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4 years ago

U.S. businesses are known for their technological advances and their ability to implement change true false

Business

1 answer:

Andrej [43]4 years ago

7 0

Answer:

U.S. businesses are known for their technological advances and their ability to implement change;

True

Explanation:

The united States can be described as the pioneer in the free market economy. The free market economy generally means that private businesses control how the market behave with little interference from the government. This allows market forces of supply and demand to take precedence in deciding market prices of goods and services. For example, when the demand for a certain good or service exceeds the supply, the price of that particular good will rise. On the other hand, when the demand for a particular good or service is lower than the supply, the price of the good or service drops. The equilibrium price is the price where the forces of demand and supply balance.

The free market system relies majorly on competition between businesses. Economist like Adam Smith postulated that if a free market runs it's course without interference, the equilibrium price will be ultimately reached. Since in a free market there is a lot of competition, most businesses will have an incentive to improve their technology and also adapt to change faster to gain competitive advantage over it's peers.

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When inventory costs are rising, a company may prefer to use the __________ method in the perpetual system in order to pay the l

mezya [45]

Answer:

LIFO (Last-in-last-out)

Explanation:

Last in last out is the method of inventory valuation where the unit that was added in inventory last would be sold first. In case, of rising prices, the unit added in inventory would cost more than the one added first. So, if LIFO is used in case of rising prices, cost of goods sold would be higher. If COGS is higher, income will fall, thereby reducing tax liability.

So, if the firm wants to pay lower taxes during price rise, it should opt for LIFO method to value inventory.

8 0

4 years ago

Assume you have an AMEX card which pays a 2% cash rebate on all purchases, and a VISA card which pays a 1% cash rebate on all pu

Fiesta28 [93]

Answer:

The gas at station A is $0.02 per gallon more expensive

Explanation:

Data provided in the question:

Cash rebate provided by the AMEX card = 2%

Cash rebate provided by the VISA card = 1%

Price of the gas = $2.00 per gallon

Now,

Amount of rebate provided by the AMEX card per gallon = 2% of $2.00

= 0.02 × 2.00

= $0.04

Amount of rebate provided by the VISA card per gallon = 1% of $2.00

= 0.01 × 2.00

= $0.02

Since station A does not accept AMEX card

Therefore, VISA card will be used at station A

Thus,

Rebate at station A = $0.02

And rebate at station B = $0.04

Difference in rebate = $0.04 - $0.02

= $0.02

Hence,

The gas at station A is $0.02 per gallon more expensive

8 0

4 years ago

Phase I of the new product development process is comprised of all of the following except ______.

Xelga [282]

Answer:

The correct answer is letter "D": implementing product ideas

Explanation:

The new product development has seven steps which are: <em>Idea Generation, Idea Screening, Concept Development and Testing, Market Strategy Development, Business Analysis, Product Development, Marketing Testing, </em>and <em>Commercialization</em>.

Phase I of this approach only comprehends the conceptualization of the product that is intended to be provided, thus <em>the implementation of product ideas does not belong to this stage</em>.

7 0

4 years ago

Curtis was recently laid off and was given severance pay on the condition that he agreed not to criticize the organization publi

Luda [366]

This is an example of a non-disparagement agreement.

<h3><u>What is a non-disparagement agreement?</u></h3>

A part of an agreement, such as an employment contract, separation agreement, or marital settlement agreement, stipulates that the involved parties are prohibited from making any negative statements, remarks, or representations about each other. Such clauses are in prevalent use to prevent (ex) employees from adversely affecting the business of employers with disparaging public statements either during or after the employment period has ended.

<h3><u>What Takes Place If a Non-Disparagement Clause Is Broken?</u></h3>

A non-disparagement agreement is still a contract with potential legal repercussions if you don't uphold your half of the bargain, just like any other legal instrument. A breach of a non-disparagement agreement typically has financial repercussions. You might be required to repay all or a portion of your severance pay if non-disparagement was a requirement for you to receive it, depending on the terms of the agreement.

Learn more about the non-disparagement agreement with the help of the given link:

brainly.com/question/14592097?referrer=searchResults

#SPJ4

4 0

2 years ago

Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,565,000. Hard

kicyunya [14]

Answer:

The correct answer is $199,437

Explanation:

Percentage of Cost attribute to hardware = Appraised estimation of equipment / Total assessed estimation of land, building and hardware

Percentage of Cost attribute to hardware = $1,606,000 / ($814,000 + $2,420,000 + $1,606,000)

Percentage of Cost attribute to hardware =33%

Cost at which hardware to be recorded = $2,565,000 × 33%

Cost at which hardware to be recorded = $846,450

depreciation cost for the hardware in the principal year = ($846,450 - $19,000) × 282000/1170000

depreciation cost for the hardware in the principal year = $199,437

3 0

3 years ago