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3 years ago

How needs and wants are associated with business

1 answer:

3 0

Needs and wants are associated with business because it is the basis of the economy. People have needs to purchase like water and food and people also have wants like a special kind of makeup or speaker. These items fuel the economy and businesses.

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Before introducing the new software, Star Software Inc., conducted benchmark activities to assess how popular the product would

barxatty [35]

Answer: C. Access the current reality

Explanation:Accessing the current reality of a market or product involves conducting certain benchmark activities in other to access or identify the challenges which may hinder the product or market from reaching the intended height. Current reality assessment is a fundamental step in making a product launch as a good reality assessment will pave the way to making success and generating the company's projected revenue from the product. It is an important aspect of the strategic management process as it projects the popularity of the intended product.

3 0

3 years ago

Sue plans to mix peppermints worth $1.20 per lb with chocolates worth $2.40 per lb to get a 40 lb mix that is worth $1.65 per lb

Lunna [17]

Answer:

Each should be used as follows:

Weight of peppermints = X = 25 lb

Weight of Chocolates = Y = 15 lb

Explanation:

Suppose

Weight of peppermints = X

Weight of Chocolates = Y

So According to given condition

X + Y = 40 (Eq. 1)

1.2X + 2.4Y = 1.65*40

1.2X + 2.4Y = 66 (Eq. 2)

By multiplying (Eq. 1) with 1.2 we get

1.2X + 1.2Y = 48 (Eq. 3)

Now by subtracting (Eq. 2) from (Eq. 3)

(1.2X + 1.2Y) - (1.2X + 2.4Y) = 48 - 66

1.2X + 1.2Y - 1.2X - 2.4Y = -18

1.2X - 1.2X + 1.2Y - 2.4Y = -18 (Rearrange)

-1.2Y = -18

1.2Y = 18

Y = 18/1.2

Y = 15

By placing value of Y in (Eq. 1)

X + 15 = 40

X = 40 - 15

X = 25

<u>Check</u>

1.2X + 2.4Y = 66

1.2 (25) + 2.4 (15) = 66

66 = 66

6 0

3 years ago

In a certain country, the labor force is 30 million and the unemployment rate is 5 percent. what is the amount of unemployed ind

meriva

Given the number of the total population who belonged in the work or labor force which is 30 million, and the recorded percentage of those who are unemployed is 5 percent, this means that a number of unemployed individuals in this country is 1,500,000. Hope this helps.

3 0

3 years ago

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit cost

patriot [66]

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

$\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\$

For question 2:

Calculating the ending inventory units:

$= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\$

Calculating the cost for the Ending inventory:

$=1600\ units \times \$16.5\\\\=\$26,400\\\\$

For question 3:

Calculating the absorption costing for the income statement:

Particular Amount

Sales $(38,400\times \$24)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600$

-COGS $(38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$633,600$

Gross profit $\$288,000$

Cost of variable marketing $(\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$46,080$

marketing and administrative costs are fixed $\$130,500$

Net income $\$111,420$

6 0

3 years ago

It’s important to realize that when it comes to distracted driving it is not about bad teens doing bad things, it’s about good t

ValentinkaMS [17]

Answer:

True

Explanation:

The above statement is true as the distracted driving is act of driving along with engaging into certain other activities which leads to the driver's lesser concentration and attention towards the the road and driving.

Since good teens are not supposed to make the poor choices while driving and engage into activities like using phone, texting or reading maps or messages etc.

3 0

3 years ago