Answer:
Crane Inc.
The ending inventory at cost using the conventional retail method is:
= $23,426.
Explanation:
a) Data and Calculations:
Cost Retail
Beginning inventory $12,000 $19,600
Net purchases 105,056 159,600
Net markups 9,600
Goods available $126,656 $188,800
Ratio of cost to retail price = 67% ($126,656/$188,800)
Cost of goods sold 107,602 ($160,600 * 67%)
Ending inventory $23,426
Answer:
Substitute goods
Explanation:
Substitutes goods are products that can be used in place of one another. Consumers will be happy consuming either of the substitute goods. Therefore, substitute goods are similar and offer solutions to similar customer problems. Examples of substitute goods are tea and coffee.
If the price of one substitute good decreases, its demand will rise. Customers will prefer consuming that product over its substitutes due to its lower prices. The demand for other substitute goods will decrease as customers prefer the more affordable options.
Answer:
B. Survey
Explanation:
Survey is a method of data collection used in research study in which a given set of questions is administered to a pre determined group of respondents with the aim of eliciting necessary information concerning the research in question. It involves collecting data first hand from respondents. Data usually collected with this method are referred to as primary data. Surveys are usually done using two methods, either with the aid of a well structured questionnaire or interview method. The respondents interviewed have already been predetermined based on interest and sampling technique used. By handing out a set of questions to small shoppers and others, they are carry out a survey.
Answer:
c. Increase collision deductible to $500.
Explanation:
The adjustment of Increase collision deductible to $500 would allow Jerry to meet his goal.
Answer:
Concentration of Media ownership
Explanation:
Many sad consequences have risen due to this growing trend such as:
1. American media are becoming more loyal to advertisers and government rather than to remain neutral or loyal to the public interest.
2. The elites are controling media information.
Also leading to corporate censorship of the mass media.