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Dmitriy789 [7]
3 years ago
15

What are the five conditions that must exist for an exchange to occur?

Business
1 answer:
WARRIOR [948]3 years ago
5 0

Answer:

Please check below for answer.

Explanation:

Exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.

Hence, the five conditions that must exist for an exchange to occur are;

1. There must be at least two parties involved.

2. Each party has something that might be of value to the other party.

3. Each party is capable of communication and delivery.

4. Each party is free to accept or reject the offer.

5. Each party believes it is appropriate or desirable to deal with the other party.

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In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 80,000 uni
Mariana [72]

Answer: Option (c) is correct.

Explanation:

Given that,

Beginning work in process = 20,000 units and 70% completed

So, Units transferred = 20,000 × 30%

                                   = 6,000

Direct transferred = 80,000 units

Ending work in process = 10,000 × 40%

                                        = 4,000

Therefore,

Units were transferred out of the process in June:

= Beginning WIP transferred + Direct transferred  + Ending work in process

= 6,000 + 80,000 + 4,000

= 90,000 units

3 0
2 years ago
Garth was amazed to hear that his friend Lindsey always pays off her credit card balance each month. Garth just assumed that eve
vampirchik [111]

Answer:

Garth is a "REVOLVER "

Explanation:

Garth is a "Revolver" type of credit user, because he  doesn't pay up the  monthly payments on his card in full and on time, instead he carries debts over to the other months by paying in monthly installments

Based on the type of credit user Garth is, when picking up a credit card Garth should consider going for credit cards with low interest rate/APR charges and a longer grace period as well.

4 0
3 years ago
Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point syste
fenix001 [56]

Answer:

Best reorder size = 216

Reorder point = 35

Explanation:

Required:

Using the above information, find the best order size and the reorder point.

To find the best order size, EOQ, use the formula:

EOQ = \sqrt{\frac{2DS}{H}}

= \sqrt{\frac{2*3500*50}{0.25*30}}

= \sqrt{\frac{350000}{7.5}}

= 216.02

Best reorder size is 216 mufflers

To find the reorder point, use the formula:

R = d' L + z \sigma_L

Where d' = average daily demand

L = lead time in days

z = number of standard deviation from a specified probability

\sigma_L = standard deviation of usage in lead time

Daily demand, d'= \frac{3500}{300} = 12

12 mufflers

Since lead time is 2 working days, standard deviation of lead time \sigma_L = \sqrt{2} * 6 = 8.48

Therefore,

R = d' L + z \sigma_L

= (12 * 2) + (1.28 * 8.48)

= 24 + 10.9

= 34.9

Approximately 35

Reorder point is = 35 mufflers

8 0
3 years ago
_____, which is the ease with which consumers can sample or use a new product innovation, _____ the diffusion rate.
ivolga24 [154]

Answer:

Trialbility; increases

Explanation:

A marketing mix can be defined as the choices based on pricing strategy, product attributes, communication and distribution strategy that a business firm offer to its potential customers and target markets.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc

Hence, trialbility which is the ease with which consumers can sample or use a new product innovation, increases the diffusion rate.

This ultimately implies that, when a business firm avails its customers the opportunity to try out their newly introduced or invented products, it increases the rate at which the product will become accepted in the market.

5 0
3 years ago
Interest may be capitalized: a. Whether or not there is specific borrowing for the construction. b. On self-constructed assets f
storchak [24]

Answer:

The correct option is A

Explanation:

Capitalization is the term or the process in which there is an addition of the interest which is unpaid to the principal amount of the loan. And the principal  or the original amount of the loan increases or rises when the payments got postponed during the deferment periods and then the interest which is unpaid is capitalized.

So, it will be capitalized whether or not there is particular or the specific amount of borrowing for the construction.

8 0
3 years ago
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