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Sav [38]
3 years ago
5

If a manager designs the shoe department in a manner that one of its private-label pairs of shoes, priced at $39.99, is position

ed next to a well-known national brand of shoes priced at $69.99, what strategy is the manager attempting to accomplish?
Business
1 answer:
Mandarinka [93]3 years ago
4 0
<span>This is reference pricing. The store-brand of the shoes is placed close enough to the national, name-brand that the customer can see the difference in the two prices. This gives the customer a reference point to see how much they might actually be saving by going with a private-label product.</span>
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Why do governments exist? (Choose three responses)
Karo-lina-s [1.5K]
B. To provide law and order
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3 years ago
Read 2 more answers
Managers rarely have to manage multicultural teams within one organization in one location.
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<span>In today's world, even single-location facilities often draw a workforce composed of individuals from a plethora of different geographical, ethnic, social, and religious groups. As such, even a locally-oriented manager must be globally-minded, with an ability to manage across cultures to maximize the potential of his employees. As such, the answer here is certainly b. False.</span>
4 0
3 years ago
Buffalo Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the
katen-ka-za [31]

Answer:

the issue price of the bonds is $593,177

Explanation:

The computation of the issue price of the bonds is shown below:

Particulars                  Amount          PV factorat 5%      Present value

Semi-annual interest $28,350              11.68959              $331,400

Principal                     $630,000            0.41552               $261,778

Total                                                                                     $593,177

hence, the issue price of the bonds is $593,177

6 0
3 years ago
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $910,000 and liabilities of $300
Sindrei [870]

Answer:

$70,000

Explanation:

From the accounting equation, stockholders' equity is asset minus liabilities, as a result, we would determine stockholders' equity at the end of years 1 and 2 as shown thus:

Year 1 stokcholders' equity=$910,000-$300,000=$610,000

Year 2 stockholders' equity=$995,000-$290,000=$705,000

The closing stockholders' equity is the beginning stockholders' equity plus net income and additional invested capital minus dividends

$705,000=$610,000+net income+$60,000-$35,000

net income=$705,000-$610,000-$60,000+$35000

net income=$70,000

5 0
3 years ago
In October, Pine Company reports 20,700 actual direct labor hours, and it incurs $124,200 of manufacturing overhead costs. Stand
mars1129 [50]

Answer:

$18,810 Unfavorable

Explanation:

The computation of the overhead volume variance is shown below:-

Overhead volume variance = Budgeted Overheads - Recovered Overheads

= (20,700 × $4.45 + $54,000) - (20,700 × $6.15)

= $92,115 + $54,000) - (20,700 × $6.15)

= $146,115 - $127,305

= $18,810 Unfavorable

Here, the budgeted overhead is more than recovered overhead so it becomes unfavorable.

7 0
3 years ago
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