Once the election to use the LIFO inventory method has been made by a taxpayer, the inventory method may be changed only with the consent of the IRS.
A. True
B. False
Answers
A. True Once a taxpayer has elected to use the LIFO (Last-In, First-Out) inventory method, it becomes a part of their accounting method. As a result, any changes to this method must be approved by the IRS.
This is because changing inventory methods can potentially have a significant impact on a taxpayer's tax liability. For example, changing from LIFO to FIFO (First-In, First-Out) could result in a lower cost of goods sold and higher profits, which would increase the taxpayer's tax liability.To change inventory methods, a taxpayer must submit a request to the IRS and provide a detailed explanation of why the change is necessary. The IRS will then review the request and may require additional information or documentation before granting approval. It is important for taxpayers to be aware of the rules and requirements surrounding inventory methods and to work with a qualified tax professional to ensure compliance with IRS regulations.
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Related Questions
EXPLAIN THE FOLLOWING SITUATION BASED FROM YOUR OBSERVATION.
A. FAMILY LIFE
B.PEACE AND ORDER
C.ENVIRONMENTAL CONDITION
D.POLITICS
E.ECONOMY
F. HEALTH
G. JOBS AND EMPLOYMENT
Answers
Answer:
Explanation:
A. Family life refers to the relationships and dynamics within a family. It includes factors such as communication, love and support, discipline, and responsibilities within the family.
B. Peace and order refers to the level of stability, security, and safety within a community or society. It is maintained through laws, law enforcement, and social norms.
C. Environmental condition refers to the state of the natural surroundings, including air quality, water quality, and the presence of natural resources. It also includes the impact of human activities on the environment.
D. Politics refers to the systems and processes by which a society is governed, including the formation and exercise of power, decision-making, and the distribution of resources.
E. Economy refers to the production, distribution, and consumption of goods and services within a society. It includes factors such as employment, trade, and the level of wealth within a society.
F. Health refers to the physical and mental well-being of individuals and communities. It includes factors such as access to healthcare, nutrition, and hygiene.
G. Jobs and employment refer to the availability and conditions of work within a society. It includes factors such as the unemployment rate, the types of jobs available, and the wages and benefits offered by employers.
uppose the marginal product of labor is 8 and the marginal product of capital is 2. if the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use:
Answers
To minimize costs, a firm should equate the marginal rate of technical substitution (MRTS) to the relative factor prices.
What's MRTSThe MRTS is the ratio of the marginal product of labor (MPL) to the marginal product of capital (MPK).
In this case, MPL is 8 and MPK is 2.
Thus, the MRTS is 8/2 = 4.
The relative factor prices are the ratio of the wage rate to the price of capital.
The wage rate is $4 and the price of capital is $2, so the ratio is 4/2 = 2.
Since the MRTS (4) is greater than the relative factor prices (2), the firm should use more labor and less capital in order to minimize costs.
By doing so, the firm can take advantage of the higher productivity of labor compared to capital, while keeping costs lower due to the relative prices of these factors.
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Explain how savers would respond if the interest rate on savings accounts increased. Would they increase or decrease their amount of savings? What about borrowers? Would they increase or decrease their amount of borrowing if the interest rate on loans increased? Explain why.
Answers
Answer:
1. Savers increase their savings as interest rate increases
2. Borrowers decrease their borrowing as interest rate on loans increases
Explanation:
1.
Interest rates are a great determinant of what those who save money get on their deposits. When interest rate increases, people tend to save more so as to earn more interest on their deposits. So it encourages savings. Therefore as interest rate increases savers would increase their amount of savings.
2.
For borrowers, more interest rate on loan amount discourages borrowing. More interest rate means that they would have to pay back more money on the loan amount they borrowed. This implies a rise in the cost of borrowing. So the borrower decreases the amount of borrowing if interest rate on loan increases.
What is interest rate?
Interest rate is an amount charged by a lender to a borrower for any form of debt given, generally expressed as a percentage of the principal.
