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2 years ago

Which of the following statements is correct regarding expenses.

Business

1 answer:

Marina CMI [18]2 years ago

6 0

Answer:

b. Expenses are increased on the left side of their T-account because they decrease equity.

Explanation:

Expenses arise during operation. The conceptual framework defines expenses as decrease in economic benefits as a result of increase in liabilities and decreases in assets. The result being a decrease in equity attributable to shareholders. Examples of expenses include depreciation, interest, utilities and wages expenses.

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Agatha's Inc. is about to introduce a new product in the market, but is not sure as to how it should price the product. The comp

krek1111 [17]

Answer and Explanation:

There are two main pricing objective and strategy i.e competitive pricing and penetrative pricing which are explained below:

1. Competitive pricing :

In this Agatha's Inc, all five rivals should evaluate pricing models for a related kind of product. If your product has a little more value added than your collegaues, then you can establish a target price target that is higher than the competitors.

Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.

2. Penetrative pricing :

When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.

If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.

The mixture of the above two pricing strategies would ensure a better positioning of Agatha's Inc product with better profitability.

3 0

3 years ago

Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differe

yaroslaw [1]

The mean is a mathematical concept that is used to determine what the average number is in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the mean is 2.4 ( $\frac{5+1+1+1+4}{5}$ ), where /5 is the sum of the given set of numbers.

<h3>What is the Median?</h3>

The median is a term used to represent the middle value in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the median is 1 because it is the middle for this set of numbers counting from left to right.

The mode is a term that refers to the most frequently repeated value in a given set of numbers. For example, given a set of numbers 5, 1, 1, 1, and 4, the mode in the set is 1 since it occurs most, exactly three times.

<h3>What is the Standard deviation?</h3>

Standard deviation is a statistical method used to determine how far (i.e the deviation) of a given dataset relative to its mean. It is often calculated as the square root of variance.

You can learn more about the concepts of Mean, Median, and Mode here brainly.com/question/14532771

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5 0

1 year ago

Which of the following is not true about an informational interview?

Airida [17]

your answer should be “B.”

mark me brainliest please!

6 0

3 years ago

Read 2 more answers

iris [78.8K]

None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)

In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:

To belong to the same category or have the same function.
To be possible for the user to replace the first element using the alternative.

Based on this, let's analyze each of the options:

Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.

Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.

Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.

Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.

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7 0

2 years ago

The payoff matrix represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. each seller

vazorg [7]

For the statement "The payoff matrix represents hypothetical profits that could be earned by two milk..." and the Milky Mose table Both will cheat Option C. This is further explained below.

<h3>What is a payoff matrix?</h3>

Generally, payoff matrix is simply defined as when one player's tactics and those of the other are represented in a table called a payoff matrix, they are listed in rows.

In conclusion, In order to get an edge, both parties will engage in dishonesty. As a result, both parties will be tempted to cheat in order to gain an unfair advantage.

The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions below. Does either member have an incentive to cheat? Heifer's Gold will cheat, but Milky Moo will not. No, neither has an incentive to cheat, Yes, both will cheat. Milky Moo's will cheat, but Heifer's Gold will not