helps to fund public services such as transportation, education, healthcare, and public safety. It is also used to pay for infrastructure improvements, such as roads and bridges. Sales tax is an indirect tax, meaning that the payment is made by the buyer but the revenue goes to the government.
It is important for businesses to collect and remit sales tax in order to comply with local and state laws.
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prepare an income statement for franklin kite company. take your calculations all the way to computing earnings per share. note: round eps answer to 2 decimal places. input all your answers as positive values. sales $ 1,030,000 shares outstanding 172,000 cost of goods sold 550,000 interest expense 24,000 selling and administrative expense 47,000 depreciation expense 38,000 preferred stock dividends 88,000 taxes 114,000
The Franklin Kite Company's earnings per share are $0.98.
How much do gross and net incomes total?The sum of an employee's paycheck that is left over after payroll deductions such as taxes, benefits, and other expenses is referred to as their gross pay. The amount that is left over after all withholdings have been taken into account is referred to as net pay or take-home pay.
Net income is the accounting profit that remains after a company has paid all of its expenses. Net income is calculated by multiplying sales revenue by COGS, SG&A, depreciation and amortization, interest expense, taxes, and any other expenses.
Earnings Per Share: What Is It?Earnings per share, or EPS, is a measurement of the amount of money generated during a given time period for each outstanding ordinary share. Investors regularly evaluate a company using this metric; the greater the figure, the better.
Sales $1,030,000
Cost of goods sold ($550,000)
Gross profit $480,000
Interest expense ($24,000)
Selling and administrative expense ($47,000)
Depreciation expense ($38,000)
Taxes ($114,000)
Net income $257,000
Earnings per share= $0.98
Earnings per share= net income - preferred dividends / stock outstanding
= ($257,000- $88,000)/$172,000
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Which of the following is NOT an example of a specialized and highly-targeted media that an advertiser might use to reach smaller customer segments?
A) cable television channels
B) e-mail
C) blogs
D) network television
E) online social networks
e-mails
Explanation:
Customers and not going to be able to see the goods rather than texting message which we also read not only be seen
FILL IN THE BLANK. A _____ is defined as an innovation that is adopted first in emerging economies and then diffused around the world. Reverse Innovation.
Reverse innovations are innovations that are adopted first in the Triad-based multinationals and then diffused around the world.
What is the goal of reverse innovation?Reverse innovation refers to bringing third world constraints and innovations for the globe's impoverished citizens back into affluent economies. For firms in the developed world, there are important lessons to be learned about how expansion could be sparked by going farther afield. Reverse innovation is the process by which products created as low-cost models to address the needs of developing countries, such as battery-operated medical tools in nations with poor infrastructure, are then repackaged as low-cost novel goods for Western consumers.
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Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2017 2018 $ 19,573 $ 17,736 1,821 1,896 4,779 4,867 1,026 904 875 1,006 6,307 6,946 8,200 9,907 1,330 1,307 20,800 25,036 51,240 54,753 4,640 5,124 14,555 15,448 1,750 1,778 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) X Answer is not complete. TACO SWELL, INC. Balance Sheet as of Dec. 31 2017 2018 Assets 9,907 > Current assets Accounts receivable Inventory Total assets Liabilities & Equity 8,200 14,555 X 15448 87,054 Current liabilities 6.431 Total liabilities & owners' equity Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) Answer is not complete. TACO SWELL, INC. Income Statement 2017 2018 Sales COGS Other expenses Depreciation EBIT Interest 19,573.00 4,779.00 1,026.00 1,821.00 11,947.00 7,626.00 $ 4,321.00 X 1,296.00 $ 3,025.00 X 1,750.00 1,275.00 * EBT Taxes Net income Dividends Additions to RE
Use the following details for Taco Swell, Inc. (assuming a 30 percent tax rate): 2010, 2011 Sales$ 16,573 Depreciation of $1,761,836 and cost of goods sold: $15,936
Describe cash flow.
Cash flow refers to the quantity of money that a business gets or transfers to its debtors in the form of cash or cash equivalent. The liquidity condition of the business is frequently studied using cash flow analysis. The money that remains after a corporation pays its operational costs and capital expenditures is known as free cash flow. It is the money that is left over after paying for expenses including rent, taxes, and wages. FCF can be used however businesses see fit.