Interest rate to savers
Higher interest rate encourages savings. When interest rate increases, people tend to save more so as to earn more interest on their deposits.
The above means that savers will increase their amount in savings if the interest rate on savings accounts increases.
Interest rate to borrowers
Higher interest rate discourages lenders from borrowing more. More interest rate means that they would have to pay back more money on the loan amount they borrowed.
It therefore means that borrowers will decrease the amounts of borrowing if the interest rate on loans increases.
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anybody can help with this too ??
Answers
Answer:
1. The three types of business mentioned are – Manufacturing, Retail store and School
2. She means that whenever there is loss both Ashley’s father and aunt get tensed.
3. They sell their product on sale to increase the revenue
4. Sale is better than having no sale at all as it caters the immediate financial requirement without ant further invetsment
Explanation:
1. The three types of business mentioned are – Manufacturing, Retail store and School
2. She means that whenever there is loss both Ashley’s father and aunt get tensed.
3. They sell their product on sale to increase the revenue
4. Sale is better than having no sale at all as it caters the immediate financial requirement without ant further invetsment
state two goals you hope to achieve through applying your coursework this term to your workplace experience. (50 – 100 words)
Answers
In general, two goals that someone might hope to achieve through applying their coursework to their workplace experience could be professional development and improved efficiency.
1. Improved efficiency and productivity: By applying the knowledge and skills gained through coursework to their workplace, an individual may be able to identify areas where processes can be streamlined or improved, leading to increased efficiency and productivity.
2. Professional development: Applying coursework to real-world situations can provide valuable experience and skills that can contribute to an individual's professional development. This can lead to career advancement opportunities and a greater sense of job satisfaction.
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You are a vendor representative with a new line of fashion watches showing it to a new buyer. The costume jewelry buyer says she would like to buy the line but has too many lines of fashion watches in her assortment already that are not selling. She continues to complain that her worst-selling brand of watches will not help her out with any markdown allowances or take any of the merchandise back. She states that she is no longer buying any more merchandise from this line and will have to wait until it sells before she can bring in a new line of watches. What might you suggest or negotiate?
Answers
Answer:
Doing a buyback
Explanation:
Answer:
Since She states that she will no longer buy any more merchandise from this line and she will have to wait until it sells before she can bring in a new line of watches what i would or might you suggest or negotiate is for her to do a BUYBACK.
Therefore BUYBACK can be seen as something or item that have been repurchased due to some unresolved issues that has been reported by the initial owner but has since been resolved and it can as well mean an agreement to buy something in return.
Lastly BUYBACK can tend to be a sale whereby something that is been sold is repurchased from the buyer by either the seller or the initial owner.
Name: ___________________________________________ Date: _________
FEDERAL INCOME TAX ONLINE ACTIVITY – During this lesson, you viewed many websites helpful for understanding and completing your income taxes. Now find another website with tax information and identify its features. Complete the following worksheet and submit it to your instructor.
Website address: __________________________________________________________________
Name of site: __________________________________________________________________
Author(s) or Publisher(s): _____________________________________________________________
How you found the site: ______________________________________________________________
__________________________________________________________________
Four useful features of the site:
A.________________________________________________________________
B.________________________________________________________________
C.________________________________________________________________
D.________________________________________________________________
Two things you learned about taxes from this site that you didn’t know before:
A.________________________________________________________________
B.________________________________________________________________
Do you think this is a trustworthy site? Why or why not?
__________________________________________________________________
__________________________________________________________________
Two suggestions for changes to this website that would make it better:
A.________________________________________________________________
B.________________________________________________________________
Answers
In order to find another website with tax information and identify its features, do the following:
What can be done to get a tax information?1. Look for government websites: The IRS website is a good place to start for information on federal income taxes. You can also check state government websites for information on state income taxes.
2. Check reputable news sources: Major news outlets such as CNN, CNBC, and Forbes often have articles on tax-related topics. These articles are typically written by experts in the field and are a good source of information.
3. Consult tax professionals: If you have a tax accountant or financial advisor, they may be able to recommend a reliable website for tax information.
Once you have found a website, use the worksheet provided to evaluate its features and determine its reliability.
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2. What do you think Alana's goals should be?
Answers
I think Alana's goal should be to create a budget that will make her save enough money to pay for all expenses.
What's plutocrat? Plutocrat is any item or empirical record that's generally accepted as payment for goods and services and prepayment of debts, similar as levies, in a particular country or socio- profitable environment.The primary functions which distinguish plutocrat are as a medium of exchange, a unit of account, a store of value and occasionally, a standard of remitted payment. What's significance of plutocrat? Plutocrat can not buy happiness, but it can buy security and safety for you and your loved bones. Mortal beings need plutocrat to pay for all the effects that make your life possible, similar as sanctum, food, healthcare bills, and a good educationLearn more about money here:
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Sam has take-home pay every month of $800. He anticipates that his expenses will add up to $675 for the month. In a zero-based budget, why is it important that she put the extra $125 in SOME budget category?
Answers
Answer:
see below
Explanation:
The Zero-based budgeting technique assumes there will be no balance bought forward nor balance carried forward. Budget preparation for a particular period must start from zero or scratch. Each expense must be on merit. Income and expenses must match. In the zero-based budget, the difference between income and expenditure must be zero.
If Sam has an income of $800 and expenses of $675, she has to re-work her costs again to ensure they match her income. The zero-based budget demands she draws her expenses list again and comes up with a way of spending the $125 difference.
A U.S. dollar-denominated bond sold in the United States by a Japanese-firm is called a(n): A. Yankee bond. B. Homeland bond. C. International bond.D. Euroyen bond
E. Foreign bond.
Answers
The correct answer to the question is A. Yankee bond. A Yankee bond is a U.S. dollar-denominated bond sold in the United States by a foreign entity, usually a non-U.S. corporation or government. It is also known as a foreign bond or a dollar bond.
The term "Yankee bond" originated in the 1920s when U.S. companies began issuing bonds in the European market. In response, foreign companies started issuing bonds in the U.S. market, and the term "Yankee bond" was coined to refer to these bonds.
Yankee bonds offer several benefits to foreign issuers. They allow foreign entities to raise capital in the U.S. market and to take advantage of the deep and liquid U.S. bond market. Yankee bonds also provide issuers with access to a diverse group of U.S. investors, which can help to diversify their funding sources.
In addition, Yankee bonds can provide a hedge against currency risk, as the bond is denominated in U.S. dollars. This can be particularly attractive to foreign issuers who have revenues and expenses denominated in different currencies.
In summary, a U.S. dollar-denominated bond sold in the United States by a Japanese-firm is called a Yankee bond. Yankee bonds are a popular way for foreign entities to raise capital in the U.S. market and to diversify their funding sources.
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Los conceptos de "fidelidad" y "vinculación" con la empresa:
Seleccione una:
a. No son idénticos pero son intercambiables. B. Son idénticos. C. No se aplican a clientes. D. Son diferentes y no reconocer esa diferencia puede inducir a error
Answers
La fidelidad y la vinculación son dos conceptos distintos aunque relacionados en el contexto de los clientes y las empresas.
La fidelidad se refiere a la tendencia de los clientes a seguir comprando los productos o servicios de una empresa en particular, mientras que la vinculación se refiere a la conexión emocional que los clientes pueden tener con una empresa, incluyendo aspectos como la identificación con los valores de la empresa o su imagen de marca. Es importante reconocer la diferencia entre estos dos conceptos ya que cada uno requiere estrategias y enfoques específicos para mantener o mejorar su nivel. La fidelidad se puede fomentar a través de la satisfacción del cliente y la calidad del producto, mientras que la vinculación puede requerir un enfoque más profundo en los valores y la identidad de la marca.
