In marketing, an item’s utility refers to only how that product is used by the consumer. True False

Refer to lynn bernerd, inc. initially, the managers believed that ____ would be the best option for entering the foreign market.

mojhsa [17]

<span>They originally felt that licensing would be the best first step. By letting other companies use their product in exchange for paying royalty fees, Bernerd was licensing its product out for those companies to take advantage of the company's name.</span>

7 0

3 years ago

The definition of inventory includes which of the following items? (Select all that apply.) a) items used currently in the produ

Yanka [14]

Answer:

Items a) and b)

a) items used currently in the production of goods to be sold items

b) held for resale items currently in production for future

Explanation:

Inventory consists of current assets to be used in production of final goods or are the ones which are final goods and held for sale.

In the given case also, statement a includes raw materials, which are used to make the final good to be sold, which is a part of inventory.

Further, statement b includes work in production or final goods which are currently in production but would be resold.

The items which are kept for their use as like machinery or furniture or which shall be disposed are not inventory but are in fixed assets category.

3 0

3 years ago

The rule that (1) requires revenue to be recognized at the time it is earned, (2) allows the inflow of asset associated with rev

Tanya [424]

Answer:

The correct answer is C

Explanation:

Principle of Revenue recognition, is the one of the foremost and vital principle of accounting, which is also the cornerstone of the accrual accounting along with the matching principle.

Under this principle, the revenues are recognized or ackowledged when they are realized or earned, which is generally when the goods are transferred or the services are rendered, irrespective of when cash is received.

So, the rule which says revenue to be recognized when earned and measure the revenue amount equal to value of non- cash assets received from clients is known as revenue recognition principle.

6 0

3 years ago

Use Annual Cost Analysis to determine whether Alternative A or B should be chosen. The analysis period is 5 years. Assume an int

emmasim [6.3K]

Answer:

A should be chosen, because its equivalent annual cost is $252.15 lower than Alternative B's.

Explanation:

a) Data and Calculations:

Interest rate = 6% per year

Alternative A Alternative B

Initial Cost 2800 6580

Annual Benefit 450 940

Salvage Value 500 1375

Useful Life (yrs) 5 5

Annuity factor = 4.212 for 5 years at 6%.

Present value factor = 0.747 for 5 years at 6%.

Alternative A Alternative B

Present value of

annual benefits $1,895.40 $3,959.28

PV of salvage value 373.50 1,027.12

Total present value

of benefits $2,268.90 $4,986.40

Initial Cost 2,800 6,580

Net present value $531.10 $1,593.60

The equivalent annual cost

= NPV/PV annuity factor

($531.10/4.212) ($1,593.60/4.212)

Equivalent annual cost $126.09 $378.35

Difference:

Alternative B = $378.35

Alternative A = $126.09

Difference = $252.26

3 0

3 years ago

The mean monthly bill for a sample of households in a city is $70, with a standard deviation of $8.

Alenkinab [10]

Answer:

a) 39

b) 58

Explanation:

Data provided in the question:

Mean = $70

Standard deviation, s = $8

Number of households, n = 40

Now,

a) number of households whose monthly utility bills are between $54 and $86

z score for $54 = [ 54 - 70 ] ÷ 8 [ z score = [ X - mean ] ÷ s]

or

z score for $54 = -2

z score for $86 = [ 86 - 70 ] ÷ 8 [ z score = [ X - mean ] ÷ s]

or

z score for $54 = 2

Therefore,

P(between $54 and $86) = P(z = 2) - P(z = -2)

= 0.9772498 - 0.0227501

= 0.9544997

Therefore,

number of households whose monthly utility bills are between $54 and $86

= P(between $54 and $86) × n

= 0.9544997 × 40

= 38.18 ≈ 39

b) In a sample of 20 additional house i.e n' = 40 + 20 = 60

thus,

number of households whose monthly utility bills are between $54 and $86

= P(between $54 and $86) × n'

= 0.9544997 × 60

= 57.27 ≈ 58

8 0

4 years ago