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Dafna11 [192]
3 years ago
8

A watch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made b

y this company do not have any stand out feature to differentiate itself from the other companies or justify its high price. this company would be considered as a _____ firm.
Business
2 answers:
Art [367]3 years ago
8 0

"Stuck in the middle" firm.

These types of companies do not differentiate themselves or offer better prices, so they are stuck in the middle and at a competitive disadvantage in the marketplace.

anygoal [31]3 years ago
3 0

Answer:

This company would be considered as a <u>Price Discriminating</u> firm.

Explanation:

Whereas product differentiation is a pricing strategy whereby companies charge higher prices by distinguishing their product among competing products to make it more attractive to a specific target market, Price Discrimination prices its goods at higher prices without a focus on distinguishing its product from others.

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Which of the following describe what producers offer as they compete for more customers? higher prices better customer service m
EleoNora [17]
B. better customer service 
6 0
3 years ago
Read 2 more answers
When a liability is first recorded, it is _____. reported as a current liability. reported as a long-term liability. measured in
bekas [8.4K]

Answer:

measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events.

Explanation:

According to my research on financial accounting terms, the term liability is defined as the state of being legally responsible for something (dept such as auto or student loans). When a liability is first recorded it is measured in terms of the probable future payment of assets or services that a company is presently obligated to make as a result of past transactions or events. Basically calculating the amount of future payments that need to be made by the dept owner.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Dexter Industries purchased packaging equipment on January 8 for $116,600. The equipment was expected to have a useful life of t
Luden [163]

Answer:

  • Straight-line method: $36,667 yearly depreciation expense for 3 years.
  • Unit-of-production method: Year 1 - $47,850, Year 2 -  $40,590, Year 3 - $21,560
  • Double-declining method: Year 1 - $77,737, Year 2 -  $25,910, Year 3 - $6,353

Total for 3 years is $110,000 for all the depreciation methods.

Explanation:

(A) Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($116,600 - $6,600) / 3 years = $36,667 yearly depreciation expense.

Accumulated depreciation for 3 years is $36,667 x 3 years is $110,000.

(B) The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 1, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 8,700 hours = $47,850

At Year 2, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 7,380 hours = $40,590

At Year 3, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 3,920 hours = $21,560

Accumulated depreciation for 3 years is $47,850 +$40,590 + $21,560 = $110,000.

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in Year 1.

(C) The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/3 years = 33.33%, then 33.33% multiplied by 2 to give 66.67% or 2/3

At Year 1, 66.67% X $116,600 = $77,737

At Year 2, 66.67% X $38,863 ($116,600 -  $77,737) = $25,910

At Year 3, 66.67% X $12,953 ($38,863 -  $25,910) = $8,636. This depreciation will decrease the book value of the asset below its salvage value $12,953 - $8,636 = $4,317 < $6,600. Depreciation will only be allowed up to the point where the book value = salvage value. Consequently the depreciation for Year 3 will be $6,353.

Accumulated depreciation for 3 years is $77,737 + $25,910 + $6,353 = $110,000.

6 0
3 years ago
Marketing practitioners commonly refer to the 4 P's of the Marketing Mix: Product, Price, Place and Promotion. In the service en
Bezzdna [24]

Answer:

Process, Physical Evidence and People

Explanation:

Marketing mix is the term which is described as the set of tactics or the actions which a business or a company follows or use in order to promote the product or the brand in the market.

And the 4 Ps of the marketing mix are Promotion, Price, Place and Product. These are related to the product of the business or the company.

For the service environment, there are 3 additional Ps which are consist of People who use the service, Process involve the processing of the service and lastly, the Physical evidence, which states the evidence for the service.

7 0
3 years ago
Harcourt Manufacturing (HM) has the capacity to produce 10,000 fax machines per year. HM currently produces and sells 7,000 unit
krek1111 [17]

Answer:

Harcourt Manufacturing (HM)

1. Based on this information (ignore qualitative characteristics) :________.

a. HM should reject the offer because accepting it will reduce profitability by $2,000.

2. A company should accept a special order if: _______.

a. additional revenue is greater than relevant costs.

Explanation:

a) Data and Calculations:

Production capacity for fax machines per year = 10,000

Current production units per year = 7,000

Excess capacity = 3,000 (10,000 - 7,000)

Rental fee for excess capacity = $12,000

Selling price of the fax machine per unit = $100

Unit-level costs:

Direct labor = $15

Direct materials = $40

Total cost per unit = $55

Special order = 2,000 units

Product-level costs= $50,000

Facility-level costs = $65,000

Total revenue from special order =   $120,000 (2,000 * $60)

Total variable cost for special order =  110,000 (2,000 * $55)

Contribution margin from special order $10,000 (2,000 * $5)

Comparison with Rental fee $12,000 and $10,000

5 0
3 years ago
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