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Assume that you are the Scrum Master for a project being executed using Agile Scrum methodology. The project is planned to be executed in 6 sprints of 4 weeks each. You are currently in the Sprint Planning stage for the first sprint. What are the possible risks you would identify? List any five significant risks. What are the possible mitigation actions you would plan for each of those identified risks? [6 marks] Options
Answers
As the Scrum Master for a project that is being executed using Agile Scrum methodology, here are the possible risks that could be identified during the Sprint Planning stage for the first sprint:1. Scope Creep: This could happen if there is a constant change in requirements during the sprint. Mitigation: Scope creep can be mitigated by closely monitoring changes and ensuring that they are properly managed. The scrum master can work with the product owner to prioritize changes so that the most important ones are addressed first.
.2. Unrealistic Timeframes: There is a risk of not completing tasks within the allocated timeframes, which could lead to project delays. Mitigation: Unrealistic timeframes can be mitigated by breaking down tasks into smaller pieces, and estimating more accurately. This can be done by involving the entire team in estimating each task.3. Team Performance: There is a risk of team members not performing to the expected standard. Mitigation: Team performance can be mitigated by identifying the root cause of the issue and finding ways to address it. This could involve training and development, or even reassigning roles.4. Quality of Deliverables: There is a risk of delivering low-quality products. Mitigation: This can be mitigated by involving the product owner and stakeholders in the review of each deliverable. Regular feedback can be solicited to ensure that the quality of the deliverables is high.5. Dependencies: There is a risk of dependencies that could impact the sprint. Mitigation: Dependencies can be mitigated by closely monitoring them, and working with the necessary stakeholders to ensure that they are addressed promptly.
The mitigation actions that can be planned for each of the identified risks include closely monitoring, working with stakeholders, involving the product owner and stakeholders, breaking down tasks, estimating more accurately, reassigning roles, training and development, and regular feedback.
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Read the following carefully taking note of the key issues before you attempt the questions. The law of demand is a fundamental concept of market economies. Rational consumers will always buy more of a good they want when the price falls, and less when the price rises. The opposite holds true for the law of supply wherein more is supplied as the price goes up and vice versa. Consequently, a market is in equilibrium when the price and quantity are at a level at which supply equals demand. The quantity that consumers demand is exactly equal to the quantity that producers supply. Total welfare in society is maximized. The demand and supply of masks in Lovingdale is as follows:
At a price of $20, forty three thousand seven hundred and fifty units are demanded but three thousand units are supplied. When the price goes up to $60, thirty one thousand two hundred and fifty units are demanded whilst thirty one thousand two hundred and fifty units are supplied. At a price of $100, eighteen thousand seven and fifty units are demanded and fifty nine thousand five hundred units are supplied. Finally, at a price of $140, six thousand two hundred and fifty units are demanded whilst eighty seven thousand seven hundred and fifty units are supplied. The linear equations for the demand and supply of masks in Lovingdale are given as follows: Qd =50 000-312. 5P and Qs = -11125+706. 25P. Question 1 a) Briefly explain the three reasons behind the law of demand as evidenced by the behaviour of consumers in Lovingdale. [5 marks]
Answers
The three reasons behind the law of demand in Lovingdale are the substitution effect, income effect, and the law of diminishing marginal utility.
1. Substitution Effect: As the price of masks decreases, consumers will substitute away from other alternatives and buy more masks because they are now more affordable. Conversely, as the price of masks increases, consumers will shift to alternatives that are more affordable, thereby reducing their demand for masks.
2. Income Effect: When the price of masks falls, consumers have more purchasing power, as they can buy the same quantity of masks for a lower cost. This increase in purchasing power effectively raises their real income, leading to an increase in the quantity demanded.
Conversely, when the price of masks rises, consumers have less purchasing power, reducing their real income and resulting in a decrease in the quantity demanded.
3. Law of Diminishing Marginal Utility: According to this law, the marginal utility of a good decrease as more units are consumed. As the price of masks decreases, consumers will buy more masks, but each additional mask will provide less additional satisfaction compared to the previous one.
This diminishing satisfaction leads consumers to buy fewer masks as the price increases.
In summary, the law of demand in Lovingdale is driven by the substitution effect, income effect, and the law of diminishing marginal utility, which all contribute to the observed behavior of consumers regarding their demand for masks at different price levels.
