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MA_775_DIABLO [31]
3 years ago
10

Many store brands use packaging and labeling that is similar to the more expensive national brand. The hope is that the look-ali

ke package will elicit a similar response in consumers that encourages them to purchase the cheaper store brand. This is an example of Group of answer choices
Business
1 answer:
olga nikolaevna [1]3 years ago
6 0

Answer:

Stimulus generalization

Explanation:

Stimulus generalization defines that it is the process of call up for a reason by giving responses. For example we call dog by using the bell so that dog can come for food.

Therefore according to the given situation, Many store brands use similar packaging and labeling to the more expensive big company. The idea is that in customers, the look-alike kit would evoke a similar reaction that allows them to buy the affordable store brand so this is an example of Stimulus generalization

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Which is a barrier to entry? close substitutes diseconomies of scale government licensing price-taking behavior
mestny [16]

Government Licensing is a barrier to entry. The obstacles or hindrances that make it difficult for new companies to enter a given market are referred to as barriers to entry.

Licenses and permits are government-issued entry barriers. These are typically issued by the government in order to maintain quality while also reducing competition. As a result, it will be difficult for new businesses or individuals to enter.

Barriers to entry generally operate on the asymmetry principle, which states that different firms have different strategies, assets, capabilities, access, and so on. When barriers become dysfunctional, incumbents can keep out virtually all competitors, resulting in a monopoly or oligopoly.

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6 0
2 years ago
Corrine works in a doctor's office. Sometimes the office is slow with only a few clients. She always finds tasks to keep her bus
Temka [501]
This is an initiative working habit.
5 0
3 years ago
Leach Inc. experienced the following events for the first two years of its operations:
11111nata11111 [884]

Answer:

a.1) <u>year 1</u>

Issued $10,000 of common stock for cash.

Dr cash 10,000

    Cr common stock 10,000

Provided $78,000 of services on account.

Dr accounts receivable 78,000

    Cr service revenue 78,000

Provided $36,000 of services and received cash.

Dr cash 36,000

    Cr service revenue 36,000

Collected $69,000 cash from accounts receivable.

Dr cash 69,000

    Cr accounts receivable 69,000

Paid $38,000 of salaries expense for the year.

Dr wages expense 38,000

    Cr cash 38,000

Adjusted the accounting records to reflect uncollectible accounts expense for the year.  Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Dr bad debt expense 450

    Cr accounts receivable 450

Closed the revenue account. Closed the expense account.

Dr service revenue 114,000

    Cr income summary 114,000

Dr income summary 38,450

    Cr wages expense 38,000

    Cr bad debt expense 450

Dr income summary 75,550

    Cr retained earnings 75,550

<h2>b.1) income statement year 1</h2>

Service revenue           $114,000

Expenses:

  • Wages $38,000
  • Bad debt $450    <u>($38,450)</u>

Net income                   $75,550

<h2>balance sheet year 1</h2>

Assets:

Cash $77,000

Accounts receivable $8,550

total assets                                           $85,550

Equity:

Common stock $10,000

Retained earnings $75,550

total equity                                            $85,550

<h2>statement of cash flows year 1</h2>

Cash flows form operating activities:

Net income                                      $75,550

adjustments:

Increase in accounts receivable     <u>($8,550)</u>

net cash from operating activities  $67,000

Cash flow from financing activities:

Common stocks issued                   <u>$10,000</u>

Net cash increase                           $77,000

beginning cash balance                <u>          $0</u>

Ending cash balance                      $87,000

a.2) <u>Year 2:</u>

Wrote off an uncollectible account for $650.

Dr bad debt expense 650

    Cr accounts receivable 650

Provided $88,000 of services on account.

Dr accounts receivable 88,000

    Cr service revenue 88,000

Provided $32,000 of services and collected cash.

Dr cash 32,000

    Cr service revenue 32,000

Collected $81,000 cash from accounts receivable.

Dr cash 81,000

    Cr accounts receivable 81,000

Paid $65,000 of salaries expense for the year.

Dr wages expense 65,000

    Cr cash 65,000

Adjusted the accounts to reflect uncollectible accounts expense for the year.  Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible.

Dr bad debt expense 745

    Cr accounts receivable 745

<h2>b.2) income statement year 2</h2>

Service revenue             $120,000

Expenses:

  • Wages $65,000
  • Bad debt $1,395    <u>($38,450)</u>

Net income                      $53,605

<h2>balance sheet year 2</h2>

Assets:

Cash $125,000

Accounts receivable $14,155

total assets                                           $139,155

Equity:

Common stock $10,000

Retained earnings $129,155

total equity                                            $139,155

<h2>statement of cash flows year 2</h2>

Cash flows form operating activities:

Net income                                      $53,605

adjustments:

Increase in accounts receivable     <u>($5,605)</u>

net cash from operating activities  $48,000

Net cash increase                           $48,000

beginning cash balance                <u> $77,000</u>

Ending cash balance                    $125,000

c) net realizable value of accounts receivable at year 1 = $8,550

net realizable value of accounts receivable at year 2 = $14,155

7 0
3 years ago
the cost object(s) of the activity-based costing method is(are): Multiple Choice The unit of product. The production departments
Agata [3.3K]

Answer: d. The production activities in the first stage and the unit of product in the second stage

Explanation:

Activity based Costing is primarily a method of assigning indirect costs like administrative expenses to the goods and services manufactured by a company by basing it on the activities of the company.

With Activity Based Costing, the company aims to figure out how much these aforementioned activities cost first and then calculating the cost per unit in the second stage by assigning cost per level of activity.

7 0
3 years ago
Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $480,
Olin [163]

Answer:

b. 320000

Explanation:

In order to calculate the joint cost of Gorp we need to understand what the method means and how it's used to calculate it. The adjusted sales method is used to allocate joint costs based on the prices the products are sold.

First of all we need to calculate the percentage of Selling price of Gorp to that of the total selling price of both Gorp and Gumm.

I.e: 60 ÷ (60+30) × 100

SP % of Gorp= 66.67%

Now we calculate joint cost allocated to Gorp.

Total joint cost of both Gorp and Gumm = $480000

Joint cost of Gorp = $480000 × 66.67%

Joint cost of Gorp = $320,000

3 0
3 years ago
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