Profit-oriented approaches to setting a price to a good are those concerns or strategies that are used in order to determine what the price of a good would be.
There are three types of Profit-oriented pricing approaches and they include:
- <u>Target profit </u>
- <u>Target return-on-sales</u>
- <u>Target return-on-investment pricing.</u>
These are all used to create a balance to the profits made and the cost of a product. However, the return on sales is good because it makes predictions about demand for the product and makes a suitable pricing for the product.
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Answer:
$45,990
Explanation:
The Weighted Average Cost Method, calculates a new Unit Cost with every purchase that is made. This is applicable to perpetual Inventory method. In this case we are required to use the <u>periodic Inventory method</u> (<em>Sheffield does not maintain perpetual inventory records</em>). Thus our Unit Cost is calculated from Inventory available for Sale.
Step 1
<u>Units Available For Sales Calculation :</u>
Opening Balance 9,200
Add Purchases (6,400 + 7,900) 14,300
Units Available for Sale 23,500
Less Units Sold (7700 + 11300) (19,000)
Ending Inventory Units 4,500
Step 2
<em>Unit Cost = Total Cost ÷ Units Available for Sale</em>
= ($89,516 + $65,984 + $84,609) ÷ 23,500
= $10.22
Step 3
<em>Ending Inventory = Units in Stock × Unit Cost</em>
= 4,500 × $10.22
= $45,990
Answer:D) Rational, efficient, ideal organization based on principles of logic.
Explanation:Max Weber was a modern twentieth century Sociologist who proposed the Bereaucracy theory, according to Max Weber, Bereaucracy is the basis for the systematic formation of an organisation and Bereaucracy is designed to ensure efficiency and economic effectiveness is achieved. According to Max Weber, Bereaucracy is an ideal model for management and its administration to bring an organisation's power structure into focus when executing jobs or activities.
Like Max Weber, Tammy shares the same view that Bereaucracy is a Rational, efficient, ideal organization based on principles of logic.
Answer: D.) Both A and B are correct.
Explanation:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.
They can do so via several documents first of which is a single Group A document. These could be Driver's License
, Foreign Passport
, Military ID etc.
Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID
, Check Cashing ID
, Food Stamp ID
, Indian Tribal Card and the like.
This is being done to limit terrorist financing and money laundering so utmost compliance is advised.
Answer:
FALSE
Explanation:
An innovation award was handed out to Air Products and Chemicals Inc. for its standout practices that increased productivity of the company as against the award for staffing as stated in the above statement.
It turns out that the APC(formerly American Productivity and Quality Center) found Air Products and Chemicals Inc. worthy of the innovation award because the company created Innovation teams to manage its intellectuals and also determine which technologies are of value. These innovation teams ensured that its research and development expenses were econoical but also provided results needed.
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