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astraxan [27]
3 years ago
9

With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine

to keep themselves entertained when traveling. A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier. As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries. What is this phenomenon best known as?
A. Backward integration
B. Customer myopia
C. Product differentiation
D. Industry convergence
Business
1 answer:
ohaa [14]3 years ago
6 0

Answer: (D) Industry convergence

Explanation:

 The industry convergence is basically representing the fundamental growth in an organization and it basically helps in defining the various types of industries boundaries according to the business principle.

The industry convergence is the way for applying the knowledge by using the various types of technology related application in the industry.

According to the given question, the emergence of the smartphones industry with the different types of given application best illustrating the industry convergence concept.

Therefore, Option (D) is correct answer.

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Following are the accounts and balances from the adjusted trial balance of stark company
Lorico [155]

Answer:

                                STARK COMPANY  

                             INCOME STATEMENT  

                FOR THE YEAR ENDED DECEMBER 31  

PARTICULARS                                 AMOUNT $

Service Revenue                               20,000

<u>Expenses</u>

Supplies expense          200  

Interest expense            500  

Insurance expense        1,800

Utilities expense            1,300

Depreciation expense   2,000

Wages expense             <u>7,500</u>

Total expenses                                  <u>13,300</u>

Net profit                                            <u>6,700</u>

                            STARK COMPANY  

                 STATEMENT OF RETAINED EARNINGS  

                  FOR THE YEAR ENDED DECEMBER 31

                                                                                       Amount $

Retained earnings December 31 prior year end            14,800

Add- Net income           6,700

Less- Dividends             3,000                                           <u>3,700</u>

Retained earnings, December 31 Current year end     <u>18,500</u>

3.                                          STARK COMPANY  

            BALANCE SHEET FOR THE YEAR ENDED DECEMBER 31

Current Assets

Cash                               10,000

Accounts receivable      4,000  

Office supplies               800  

Prepaid insurance          <u>2,500</u>

Total current asset                           17,300

Non Current Assets

Buildings                            40,000

Less- Accumulated dep.    <u>15,000</u>  

Total Non Current Assets                <u>25,000</u>

Total Assets                                       <u>42,300 </u>

Liabilities

Current liabilities

Accounts payable     1,500  

Interest payable        100  

Notes payable           11,000  

Unearned revenue    800  

Wages payable          <u>400 </u>

Total Current liabilities                 13,800

Long term liabilities

Common stock      10,000

Retained earnings 18,500             <u>28,500</u>

Total liabilities and capital           <u>42,300</u>

7 0
3 years ago
Merchandise sold FOB destination indicates that: Multiple Choice The seller transfers title to the buyer once the merchandise is
bekas [8.4K]

Answer:

The seller transfers title to the buyer once the merchandise is shipped

Explanation:

Free onboard shipping point refers to a practice where the buyer of a product takes responsibility of the good once it is shipped by the seller.

So when the supplier ships a product he can record a sale because the ownership of the good has been shifted to the seller abd he will be paid for services rendered.

The buyer will record an increase in his inventory at this point and make provision for risk of shipping along with shipping cost.

3 0
3 years ago
Which of the following employees has the largest gross pay? a. Employee A: Total employee benefits $1,500 Total job benefits $49
Fiesta28 [93]

Answer:

<h2>Employee D has the largest gross pay among all the four employees.</h2>

Explanation:

Gross pay is normally calculated by taking the sum or aggregation of the basic salary or direct job related benefits and any additional employee benefits obtained by the employee from the company.

Therefore,for employee A,total gross pay=(49,800+1500)=51,300 dollars

For employee B,total gross pay=(51,200+1050)=52,250 dollars

For employee C,total gross pay=(51,900+1000)=52,900 dollars

For employee D,total gross pay=(52,300+3000)=55,300 dollars

Therefore,based on the above calculations of gross pay of all the employees,employee D has the highest or largest gross pay which is $55,300.

4 0
3 years ago
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Ganezh [65]
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FromTheMoon [43]

Answer:

The correct answer is b. recruitment and selection .

Explanation:

In the recruitment process, all the information of the employee, his experience, studies, skills, hobbies, family circle, expectations, aspirations, etc. is collected. From this moment on, a series of tests are carried out to determine that what has been previously stated is true, as well as simulating situations to know their behavior in the face of challenges of a different nature. In the particular case, technical skills in forklift driving and machine skills are required, which requires verification and practice processes to determine the suitability of the candidate to successfully execute this position.

3 0
3 years ago
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