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Ray Of Light [21]
3 years ago
9

James Frank has been put in charge of gathering marketing intelligence, disseminating it within his organization, and eventually

directing action on the information. Mr. Frank's task is best described as part of the ________ process.
Business
1 answer:
RUDIKE [14]3 years ago
4 0

Answer:

Market- sensing process

Explanation:

Mr Frank is involved in a market- sensing process, it is a process which involves multiple stages to gather information on various marketing aspects. The complete market –sensing process involves information acquisition, information distribution, analysing the data and evaluation. This process is generally initiated to develop new marketing strategies to improve business activities. It helps organisations to identify current loopholes in the current marketing process.

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Excom sells radios and each unit carries a two-year replacement warranty. The cost of repair defects under the warranty is estim
Vladimir [108]

Answer:

$150

Explanation:

The Warranty Expense account is a liability account and it must include all the estimate costs associated to the merchandise sold:

100 radios were sold and the company estimates to replace 5% or them = 100 x 5% = 5 radios

the cost of replacing 5 radios = 5 radios x $30 per radio = $150

4 0
3 years ago
XYZ CORP HAS THE FOLLOWING DATA: BUDGETED OVERHEAD $168,000 BUDGETED MACHINE HOURS (DRIVER) 35,000 ACTUAL MACHINE HOURS: JOB 17
SVETLANKA909090 [29]

Answer:

The Actual overhead in finished goods is $ 113,400

Explanation:

In order to calculate the ACTUAL OVERHEAD IN FINISHED GOODS we would have to use the following formula:

Actual overhead in finished goods= overheads allocated to job 18 and 19 + underapplied overheads allocated finished inventory

Actual overhead in finished goods=(($9,750+$13,650)/($11,700+$9,750+$13,650+$3,900)*$168,000) + ($23,400/$39,000* ($189,000 - ($39,000*$168,000/$35,000))

= $112,320 + $1,080

= $ 113,400

The Actual overhead in finished goods is $ 113,400

8 0
3 years ago
A monopolist has four distinct groups of customers. Group A has an elasticity of demand of​ 0.2, B has an elasticity of demand o
Bumek [7]

Answer:  Group A

Explanation:

Price Elasticity of demand refers to the sensitivity of quantity demanded given a change in price. In other words, how much will quantity demanded change if price changes. Higher elastcities mean that when prices change, their quantity demanded changes more. For instance, an elasticity of demand of 2 means that when prices rise by 2%, demand will decrease by 4%.

The group that will be paying the most therefore will have to be the group that is least sensitive to paying that high price. That would be Group A. As they are not very sensitive to price changes with an elasticity of 0.2, the Monopoly can increase their price to a higher point than others knowing that they won't demand less goods.

5 0
3 years ago
A $1,000 par value bond with a conversion price of $50 has a conversion ratio of
AveGali [126]

Answer:

Conversion ratio will be 20 shares

Explanation:

We have given bond value = $1000 per bond

Conversion price = $50

We have to find the conversion ratio

Conversion ratio is the ratio of bond value per bond to the conversion price

So conversion ratio will be equal to =\frac{bond\ value\ per\ bond}{conversion\ price}=\frac{1000}{50}=20\ shares

So conversion ratio will be 20 shares

So option (D) will be correct answer

3 0
3 years ago
Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000
Arisa [49]

Answer:

Total variable cost= 90,000

Total fixed costs= 8,000

Total costs= $98,000

Explanation:

Giving the following information:

Production of 15,000 units:

Fixed costs= $8,000

Total variable cost= $75,000

We have no reason to believe that the fixed costs will change. If 18,000 units remain in the relevant range, the fixed costs are constant.

<u>We need to calculate the unitary variable cost:</u>

Unitary variable cost= 75,000/15,000= $5

Now, for 18,000 units:

Total variable cost= 5*18,000= 90,000

Total fixed costs= 8,000

Total costs= $98,000

5 0
3 years ago
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