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4 years ago

An effective offer requires that a reasonable price be related to market value. t/f

Business

1 answer:

Digiron [165]4 years ago

8 0

Answer:

False

Explanation:

It is not necessary that the price shall be related to market value, rather an effective deal would be to offer the product at a price which is identified to be lower than the market value.

Anything which is at market value is not a deal unless it is paired with some other benefits not offered in the general market. Accordingly from the consumer point of view anything which has a good utility to consumer and is bought below the market price is a great and effective deal.

Therefore, the statement is false.

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Larry purchased a leisure lawnmower because the company salesperson intentionally misled him by assuring him that the mower was

dangina [55]

I think Larry could sue for misrepresentation about the true qualities of the lawnmower he was sold.In other words, finding out that his new lawnmower is not self-propelled, does not mulch and only has a 90 day instead of a 5 year warranty he is totally within his rights to sue in small claims court for his money back at least.

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4 years ago

Channel richness is, in part, determined by the ability to facilitate rapid, two-way feedback.

shtirl [24]

Answer:

A. an email.

B. You can respond immediately to what the person is saying.

Explanation:

An email is a digital message which sent to communicate something via network. Emails are less responsive than an instant message. The emails are suitable mostly for office and are a formal mode of communication. An instant message is easy and fast which enables quick two-way feedback. A person can respond immediately to the text message when it is received making instant messages a rapid mode.

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3 years ago

On January 1, 2020, Oriole Company purchased 12% bonds, having a maturity value of $320,000 for $344,260.74. The bonds provide t

n200080 [17]

Answer:

face value $320,000, coupon rate 12%

current market value $344,260.74, effective interest rate 10%

maturity in 5 years, coupon paid yearly

(a) Prepare the journal entry at the date of the bond purchase.

Dr Investment in bonds (AFS) 320,000

Dr Premium on investment in bonds (AFS) 24,260.74

Cr Cash 344,260.74

(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2020.

unamortized premium = ($320,000 x 12%) - ($344,260.74 x 10%) = $38,400 - $34,426.07 = $3,973.93

Journal entry to record accrued interests:

Dr Interest receivable - investment in bonds (AFS) 38,400

Cr Interest revenue 34,426.07

Cr Premium on investment in bonds (AFS) 3,973.93

Journal entry to record recognition of fair value 2020

fair market value $342,000 - $340,286.81 (carrying value) = $1,713.19

Dr Fair value adjustment - equity 1,713.19

Cr Unrealized gain on investment in bonds bonds (AFS) 1,713.19

unamortized premium = ($320,000 x 12%) - ($340,286.81 x 10%) = $38,400 - $34,028.68 = $4,371.32

fair market value $329,700 - carrying value $335,915.49 = -$6,215.49

Dr Unrealized loss on investment in bonds bonds (AFS) 6,215.49

Cr Fair value adjustment - equity 6,215.49

6 0

3 years ago

At an activity level of 9,400 machine-hours in a month, Curt Corporation's total variable production engineering cost is $823,44

tatyana61 [14]

Answer:

$107.5 per machine hour.

Explanation:

Step 1: Calculate the total production engineering cost per hour at activity level of 9,800 machine hours in a month

a. Calculate the Variable cost per Unit = total variable cost/units produced

= $823,440/9400 (initial machine hours)

= $87.6 per machine hour

b. calculate the total variable cost for 9,800 machine hours

=variable cost per unit x 9,800 hours

= $858,480

c. Calculate total production cost for 9,800 hours

=total variable cost + fixed cost

= $858,480 + $195,020

= =$1,053,500

d) calculate the production engineering cost per unit

= Total cost for 9,800/ number of hours

=$1, 053, 500 / 9800 hours

=$107.5 per machine hour.

7 0

3 years ago

Static and Flexible Budgets Graham Corporation used the following data to evaluate its current operating system. The company sel

adelina 88 [10]

Answer:

Actual Budgeted

Units sold 991,000 1,000,000

Variable costs 1,280,000 1,500,000

Fixed costs 955,000 905,000

Actual Results Flexible Budget Static Budget

Units sold 991,000 991,000 1,000,000

Revenues $9,910,000 $9,910,000 $10,000,000

Variable costs -$1,280,000 -$1,486,500 -$1,500,000

Contr. margin $8,630,000 $8,423,500 $8,500,000

Fixed costs -$955,000 -$905,000 -$905,000

Operating income $7,675,000 $7,518,500 $7,595,000

The static budget only considers standard revenue (units sold and price) and costs (both variable and fixed). While a flexible budget will be calculated using standard costs but with actual units sold and produced. Both static and flexible budgets use the same fixed costs, only variable costs and revenues differ.

5 0

3 years ago