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SSSSS [86.1K]
2 years ago
15

What is a specialty good?

Business
1 answer:
Anuta_ua [19.1K]2 years ago
5 0

Answer:

 The specialty goods are one of the type of consumer products an it basically categorized under the category of shopping and the convenience goods.

The specialty products are basically purchased by the consumers or users because of its unique characteristics and high efficient brands. Exotic perfumes, designer clothe and famous printing cloths are some examples of the specialty products.

The main objective of the specialty goods is that the customers group are wiling for purchasing the specific products due to its unique features or high brand and also make special efforts for purchasing the specific products and the services.

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3. Keim, Inc. manufactures baseball gloves that normally sell for $40 each. Keim currently has 1,000 defective gloves in invento
umka21 [38]

Answer:

selling the defective gloves as they are results in a $3,000 higher gain

Explanation:

the manufacturing costs of the defective gloves should be considered a sunk cost since they cannot be recovered:

alternative 1, sell defective gloves = $18 x 1,000 = $18,000 gain

alternative 2, repair the gloves and sell them at normal price = ($40 - $25) x 1,000 = $15,000 gain

alternative 1 (selling the defective gloves as they are) results in a $3,000 higher gain

6 0
2 years ago
A member of the park service believes the average number of cacti per square km in tucson, az in the year 2001 is less than the
tia_tia [17]

Question Continuation

a. What is a subject in this study?

b. What is the explanatory variable and what type of variable is it?

c. Which type of test is most appropriate?

Answer:

See Explanation Below

Explanation:

a.

In research, a subject can be referred to as a person, place, thing, or phenomenon that is being measured of observed. In the question above, the observation is focused on the area of cacti/km² plot of land near Tucson, AZ; hence, it'll be taken as the research subject.

b. Explanatory variables are those variables that are not totally independent and are used to predict or explain differences in the response variable.

Having pointed what an explanatory variable is, we'll list the explanatory variable(s) in the question, using the definition above.

1. Year;

The question compares the growth of cacti per km² in 1970 and 2001. The differences in the growth are then measured in order to determine if there's indeed a growth or a decline in growth of cacti.

Hence, year is an explanatory variable and it's numerical

2. Using the same yardstick, another explanatory variable in the question above is the average number of cacti per km².

It is considered an explanatory variable because it represent the numerical value of cacti present in a km² area.

It is also numerical

c.

The most appropriate type of test in this kind of observation is the independent sample t test.

An Independent Samples t Test takes into consideration the means or averages of two independent groups and then make makes comparison between them in order to determine whether there is statistical evidence that the associated population means are significantly different.

The question compares the average of cactus in 1970 and 2001.

The keyword here is average and that is what is being described by the independent sample t test. I.e. the average of cactus per km² in both years.

5 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. The effect of g
DaniilM [7]

Answer: See explanation

Explanation:

We should note that microeconomics deal with a particular sector in the economy and not the whole sector. Macroeconomic deals with the whole economy and looks at ways by which the decisions of government have an effect on the whole economy.

Based on the above explanation, the answer is provided below:

• The effect of government regulation on a monopolist's production decisions= Microeconomics

• The effects of government tax policy on long-term economic growth = Macroeconomics

• The optimal interest rate for the Federal Reserve to target = Macroeconomics

4 0
2 years ago
Margin of safety is computed as: a. Actual sales - Break-even sales. b. Contribution margin - Fixed costs. c. Break-even sales -
Vera_Pavlovna [14]

Answer:

A. Actual Sales - Break-even sales

Explanation:

In business studies, Margin of safety (MOS) is the difference between actual/projected/budgeted sales and the level of break even sales. It is calculated by subtracting break even sales from projected or budgeted sales.

It is usually calculated by a company to know the level of percentage by which sales can drop in that company, before they start incurring losses. IT IS A MEASURE OF BUSINESS RISK.

3 0
2 years ago
Victoria’s 2021 tax return was due on April 15, 2022, but she did not file it until June 12, 2022. Victoria did not file an exte
Vesnalui [34]

Based on the information the amount of penalty that Victoria will have to pay is $850.

<h3>Penalty amount:</h3>

Using this formula

Penalty amount=(Tax return×Tax rate)×2

Where:

Tax return=$8,500

Tax rate=5%

Let plug in the formula

Penalty amount=( $8,500 x 5%) x 2

Penalty amount=$425×2

Penalty amount=$850

Inconclusion the amount of penalty that Victoria will have to pay is $850.

Learn more about penalty here:brainly.com/question/1178265

8 0
2 years ago
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