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TiliK225 [7]
4 years ago
15

Mike is a sole proprietor who buys, sells and repairs kilns and other equipment used in pottery making. He has an arrangement wi

th K&M, a large equipment maker, to sell K&M's kilns in both his own name and in K&M's name and to receive payments from customers. Mike's relationship with K&M is that of a ________________. Group of answer choices a) Independent contractor b) Special agent c) Broker Factor.
Business
1 answer:
Artyom0805 [142]4 years ago
6 0

Answer:

c) Broker Factor.

Explanation:

A broker factor is an agent that sells goods that are from someone else for a comission and this person takes possession of the products that is selling. Also, a broker factor can make a sell in his/her name and has authorization to receive the money from the sale. Because of this, Mike's relationship with K&M is that of a broker factor.

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Data was collected on the number of television sets in a household, and it was found that the mean was 3.5 and the standard devi
Katyanochek1 [597]

Answer:

C. 2.00

Explanation:

We have been the mean of television sets in a household is 3.5 and the standard deviation was 0.75.

We will use z-score formula to solve our given problem.

z=\frac{x-\mu}{\sigma}, where,

z=\text{z-score},

x=\text{Sample score},

\mu=\text{Mean},

\sigma=\text{Standard deviation}.

Substitute the given values:

z=\frac{5-3.5}{0.75}

z=\frac{1.5}{0.75}

z=2.00

Therefore, the standardized value corresponding to 5 televisions would be 2.00 and option C is the correct choice.

8 0
4 years ago
During the 1990s, one of the dominant firms in the U.S. cigarette industry would raise prices once or twice a year by about 50 c
ahrayia [7]

Answer: price leadership

         

Explanation: Price leadership is a circumstance where one business, typically the dominant one in its market, sets prices that its rivals follow closely.

This business is typically the one with the minimum cost of production, thus being able to outperform the prices charged by any rival who tries to set their prices below the price range of the market leader.

Rivals could increase prices than the cost leader, but this would likely lead to lower share of the market unless rivals were able to distinguish their goods adequately.

Hence from the above we can conclude that the given case depicts price leadership strategy.

3 0
3 years ago
If inflation is anticipated to be 6 percent during the next year, while the real rate of interest for a one-year loan is 5 perce
Talja [164]

Answer:

11%

Explanation:

Nominal interest rate = real interest rate + inflation rate

6% + 5% = 11%

Anticipated Inflation rate is the rate at which it is expected that price levels would rise.

Real interest rate is the rate of interest that has been adjusted for the effects of inflation.

I hope my answer helps you

3 0
4 years ago
Think about an important current event that you may have heard about recently. Describe at least two economic effects that the e
sertanlavr [38]
One is not getting a job and I'm sorry I really don't know
3 0
3 years ago
The Chowning Company manufactures ear buds. The variable cost of each set of ear buds is $0.35. The company incurs monthly fixed
kiruha [24]

If Chowning makes 1,200 sets of ear buds in February, what is the total cost is $10,420.

<h3 /><h3>Total cost</h3>

Using this formula

Total cost = Variable cost + Fixed cost

Where:

Variable cost=(1200×$0.35)=$420

Fixed cost=$10,000

Let plug in the formula

Total cost = (1200×$0.35) +$10,000

Total cost=$420+$10,000

Total cost=$10,420

Inconclusion  If Chowning makes 1,200 sets of ear buds in February, what is the total cost is $10,420.

<h3 />

Learn more about total cost here:brainly.com/question/25109150

3 0
2 years ago
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