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sveticcg [70]
3 years ago
11

sometimes sellers have little choice in setting a selling price because it is already marked on the item by the manufacturer. wh

ich of the following commodities is mentioned in your reading material as a common example of this?
Business
1 answer:
vladimir2022 [97]3 years ago
4 0
One of the example of the commodities in which the sellers have little choice in setting selling price is books

In selling a books, all the price is usually arranged by the publisher and manufacturer and the seller could not really set the selling prices unless they have enough resource to self-publish
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When consumers believe that various items provide the same set of attributes, brand _________ results.
IrinaK [193]

When consumers believe that various items provide the same set of attributes, brand recognition results. The degree to which a consumer can correctly identify a specific good or service only by looking at its logo, tagline, packaging, or marketing campaign is known as brand recognition.

An aural cue, such as a jingle or theme tune related to a brand, can also cause brand recognition. For instance, if you see the pink and orange Dunkin Donuts lettering up ahead, you would immediately recognize it as Dunkin Donuts even before you could make out the words. Identify a brand without being explicitly exposed to its name by using visual.

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4 0
2 years ago
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a comp
balandron [24]

Answer:

Explanation:

The diagram and step by step solution to the answer can be seen in the attached image below

KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.

4 0
3 years ago
Murphy Company, a cash-basis, calendar-year taxpayer, received a call on December 28, year 1, from a client stating that a check
Elodia [21]

Answer:

Murphy Company

The year in which Murphy recognizes the income is year 2.

Explanation:

As a cash basis taxpayer, Murphy Company reports income and deductions in the year that they are actually paid or received.  Similarly, as a cash basis taxpayer, Murphy Company deducts expenses in the year the expenses are paid off, which is not necessarily the year they were incurred.  The income for services of $9,000 rendered to a customer, for which payment was received on January 3, year 2, will be recognized in year 2 and not in year 1 when the services were performed.

4 0
3 years ago
Which of the following provides for a reduction in the employer's state unemployment tax rate based on the employer's experience
statuscvo [17]

Answer:

b.Experience-rating plan

Explanation:

Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited.  The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.

This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses.   An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor.  A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.

6 0
3 years ago
The average capital balances of partners Bridget and Emily are $3,000 and $6,000, respectively. Both women work at the business
tino4ka555 [31]

Answer:

Bridget's shares=(1/3)×12000=$4,000

Explanation:

Total Capital investment=Bridget capital investment+Emily Capital investment

where;

Bridget capital investment=$3,000

Emily Capital investment=$6,000

Replacing;

Total Capital investment=(3,000+6,000)=$9,000

Bridget's shares=(Bridget capital investment/Total Capital investment)=(3000/9000)=1/3 of total shares

Emily's shares=(Emily Capital investment/Total Capital investment)=

(6000/9000)=2/3 of total shares

Total net income of the business=$12,000

Bridget's shares=(1/3)×12000=$4,000

Emily's shares=(2/3)×12000=$8,000

5 0
3 years ago
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