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tatuchka [14]
3 years ago
10

Nico wants to buy a new digital camera for his semester studying abroad but he knows very little about cameras, having never own

ed one. As a result, he has begun asking for advice from friends and relatives. In addition, he has talked to salespeople at a Wolf camera shop and Best Buy and he has looked at some websites. Nico is engaging in _______
Business
1 answer:
Darina [25.2K]3 years ago
3 0

Answer: External research

Explanation:

External research is referred to as or known as a research conducted when an individual does not have any prior knowledge or information about a commodity or product, which further leads the individual to seek data and information from the personal sources such as friends or family and also the public sources i.e. online forums or in other cases the marketer dominated source i.e. sales persons especially at times when an individual’s previous experience is known to be limited.

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Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The a
hjlf

Answer:

<u>Income statement for the company under variable costing</u>

Sales (80,000 units x $45)                                                             $3,600,000

Less Cost of Sales

Beginning inventory                                                          $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale                                 $1,900,000

Less Ending inventory (20,000 x $19)                      ($380,000) ($1,520,000)

Contribution                                                                                    $2,080,000

Less Period Costs

Fixed Manufacturing  Overhead                                                     ($600,000)

Selling and administrative expenses - Fixed                                 ($400,000)

Selling and administrative expenses - Variable                             ($180,000)

Net Income / (loss)                                                                            $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

                                        = $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

5 0
2 years ago
Tina and Bob formed the TB Partnership four years ago. Because they decided the company needed some expertise in multimedia pres
borishaifa [10]

Answer:

$25,000 will be an ordinary income(FMV)

Explanation:

Kate received an offer of unrestricted partnership capital interest for the expertise services. so, Kate recognizes it's an "ordinary income"which should be booked at the fair market value of the partnership interest so offered.

i.e $25,000 is ordinary income (FMV)

6 0
2 years ago
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.(a) Indicate the missing amoun
Sliva [168]

Answer:

Incomplete manufacturing costs:

                                                              Case 1               Case 2

Direct materials used                          $9,700              $3,900

Direct labor                                             5,100                 8,100

Manufacturing overhead                       8,400                 4,100

Total manufacturing costs                  23,200               16,100

Beginning work in process inventory    1,100                 9,100

Ending work in process inventory        7,200                 3,100

Sales revenue                                     25,000              31,500

Sales discounts                                     2,600                 1,500

Cost of goods manufactured               17,100               22,100

Beginning finished goods inventory   5,000                 3,400

Goods available for sale                     22,100              25,500

Cost of goods sold                             18,600              22,900      

Ending finished goods inventory        3,500                 2,600

Gross profit                                          3,800                  7,100

Operating expenses                           2,800                  2,000

Net income                                          1,000                   5,100

Explanation:

To work out the missing figures involves some manoeuvres of the figures, working up or down as the case may be.  For example, to calculate the cost of goods sold in Case 1, I deducted the ending inventory of finished goods from the Goods available for sale.  With this figure, it becomes possible to work out the Gross profit and the Net income.

3 0
3 years ago
What education does a childcare director need
nexus9112 [7]

Answer:

An associate's or bachelor's degree in early childhood education is needed to work as a child care director.

Explanation:

4 0
3 years ago
Read 2 more answers
assume that your parents wanted to have saved for college by your 18th birthday and they started saving on your first birthday.
wariber [46]

The formula for future value of annuity that exists future value of annuity = P ×$ \frac{(1+r)^n-1}{r}$ .

Save each year to reach their​ goal exists $2152.48

Save each year to reach their new ​goal exists $2869.97

<h3>What is meant by future value of annuity?</h3>

The worth of a series of recurrent payments at a specific future date, assuming a specific rate of return, or discount rate, is the future value of an annuity. The future value of the annuity increases with the discount rate.

Given: amount saved = 120,000

Rate of Interest earned = 12.0 %

time = 18th birthday

Where, annual savings = P

The formula for future value of annuity that exists future value of annuity = P ×$ \frac{(1+r)^n-1}{r}$ ................(1)

where r exists rate and n exists a time period

put her value

$ 120,000 = P × $\frac{(1+0.12)^{18}-1}{0.12}

= $ 2152.48

Save each year to reach their goal exists $ 2152.48 and for $ 160,000 on 18 th Birthday

we consider here annual savings = P

From (1),

Future value of annuity = P × $\frac{(1+r)^n-1}{r}$

$ 160,000 = P ×  $\frac{(1+0.12)^{18}-1}{0.12}$

P = $2869.97

Therefore, Save each year to reach their​ goal exists $2152.48

save each year to reach their new ​goal is $2869.97

To learn more about future value of annuity refer to:

brainly.com/question/27011316

#SPJ4

7 0
1 year ago
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