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experiment 1: what was the mass of the empty crucible? note: the size of containers in the lab can vary. pick the answer that is closest to yours. 98.000 g 35.000 g 45.000 g 90.000 g
The mass of the empty crucible in experiment 1 can be found to be B. 35.000 g.
How to find the mass of the empty crucible ?The mass of the crucible when it contains liquid in it is 80 grams. We are also told that , the mass of the liquid in the crucible was 45 grams.
This means that the mass of the empty crucible is closest to :
= Mass of crucible with liquid - Mass of liquid
= 80 - 45
= 35 g
= 35. 000 g
In conclusion, the empty crucible had a mass of 35. 000 g.
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The first part of the question is:
A student is to create an experiment that is to show the reaction of a liquid to another liquid. The liquid is put in a crucible and together they weigh 80 grams with the liquid weighing 45 grams.
which of the following statements about operations management processes is not true? inputs to operations management processes can be materials, people, and/or information.
Contrary to popular belief, operations management processes do not necessarily result in tangible items.
What of the following does not fall under the umbrella of operations and operations management?The role of the operations department for staff development is not one of them. In actuality, the human resource management functions are in charge of the employee development.
Which of the following does not fall under the operations management, design, finance, production, and delivery categories?Operations management procedures include design, supply, production, and delivery money is not an international network of businesses and activities involved in the production, acquisition, maintenance, and disposal of goods and services is known as a supply chain.
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FILL IN THE BLANK. A large city zoo provides jobs for over 370 full-time employees and about 600 seasonal workers. The zoo consists of traditional functional units, which include management, marketing, and finance, as well as veterinarians who specialize in caring for the various animals living in the zoo. Although the zoo operates with a CEO, COO, CFO, and a director of marketing, it relies on the veterinarians to make decisions on the appropriate care and environment for the animals. Sometimes the veterinary decisions override marketing and financial concerns even though they operate at a lower level in the organization structure. The zoo operates as a(n) _________ organization.
Multiple Choice
A. dynamic
B. inverted
C. alternate
D. cash-strapped
The zoo operates as an inverted organization.
What is an inverted organization?
An upside-down organisational system is not a novel concept. In reality, there exist a wide variety of organisational structures that reject the conventional hierarchical structure. Examples include holocracy, managerless companies, and the lattice organisation. However, the fundamental idea remains the same: You must cease considering your organization's structure of how work is done as a top-down one. Managers serve employees, while leaders serve the larger business, all with the aim of better assisting consumers. Employees do not support management's goals.
By giving every employee a voice, one software business was able to upend the conventional bureaucratic structure, as described in the book "The Conversational Firm." It's the notion that organisations may communicate with one another more openly than we previously imagined was feasible throughout the corporate hierarchy.
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ava is worried, as she is having difficulty securing her credit report while trying to complete her pre-qualification obligations for a loan. analyze ava's situation.
Ava should not worry; for the pre-qualification she'll report on her income, assets, and the debts, but her credit report won't be pulled until pre-approval.
What is debt?A debt requires a party, the debtor, to give money or another agreed-upon value to a third party, the creditor. Debt entails postponed payments or a series of payments as opposed to an immediate purchase. The debt may be owed by a corporation, person, municipal government, sovereign state or country, or another organisation. Contractual agreements for commercial debt frequently specify the amount and frequency of principle and interest repayments. Loans, bonds, notes, and mortgages are among the several types of debt. The phrase can also be used to describe moral obligations and other relationships that are not measurable in monetary terms. In Western societies, someone who accepts help from someone else may be said to owe that other a "debt of gratitude."
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______ to a corporation's stockholders' equity accounts cause its total stockholders' equity to ______. a. Debits; decrease b. Debits; increase c. Credits; decrease
A corporation's stockholder equity accounts have a negative impact on its overall stockholder equity, causing it to decline.
An investor is what?
A stockholder, or shareholder, is someone who owns at least one share of a company's capital stock. Stockholders make up the majority of a company's owners and frequently gain from it through increased stock prices.
A person who has common stock in a company is referred to as a common stockholder. Common shareholders of the corporation, who also vote on specific choices like the company's merger with another corporation, elect the board of directors of the corporation.
An organisation that has a financial interest in a company and owns at least one share of it A stockholder is referred to as success. This entity may be a person, an enterprise, or a group.
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otospeed inc. is an automobile manufacturer. in the context of the types of customers, match the roles otospeed can play ________ with their descriptions _____.
1. Order-takers
They lack a sales strategy and often do not use a sales presentation.2. Order-getters
They obtain new and repeat business utilizing a creative sales strategy and a well-executed sales presentation.Sales are activities associated with selling or the wide variety of goods bought in a given focused time period. The delivery of a service for a price is also considered a sale. In the case of indirect interplay, someone who sells items or services on behalf of the proprietor is known as a salesperson or saleswoman, or salesperson.
The vendor, or the company of the products or offerings, completes a sale in reaction to an acquisition, appropriation, requisition, or a direct interaction with the consumer on the factor of sale. there is a passing of title (property or ownership) of the object, and the agreement of a price, wherein settlement is reached on a rate for which transfer of ownership of the item will arise. the seller, no longer the customer, commonly executes the sale and it is able to be completed previous to the obligation of payment.
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Complete Question:
Match the types of people involved in sales jobs (in the left column) with their descriptions (in the right column).
FILL IN THE BLANK. Under Armour's decision to add athletic shoes to its apparel line in 2006 and sell these to their existing customers, is an example of a ________ strategy.
Under Armour's decision to add athletic shoes to its apparel line in 2006 and sell these to its existing customers, is an example of a product development strategy.
What is a product development strategy?
A product development strategy involves creating new items or altering old ones to make them appear brand-new, then introducing those products to existing or emerging markets. When carried out effectively, it can result in increases in sales and market share. Developing a new product is frequently as easy as taking an existing one, making a few minor changes, and selling it to your current market. Customers who already own the existing version of your product may decide to purchase your new one because this offers value for them. A good illustration of this is Apple. Market research, user research, testing, and product launch are some of the internal product development strategies.
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The following information was gathered for Company J, a manufacturing company with three departments, A, B, and C: Manufacturing supplies cost is expected to be $300,000. Possible cost drivers are direct labor hours, direct materials cost, and number of units completed and sold. The three departments have varying amounts for these items. Department A Department B Department c 40,000 15,000 Direct labor hours Direct materials cost # of units expected to be completed and sold 45, 000 500,000 2,500,000 2,000,000 30,000 80,000 40,000 Based on this information, indicate whether each of the following statements is true or false If number of units completed and sold is selected as the cost driver, the allocation rate for manufacturing supplies cost would be $2 per unit. If direct labor hours is selected as the cost driver, the manufacturing supplies cost allocated to Department B would be $100,000. The manufacturing supplies cost allocated to Department C would be unaffected by the choice of the cost driver. f the amount of bonuses to department managers is based on income after all expenses, the manager for Department A would prefer that direct materials cost be selected as the cost driver. If the amount of bonuses to department managers is based on income after all expenses, the manager for Department B would prefer that direct labor hours be selected as the cost driver
True statements are 1 and 4 i.e., Allocation rate is $2, and the cost allocated is least respectively while all the remaining statements are false i.e., 2, 3 and 5 options are not correct.
What is a statement?A statement, like "Pizza is tasty," is a declaration that something is true. In the fields of law, banking, and government, there are more types of statements. Every statement makes a claim or a point. If you see an accident, you have to tell the police what you observed in a statement.
What is a statement's primary goal?A declarative sentence that enumerates the precise subject and objectives of a document is called a purpose statement. Usually, it appears in the beginning to offer the reader a clear grasp of the topics the document will cover and the benefits of reading it.
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consider the market for cars. which determinant of demand is affected by each of the following events?
a. Environmentalis launch a successful one family, one car campaign:
b. A baby boom occured 16 years ago
c. Layoffs increase as the economy sheds millions of jobs
d. An oil shortage causes the prise gasoline to soar
e. The goverment offers tax rebates in return for the purchase of commuter rail ticket
f. The goverment announce a massive plan to bail out the auto industry and subsideze production costs
As the economy loses millions of jobs, there are more layoffs.
