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goldenfox [79]
3 years ago
10

Neon Electronics Inc. sourced touch screens required for its tablet computers, cell phones, and televisions from a manufacturer

in China. But the demand for such components was high globally, and the supplier could not meet the quality standards of Neon Electronics. Thus, Neon Electronics decided to set up its own unit to develop and manufacture the required touchscreens. What does this scenario best illustrate
Business
1 answer:
tamaranim1 [39]3 years ago
7 0

This scenario best illustrate Backward vertical integration

Explanation:

Backward integration is a vertical integration that extends the role of a organization to perform roles traditionally performed by firms in the supply chain.

In other terms, backward integration is where an enterprise imports another company providing the necessary goods or services for production.

For examples, an company might purchase the product or raw materials manufacturer. Businesses often complete retrograde incorporation of these other businesses or combine of them. However, they may set up their own divisions to perform this mission.

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Marketing traditionally has been divided into a set of four interrelated decisions and consequent actions known as the?
My name is Ann [436]

Marketing traditionally has been divided into a set of four interrelated decisions and consequent actions known as the marketing mix

This is further explained below.

What is the marketing mix?

Generally,  The marketing process has historically been broken down into a series of four choices and subsequent actions that are together referred to as the marketing mix.

In conclusion, The "marketing mix" is a program made for businesses that have traditionally centered around the product, price, put, and promotion. The term "marketing mix" refers to this model.

Read more about the marketing mix

brainly.com/question/13495504

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5 0
1 year ago
Liu Electronics budgeted sales of $400,000.00 for the month of November and cost of goods sold equal to 65 percent of sales. Beg
Leno4ka [110]

Answer:

Purchases= $252,000

Explanation:

Giving the following information:

Sales= $400,000

Cost of goods sold equal to 65 percent of sales.

Beginning inventory= $80,000

Ending inventory= $72,000

To calculate the purchase required, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

Purchases= (400,000*0.65) + 72,000 - 80,000

Purchases= $252,000

8 0
2 years ago
The following balance sheet for the Hubbard Corporation was prepared by the company:
crimeas [40]

Answer:

    HUBBARD CORPORATION

             Balance Sheet

        At December 31, 2021

<u>Assets</u>

Current assets:

Cash $63,000

Accounts receivable (net) $126,000

Inventory $163,000

Short term investments - AFS securities $23,000

Total current assets: $375,000

Investment in equity securities $43,000

Patent (net) $103,000

Machinery $283,000

Assets Buildings $753,000

Accumulated depreciation ($258,000)

Land $186,000

<u>Total assets $1,485,000 </u>

<u>Liabilities and Shareholders' Equity</u>

Current liabilities:

Accounts payable $218,000

Current portion of long term debt $32,500

Total current liabilities: $250,500

Notes payable 473,500

Common stock (authorized and issued 103,000 shares of no par stock) $412,000

Retained earnings $349,000

<u>Total liabilities and shareholders' equity $1,485,000</u>

Explanation:

1. The buildings, land, and machinery are all stated at cost except for a parcel of land that the company is holding for future sale. The land originally cost $53,000 but, due to a significant increase in market value, is listed at $126,000. The increase in the land account was credited to retained earnings.

Dr Retained earnings 73,000

    Cr Land 73,000

Assets must be reported at historical cost.

2. The investment in equity securities account consists of stocks of other corporations and are recorded at cost, $23,000 of which will be sold in the coming year. The remainder will be held indefinitely.

Dr Short term investments - AFS securities 23,000

    Cr Investment in securities 23,000

It doesn't change the value of the assets, it just organizes them properly.

3. Notes payable are all long term. However, a $130,000 note requires an installment payment of $32,500 due in the coming year.

Dr Notes payable 32,500

    Cr Current portion of long term debt 32,500

4. Inventory is recorded at current resale value. The original cost of the inventory is $163,000.

Dr Inventory change 83,000

    Cr Inventory 83,000

Inventory must be recorded at lesser of cost or market value.

3 0
2 years ago
During 2018, Jill, age 39, participated in a Section 401(k) plan which provides for maximum employee contributions of 12%. Jill'
maks197457 [2]

Answer:

The correct answer is $10,800.

Explanation:

According to the scenario, the given data are as follows:

Jill's salary = $90,000

Jill's maximum contribution = 12%

So, we can calculate Jill's maximum tax-deferred contribution by using following formula:

Maximum tax-deferred contribution = Jill's salary × Maximum contribution percentage.

= $90,000 × 12%

= $90,000 × 0.12

= $10,800

Hence, Jill's maximum tax-deferred contribution to the plan for the year is $10,800.

5 0
3 years ago
Cross-docking is when vendors ship merchandise prepackaged in the quantity required for each store and when the products arrive
svetlana [45]

Answer: True

Explanation:cross docking is often used because it a simple process and to increase efficiency in operations .

The definition above is similar to numerous definition of cross docking and captures the essential features of cross docking .So the answer is true

5 0
3 years ago
Read 2 more answers
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