Answer:
B) increases in the value of a product to each user, including existing users, as the total number of users rises.
Explanation:
A network effect happens when a product or service gains value because more people are consuming or using it.
The perfect example of network effects are social networks, the larger the quantity of people using them, the more valuable they become for both new and existing users.
Answer:
Direct Response Advertising
Explanation:
Direct response advertising is different from all other forms of advertisements in a way that it stimulates more fast, quick and efficient response from the cosumer. It persuades customers to act rapidly and instantly. Sales can be increased quite fast by using this form of advertisement. Toll free numbers are mentioned, road shows, exhibitions, discount offer sms, free coupons are presented which customers have to cut and send to the company to get them redeemed. This type of advertisement has gained a lot of success now-a-days.
Answer and Explanation:
As per the data given in the question,
a)
1. FIFO inventory > LIFO inventory
(Because in case of LIFO recent purchases are considered in production first or sold first so the remaining inventory are old inventory which is less costlier.)
2. FIFO cost of goods sold < LIFO cost of goods sold
(Because in case of LIFO recent purchases are considered in production first which are expensive so the cost of production is greater than FIFO.)
3. FIFO net income > LIFO net income
(Because cost of production is less under FIFO and the value of closing inventory is high, therefore the net income is also high.)
4. FIFO income taxes > LIFO income taxes
(Since, income is high in FIFO, therefore the tax under FIFO will be higher.)
b)
Management would like prefer to use LIFO over FIFO in periods of rising prices because Income shown in the company's Tax return will be higher if we use FIFO rather than using LIFO.
Answer:
A store that buys a shipment of new computers cant afford to buy new phones.
Explanation:
Answer:
Which of the following are ways in which to calculate the benefit of selecting one alternative over another?
-An analysis that just looks at the relevant costs/benefits and identifies those that are differential
-the difference between the net operating income for the two alternatives
-an analysis that looks at all costs and benefits and identifies those that are differential
Explanation:
The beginning of wisdom in using accounting for decision-making is a clear understanding that the relevant costs and revenues are those which as between the alternatives being considered are expected to be different in the future.
