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2 years ago

How does technological change affect industry evolution? And how should firms manage product adoption and diffusion?

Business

1 answer:

elena-14-01-66 [18.8K]2 years ago

7 0

Answer:

How does technological change affect industry evolution?

Technological change greatly affects industry evolution. It is perhaps the most important factor in industry evolution, because technological advancements create new industries, and cause the death of other industries.

For example, the telephone industry replaced the telegraph industry, and the internet has made many technologies obsolete.

And how should firms manage product adoption and diffusion?

Firms should manage product adoption and diffusion in a strategic matter. Firms should look for new products with some anticipation in other to make a profit on customer and technological trends. Firms should also establish when to discard old products that are becoming obsolete in the market.

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Bob can afford car payments of $365 per month for 5 years. If the interest rate is 4.9 percent, how much money can he afford to

tester [92]

Based on an interest rate of 4.9% per year and a monthly payment of $365 for 5 years, Bob can afford to borrow $19,388.64 today.

<h3>What is the present value?</h3>

The present value is the discounted value of future cash flows. It can be computed by using an online finance calculator as follows or the annuity present value formula.

<h3>Data and Calculations:</h3>

N (# of periods) = 60 (5 years x 12 months)

I/Y (Interest per year) = 4.9%

PMT (Periodic Payment) = $365

FV (Future Value) = $0

P/Y (# of periods per year) = 12

C/Y (# of times interest compound per year) = 12

Results:

PV = $19,388.64

Sum of all periodic payments = $21,900 ($365 x 60)

Total Interest = $2,511.36

Thus, based on the given facts, Bob can afford to borrow $19,388.64 today.

Learn more about the present value calculations at brainly.com/question/20813161

4 0

2 years ago

maximum amount willing to payGenesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division

Bezzdna [24]

Answer: $2.60

Explanation:

Based on the information given in the question, the maximum amount that the Cologne Division would be willing to pay for each bottle transferred would be the amount that the company can purchase the containers in the external market which is given in the question as $2.60.

That's the highest amount that they can but the containers for. Therefore, the answer is $2.60

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2 years ago

A company has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.

Galina-37 [17]

Answer:

Dr Bad Debt expense 6,000
Cr Allowance for Doubtful Accounts account 6,000

Explanation:

The total estimated bad debts are $4,800 (= $80,000 x 6%). So the Allowance for Doubtful Accounts account ending balance should be $4,800. Since this account is a contra asset account, the ending balance should be $4,800 credited.

But currently the account has a $1,200 debit balance (it's like -$1,200), so the adjustment record must be = $4,800 + $1,200 = $6,000

That way the ending balance = $6,000 - $1,200 = $4,800

The journal entries should be:

Dr Bad Debt expense 6,000
Cr Allowance for Doubtful Accounts account 6,000

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2 years ago

What new deal programs provided relief for unemployment?

frosja888 [35]

Civillian Conservation Corps (CCC)

Federal Emergency Relief Act (FERA)

Public Work Administration (PWA)

Work Progess Administration (WPA)

hope this helps

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2 years ago

What unique feature do savings bonds have?

Gnom [1K]

B is correct answer.

Because they are protecting against by the inflation risk.

Hope it helped you.

-Charlie

Have a great day!

Thanks!

5 0

2 years ago

Read 2 more answers