Which statement about the cost of the options is true?

When an expatriate sent on a foreign assignment begins experiencing feelings of isolation, criticism, stereotyping, and even hos

Mandarinka [93]

Answer: Option (d) is correct.

Explanation:

Culture shock can be referred to as an experience that an individual may have when they move to a cultural environment which is completely different from one they have been accustomed to; it can also be the personal discombobulation an individual feels while experiencing an unaccustomed way of life. One of the most rudimentary causes of this includes a person in foreign environment.

5 0

3 years ago

If a Florida strawberry wholesaler operates in a perfectly competitive market, that wholesaler will have a ________ share of the

vodka [1.7K]

Answer:

small,

standardized

little, if any

Explanation:

A perfectly competitive market form is characterized by the following:

Large number of buyers and sellers: The number of sellers is so large that the output of a single seller is insignificant w.r.t the total industry output.
Homogeneous products: Firms produce exactly similar or homogeneous products w.r.t color, size or attributes.
Free entry and exit: There are no entry barriers so new firms can join the industry while loss making firms exit the industry.
Price takers: Since all sellers offer same products, the price is determined by the interaction of market forces of demand and supply and thus each firm represents a price taker.
Perfect knowledge on part of buyers

In the given case, since the strawberry wholsaler operates in a perfectly competitive market, she will have small and insignificant share of the market which means she cannot influence the price individually.

Also since all sellers sell the same product i.e strawberry, consumers will consider her strawberries to be standardized and there is little scope of advertising.

6 0

4 years ago

Although the ethics codes of the various professional organizations have specific differences, some of the common themes include

malfutka [58]

Although the ethics codes of the various professional organizations have specific differences, some of the common themes include: being interested in the welfare of clients, avoiding harm and exploitation, and protecting client's confidentiality and privacy.

3 0

3 years ago

2017 Sold $1,351,700 of merchandise (that had cost $981,800) on credit, terms n/30. Wrote off $21,500 of uncollectible accounts

Fiesta28 [93]

Answer and Explanation:

The Journal entry is shown below:-

1. Accounts receivable Dr, $1,351,700

To Sales revenue $1,351,700

(Being merchandise on credit is recorded)

Cost of goods sold Dr, $981,800

To Merchandise inventory $981,800

(Being cost of goods sold is recorded)

2. Allowance for Uncollectible accounts Dr, $21,500

To Accounts receivable $21,500

(Being Uncollectible accounts is receivable is recorded)

3. Cash account Dr, $670,400

To Accounts receivable $670,400

(Being cash is recorded)

4. Bad debts expenses Dr, $41,294

To Allowance for uncollectible accounts $41,294

(Being bad debt expenses is recorded)

Working Note

Accounts receivable ($1,351,700 - $21,500 - $670,400) $659,800

Required balance 3% $19,794

Add: Debit balance $21,500

Bad debt expenses $41,294

5. Accounts receivable Dr, $1,586,800

To Sales revenue $1,586,800

(Being merchandise on credit is recorded)

Cost of goods sold Dr, $1,326,300

To Merchandise inventory $1,326,300

(Being cost of goods sold is recorded)

6. Allowance for Uncollectible accounts Dr, $25,300

To Accounts receivable $25,300

(Being uncollectible accounts receivable is recorded)

7. Cash account Dr,$1,182,900

To Accounts receivable $1,182,900

(Being cash is recorded)

8. Bad debts expenses Dr, $36,658

To Allowance for uncollectible accounts $36,658

(Being bad debt expenses is recorded)

Working Note

Accounts receivable-Gross $659,800

Add: Sales $1,586,800

Less: Collections $1,182,900

Less: Amount write off $25,300

Balance $1,038,400

Required balance 3% $31,152

Allowance Balance $19,794

Less: Amount written off $25,300

Debit balance $5,506

Add: Required balance $31,152

Bad debts expenses $36,658

7 0

3 years ago

FedEx offers its customers fast and reliable package delivery. When FedEx customers weigh these benefits against the monetary co

Dahasolnce [82]

Answer:

They are acting upon perceived customer value.

Explanation:

In the field of marketing, perceived customer value can be defined as the clients' assessment of the cost of the product and services weighed against its capacity to live up to their needs and desires, particularly in comparison with it's peers. Marketing experts always attempt to impact customers' apparent perception of an item by depicting the qualities that make it better than the competition. In this way, the marketers alter the customers perceived value.

Perceived customer value usually involves the monetary cost of the product or services. It all comes down to how the customer views the price of that particular product or service weighed against the benefits. In simpler terms, the customer is always deciding if purchasing the product is worthwhile. When the customers feel that the cost doesn't march the benefits, then there are higher chances of the customers not purchasing the product or service, especially if the competition offers a lower cost.

In the case of FedEx customers, they are trying to weigh the benefits against the monetary cost of using the reliable package delivery service. In this way, they are acting upon perceived customer value.

4 0

4 years ago