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3 years ago

The U.S. consumer market is large, but other markets may offer what advantage?

Business

2 answers:

Sergio039 [100]3 years ago

6 0

Answer:

Better opportunities for growth.

Explanation:

Although the U.S consumer market is large enough,other markets offers the advantage for better opportunities for growth and development such as consumer segmentation, direct competition analysis, indirect competition of analysis, foreign market analysis, environment analysis and purchase situation analysis.

Inga [223]3 years ago

3 0

The difference other markets; apart from the US market, have is tht they have exotic wishes which need to be fullfilled but more importantly they have other goods, perhaps not created on the US market. This makes other economies a viable way to earn more mone for the US economy.

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Froya Fabrikker A/S of Bergen, Norway, Is a small company that manufactures specialty heavy equipment for use In North Sea oil f

solmaris [256]

Answer:

1) JOURNAL ENTRIES

a) Debit Material Account $290,000 Credit Accounts Payable $290,000

b) Debit Work in process $ 275,000 Credit Material Account $275000

c) Debit Factory overheads $69300, Debit Selling and admin (utility expense) $7,700 Credit Accounts Payable $77,000

d) Debit Work in process $320,000 Debit Factory overheads $108,000

Credit Salary and wages Payable $428,000

e) Debit Factory overheads $72,000 Credit Accounts payable $72,000

f) Debit Selling and admin expense (Advertising) $154,000 Credit Accounts payable $154,000

g) Debit Debit depreciation expense $90000 Credit Accumulated depreciation on Factory equipment $67,500 Credit Accumulated depreciation on selling and admin facilities $22,500

h)Debit Factory rent $92000 Debit selling and admin rent $23000 Credit Accounts payable $115000

i) Debit Work in process $417,100 Credit Manufacturing overhead costs $417,100

j) Debit Finished goods $950,000 Credit work in process $950,000

k) Debit Accounts receivables $2,100,000 Credit Revenue $2,100,000

Debit cost of sales $980,000 Credit Finished goods $980000

2) DR Raw materials CR

opening bal 48000 work in process 275000

Accounts payable 290000 balance c/d 63000

338000 338000

work in process

opening balance 39000 finished goods 950000

Raw materials 275000 balance c/d 101100

salaries payable 320000

applied overheads 417100

1051100 1051100

finished goods

opening balance 78000 cost of sales 980000

work in process 950000 balance c/d 48000

1028000 1028000

Manufacturing overheads

accounts payable 69300 work in process 417100

salaries payable 108000

accounts payable 72000

depreciation 67500

Accounts payable 92000

cost of sales (over) 8300

417100 417100

selling and admin overheads

Accounts payable 7700 Profit and loss account 207200

Accounts payable 154000

Depreciation 22500

Accounts payable 23000

207200 207200

Accumulated depreciation on Factory equipment

balance c/d 67500 depreciation 67500

Accumulated Depreciation on selling and admin facilities

balance c/d 22500 depreciation 22500

Accounts payable

balance c/d 638700 raw materials 290000

accounts payable 69300

accounts payable 72000

Accounts payable 92000

Accounts payable 7700

Accounts payable 154000

Accounts payable 23000

638700 638700

cost of sale

Finished goods 980000 manufacturing overheads 8300

trading account 971700

980000 980000

sales

trading account 2100000 Accounts receivable 2100000

trading account

cost of sales 971700 sales 2100000

gross profit 1128300

3) cost of goods manufactured

direct material 275000

Direct labor 320000

applied overheads 417100

cost of goods manufactured 1012100

4a) Debit Manufacturing overhead 8300 Credit cost of sales 8300

4b) finished goods

opening 78000

work in process 950000

closing goods 48000

Cost of goods sold 980000

5)INCOME STATEMENT

SALES 2100000

COST OF SALES -971700

gross profit 1128300

selling and admin costs -207200

Net income $921100

Explanation:

5 0

3 years ago

Explain how each of the following events changes the demand for or supply of jeans. A. Upper A new technology becomes available

Dima020 [189]

Answer:

A. Where a new technology that reduces the time it takes to manufacture a pair of jeans is available, it will leads to a change in supply. For example if a new machine is invented which decreases output per unit of time, there will decrease in the supply of a pair of jeans.

