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2 years ago

6

A _____ occurs when a company's management decides to add products to an existing product line in order to compete more broadly

in the industry.
a. product line reeling

b. product line classification

c. product line extension

d. product line contraction

1 answer:

Harman [31]2 years ago

7 0

C. Product line extension.

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Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th

RUDIKE [14]

Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

<u><em>The income statement</em></u>

Sales Revenue $ 67,700

COGS ($ 53,400)

Delivery expenses ($ 2,600)

Salary expenses ($ 5,500)

Net profit $ 6,200

<u><em></em></u>

<u><em>Balance Sheet</em></u>

Asset

Cash $ 1,200

Equipment $ 29,000

Building $ 40,000

Supplies $ 3,400

Total Assets $ 73,600

Equity

Common Stock $ 44,000

Retain earning $ 24,400

(18,200 + 6,200)

Liability

Account Payable $ 4,400

Salaries payable $ 8,00

Total Liabilities $ 73,600

<u><em>Statement of Stockholders</em></u>

Opening common Stock $ 40,000

Addition $ 4,000

Closing common Stock $ 44,000

Retain earning Opening $ 18,200

Net profit $ 6,200

Retain profit Closing $ 24,400

Total Equity $ 68,400

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3 years ago

In the United States, which assessment system measures inflation?

tresset_1 [31]

Answer:

C. consumer price index

Explanation:

Inflation is the general increase in prices in a country in a period. In the US, inflation is measured using the consumer price index, CPI. The CPI is a measure of the weighted average price of selected goods and services that represent the general consumption in the economy. The weighted average price at a particular time is compared to the weighted average price at the beginning of the period.

The weighted average price for the basket is compared to the previous period to determine the rate at which prices are increasing. A high rate of price increment signifies a high rate of inflation. The Government sets a target rate of inflation for the economy. It employs fiscal and monetary policies to keep inflation within acceptable levels.

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3 years ago

A single-price monopoly _______. A. experiences economies of scale over the relative portion of the LRAC curve B. is a price t

Allisa [31]

Answer:

C

Explanation:

Because he can not price discriminate

4 0

2 years ago

Read 2 more answers

Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square

Phantasy [73]

Answer:

Direct Materials = $969,000

Direct Labor = $699,400

Factory overhead = $214,600

WIP = $2,200

Finished Goods = ($2,000)

Cost of Goods = $1,883,200

Explanation:

Direct Materials = $969,000

403,500 x 6 square yards = 2,421,000

2,421,000 + (40,400 - 38,900) = 2,422,500

2,422,500 x 0.40 per square yard = $969,000

Direct Labor = $699,400

403,500 personal journals

403,500 * 8 minutes = 3,228,000 minutes

3,228,000/60 minutes = 53,800

53,800 x $13.00 = $699,400

Prepare a cost of goods sold budget for Daybook Inc. using the information above

Direct Materials = $969,000

Direct Labor = $699,400

Factory overhead = $214,600

WIP ($16,500 - $14,300) = $2,200

Finished Goods ($28,000 - $30,000) = ($2,000)

Cost of Goods = $1,883,200

6 0

3 years ago

Which of the following statements are reasons why operations management is important?

mafiozo [28]

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

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2 years ago