What is meant by demand?Demand in economics refers to the quantity of a good that consumers are willing and able to buy at different prices at a particular time. The term "demand curve" refers to the correlation between price and quantity demand.
The number of consumers who are able and willing to purchase goods at various prices throughout a specific time period is known as demand. Demand for any thing or service denotes consumer desire, willingness, and ability to pay for it.
Demand in economics refers to a consumer's willingness and desire to purchase goods and services at a specific price. A product or service's demand often declines as its price increases.
Therefore, the correct answer is option c. Layoffs increase as the economy sheds millions of jobs.
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kyle is going shopping. for kyle, the marginal utility of bow ties is greater than the marginal utility of dress shirts, to maximize utility, kyle should: kyle is going shopping. for kyle, the marginal utility of bow ties is greater than the marginal utility of dress shirts, to maximize utility, kyle should: buy more bow ties than dress shirts. buy more dress shirts than bow ties. buy the same number of each. determine the price of bow ties and the price of dress shirts before he decides how many of each to buy. question at position 11 11 1 point
Consequently, in order to get the maximum utilization of your dress shirts and bow ties, Kyle should determine the price of bow ties and the price of dress shirts before he decides how many of each to buy.
What degree of utility is the highest?The idea behind utility maximisation is that people and organisations should aim to get the most happiness possible out of their financial choices. The degree to which an individual's fulfilment is realised is measured by utility function.
What is the economic definition of utility?Utility in economics refers to the degrees of satisfaction that customers have after purchasing and using a good or service. According to utility theory, people base their purchasing choices on how satisfied they are with a good or service.
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FILL IN THE BLANK. the overall aim of a ___ is to avoid seeking goals that are unrealistic, unprofitable, or unachievable.
A SWOT (Strength, Weakness, Opportunities, and Threats) analysis is a tool used to identify strengths, weaknesses, opportunities, and threats.
What sort of project would you consider discretionary?A few examples of discretionary projects include general plan amendments, zone changes, subdivisions, conditional use permits, and plot plans.
What is a common method for examining causes and effects?
Fishbone cause-and-effect diagram. Making a Fishbone diagram, also known as an Ishikawa diagram, is another typical method for visually mapping cause and effect. By pushing us to explore the branching paths to potential reasons until we arrive at the correct one, this can assist find potential causes for a problem.
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You have conducted a risk analysis to protect a key company asset. You identify the following values: Asset value = 2400 Exposure factor = 75 Annualized Rate of Occurrence = 25 What is the Annualized Loss Expectancy(ALE)?
The Annualized Loss Expectancy (ALE) is the expected loss from a given risk over one year which is 450000.
To calculate the ALE for a particular risk, the following formula is used: ALE = Asset Value×Exposure Factor ×Annualized Rate of Occurrence. In this example, the ALE calculation would be
ALE = 2400 × 75 ×25 = 450,000.
This means that the expected loss from this risk over one year is 450,000. This calculation is a useful tool for determining the potential financial impact of a particular risk and can help inform decisions about how to best mitigate or manage that risk.
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which of the following business types has the advantage of limited liability and no additional business income tax? multiple choice
A corporation is an attractive option for many business owners due to its limited liability and no additional business income tax.
This means that business owners are not personally liable for any of the debts or obligations of the corporation. Furthermore, the corporation itself pays taxes on its income, allowing business owners to keep more of their profits.
Corporations can also raise capital by selling stock, which can be used to finance business operations. Additionally, corporations can have multiple owners, and their ownership can be divided into fractions of stock, making it easier to find investors.
Moreover, corporations are able to take advantage of certain deductions, reducing their taxes and helping them save money. This benefit is especially important for businesses, as it can save them a significant amount of money in taxes.
Overall, corporations have a number of advantages that make them an attractive option for business owners. They provide limited liability and no additional business income tax, the ability to raise capital, and the ability to deduct certain expenses in order to reduce their taxes.
Complete Question:
Which Of The Following Business Types Has The Advantage Of Limited Liability And No Additional Business Income Tax?
A. Corporation
B. General partnership
C. Limited liability company
D. Sole proprietorship
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the below represent various transactions pertaining to a municipality that uses encumbrance accounting. for each of the municipality's transactions, select the appropriate recording of the transaction. a method of recording the transactions may be selected once, more than once, or not at all.
