Answer:
Purchases= 3,500lbs
Explanation:
Giving the following information:
Production= 4,000*1.5= 6,000 lbs
Beginning inventory= 5,000 lbs
Ending inventory= 2,500 lbs
<u>To calculate the direct materials purchase, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 6,000 + 2,500 - 5,000
Purchases= 3,500lbs
Answer:
An electronic news portal that offers one complimentary month for something like a free trial service or an institution that offers a free bank account for 6 months are both instances of penetration pricing.
A pricing technique known as price skimming is establishing a premium charge when other rivals enter the market. For instance, the Playstation 3 was initially priced at $599 in the United States, but has now been lowered to around $200.
Answer:
The options for this question are the following:
A) it reduces the possibility that the Henry Ford Health System might make unethical purchasing decisions.
B) it ensures that the Henry Ford Health System is both
ethical and socially responsible.
C) it was trying to save money.
D) it increases the Henry Ford Health System's socially responsible behavior.
E) it ensures that the Henry Ford Health System is socially responsible, but not necessarily ethical.
The correct answer is A. it reduces the possibility that the Henry Ford Health System might make unethical purchasing decisions
Explanation:
The Henry Ford Health System (HFHS) is a complete integrated nonprofit, managed care, healthcare organization in the Detroit Metro. The corporate office is located in a Ford, Detroit, Michigan location. Henry Ford established the health system in 1915, and is currently headed by a council of 17 management members. Henry Ford also owns the Health Alliance Plan health insurance company.
Answer:
The correct answer is (A)
Explanation:
An unearned fee on unearned income is the amount which is added to an account but not received yet. These accounts are usually liability and credit account. It is a liability because it has not received yet. So the general entry of this account is; debit to the cash account and credit to the unearned account.
Answer:
The correct answer is the option B: their switching costs are low.
Explanation:
To begin with, the term known as <em>market power</em>, in the business world, refers to the ability that the customers have in order to make a great change in the market regarding quantity demanded or price of the product even. Moreover, this type of power is due to certain characteristics in some markets.
To continue, in the case presented above, the buyers have higher market power when their switching costs are low due to the fact that the customers find the price of the products among the companies very similar although the products might be different. And therefore that switching among the companies do not represent a high cost for the customers, given them high market power.
