Answer:
a need is something you need to live/survive its something you cant live without
Explanation:
Answer:
Walmart, MacDonald's and Payless ShoeSource.
Explanation: Cost Leadership is a business strategy where a comoffers products and services with acceptable quality and features to customers at a very low price.
Yes they should advertise their products and services, actually some of them use advertising slogans like "why pay more when you can pay less" "Always low prices" and " save money" Used by Walmart.
Advertising which is usually a way to tell people about what you do and why you should do it with them or through them, tells people about changes in their prices and introduction of new products.
Again, it will amaze you to know the a lot of people don't know about these companies yet. It helps them to reach more people and this in turn increases their sales.
Answer:
A- $ 50 Electricity
$ 75 Office suplies
$ 125 Total explicit costs
B- $ 300 Rent
$10000 Lost of salary for quitting his job
$ 10300 Total implicit cost
C- $ 125 Total explicit costs
$ 10300 Total implicit cost
$ 10425 Total economic cost
Explanation:
A- Explicit costs are observable (such as salaries paid to employees, material costs, taxes, etc.) and are paid with cash.
B- Implicit costs are those incurred for giving up an alternative use of a specific resource, but no cash outlay is made. In this case, $ 300 that is no longer earned by using the garage as an office and $10000 lost each month for quitting his job.
C- The sum of the implicit and explicit costs determines the total economic cost
.
Answer:
Weighted average selling price= $94
Explanation:
Giving the following information:
Sales in units:
Skis= 12,600
Snorkles= 23,400
Total= 36,000
Product: Unit Selling Price
Skis= $120
Snorkels= $80
We need to calculate the weighted average selling price per unit for the company as a whole.
<u>First, we need to calculate the participation of each product on sales:</u>
Skis= 12,600/36,000= 0.35
Snorkles= 23,400/36,000= 0.65
Weighted average selling price= (0.35*120) + (0.65*80)= $94
Answer:
Dr. Cr.
February 2, 2012
Inventory $30,000
Account Payable $30,000
February 10, 2012
Account Payable $30,000
Discount received $600
Cash $29,400
Explanation:
Term 2/10, n/30 means there is a cash settlement discount of 2% is available if the payment is made within 10 days after the purchase of goods. Net credit period is 30 days. Purchases were made on February 2 and Payment was made on February 10 within the discount period, so Shankar Company is entitled to claim the discount of 2%. Cash will be paid net of discount.
Discount = $30,000 x 2% = $600
Cash Payment = $30,000 - $600 = $29,400
