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3 years ago

Explain what is meant by market research.

Business

1 answer:

Lelu [443]3 years ago

5 0

Answer:

Market research is an effective tool to assist your business planning. It is about collecting information that provides an insight into your customers thinking, buying patterns, and location. In addition, market research can also assist you to monitor market trends and keep an eye on what your competition is doing.

Explanation:

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Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before ce

Archy [21]

The complete question is:

Niles, an accountant, certifies several audit reports on Optimal Operational Processes, Inc., Nile's client, knowing that the company intends to use the reports to borrow money from Prime Business Lending Company to buy new equipment. Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before certifying them. Can Niles be held liable to Prime Business?

Answer:

Yes can be held liable

Explanation:

An accountant that certifies audits of a company is expected.to do his due diligence. In this scenario Niles believed that the reports are true without checking them.

This is an act of negligence on Nile's part and he can be held liable for damages resulting from the oversight.

The certified audit report is not only being used by Prime business but other third parties like investors and other stakeholders. Any of these can hold Mike's liable for any misleading information in the audit reports

6 0

3 years ago

When serving apple slices, its important to have which of the following ingredients on hand?

KiRa [710]

It all depends on what you are striving to achieve....but lemon juice will keep the apples from turning brown.

4 0

3 years ago

Read 2 more answers

Dée Trader opens a brokerage account and purchases 400 shares of Internet Dreams at $28 per share. She borrows $3,000 from her b

yawa3891 [41]

Answer and Explanation:

The computation is shown below:-

a. Margin

Equity account = Number of shares × Price per share

= 400 × $28

= $11,200

Margin = Purchase price - Money borrowed from the broker

= $11,200 - $3,000

= $8,200

b. Remaining margin

Equity account = Number of shares × Price per share

= 400 × $18

= $7,200

Total liability = Borrowed amount × 1.12

= $3,000 × 1.12

= $3,360

Remaining margin = Equity value - Liability to the broker

= $7,200 - $3,360

= $3,840

Remaining margin ratio = Remaining margin ÷ Equity value

= $3,840 ÷ $7,200

= 53.33%

c. As per the information maintenance margin requires 30%

No, maintenance margin requires 30% and the remaining martin is 53.33% then it will no margin calls

d. Rate of return

Rate of return = (Return - Initial inventment) ÷ Initial investment

= ($3,840 - $8,200) ÷ $8,200

= -53.17%

5 0

4 years ago

Bramble's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's b

jolli1 [7]

Answer:

$15.51 per Double chocolate almond supreme

Explanation:

Calculate the standard cost for a pound of Mama Fran's double chocolate almond supreme cookies.

1. Standard Material Cost (Ratio Denominator = 10 + 5 + 1 = 16)

Std. Mat Cost = 10 Ounces /16 * $0.80 + 5 Ounces /16* $6 + 1/16* $18

Standard Material Cost = $3.5 per Double chocolate almond supreme

2. Standard Direct Labor Cost

Std. Labor Cost = 1 /60 Hours * $12.7 per Hour + 7/60 Hour * $19 per Hour

Std. Labor Cost = $2.4283 per Double chocolate almond supreme

3. Standard Variable Overhead Cost

Std. Variable OH. Cost = 6/60 Hours * $35.8

Standard Variable overhead cost = $3.58 per Double chocolate almond supreme

4. Standard Fixed Overhead Cost

Std. Fixed Overhead per cake = 6/60 Hours * $60 per Hour

Standard Fixed overhead cost = $6 per Double chocolate almond supreme

Now Standard cost for a pound is calculated as under:

Standard cost for a pound = 2.9375 + 2.4617 + 3.70 + 6

Standard cost for a pound = $15.51 per Double chocolate almond supreme

8 0

4 years ago

Which of the following elements is exclusive to the services marketing mix, and not the traditional marketing mix?a) processb) p

Romashka-Z-Leto [24]

Answer:

a) process

Explanation:

The P's are Product, Pricing, Place, Promotion, People, Process and Physical Evidence and for Traditional Marketing is Product, Pricing, Place and Promotion

7 0

3 years ago

Explain what is meant by market research.​

Explain what is meant by market research.