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butalik [34]
3 years ago
13

Leon is not very quick to purchase innovative products when they come out, but after a while he breaks down and buys if after mo

st of his friends have bought it. he gets most of his information from them when he decides to buy something. he is very skeptical of marketing, so he trusts his friends more than anything. leon is best described as a(n:
Business
1 answer:
Dima020 [189]3 years ago
7 0
Leon is best described as late majority, who are usually influenced by group norms. You can see that here as well - he didn't plan on buying that product, but he was influenced by the group of people around him, his friends, who have all bought it and recommend it to Leon to buy as well. He is "late" because he didn't purchase it immediately, but belongs to the majority, because most people will buy the product nevertheless. 
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Bloomington Corporation reported the following on their contribution format income statement: Sales (12,000 units) $175,000 Less
KATRIN_1 [288]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sales (12,000 units) $175,000

Variable expenses 100,000

Contribution margin 75,000

Fixed expenses 62,500

Net operating income $ 12,500

First, we need to calculate the unitary selling price and unitary variable cost:

Unitary selling price= 175,000/12,000= $14.58

Unitary variable cost= 100,000/12,000= $8.33

New income statement:

Sales= (12,000*1.10)*14.58= 192,456

Variable cost= 13,200*8.33= (109,956)

Contribution margin= 82,500

Fixed expenses= (62,500)

Net operating income= 20,000

8 0
3 years ago
Goodman Corporation has sales volumes of 3,000 units at $80 per unit. Variable costs are 35% of the sales price. If total fixed
Alja [10]

Answer:

= 1.73

Explanation:

For computation of degree of operating leverage first we will find out the operating income which is shown below:-

Particulars                               Amount

Sales                                       $240,000  (3000 × $80)

Variable expenses                 $84,000  (240,000 × 35%)

Contribution margin                $156,000

Fixed Costs                               $66,000

Operating income                     $90,000

Degree of operating leverage = Contribution margin ÷ Operating income

= $156,000 ÷ $90,000

= 1.73

4 0
3 years ago
Which management function is also a financial responsibility? A. planning B. organizing C. staffing D. coordinating E. controlli
Luda [366]

Answer:

b staffing is the answer

5 0
3 years ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 22. Cook Plus projects sales
amid [387]

Answer:

Production budget = 835

Explanation:

<em>T</em><em>he production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.  </em>

Production = Sales budget + closing inventory - opening inventory

Inventory at the end of July = 40%×650= 260

Opening inventory = 75

Sales budget = 650

Production budget = 650+ 260  - 75= 835

Production budget = 835

3 0
3 years ago
In some simple models of trade, a country may choose to specialize in the production of a single good. which is not an argument
LekaFEV [45]

An argument that is not against specializing in a single good in the real world is that specialization in a single good makes dumping easier and more effective.

If a country specializes in a single good, less waste will be produced and it can be dumped easily at one place and can be used or recycled more easily than to dump several different kinds of goods as they will need different technologies and to segregate them will be a hard job to do.

Countries improve their production of the commodity in which they specialize. There are many benefits to consumers if a country does so as specialization lowers the opportunity cost of production, increasing global production and lowering prices. These reduced pricing and increased supply benefit consumers.

To learn more about specialization in single good here

brainly.com/question/19018593

#SPJ4

7 0
2 years ago
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