The answer to this question is <span>To make it easier for families to borrow money to purchase a home. Most citizens in united states use real estate as a way to purchase long-term investment as their wealth accumulation.
To ensure citizen's economic safety in the future, it is wise for the government to provide an easier way to obtain home ownership such as cheap mortgages. </span>
The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
Answer:
TRUE
Explanation:
The CEO
's belief that he has placed his firm in a slow-cycle industry where <u>concerns about protecting unique competencies dominate concerns about market share,</u> is true
Basically, the CEO operates in a niche market as is reported in the scenario
<u>Niche marketing refers to competing within a narrowly defined market segment with a specialized offering.</u>
Most small businesses are generally not niche marketers; they simply have a very small share of a large segment <u>whereas niche marketers have a large market share in a small/tight segment.
</u>
Having therefore established his Niche business in a small segment where he has a large market share (otherwise it would not be a niche business), <u>the concerns will be about protecting unique competencies rather than market share</u>
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At the end of the first 10 years, the amount in the account is
$2000*[1+1.08+1.08^2+1.08^3+ ... + 1.08^9]
= $2000 [ (1.08^10 - 1) / (1.08 - 1) ]
= $2000 (1.1589/0.08) = $28973.12
Interest then accrues for the next 5 years, bringing the total to
$28973.12 * [ (1.08)^5 ] = $42571.03
The "cents" in this calculation are unreliable, since the bank may round off to the nearest cent at the end of each compounding period.
Answer: $66,938
Explanation: The beginning inventory is calculated thus:
$50,000 / 3000 units = $16.67
while the purchases during the period is:
$150,000 / 8000 units = $18.75
Ending inventory value using average minus cost method is thus:
Ending inventory= 3,780
Average cost = $16.67+18.75= $35.42
Cost of ending inventory = $35.42/2=17.71
Ending inventory cost = $17.71 * 3,780=66,938