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2 years ago

Consumers generally shop and compare on their computers, then purchase with their smartphones.truefalse

1 answer:

6 0

The answer is both false. Based on a survey last May 17-18, 2015, on gallup.com they revealed these comparisons on an article, American's Reliance on their Smartphone vs Computer for Various Tasks. For this survey, the participants used both used the computer and their cell phones.
The respondents reached 74% on spending their time making online purchases on the computer while 11% was on using mobile phones. Furthermore, 62% of the consumers compare prices using the computer on the other hand 21% do this on their cell phones.

The highest cell phone activity falls on social media which is 44% compared with computer use which is 24%. While emails have competitive results between the two having a 1% difference, 39% for cell phones and 40% computers. However, the article can give another variation of answers on this question based on age.

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The Laramie factory runs two departments: the Preparation Department and the Processing Department. The departmental overhead co

Westkost [7]

Answer:

The answer are:

$62.50 per direct labor hour - for preparation department
$33.33 per direct labor hour - for processing department

Explanation:

To calculate the departmental overhead cost per direct labor hour we must divide the total overhead cost over the total amount of direct labor hours.

Preparation department: $25,000 / 400 DLH = $62.50 per DLH

Processing department: $20,000 / 600 DLH = $33.33 per DLH

6 0

2 years ago

EBike, an electronic bicycle manufacturer, has identified two customer segments, one is willing to pay a higher price for a cust

kramer

Solution:

Profit function of customised bicycle customers, P1 = d1*(p1-c)

= (11000-25p1)*(p1-160)

= 11000p1-1760000-25p1^2+4000p1

= -25p1^2+15000p1-1760000

In order to the profit maximizing price, equate the first order derivative of profit function to 0

dP1/dp1 = d(-25p1^2+15000p1-1760000)/dp1 = 0

=> -50p1+15000 = 0

=> p1 = 300

Profit function of price sensitive customers, P2 = d2*(p2-c)

= (11000-45p2)*(p2-160)

= 11000p2-1760000-45p2^2+7200p2

= -45p2^2+18200p2-1760000

In order to the profit maximizing price, equate the first order derivative of profit function to 0

dP2/dp2 = d(-45p2^2+18200p2-1760000)/dp2 = 0

=> -90p2+18200 = 0

=> p2 = 202.22

Price to be charged for customised segment = $ 300

Price to be charged for price sensitive segment = $ 202.22

------------------------------------------------------------

Considering single price, p

Total profit from both segments, P = (d1+d2)*(p-160)

= (11000-25p+11000-45p)*(p-160)

= (22000-70p)*(p-160)

= 22000p-3520000-70p^2+11200p

= -70p^2+33200p-3520000

In order to the profit maximizing price, equate the first order derivative of profit function to 0

dP/dp = d(-70p^2+33200p-3520000)/dp = 0

=> -140p+33200 = 0

=> p2 = 237.14

This is solved by Solver as follows:

[ Find the attachments ]

8 0

2 years ago

The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May

NeTakaya

Answer:

1. Prepare a retained earnings statement.

Net income = $943,400

Retained earning at May 31, 2018 = $3,792,500

2. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000.

Net Total Assets = Stockholder's equity = $4,292,500

Explanation:

1. Prepare a retained earnings statement.

To do this, the income statement is first prepared to obtain the net income as follows:

Clairemont Co.

Income Statement

for the fiscal year ended May 31, 2018

Details $

Sales 11,343,000

Cost of goods sold (7,850,000)

Gross Income 3,493,000

Selling and Distribution expenses:

Sales salaries expense (916,000)

Advertising expense (550,000)

Dep. expense - Store equipment (140,000)

Miscellaneous selling expense (38,000)

Administrative expenses:

Office salaries expense (650,000)

Rent expense (94,000)

Insurance expense (48,000)

Dep. exp - Office equipment (50,000)

Office supplies expense (28,100)

Miscellaneous admin expense (14,500)

Operating income 964,400

Interest expense (21,000)

Net income  943,400 

The retained earning statement can therefore, be stated as follows:

Clairemont Co.

Retained Earnings Statement

for the fiscal year ended May 31, 2018

Details $

Retained earnings at June 1, 2017 2,949,100

Net income for the year 943,400

Dividends (100,000)

Retained earning at May 31, 2018  3,792,500 

2. Prepare a balance sheet, assuming that the current portion of the note payable is $50,000.

Clairemont Co.

Balance sheet

for the fiscal year ended May 31, 2018

Details $ $ 

Fixed Assets

Office equipment 830,000

Accumulated dep.- office equip (550,000) 280,000

Store equipment 3,600,000

Accumulated dep.- store equip (1,820,000) 1,780,000

Net Fixed Assets 2,060,000

Current Assets

Cash 240,000

Accounts receivable 966,000

Inventory 1,690,000

Estimated returns inventory 22,500

Office supplies 13,500

Prepaid insurance 8,000

Total current assets 2,940,000

Current Liabilities

Accounts payable (326,000)

Customer refunds payable (40,000)

Salaries payable (41,500)

Note payable (50,000)

Working Capital 2,482,500

Long-term Liability

Note payable (300,000 - 50,000) (250,000)

Net Total Assets  4,292,500 

Financed by:

Common stock 500,000

Retained earning at May 31, 2018 3,792,500

Stockholder's Equity  4,292,500 

Note:

Since both the Net Total Assets and Stockholder's equity are to $4,292,500, it implies the financial statement is accurately prepared as both as always be equal.

5 0

3 years ago

In June of the current year, Susan’s mother gave her 100 shares of a listed stock. The donor’s basis for this stock, which she b

Ray Of Light [21]

Answer:

$0 No gain No Loss

Explanation:

To compute gain, a donee's basis is the same as the donor's basis, adjusted for gift tax and For computing loss, the lower of the donor's adjusted basis or the FMV of the property is used.

Therefore If the property is later transferred for more than FMV at the date of the gift but for less than the donor's basis at the date of the gift, no gain (loss) is recognized. Therefore, Susan reports neither gain nor loss.

Gain Loss

Amount realized

$3,500 $3,500

Less: basis

(4,000) (3,000)

Therefore Susan’s reportable gain or loss in the current year on the sale of the 100 shares of stock gifted to her shows No gain No loss

3 0

3 years ago

Read 2 more answers

Why is the GDP an important economic measurement?

denis-greek [22]

Answer:

GDP is important because it gives information about the size of the economy and how an economy is forming

Explanation:

5 0

2 years ago

Consumers generally shop and compare on their computers, then purchase with their smartphones.​truefalse

Consumers generally shop and compare on their computers, then purchase with their smartphones.truefalse