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Xelga [282]
3 years ago
13

You are evaluating your company’s segmentation approach and discover an important missing condition. They have measured their ta

rget market and discovered it is reachable, stable, cost-effective, and measurable. Which condition is missing?
Business
2 answers:
zysi [14]3 years ago
6 0

Answer:

Profitability

Explanation:

It is not enough that our target market is reachable, stable, cost-effective, and measurable. We also need to measure how profitable the market is. We know that our major aim of doing business is to make profit, therefore the profitability of the market must be measured as well.

forsale [732]3 years ago
4 0

Answer:

Profitability

Explanation:

Market segmentation is defined as the science of dividing market into segments whose  members share common characteristics. A firm enjoys economies of scale when they are able to tailor marketing techniques towards specific  segments and they are able to meet the needs of their customers.

A market segment should be worth pursuing when it is large enough and the amount of disposable income which the  target market is willing to spend in purchasing the firms goods and services should be able to earn profits for the firm.

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Answer:

1. a. The materials price and quantity variances

Material price variance: Standard cost per micron is $1.50 and actual cost per micron is $1.48. So, price variance is 1.48 - 1.5 = $(0.02) per micron

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1. b. The labor rate and efficiency variances

Actual labor rate  = Actual labor cost / Actual hour = 88,000/4,000 = $22 per hour.

Efficiency variance = Actual labor rate - Standard labor rate = 22 - 21 = $1 per hour.

2. Prepare a brief explanation of the possible causes of each variance.

Direct material cost variance: Total actual material cost is 20,000 x 1.48 = $29,600, higher than standard material cost of 18,000 x 1.5 = $27,000. This is mainly due to higher production waste as compared to standards.

Direct labor cost variance: Total actual labor cost is $88,000, higher than standard labor cost of 4,000 x 21 = $84,000. This is mainly due to lower labor rate per hour than expected.

Explanation:

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Inez has a specific set of plans to build a sailboat. the plans are detailed in nature, and any boat builder can build the boat.
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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $164,000 and a balance in retained earnings of
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Answer:

                       Artichoke Academy

           Statement of Stockholders’ Equity

        For the Year Ended December 31, 2021

Beginning balance Common Stock                   $164,000

<u>Beginning balance retained earnings                $64,000</u>

Subtotal                                                              $228,000

Common Stock issued                                        $54,000

Earned net income                                              $44,000

<u>Distributed dividends                                          ($11,400)</u>

Ending balance Common Stock                      $218,000

<u>Ending balance retained earnings                    $96.600</u>

Total Stockholders' Equity December 31, 2021: $314,600

          Artichoke Academy

              Balance Sheet

For the Year Ended December 31, 2021

Assets:

Cash $54,000

Prepaid rent $31,000

Supplies $12,300

Land $270,000

Total assets: $367,300

Liabilities and stockholders' equity:

Accounts payable $13,600

Utilities payable $5,200

Salaries payable $4,900

Notes payable $29,000

Common stock $218,000

Retained earnings $96,600

Total liabilities and stockholders' equity: $367,300

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