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Vlad1618 [11]
3 years ago
14

There are six steps in setting price: (1) identify pricing objectives and constraints; (2) __________; (3) determine cost, volum

e, and profit relationships; (4) select an approximate price level; (5) set list or quoted price; and (6) make special adjustments to the list or quoted price.
Business
1 answer:
gladu [14]3 years ago
5 0
<span>Estimate Demand & Revenue The Six Steps in Pricing Strategy Process 1) Identify Pricing Objectives & Constraints 2) Estimate Demand & Revenue 3) Determine Cost, Volume, & Profit Relationships 4) Select an Approximate Price Level 5) Set List or Quoted Price 6) Make Special Adjustments to list or quoted price</span>
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cost variance Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $2 per lb.) $ 8 per fini
maksim [4K]

Answer:

Total direct materials cost variance is $66,000 and it is favorable.

Explanation:

Actual cost = Actual Quantity × Actual Price

= 300,000  × $1.78

= $534,000

Actual cost with selling price = Actual Quantity  × Selling Price

= 300,000  × $2.00

= $600,000

The total direct materials cost variance is computed as:

Total direct materials cost variance = Actual cost with selling price - Actual Cost

= $600,000 - $534,000

= $66,000

It is favorable.

Working Note:

Actual Price per lbs = $534,000 / 300,000

= $1.78

8 0
3 years ago
Pharoah, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 11.0 percent (semiannual payments). Mana
Delvig [45]

Answer:

Pharaoh will have to pay $1,084.47 for every outstanding bond that it retires.

Explanation:

if the market rate is 9.5%, then the price of outstanding bonds is:

PV of face value = $1,000 / (1 + 4.75%)¹⁴ = $522.21

PV of coupon payments = $55 x 10.22283 (PV annuity factor, 4.5%, 14 periods) = $562.26

market price = $1,084.47

3 0
3 years ago
The main functions of Human Resources Management include _____.
Mnenie [13.5K]

The correct answer is all of the above.

Human Resources Management deals with training, determining compensation and evaluating a potential employee’s promise and effectiveness. Because Human Resources Management deals with all of these things it makes all of the above the correct answer.

4 0
3 years ago
Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect me
Morgarella [4.7K]

Answer:

A. two balance sheets and B. income statement

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and the loss on sale of assets is added whereas the gain on sale of assets is deducted  

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

5 0
3 years ago
Mary has increased her​ __________ skills that now allow her to​ access, interpret,​ summarize, and communicate data more effect
stepladder [879]

Answer:

Mary has increased her data literacy skills that now allow her to​ access, interpret,​ summarize, and communicate data more effectively.

Explanation:

Data analysis is the process by which data is transformed in such a way that useful information can be extracted from it. Data analysis is a key skill that is needed in most business nowadays, for example; financial data can be very crucial in the planning, budgeting and execution of projects. The process of data analysis has been automated to take raw data and produce a result that can be readily consumed easily by humans in the form of charts and graphs. From this end result, conclusions can be drawn by data experts on what the results mean.

Experts in data analysis are therefor needed to adequately access, interpret, summarize and communicate data more effectively. These are skills that need to be learned for better overall quality of the data presentation. In general, the principals are referred to as data literacy skills. Data literacy can be defined as the ability of an individual to extract useful information from raw data.

3 0
3 years ago
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