Answer: B
Robert is in the Evaluation of alternatives stage of the buyer decision process.
Explanation:
The various stages which consumers go through when they are considering a purchase are as follows:
Problem or need recognition , Information search
, Evaluation of alternatives
, Purchase
, Post-purchase behavior
Evaluation of alternatives is the third stage in the Consumer Buying Decision process. In this stage, the consumers evaluate all their options based on the attributes of the products which is capable of delivering the benefit/ satisfaction that the consumer intends to get. Comparing the products (i.e different brands of products that is capable of satisfying the consumer needs), shows the alternatives being considered by consumers during the problem-solving process.
Therefore Robert, trying to choose between : Waterbags for Roadies, Supertanker Hydropacks, and Fast Water is in the stage of Evaluation of alternatives stage. Therefore the answer is B
Answer:
All of these options is true
Explanation:
Statement of revenue and expenses is a comprehensive report showing the amount of profit earned minus the amount of operating expenses.
It provides information regarding the organization's operation as well as the revenue generated.
Revenue earned is collated as receipts and included in the statement of revenue and expenses.
Regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college choosing to report as a special-purpose entity engaged in business-type activities, the following apply:
- State appropriations should be reported as non-operating income
- Both contributions for plant and for endowment purposes must be reported separately after both operating and non-operating revenues and expenses
- An operating income figure must be displayed
Answer:
3.8 times
Explanation:
Inventory turnover indicates how many times a company sells and replaces its stock of goods during a particular period. The formula for inventory turnover ratio is the cost of goods sold divided by the average inventory for the same period.
$ 320,000 / 63,000 = 5.1 times in 2022
$283,500 / 32,000 = 8.9 times in 2023
Therefore inventory turnover increase as a result of the switch to the JIT system by 8.9 times - 5.1 times = 3.8 times
Yes , Judy and Kristy have an enforceable binding contract
Explanation:
Kristy Johnston, Judy Olsen, and Joyce Johnston, their mother, owned real estate as common buyers. After Joyce died, she left Kristy her one-third share in the house. Kristy sent Judy a letter in 2009 promising Judy to purchase or sell Judy's share in the property.
Judy accepted the sale bid from Kristy. Kristy then tried to refuse Judy's approval and to cancel her bid for sale. Judy lodged a Kristy lawsuit.
The court granted the summary judgment to Judy finding that a contract had been drawn up between the letters exchanged between Judy and Kristy which satisfied the frauds ' status. The Supreme Court ruled that the district court decided out that an enforceable arrangement was established by exchanging letters from the parties.
Answer:
Number of units that must be sold to earn the target profit is 3000 units.
The contribution margin ratio is 0.70
Explanation:
We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired
The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.
Contribution margin per unit = 250 - 75 = $175
Number of units required to earn target profit = (325000 + 200000) / 175
Number of units required to earn target profit = 3000 units
The contribution margin ratio is = 175 / 250 = 0.7 or 70%
Dollar Sales required to earn target profit = $4,812,500
