Answer:
D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations
Explanation:
Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.
Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets
Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.
Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.
- Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
- Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.
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<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Answer:
Burberry is pursuing an umbrella branding strategy
Explanation:
Based on the scenario being described it seems that Burberry is pursuing an umbrella branding strategy. This type of strategy focuses on having a single brand name for the sale of two or more related products with different specs. Which Burberry is doing by having separate category of items made specifically for different target populations, such as entry-level price point items and couture items, even though they are all under the Burberry brand.
Answer:
c) 108,000 dollars
Explanation:
Buy option:
Purchase: 40,000 motors at 25.15 = 1,006,000
unavoidable fixed cost: 40,000 x 4.60 = 184,000
1,190,000.00
Produce option:
Manufacturing Cost (9.9 + 8.9 + 3.65) x 40,000 = 898,000.00
Fixed cost: 184,000.00
Total Cost 1,082,000.00
Differential: 1,190,000 - 1,082,000.00 = 108,000.00
It is advantageous to continue the production as the unavoidable cost will make the buy option a worse deal
Answer:
I would assume it is true
Explanation:
