Answer:
Time Series Analysis, Regression Analysis
Explanation:
Time Series Analysis is used for forecasting future sales. Time series analysis uses the past data to incorporate past trends to make a forecast that truly representative of the population choosed. Whereas on the other hand, Regression Analysis is used to check to what extent a variable is correlated to the other. Regression analysis tells if one variable changes then what the effect on the other variable will be due to this change.
Answer:
$537,000
Explanation:
The computation of net income for 2021 using full costing is shown below:-
Net income = Sales - Cost of goods sold - Selling and administrative expenses
= (1,200 × 1,200) - (((1,200 × (350 + 220 + 20)) + 112,000) - ((1,200 × 20) + 35,000)
= $1,440,000 - $844,000 - $59,000
= $537,000
So, for computing the net income we simply applied the above formula.
A producers profits are maximized when marginal costs are equal to marginal revenue.
Answer:
Four of the concepts are external decision makers and the other four are internal decision makers.
Explanation:
a. customer E
b. pany manager I
c. Internal Revenue Service I
d. lender E
e. investor E
f. controller I
g. cost accountant I
h. SEC E
Answer:
The CEO concluded that the youth market segment was not being served and for that reason he decided to fill that niche in the business by creating a business plan that took it into account.
Explanation:
A market niche is a marketing term used to refer to a portion of a market segment in which individuals possess homogeneous characteristics and needs, and the latter are not entirely covered by the general market offer.
The market niche is based on recognizing in the segmentation a new business opportunity arising from unsatisfied needs and then being economically exploited by a company, but it may also be because there are not enough companies to supply that need. As for a niche market we must understand certain basic things to be able to have a fruitful activity, one of those is that this must be broad enough to derive a business from it and another aspect to consider is that we must know if there is something competition, the latter is not necessarily something negative since we will know that there is already a public and therefore a demand.
