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3 years ago

12. Assume there are 3.5 billion Internet users worldwide and 900 million of those are in Europe. What percentage of

Business

1 answer:

Archy [21]3 years ago

3 0

Answer:

The percentage of internet users that are in Europe is the 25,8%

Explanation:

The percentage of worldwide Internet users that are in Europe is obtained when calculating the following operations:

1. You must know what is the base or total figure you want to use to determine the share of an specific group contained in the total. In this case 3.5 Billion is the base figure you will use.

2. You want to know what is the figure with which you will determine the percentage share in this case is 900 million.

3. You replace the values in the following formula:

percentage share = (( Share Figure ) ) x 100

Base or total figure

percentage share = (( 900'000.000 ) ) x 100

3.500'000.000

percentage share = 0,2571 x 100

percentage share = 25,71 %

4. As you want to round your answer to one percentage place, then you round to ,71 to ,8 that is the next higher decimal number.

percentage share = 25,8%

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Which of the following best represents the pricing behavior of firms in a monopolistically competitive industry?

allochka39001 [22]

Answer:

The correct answer is option B.

Explanation:

A monopolistic firm is characterized by a large number of buyers and sellers in the market producing differentiated products which are close substitutes, there are relatively easier entry and exit in the market.

In the given question, Teen Angle Hardware is looking for a niche or a slightly differentiated product to sell to teenagers. But is able to earn only a normal profit because there is a large number of firms in the market. And new firms can enter the market in the long run. So, this firm is an example of a monopolistic firm.

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3 years ago

Amazon Company uses predetermined departmental overhead rates based on direct labor cost to apply manufacturing overhead to jobs

Rom4ik [11]

Answer:

a. $270,000

Explanation:

Department A:

Manufacturing overhead=200% of direct labor

80000 = 200% of direct labor

So, direct labor = 80000/200%=$40,000

Department B:

Manufacturing overhead=50% of direct labor

So, Manufacturing overhead = 50%*60000=$30,000

Total manufacturing cost = Material cost + Labor cost + Manufacturing overhead

- Material cost = 50000+10000=$60,000

- Direct labor cost = 40000+60000=$100,000

- Manufacturing overhead = 80000+30000=$110,000

Total manufacturing cost = $60,000 + $100,000 + $110,000

Total manufacturing cost = $270,000

4 0

3 years ago

Select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy. Multiple select question

Alenkinab [10]

The leadership plans that must be included to achieve a solid business strategy are options A, C, and D. Option A is to increase sales; Option C is to attract new customers; and Option D is to reduce costs.

<h3>What is a business strategy?</h3>

An outline that is drawn by keeping in mind the set of goals, plans, or actions that are to be achieved by the company for a successful business in the market with the same kind of product or service is known as a business strategy.

In simple words, to make the growth of business continuous and to maintain the position of business or to grow it, a systematic plan is made on which all the employees of the firm work. This plan is known as a business strategy.

Therefore, 3 goals or objectives that a leadership plan might include to achieve a solid business strategy are option A: increasing sales power, Option C is to attract new customers, while Option D is to reduce costs.

Learn more about business strategy from here:

brainly.com/question/3325483

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4 0

2 years ago

Sales revenue for a sporting goods store amounted to $528,000 for the current period. All sales are on account and are subject t

weqwewe [10]

Answer:

The answer is A. A debit to Accounts Receivable for $ 586,080

Explanation:

Sales tax is an additional amount of money one pays based on a percentage of the selling price of goods and services that are purchased.

The sales tax amount will be added to sales revenue to form the total bill.

Sales revenue ----------------- $528,00

Sales tax -------------------------- 11%

Sales tax amount

$528,00 x 0.11

= $58,080

Therefore, total bill is:

$528,00 + $58,080

=$586,080.

Debit increases an asset(accounts receivable) while credit decreases an asset(accounts receivable).

Since the accounts receivable will increase, it will be on debit side.

8 0

3 years ago

At the beginning of June, Kimber Toy Company budgeted 23,000 toy action figures to be manufactured in June at standard direct ma

arsen [322]

Answer:

Direct Material quantity variances = $600 (Favorable)

Direct labor time variances = $279 (Unfavorable)

Explanation:

Requirement A,

We know,

Direct Material quantity variances = (Actual quantity - Standard quantity) × Standard cost per unit

Given,

a) Standard cost per unit = $0.50 per pound

b) Actual Quantity = Actual direct materials ÷ Standard cost per unit

Actual Quantity = $21,100 ÷ $0.50

Actual Quantity = 42,200 pounds.

c) Standard quantity = Actual production ÷ Standard cost per unit = 20,500 toys ÷ $0.50 per pound

Standard quantity = 41,000 pounds

Putting the values into the above formula,

Direct Material quantity variances = (41,000 - 42,200) pounds × $0.50 per pound

Direct Material quantity variances = $600 (Favorable)

As the standard quantity is higher than actual quantity, the company is in favorable condition.

Requirement B

We know,

Direct labor time variances = (Actual Hour - Standard Hour) × Standard labor rate per hour

Given,

a) Standard labor rate per hour = $9.00

b) Actual Hour = Actual direct labor ÷ standard direct labor rate

Actual Hour = $9,500 ÷ $9.00

Actual Hour = 1,056 hours

c) Standard hour = [(Standard Direct labor ÷ standard direct labor rate) ÷ Budgeted production] × Actual production

Standard hour = [($10,350 ÷ $9.00) ÷ 23,000] × 20,500

Standard hour = 1,025 hours

Putting the values into the above formula,

Direct labor time variances = (1,056 - 1,025) hours × $9.00

Direct labor time variances = $279 (Unfavorable)

As the standard hour is lower than actual hour, the company is in unfavorable condition.

3 0

3 years ago