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3 years ago

LO 4.1Which of the following is a conversion cost?

Business

1 answer:

sveta [45]3 years ago

5 0

Answer:

OPTION b

Explanation:

Conversion costs refer to the concept used during cost accounting which is a mixture of labor costs including overhead expenses in processing. In certain words, the cost of processing is the commodity or manufacturing costs of a supplier apart from the expense of the raw resources of an item.

In other words, processing costs are the manufacturing or engineering costs required to transform raw resources in to goods. The phrase conversion costs also occur in a method costing method when calculating the cost for an identical product.

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The objective of _____ is to build sales, market share, and profits quickly by providing an incentive to purchase the product im

3241004551 [841]

Answer: Market Penetration Pricing.

Explanation:

MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.

When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.

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3 years ago

The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs th

forsale [732]

The answer business. This is made up of association of people where they share a common purpose or interest in having to focus the talents that they have and to be able to organize these skills and offer this for their own benefit.

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3 years ago

What is the Federal Reserve System able to do?

ExtremeBDS [4]

Answer:

Explanation:

The federal reserve systems responsibilities include influencing the supply of money and credit to banks

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2 years ago

Consider the following case: John Smith is a archaeologist with a Ph.D. He has excavated sites across much of South America and

STatiana [176]

According to the case, the use of Ph.D. on the ads for hair care products by John Smith is considered an example of the fallacy of inappropriate expertise.

The provided statement is true.

<h3>What is a fallacy?</h3>

A fallacy is an unlawful statement that is used by someone in stating any reasoning or argument which can even be harmful to society.

In the given case, John is having Ph.D. degree in the archaeology field, and his attempt to use the word Ph.D. on the haircare goods marketed by him would be a fallacy in respect of inappropriate expertise. The fallacy could be the use of the Ph.D. word on ads and the inappropriate expertise is that he doesn't have any knowledge regarding skincare and dermatology area.

Therefore, this may create a harmful effect on the individuals who are buying them as it is not authorized by a dermatologist.

Learn more about the fallacy in the related link:

brainly.com/question/2516239

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5 0

2 years ago

Consider luxury weekend hotel packages in Las Vegas. When the price is $250, the quantity demanded is 2,000packages per week. Wh

konstantin123 [22]

Answer:

The elasticity is about 1.43, and an increase in the price will cause hotels' total revenue to decrease

Explanation:

The formula of the midpoint for the variation of the quantity is $\frac{Q2-Q1}{(Q2+Q1)/2} *100$ and for the price is $\frac{P2-P1}{(P2+P1)/2} *100$ . With the variation of the price and the quantity the elasticity formula is ΔQ/ΔP. Replacing the elasticity is -1.43

The price elasticity of the demand is bigger than 1, that means that the demand is elastic, every increase of the price will cause a bigger decrease of the quantity, the revenue will drop because the increase of the price do not compansete the decrease of the quantity.

6 0

3 years ago