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countries with an abundance of natural resources, tend to have less economic growth, less democracy, and worse development outcomes than countries with fewer natural resources (sachs and warner 1995). this is called what?
Answers
The resource curse conjointly referred to as the contradiction of masses or the financial condition contradiction, is the development of nations with an associated abundance of natural resources (such as fossil fuels and bound minerals) having a less economical process, less democracy, or worse development outcomes than countries with fewer natural resources.
The resource curse may be an incomprehensible state of affairs during which countries with abundant non-renewable natural resources expertise stagnant economic processes or maybe economic contraction.
Natural resources have a double-edge result on the economic process; in this, the intensity of their use raises output but will increase its depletion rate. Natural resources may be a key input within the production method that stimulates the economic process.
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compare coach bentz in last minure larry to MR. Griffin in the show must go on how are they alike? how are they different? use details from the text in your answer.
Answers
The project manager wants the percentage of US families that qualify for the earned income tax credit to have a 0.02 margin of error at 90% confidence.
How does a management operate?
Through hiring, firing, and planning departmental operations, the staff administers the department's goals. People who are hired, screened, onboarded, and trained help an employer retain their employees. guarantees compliance and a secure environment for work. provide the opportunity for personal growth. A manager is a qualified individual who directs an organization while supervising a group of workers. Despite the fact that there are many different kinds of managers, most of them are responsible for making decisions and carrying out performance reviews.
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What impact will higher wages have on the labor force participation of women? 
Answers
Young black women with college degrees had the highest lifetime incomes but lower labor force participation rates.
In comparison to men, women have fewer opportunities to make money globally. Women are less likely to actively search for work or do paid labor. Compared to 80% of men, only slightly more than 50% of women in the world work. People's labor force involvement varies depending on demographic parameters such sex, birth year, education, marital status, and the presence of young children at home. Low female labor force participation in India is a complex socioeconomic phenomenon caused by factors like rural-urban migration, patriarchal attitudes, and an imbalance in supply and demand. Wages Increase for Men and Women When More Women Work. based on data from 250 U.S. cities over 30 years. The greatest major economic shift during the previous century was probably the rise of women in the paid employment.
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A $7,000 bond that carries a 3.50% coupon rate payable semi-annually is purchased 7 years before maturity when the yield rate was 5.00% compounded semi-annually.
a. Calculate the purchase price of the bond.
$
Round to the nearest cent
b. What is the amount of discount or premium on the bond?
Round to the nearest cent
Answers
the purchase price of the bond is $6,514.81
the principal of the bond = $7,000
Coupon rate = 3.50% Compounded semi-annually
Yield rate = 5.00% Compounded semi-annually
The formula for the bond pricing is P=C[1−1/(1+r)^n]/r+Fn/(1+r)^n Where, P is the price of the bond, C is the coupon rate, F is the face value of the bond, n is the number of periods, r is the periodic interest rate of the bond
To calculate the purchase price of the bond, we need to calculate all the above values. Here,F = $7,000r = 5%/2 = 2.50% (Semi-annual yield rate)n = 7 × 2 = 14 (Semi-annual period)C = 3.50%/2 = 1.75% (Semi-annual coupon rate) Now, Substitute the values in the formula,
P=C[1−1/(1+r)^n]/r+Fn/(1+r)^n=1.75%×7000[1−1/(1+2.50%)^14]/2.50%+7000/(1+2.50%)^14
P = $6,514.81 (Approx)
Hence, the purchase price of the bond is $6,514.81. Now, we need to calculate the amount of discount or premium on the bond. It can be calculated as follows: Amount of discount or premium on bond = Face value of the bond - Purchase price of the bond
Face value of the bond = $7,000
Amount of discount or premium on bond = $7,000 - $6,514.81
Amount of discount or premium on bond = $485.19. Hence, the amount of discount or premium on the bond is $485.19.
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1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answers
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...
