Notes receivable are typically only used when a company sells large dollar value items (such as cars).

Doodle Corporation, a manufacturer of safety pins, decided that the company had to increase the awareness of its glow-in-the-dar

kow [346]

Answer:

Objective and task budgeting method

Explanation:

The objective and task method refers to a budgeting method where a business allocates a certain marketing budget in order to achieve specific objectives, instead of simply allocating a marketing budget based on percentage of sales revenues.

Doodle set its specific goals:

increase the sales of its basic steel pins by 10%
increase the awareness of its glow-in-the-dark pins

And then it allocated $1.5 million for marketing expenses.

8 0

3 years ago

Characteristics of competitive markets

Greeley [361]

Answer:

Explanation:

First scenario: The answer is No, not many sellers. The drug of the pharmaceutical company has patent right and it is the only firm selling this product. This makes the company a monopolist (single seller)

Second scenario: No, not an identical product. Cable company and phone company produce different products. Cable companies majorly deal with television access.

Third Scenario: no, not many sellers. One firm is dominating the market and customers prefers this. Its product has been differentiated and it can charge its own price.

Fourth scenario: yes,meets all assumptions. The socks are identical and consumers do not care about the seller because the same utility will be derived from the socks.

7 0

3 years ago

The economy of Baruchville contains 2000 $1 bills. 1. If people hold all money as currency, what is the quantity of money? 2. If

julia-pushkina [17]

Answer:

a) $2000

b) $2000

c) $2000

d) $20000

e) $11000

Explanation:

a) If people hold all money as currency:

Quantity of money = 2000 × $1 bills = $2000

b) If people hold all money as demand deposits and banks maintain 100% reserves:

Quantity of money = 2000 × $1 bills = $2000

c) If people hold equal amounts of currency and demand deposits and banks maintain 100% reserves

Since they are 2000 $1 bills and people hold equal amounts of currency and demand deposits and banks maintain 100% reserves, the 2000 $1 bills would be divided into two parts, one part for demand deposits and the other part for currency.

Therefore, demand deposits = 1000 × $1 bill = $1000

Currency = 1000 × $1 bill = $1000

Quantity of money = Currency + demand deposits = $1000 + $1000 = $2000

d) If people hold all money as demand deposits and banks maintain a reserve ratio of 10%.

Reserve ratio (r) = 10% = 0.1

Since people hold all money as demand deposits:

Therefore, demand deposits = 2000 × $1 bill × 1/r = $2000 × 1/0.1 = $20000

Quantity of money = Demand deposits × 1/r = $2000 × 1/0.1 = $20000

e) . If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 10%

Reserve ratio (r) = 10% = 0.1

Since they are 2000 $1 bills and people hold equal amounts of currency and demand deposits and banks maintain 100% reserves, the 2000 $1 bills would be divided into two parts, one part for demand deposits and the other part for currency.

Therefore, demand deposits = 1000 × $1 bill × 1/r = $1000 × 1/0.1 = $10000

Currency = 1000 × $1 bill = $1000

Quantity of money = Currency + demand deposit = $1000 + $10000 = $11000

6 0

4 years ago

Normative and positive statements

shepuryov [24]

Answer:

1. Breast cancer is the fifth most common cause of cancer death - Positive statement

2. For women aged 60 to 69, breast cancer screening significantly reduces breast cancer mortality - Positive statement

3. Doctors should encourage women aged 60 to 69 to be screened for breast cancer - Normative statement

4. The government should force doctors to encourage women aged 60 to 69 to be screened for breast cancer - Normative statement

3 0

4 years ago

Consider a four-step serial process with processing times given in the following list. There is one machine at each step of the

Bas_tet [7]

Answer:

the hours after roundinf off = 54 hours

Explanation:

Solution :

The rate of system is defined by machine with largest time per unit i.e. bottleneck resource.

In this case, biottleneck is Step : 3 with time 30 min per unit.

So system requires 30 * 105 min = 30 * 105 / 60 hours = 52.5 hours at bottleneck.

time for first unit at Step 1 and 2 and for last unit at step 4 is - 25 + 15 + 20 - 60min - 1 hr.

So total time for system is 52.5 + 1 = 53.5 hours.

6 0

4 years ago