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4 years ago

Which of the following correctly describes an example of a secondary competitor?

Business

2 answers:

alexandr1967 [171]4 years ago

8 0

Entire quiz answers:

1. A

2. A

3. A

4. A

5. C

6. B

7. B

8. D

9. A

10. A

11. C

12. A

13. B

14. D

15. A

I just now completed the quiz for Unit 4, and those are the answers that are supposed to be correct. I hope this really helps!

Inga [223]4 years ago

6 0

Entrepreneurship Unit 4 quiz:

1) ….life cycle of a product? It helps set expectations about

2) ….three to five years? True

3) ….not necessarily new or unique? The product has a change in production, such as being eco-friendly

4) ….run at a loss in the beginning. True

5) Efficiently managing the purchasing cycle…. Unused inventory takes away from a business’s profits

6) ….definition of marketing? All methods of reaching and attracting potential customers

7) If a business has only one owner… False

8) Why are luxury brands…? Their brands are built more on being unique than being a good deal

9) ….well-established customer base…. False

10) The executive summary is a particularly important… reasons except: It details where the funding for the business will come from

11) ….an example of a secondary competitor? A coffee shop that sells pastries would be a secondary competitor for a bakery that sells pastries, among other products

12) ….offers the best return on investment….? A coupon that cost $200 to print that increases sales during the period it is valid by $500 and a 10 percent increase in returning customers

13) A business plan is helpful…? It helps a business set future goals

14) Why is price not always the most…? All of the above

15) Understanding the target market will…. True

You might be interested in

Sheffield Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 a

Sphinxa [80]

The journal entry to record the purchase of the raw materials by Sheffield Company is as follows:

Debit Purchases $1,031,600

Credit Accounts Payable $1,031,600

To record the purchase of the raw materials in 2021.

The December adjusting entry can be revised with:

Debit Estimated Liability $53,300

Credit Unrealized holding Loss $53,300

To reverse the December 31 adjusting entry.

<h3>What is an unrealized holding loss?</h3>

In this instance, the unrealized holding loss arose from the fact that the market value of the raw materials is less than the purchase amount because of the noncancelable commitment.

Thus, the unrealized holding loss arose as the difference between the market value and the purchase amount.

<h3>Data Analysis:</h3>

Purchases $1,031,600 Accounts Payable $1,031,600

Estimated Liability $53,300 Unrealized holding Loss $53,300

Thus, the entry to record the purchase is a debit to the purchases account and a credit to accounts payable.

Learn more about recording purchases at brainly.com/question/24179237

3 0

2 years ago

Assume that the risk-free rate of interest is 3% and the expected rate of return on the market is 15%. I am buying a firm with a

kondor19780726 [428]

Answer:

The correct solution is "$6,564.01". A further solution is given below.

Explanation:

The given values are:

beta,

= 1.6

market return,

= 15%

cash flow,

= $2,000

risk free rate of interest,

= 3%

Now,

The stock return will be:

= $3+ 1.6\times (15-3)$

= $3+ 1.6\times 12$

= $22.2 \ percent$

The actual worth of the firm will be:

= $\frac{cash \ flow}{rate \ of \ return}$

= $\frac{2000}{22.2 \ percent}$

= $\frac{2000}{0.222}$

= $9,009$

With 0.8 beta, the stock return will be:

= $3+ 0.8\times (15-3)$

= $3+ 0.8\times 12$

= $12.6 \ percent$

So that I'm paying for the firm,

= $\frac{2000}{12.6 \ percent}$

= $\frac{2000}{0.126}$

= $15,573.01$ ($)

Hence,

I'm paying,

= $15,573.01-9,009$

= $6,564.01$ ($)

6 0

3 years ago

A united nations report shows the mean family income for mexican migrants to the united states is $26,580 per year. a floc (farm

AnnyKZ [126]

The test statistic t = t_(n-1) = 5.558457132 is greater than the critical value of t at 25 d.f which is Critical t value at 25 d.f. = 2.787436.

Hence we reject the null hypothesis and conclude that the average income of Mexican migrants to the U.S is not equal to $26,580.

Therefore the information from the sample disagrees with the United Nations report.

We use the follow these steps to arrive at the answer.

Null hypothesis : μ = $26,580

Alternate hypothesis : μ ≠ $26,580

Test : Since sample standard deviation is given, we use the Student's t-test

Level of Significance : 0.01, Two-tailed test

Degrees of freedom (d.f): n-1 d.f = 26-1 = 25

Calculation of test statistic:

The formula for test statistic is

t_(n-1)=(x ̅-μ)/(S/√n)

t_(n-1) = (38,900- 26,580) / (11,054/√26)

t_(n-1) = 12050 / 2167.867758

t_(n-1) = 5.558457132

Critical t value at 25 d.f. = 2.787436

7 0

4 years ago

A command economy features:

Anit [1.1K]

A private companies operating without government interference

Explanation:

6 0

3 years ago

Choose the answer which best describes the relationship between the attribute given for a financial statement account and the li

Darina [25.2K]

Answer:

The correct answer is A

Explanation:

There is a direct relationship among the adequacy of the internal control as well as the ability of the auditor to rely on the procedures of the substantive analytical. When the entity does not have the efficient internal controls, then the auditor will rely on the procedures.

There is an inverse relationship among the RMM ( stated as risk of the material misstatement) as well as the ability of the auditor to rely on the procedures. And high RMM states that the internal control cannot be relied on to detect the material misstatement on the financial statements, which cause the auditor to rely on the tests of controls.

And there is a direct relationship among the predictability of the relationships among the data and the ability of the auditor to rely on the procedures. When the relationships are predictable, then the auditor could create a meaningful expectations which cause the procedures to be more efficient in detection of material misstatement.

3 0

3 years ago