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FinnZ [79.3K]
3 years ago
6

The bargaining leverage of suppliers is greater when: Select one: a. Only a small number of suppliers exist and when it is diffi

cult for industry members to switch to attractive substitutes b. A large number of suppliers exist and when it is easy for industry members to switch to attractive substitutes c. Industry members incur low costs in switching their purchases from one supplier to another d. The supplier industry is composed of a large number of relatively small suppliers
Business
1 answer:
Alchen [17]3 years ago
4 0

Answer:

The correct answer is letter "A": Only a small number of suppliers exist and when it is difficult for industry members to switch to attractive substitutes.

Explanation:

Porter's Five Forces is a study scheme named after Harvard Professor Michael E. Porter (born 1947). It helps managers assess competition within the industry.

  • <em>The first force analyzes the ease of marketplace entry for new participants.   </em>
  • <em>The second factor measures the number and operation of a company's rivals. </em>
  • <em>The third element is the likelihood of a new good or service entering the market that will diminish the sales of existing goods. </em>
  • <em>The four-factor is that industry suppliers have negotiating power. </em>
  • <em>The fifth factor is the bargaining power of customers. </em>

<em>When the suppliers' bargaining power is higher, there are possibly a few of them in the market. The situation gets worse for manufacturers when switching from one supplier to another represents higher costs or when making the change to substitutes carries a high cost as well.</em>

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Peroni Corporation sold a parcel of land valued at $300,000. Its basis in the land was $250,000. For the land, Peroni received $
Reptile [31]

Answer:

Correct option is C.

<u>$25,000, $25,000.</u>

Explanation:

Gross profit on sale = (300,000-250,000)/300,000 = 16.67%

Gain recognized in:

Year 1 = 150,000 * 16.67% = 25,000

Year 2 = 150,000 * 16.67% = 25,000

3 0
3 years ago
Blossom, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
Crazy boy [7]

Answer:

The Journal entry with their narrations shown below:-

Explanation:

The Journal Entry is shown below:-

1. Petty cash Dr, $271

       To Cash $271

(Being establishment of petty cash fund is recorded)

2. Freight-in Expenses(delivery charges) Dr, $76

Supplies expenses Dr, $41

Postage expenses Dr, $49

Loan to employees (Accounts receivable) Dr, $33

Miscellaneous expenses Dr, $52

Cash short and over Dr, $8

         To Cash                              $259

($271 - $12)

(Being disbursement of cash is recorded)

3. Petty cash Dr,  $116

       To cash  $116

(Being increase in petty cash is recorded)

6 0
3 years ago
For each transaction:
stira [4]

Answer:

Elegant Lawns

a. Analysis of transactions using the accounting equation:

1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000

2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000

b. Journal Entries:

Date          Account Titles        Debit        Credit

1. May 15, Assets: Cash         $7,000

Assets: Equipment                $3,000

Equity: Common stock                             $10,000

2.

May 21, Assets: Office supplies $500

Liabilities: Accounts Payable                       $500

3. May 25, Assets: Cash       $4,000

Equity: Service Revenue                          $4,000

4. May 30, Assets: Cash       $1,000

Equity: Service Revenue                          $1,000

c. T-accounts:

Cash

Date          Account Titles        Debit        Credit

1. May 15   Common stock     $7,000

3. May 25, Service revenue    4,000

4. May 30, Service revenue    1,000

Equipment

Date          Account Titles        Debit        Credit

1. May 15   Common stock     $3,000

Office Supplies

Date          Account Titles        Debit        Credit

2. May 21, Accounts Payable $500

Common Stock

Date          Account Titles        Debit        Credit

1. May 15   Cash                                        $7,000

1. May 15   Equipment                                3,000

Accounts Payable

Date          Account Titles        Debit        Credit

2. May 21, Office supplies                         $500

Service Revenue

Date          Account Titles        Debit        Credit

3. May 25, Cash                                       $4,000

4. May 30, Cash                                          1,000

Explanation:

a) Data and Analysis with Accounting Equation:

1. May 15, Assets Cash $7,000 Equipment $3,000 Equity: Common stock $10,000

2. May 21, Assets: Office supplies $500 Liabilities: Accounts Payable $500

3. May 25, Assets: Cash $4,000 Equity: Service Revenue $4,000

4. May 30, Assets: Cash $1,000 Equity: Service Revenue $1,000

8 0
3 years ago
What term tells us how frequently a product is completed?
Annette [7]

It is Cycle Time that tells us how frequently a product is completed.

<h3>What is Cycle time?</h3>

Cycle time is a measurement of how long it takes a company to produce a good or provide a service. Learning how to determine cycle time will help you improve your production processes. This page provides a definition of cycle time, an explanation of its importance, step-by-step directions, and an example to assist you in calculating the cycle time for your company.

Cycle times can point out places where a business might simplify its procedures in order to increase sales and speed up the production of goods. Cycle times can be used to pinpoint the particular problem that might be causing the output to be sluggish.

Consequently, the phrase "cycle time" describes how frequently a product is finished.

Thus, the cycle time term tells us how frequently a product is completed

For more information on<u> cycle time</u>, refer to the following link:

brainly.com/question/15970682

#SPJ4

4 0
1 year ago
Sibila, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is considering
Ahat [919]

Answer:

c. It will increase.

Explanation:

Break even point is the level of activity at which a firm neither makes a profit nor a loss.

<em>Break - even units = Fixed Costs ÷ Contribution per unit </em>

therefore,

<u>Existing break-even point in units :</u>

Break - even units = $16,000 ÷ ($40 - $18) = 727.27 or 728 units

<u>New break-even point in units :</u>

Break - even units = $21,000 ÷ ($40 - $16) = 875 units

Conclusion :

The results show that break-even point in units will increase from 728 units to  875 units as a result of the changes

8 0
3 years ago
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