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3 years ago

Which answer is an example of a market?

Business

1 answer:

Kobotan [32]3 years ago

4 0

Answer:

the answer is "a garage sale sign"

Explanation:

to qualify any place or an space (as in online markets) as a market, the willingness of the sellers to sell is important. and the willingness of the buyers and the purchasing power.

in this question, a sign stating "garage sale" is a display of the seller's willingness to sell. also, it is an invitation for potential buyers.

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Competitive advantage __________. Question 2 options: information collected from multiple sources, such as suppliers, customers,

Alekssandra [29.7K]

Answer:

is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.

5 0

3 years ago

Charlie Chairs Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materi

yan [13]

Answer: $3,250

Explanation:

DATA FOR DEPARTMENT A for February 2015 are:

WIP, beginning inventory, 40% completed 200 units

Units started during February 800 units

WIP, ending inventory, 50% completed 100 units

COST FOR DEPARTMENT A for Feburary 2015 are:

WIP, beginning inventory:

Direct Materials $150,000

Conversion Costs 200,000

Direct Materials costs added during February 600,000

Conversion costs added during February 425,000

THE UNIT COST PER EQUIVALENT UNIT of beginning inventory in Department A is:

---------------------------------mat----conv--------total

No of physical unit-----200 - - 200

% completed - - - - - - -100% - -40%

Equivalent unit Beg.

Inventory - - - - - - - - - 200------ 80

Total cost of Beg.

Inventory - - - - - -150,000--- 200,000

Cost per equivalent

Unit - - - - - - - - - - - $750 - - - - $2500 - - $3,250

7 0

3 years ago

You are trying to decide how much to save for retirement. Assume you plan to save $ 6,500 per year with the first investment mad

Anastasy [175]

Answer:

a. How much will you have in your retirement account on the day you retire?

we must calculate the future value of an annuity:

future value = annuity payment x {[(1 + r)ⁿ - 1] / r} = $6,500 x {[(1 + 0.065)⁴² - 1] / 0.065} = $1,308,262.21

b. If, instead of investing $ 6,500 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be?

future value of lump sum = lump sum x (1 + r)ⁿ

$1,308,262.21 = lump sum x (1 + 0.065)⁴²

lump sum = $1,308,262.21 / (1 + 0.065)⁴² = $1,308,262.21 / 14.08262214 = $92,899.05

c. If you hope to live for 26 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th withdrawal (assume your savings will continue to earn 11.0% in retirement)?

present value of an annuity = annuity payment x {[1 - 1/(1 + r)ⁿ ] / r}

annuity payment = $1,308,262.21 / {[1 - 1/(1 + r)ⁿ ] / r} = $1,308,262.21 / {[1 - 1/(1 + 0.11)²⁶ ] / 0.11} = $1,308,262.21 / 8.48806 = $154,129.74

6 0

3 years ago

Swifty Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product A

Degger [83]

Answer:

Product A = 1.50

Product B = 2

Product C = 1.50

Explanation:

Contribution margin = (price - variable cost) / total number of hours

Product A = ($9 - $6) / 2 = 1.50

Product B = ($14 - $12) / 1 = 2

Product C = ($18 - $15) / 2 = 1.50

Product B would be produced because its contribution margin is the highest

8 0

3 years ago

The federal organization charged with monitoring illegal workplace discrimination is called the: select one:

TEA [102]

<span>The federal organization charged with monitoring illegal workplace discrimination is called the equal employment opportunity commission (EEOC).

When you are applying for a job or working for a company it is illegal for them to not pick you of something based on what you look like or your gender, nationality and the characteristics that make you, you. Each person regardless of what they look like have to be treated the same and given equal employment opportunity. If there is known discrimination in the workplace, there is a hotline that employees can call to report their workplace to the EEOC.
</span>

7 0

4 years ago