Some businesses avoid risks by doing which of the following
Only doing business online
Purchasing multiple insurance policies
Keeping records of all transactions and customers
Considering market research
Answers
Answer:
Considering market research
Explanation:
To a business, risk is the possibility of incurring substantial financial losses. A business is established to make profits. However, if things don't go as forecast, the possibility of making losses is high. Risk is the chance that the outcome of an investment is not as profitable as
expected.
Identifying, evaluating, and controlling threats to a company's capital and profits is how businesses manage risk. By conducting market research, a company gathers sufficient information to assist in the process of managing risk.
how are value systems like consumerism and social responsibility perpetuated through cultural exchange in a global business context?
Answers
Global businesses can both reflect and shape the value systems of the cultures in which they operate. However, it's important for businesses to consider the potential impact of their actions on local communities and to act responsibly in promoting their products and services.
Value systems like consumerism and social responsibility are perpetuated through cultural exchange in a global business context through content loaded in 100 words or less. Consumers' cultures influence their buying behavior, and cultural exchange allows different value systems to be shared, understood, and applied in different contexts. In addition, global businesses can shape cultural exchange and reinforce certain value systems by promoting their products and services through marketing and advertising. For example, a company that values social responsibility may showcase its eco-friendly products to appeal to consumers who prioritize sustainability. In this way, global businesses can both reflect and shape the value systems of the cultures in which they operate. However, it's important for businesses to consider the potential impact of their actions on local communities and to act responsibly in promoting their products and services.
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(ANSWER PROVIDED) Under what circumstances would it be appropriate and legal to turn down a qualified job candidate based on a disability?
done
A.
When required accommodations would be very expensive or difficult to provide
close
B.
It is never appropriate or legal to turn a job applicant down because of a disability.
C.
When a disability makes it difficult to use a standard telephone
D.
When the disabled individual is either blind or deaf
*
*
ANSWER: A. When required accommodations would be very expensive or difficult to provide
Answers
Under the circumstances that would be appropriate and legal to turn down a qualified job candidate based on a disability is:A. When required accommodations would be very expensive or difficult to provide.
What is disability?Disability occur when a part or some part of a person body is not functioning or not functioning properly. Example of disability is when a person cannot see, cannot hear, cannot walk which inturn tend to make it difficult for the person to engage in some certain activities that non disability people can do.
A qualified job candidate who is disabled may be legally turn down when the employer does not have required capacity to accommodate the person or when the accommodations would be very expensive or difficult to provide.
Therefore the correct option is A.
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Answer: A
Explanation: I j took test
the ________ process responds to customer demand by managing orders, and storing and delivering finished goods.
Answers
The order fulfillment process responds to customer demand by managing orders, and storing and delivering finished goods.
This process begins when a customer places an order for a product. The order is then processed, which includes verifying product availability and preparing the item for shipment. Next, the product is picked from the warehouse and packed, ensuring the correct items and quantities are included.
Once packed, the order is shipped to the customer using an appropriate delivery method. Throughout this entire process, order tracking and communication with the customer are maintained to ensure a smooth and efficient delivery experience. This end-to-end approach ensures customer satisfaction by providing timely and accurate delivery of finished goods.
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what are 3 examples of nonprice factors you have experienced as a consumer?
Answers
The three examples are Taste, Brand Loyalty and Fashion. The nonprice factors are the three given above.
Who is a consumer?A consumer is a person who purchases and consumes the product or service that is offered and served by the business. A business offers a product or service and the consumer analyzes the aspects of that specific product or service and then pays the price for that specific product or service and then consumes it.
The customer is King is a well known saying and is always considered when a product is presented in the market. The consumer choice can be based on different factors and it includes nonprice factors too which includes taste of the consumer, Brand image and loyalty and Fashion prevailing in the market. Price factors are those which are related to price.
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Answer:
The three examples are Taste, Brand Loyalty and Fashion. The nonprice factors are the three given above.
Who is a consumer?
A consumer is a person who purchases and consumes the product or service that is offered and served by the business. A business offers a product or service and the consumer analyzes the aspects of that specific product or service and then pays the price for that specific product or service and then consumes it.