B. Where the price of the cloth (denim) used to make jeans rises, it will affect the change in the supply of jeans because an increase in the price of the raw materials used (denim) in making jeans, it will lead to a reduction in supply.

C. Where Jeans go out of fashion, it will cause a change in demand or supply because taste changes over time. For example, if jeans go out of fashion there would be a decrease in demand and supply for it.

D. Where the price of a pair of jeans falls, it will not affect the change in demand or supply of the jeans because a change in the price of a commodity is not a factor that causes a change in demand or supply.

E. Where the wage rate paid to garment workers falls, it will affect the change in the supply of jeans but will not affect the change in demand for jeans.

F. Where many jeans producers go out of business, it will affect the change in the supply of jeans but will not affect the change in demand for jeans.

H. Where people's incomes increase, it will affect the change in demand that leads to increase in demand for a pair of jeans

Explanation:

Causes of changes in demand and supply

Demand refers to the quantity of a commodity which consumers are willing and able to purchase at a particular price and at a particular period of time.

The Law of demand sates that 1) the higher the price of a commodity, the lower the quantity demanded, and 2) the lower the price of a commodity, the higher the quantity demanded.

The Change in demand (shift in the demand curve): There is a change in demand if the demand curve shifts to an entirely new position. A change in demand is determined by the factors affecting demand, other than price in a commodity. Factors affecting change in demand include changes in taste, fashion, population size, and income.

The Supply of a commodity is the quantity of that commodity which sellers are willing and able to offer for sale at a particular price, at a particular period of time.

The Law of supply states that the higher the price of a commodity, the higher the quantity supplied while the lower the price of a commodity, the lower the quantity supplied.

The Change in supply (shift in the supply curve): There is a change in supply if the supply curve shifts to an entirely new position. A change in supply is determined by the factors affecting supply, other than price in a commodity. Factors affecting supply include Technological development, weather and climate, government policies/effects of subsidies and taxation, a new source of raw materials. A change in supply could be a decrease or increase in supply of a commodity.

8 0

3 years ago

Which of the following is the BEST reason to use cash for making purchases?

zhuklara [117]

Answer:

Explanation:

4 0

3 years ago

Read 2 more answers

Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on

Tasya [4]

Answer: True

Explanation:

Something that has caught the attention of many has been how electronic money has been used in countries like Kenya and Somalia. A study has confirmed that the use of mobile money has reduced poverty in places like Kenya. Mobile money is defined as money where people can make financial transactions through their phones.

This type of activity has greatly influenced poverty reduction and the high rates that occurred when people had to send money over certain distances. In countries like Somalia, there are no longer any traces of physical money, everything is virtual. In this way, the country has achieved economic stability for years. People increasingly consume through their mobile phones, making in an easier way all kind of payments.

7 0

3 years ago

an Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions f

irinina [24]

Answer:

Part 1 - ROI

In terms of Margin :

Division Osaka = 20 %

Division Yokohama = 14 %

In terms of Turnover :

Division Osaka = 400 %

Division Yokohama = 200 %

Part 2 - Residual Income

Division Osaka = $182,000

Division Yokohama = $210,000

Explanation:

Return on investment (ROI) = Divisional Profit Contribution / Assets Employed in the division x 100

In terms of Margin :

Division Osaka = $ 455,000 / $ 2,275,000 x 100 = 20 %

Division Yokohama = $ 1,470,000/ $ 10,500,000 x 100 = 14 %

In terms of Turnover :

Division Osaka = $ 9,100,000 / $ 2,275,000 x 100 = 400 %

Division Yokohama = $ 21,000,000/ $ 10,500,000 x 100 = 200 %

Residual income = Controllable Profit - Cost of Capital Charge on Controllable Investment

Therefore,

Division Osaka = $ 455,000 - $ 2,275,000 x 12 % = $182,000

Division Yokohama = $ 1,470,000 - $ 10,500,000 x 12 % = $210,000

8 0

3 years ago