Municipal accounting is a department of the accounting subject which focuses on accounting services for municipalities such as town governments.
This kind of accounting can be carried out through a certified public accountant (CPA) who may additionally have pursued extra education in the region of municipal accounting.
What structure of accounting is used by means of municipalities?modified accrual accounting
Current practice in municipal accounting is referred to as “modified accrual accounting.” This is a hybrid strategy of accrual accounting for present day operations, or Revenue Fund activities.
A municipality can generate its own profits via property rates, carrier charges and fines. Property quotes are sourced from owners of land, homes, buildings or businesses. The amounts levied by way of municipalities for property rates are normally based totally on the value of the property.
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https://brainly.com/question/1016861#SPJ4which of the following concepts of cash is not appropriate to use in preparing the statement of cash flows?\
Cash and us treasury bond concepts of cash is not appropriate to use in preparing the statement of cash flows.
What are Treasury Bonds used for?Treasury bonds (sometimes known as T-bonds) are U.S. Federal Government debt securities with maturities longer than 20 years. T-bonds accrue interest on a periodic basis until maturity, at which time the owner is additionally compensated with the principle amount.
Are Treasury bonds a wise financial decision?Since they are completely guaranteed by the U.S. government, Treasury bonds are regarded as low-risk investments that are typically risk-free when held to maturity. Treasury bonds yield less than higher-risk investments like equities.
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It is New Year's Eve 2020 and you and your friend are discussing your expectations about the return on the S&P 500 over the next 12 months. Your friend is certain that the S&P 500 will earn an annual return of 13.3% in 2021, but you are somewhat more uncertain. You tell your friend that your expectations regarding the stock market are as follows:
What is your expected return for the S&P 500 in 2021?
14.5% is your expected return in stock market for the S&P 500 in 2021.So correct answer for given question is 14.5%.
What is the stock market?A stock market, equity market, or share market is the collection of buyers and sellers of stocks, which reflect ownership claims on companies; these stocks may include securities listed on a public stock exchange.
S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are the three indices that are most often watched in the United States.
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Units consumed Total utility Marginal utility
0 0 1 W 20
2 35 X
3 Y 10
4 40 Z
The value for Y is:
A) 25.
B) 30.
C) 40.
D) 45.
Using the marginal utility, we know that the value of Y in the given situation is (D) 45.
What is Marginal Utility?Utility in economics refers to the pleasure or advantage obtained from using a thing.
A good or service's marginal utility quantifies how much pleasure or satisfaction consumers experience as a result of increasing or decreasing their usage by one unit.
Three different kinds of marginal utility exist.
They have a marginal utility that is positive, negative, or zero.
For instance, if you enjoy eating pizza, having a second slice makes you feel better than having just one.
It implies that you will have a positive marginal benefit from eating pizza.
So, for the value of Y:
Y = 20 + 15 + 10 = 45 units
Therefore, using the marginal utility, we know that the value of Y in the given situation is (D) 45.
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Atleast 1500 Words, Double Spaced, Discuss Some Strategies To Promote Or Advance Business Online Utilizing Digital Marketing Or Computerized Showcasing
1. Optimize your website for search engine optimization (SEO). By using SEO techniques, you can increase your website's visibility on search engines and attract more potential customers.
2. Take advantage of social media marketing. Social media platforms like Fac/ebook, Twitt/er, Inst/diagram, and Link/edIn are great channels to reach new customers and build relationships with existing ones.
What are Strategies To Promote Or Advance Business Online Utilizing Digital Marketing?3. Take advantage of Pay-per-Click (PPC) advertising. PPC is a great way to target specific audiences and generate leads.
4. Utilize email marketing. This is an effective method to reach customers, build relationships, and increase sales.
5. Utilize content marketing. Content marketing is a great way to inform customers, build relationships, and drive conversions.
6. Incorporate video marketing. Videos are a great way to demonstrate products and services, engage customers, and boost conversions.
7. Utilize influencer marketing. Influencers can help spread the word about your business and products, and can be a great way to reach new audiences.
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nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms. these firms paid a royalty to nintendo for each copy of the game sold. this is an example of nintendo using ____ products
these firms paid a royalty to nintendo for each copy of the game sold. this is an example of nintendo using complement products.
Anything you offer to fulfil a customer's need or desire is a product. They might be real or imaginary. Physical items come in both durable and nondurable varieties. Whatever their formal position inside the organisation, the individual who is ultimately in charge of defining the product is the product manager or product strategist. Unlike the primary product or service being produced, a by-product is a secondary product that results from a manufacturing process, production process, or chemical reaction. Product identification labels, which often include an identifying number or barcode, are necessary for product traceability. For the purpose of batch or item identification, identification labels may be utilised. To do this, a range of labelling technologies are at your disposal.
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TRUE OR FALSE marginal utility theory changed the production boundary because whatever commanded a price had a place within the productive boundary and had value.
False. Marginal Utility Theory changed the production boundary because whatever commanded a price had a place within the productive boundary and had value.
Marginal utility is the additional fulfillment that a purchaser gets from having another unit of a decent or administration. The idea of Marginal utility is utilized by financial experts to decide the amount of a thing buyers will buy.
Positive Marginal utility happens when the utilization of an extra thing expands the absolute utility. Then again, negative negligible utility happens when the utilization of another unit diminishes the general utility. Business analysts utilize the possibility of minimal utility to measure what fulfillment levels mean for buyer choices. Financial specialists have likewise recognized an idea known as the law of lessening negligible utility. It portrays how the principal unit of utilization of a decent or administration conveys more utility than later units.
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T/F mutually exclusive and collectively exhaustive events contain all outcomes of a sample space, and they do not share any common outcomes.
True. This statement applies to the fact that mutually exclusive and collectively exhaustive events include all outcomes in the sample space and have no common outcome.
Social exclusion, also known as social marginalization, represents social disadvantage and descent into the margins of society.
A term widely used in Europe, originally used in France in the late 20th century. It is used in various fields such as education, sociology, psychology, politics, and business.
Social exclusion is the process by which an individual is denied access to certain rights, opportunities and resources normally available to members of another group and essential for social inclusion and respect for human rights within that group.
As a result of social exclusion, disadvantaged people and groups are denied full participation in economic life.
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assume that (a) the price level is flexible upward but not downward and (b) the economy is currently operating at its full-employment output. other things equal, how will each of the following affect the equilibrium price level and equilibrium level of real output in the short run?
Because the price level is assumed to be adjustable upward but not downward, prices can rise in reaction to changes in demand but cannot fall in response to changes in supply.
When the economy is at full employment, all resources, including labor and capital, are being used efficiently, and no further production can be created without raising expenses. Given these assumptions, the following have the following short-run impacts on the equilibrium price level and the equilibrium level of real output Increase in aggregate demand: An increase in aggregate demand will result in higher prices in the near run as companies raise their pricing in response to the increased demand. The rise in demand will raise the level.
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FILL THE BLANK As utility companies tend to serve a whole market exclusively, they are known as a ___ because the governments involved believe that the product or service would not be supplied otherwise
As utility companies tend to serve a whole market exclusively, they are known as a natural monopoly because the governments involved believe that the product or service would not be supplied otherwise.
What is natural monopoly?A natural monopoly exists in a given market if only one company can serve it more affordably than any combination of two or more. A natural monopoly is a monopoly in an industry where high infrastructure costs and other entry obstacles in relation to the size of the market provide the largest supplier in the sector, frequently the first supplier in a market, a significant competitive advantage. Natural market forces give birth to a certain type of monopoly known as a "natural monopoly." Economies of scale relative to market size are frequently created in sectors where capital costs predominate. Public utilities like electricity and water services are examples of natural monopolies.To learn more about monopoly refer to:
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Is Uber well positioned to be a dominant player in this market? What resources will it need to be successful?
Undoubtedly, Uber is well-positioned to dominate market. Drivers and vehicles would have been necessary resources for it to succeed.
A dominant market position is defined as what?A company has a dominant position if it can conduct business in the market without fully considering how its rivals or customers would respond.
Describe some instances of market domination.An organisation will take into account the market leader, market follower, market nicher, and market challenger sorts of market dominance strategies. The industry's market leader is in dominance.
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