The customer is King is a well known saying and is always considered when a product is presented in the market. The consumer choice can be based on different factors and it includes nonprice factors too which includes taste of the consumer, Brand image and loyalty and Fashion prevailing in the market. Price factors are those which are related to price.
Explanation:
David and karen decide to purchase a $500,000 policy on david and a $500,000 policy on karen. How much would these policies cost if they were $0. 80 per $1,000 of coverage for tina and $0. 75 per $1,000 for david?
Answers
The cost of the policies for David and Karen can be calculated by multiplying the amount of coverage by the cost per $1,000 of coverage.
For David's policy, the cost would be:First, we calculate the cost of David's policy. Divide the coverage amount by $1,000 to get the $1,000 coverage number. For David, this number is 500.
$500,000 / $1,000 = 500
Then, we multiply the number of $1,000 of coverage by the cost per $1,000 of coverage. For David, this figure is $0.75 per $1,000. Therefore, the cost of David's policy is:
500 x $0.75 = $375
For Karen's policy, the cost would be:Now, we calculate the cost of Karen's policy. Divide the coverage amount by $1,000 to get the $1,000 coverage number. For Karen, this number is 500.
$500,000 / $1,000 = 500
Then, we multiply the number of $1,000 of coverage by the cost per $1,000 of coverage. For Karen, this figure is $0.80 per $1,000. Therefore, the cost of Karen's policy is:
500 x $0.80 = $400
Finally, we add up the individual costs of the two policies to get the total cost. The total cost of the policies for David and Karen.
Therefore, the total cost of the policies for David and Karen would be:
$375 + $400 = $775
So, the total cost of the policies for David and Karen is $775.
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what is double entry in financial accounting
Answers
Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
Comparative advantage is the ability to produce: Multiple Choice more of a good than others with a given amount of resources. relatively more than any other good with a given amount of resources. a good or service at a lower opportunity cost than others. more of a good at a lower cost.
Answers
Answer:
a good or service at a lower opportunity cost than others.
Explanation:
A country has a comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example :
there are two countries , A and B
A produces 10 kg of rice and 5 kg of beans.
B produces 5 kg of rice and 10 kg of beans
the opportunity cost of A :
in producing rice = 5/10 = 0.5
In producing beans = 10/5 = 2
the opportunity cost of B :
in producing rice = 10/5 = 2
In producing beans = 5/10 = 0.5
A has a lower opportunity cost and a comparative advantage in the production of rice.
B has a lower opportunity cost and a comparative advantage in the production of beans.
How much is an annual interest percentage rate if he unpay balance is less than $500?
Answers
The annual interest percentage rate (APR) for an unpaid balance under $500 would depend on the terms and conditions set by the lending institution or credit card issuer.
To answer your question, we need more information about the specific interest rate policy or the financial institution involved. The annual interest percentage rate (APR) for an unpaid balance under $500 would depend on various factors, such as the type of credit account, the creditworthiness of the borrower, and the lender's policies.
For example, credit cards may have different APRs for unpaid balances, and they may also have promotional offers or introductory rates that can affect the interest charged. Some lenders may also offer lower interest rates to borrowers with good credit scores or other qualifications. Therefore, without more information about the specific loan or credit account, it is difficult to provide an accurate answer to this question.
The answer is general as the question is incomplete. Next, please provide more details or context to help me provide you with an accurate answer.
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Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
Answers
this would not be an informed purchase
Karen works in a department store. Her coworkers have diverse cultural backgrounds. Which statement shows that Karen understands the importance of multiculturalism?
A.
She values a consistent focus on knowing and completing her daily tasks.
B.
She expects everyone to conform to the same ideas about punctuality.
C.
She appreciates how other perspectives enhance customers’ shopping experiences.
D.
She values completing a job on schedule more than taking time to build relationships.
Answers
A.
She values a consistent focus on knowing and completing her daily tasks.Answer:
Explanation:
Under what type of marketing situation does kliptech operate?
Answers
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
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