It can make you fell more safer and make new friends
Cosmetics firm SatinSilk is revamping its mission statement and advertising strategy.The planning team comes up with a list of options for the new mission statement.The CEO stresses that the new mission statement should be market-oriented rather than product-oriented.Which of the following mission statements should the company pick?
A)to create the best possible products and sell them at the best possible price
B)to sell cosmetics products that are hypoallergenic and made only from the finest natural materials
C)to give customers the complexion they dream about by providing a range of products suited to their needs
D)to sell affordably priced cosmetics in every cosmetics product category
E)to increase our market share in the cosmetics segment and increase profit margin
Answer:
C)to give customers the complexion they dream about by providing a range of products suited to their needs
.
Answer:
Net income= $24,550
Explanation:
The contribution margin ratio is <u>the result of deducting from sales all the variable costs, </u>expressed as a<u> percentage.</u>
<u></u>
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= sales*contribution margin ratio
Total contribution margin= 103,000*0.85
Total contribution margin= $87,550
<u>Now, the net income:</u>
Net income= 87,550 - 63,000
Net income= $24,550
Answer:
The correct answer is $8,316( Unfavorable) and $10,500 ( Favorable).
Explanation:
According to the scenario, the computation of the given data are as follows:
Actual Variable OH AH × SVOR SH × SVOR
$222,816 $57,200×$3.75 = $214,500 $60,000×$3.75 = $225,000
Variable OH spending variance Variable OH efficiency variance
$214,500 - $22,816) $225,000 - $214,500
= $8,316( Unfavorable) = $10,500 ( Favorable)
Hence, Variable OH spending variance = $8,316( Unfavorable)
And Variable OH efficiency variance = $10,500 ( Favorable)
Answer: 1. Five
2. Making decisions regarding monetary policy.
3. Open market operations, buy
Explanation:
The Federal Open Market Committee usually meet eight times a year in Washington. The voting members are members of the Federal Reserve Board of Governors but only five of the president of the regional banks are members.
The Federal Open Market Committee is the Federals monetary policy making body. The Committee is responsible for the formulation of policies that are designed to promote economic growth and price stability. The country's money supply is managed by the Federal Open Market Committee.
In order to increase the number of dollars available in the economy of the United States, the Federal Reserve will purchase government bonds using the open market operations. When the Federal reserve buys bonds, there is more money available in the economy.