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Molodets [167]
3 years ago
12

Custom foot operates six retail locations. at first glance, none looks different from a typical boot store. but here the only bo

ots on hand are display models. there is no inventory for sale and customers go home empty-handed, awaiting their orders. customers browse the store, choosing style, color, and leather type, with about 100 displays to provide style guidelines. custom foot guarantees your boots will be ready within three weeks. this is an example of
Business
2 answers:
kotykmax [81]3 years ago
4 0

Answer:

The business model of Custom foot is specialty customization.

Explanation:

Specialty customization is a business model in which the client or customer chooses can choose the ultimate level of customization of the program he is planning to buy. It consists of watching a single product and a catalog of the different levels of customization. In our case, the stores contain apparel and a big album of the materials that provide almost 100 different combinations. This happens more often in online shops, and it is a very rental model for unique products because they are very expensive.

ch4aika [34]3 years ago
3 0

Custom Foot operates six retail locations. At first glance, none looks any different from your basic old-fashioned shoe store, but the only boots on hand are display models. There's no inventory for sale and customers go home empty-handed—at least initially. Customers browse the store, mixing and matching design components such as style, color, and leather type. About 100 display boots provide style guidelines. Once you choose a boot style, you select materials, colors, and textures. Custom Foot guarantees your boots will be ready within three weeks. This is an example of

mass customization

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C.

Explanation:

Do teams and individuals follow instructions well?

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Tanner-UNF Corporation acquired as a long-term investment $200 million of 7% bonds, dated July 1, on July 1, 2018. The market in
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Answer:

1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.

July 1, investment in UNF bonds

Dr Investment in bonds HTM 200,000,000

   Cr Cash 160,000,000

   Cr Discount on bonds 40,000,000

December 31, interest revenue from investment in bonds

Dr Cash 7,000,000

Dr Discount on bonds 200,000

   Cr Interest revenue 7,200,000

Discount on bonds = ($160,000,000 x 4.5%) - ($200,000,000 x 3.5%) = $7,200,000 - $7,000,000 = $200,000

2. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.

Investment in bonds HTM = $200,000,000 (face value) - $39,800,000 (discount on bonds) = $160,200,000

Changes in the market value of bonds held to maturity are not considered by the company.

4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.

Dr Cash 150,000,000

Dr Dr Discount on bonds 39,800,000

Dr Loss on investment in bonds HTM 10,200,000

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3 0
3 years ago
Financing, market research, risk-taking, and other services are considered to be ________ functions.
Artyom0805 [142]

Answer:

Facilitating functions

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Facilitating functions are those in a business activity that helps make the exchange and physical processes run smoothly.

They do not involve direct exchange of title of products or physical handing of goods.

For example the activities of marketers of a product results in easy sale of the product by the manufacturer.

Also activities like financing, market research, and risk taking are all facilitating activities that make a business run smoother

7 0
3 years ago
Determine the amount of producer surplus generated in the following situation. So­Hee advertises her car for sale in the used­ca
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The answer is: $0

Explanation:

Producer surplus is the difference between the maximum price a suppler is willing and able to sell its product and the price of the product.

SoHee was willing to sell her car for at least $1,500, but she wasn't able to do so since the fair market price is $1,200. So, producer surplus is $0.

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3 years ago
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