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3 years ago

________ refers to the assignment of value, or the amount the consumer must exchange to receive the offering or product.

1 answer:

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The price of an item refers to the assignment of value, or the amount the consumer must exchange to receive the offering or product.

Whether you are purchasing a service or a good you are going to pay a price for that item. The price is determined by the organization as what the expect a consumer to willingly pay. The price is often determined by the value the service or good holds in the eyes of the consumer.

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"all employees must be at their work stations and ready to work by the time the buzzer sounds." this is an example of _______

Misha Larkins [42]

"All employees must be at their work stations and ready to work by the time the buzzer sounds." this is an example of rule. Rules are a must in order to manage employees in the workplace effectively . If rules are correctly implemented and executed both sides (the business/company and the employees ) will be satisfied and successful.

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3 years ago

Cedric, a brand manager, transferred from the united States to japan He dscovered that athough people in the Unted States highly

Firdavs [7]

Answer: collectivism

Complete Question:

Cedric, a brand manager, transferred from the united States to japan He discovered that although people in the United States highly valued individualism, people in Japan expect individuals to conform to group expectations. Cedric concluded that Japan places more of an emphasis on:

Explanation: Collectivism values the group over individuals belonging to the group. In cultures where collectivism is the norm, individuals tend to want to conform to the group expectations. Also, it is common for individuals in collectivist societies to define themselves as belonging to a group than as individuals so groups are a way of identifying themselves.

While individualism values individuals's right and uniqueness, collectivism does not but sees value in maintaining the cohesion in a group, which in turn promotes conformity.

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4 years ago

Why must MPC + MPs always equal 1

AfilCa [17]

Marginal propensity to consume and marginal Propensity to save always equals to each other.you consume only from what you have saved

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3 years ago

Canton Trade Mart has recently had lackluster sales. The rate of inventory turnover has dropped, and the merchandise is gatheri

Tomtit [17]

Answer:

Explanation:

Canton Trade Mart has recently had lackluster sales. The rate of inventory turnover has dropped, and the merchandise is gathering dust. At the same time, competition has forced Canton's suppliers to lower the prices that Canton will pay when it replaces its inventory. It is now December 31, 2018, and the net realizable value of Canton's ending inventory is $ 50,000 below what the company actually paid for the goods, which was $270,000. Before any adjustments at the end of the period, the Cost of Goods Sold account has a balance of $760,000.

a. What accounting action that Canton should take in this situation is inventory write down - from cost to net realizable Value as is prescribed by financial reporting standards.

b. Give any journal entry required.

JOURNAL ENTRY

Dr. Cost of Goods Sold......(270,000 - 50,000)...$220,000

Cr. Inventory...................................................................................$220,000

Being inventory write down of closing inventory to net realizable value at year end.

c. At what amount should the company report Inventory on the balance sheet?

Net Realizable Value of $50,000

d. At what amount should the company report Cost of Goods Sold on the income statement?

Cost of Goods Sold had a previous account balance of $760,000 and will now include the inventory write down of $220,000 making $980,000

e. Discuss the accounting principle or concept that is most relevant to this situation.

International Accounting Standard 2 (IAS 2) stipulates that inventory should be carried at the lower of Cost or Net Realizable Value

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3 years ago

Read 2 more answers

All else constant a large decrease in the number of people who want to own a sport utility vehicle because of their poor fuel ef

Naddik [55]

Answer:

c) a decrease in the equilibrium price of gasoline

Explanation:

Since SUVs and gas are complementary goods, the relation between these two in the example is evident. Since the demand of SUVs decreases, the demand for its complimentary good will also decrease, as it has little to no use without the SUV.

As a consequence, the price of gasoline will decrease, as the demand decreases.

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3 years ago

​________ refers to the assignment of​ value, or the amount the consumer must exchange to receive the offering or product.

________ refers to the assignment of value, or the amount the consumer must exchange to receive the offering or product.