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never [62]
3 years ago
13

Every day we rely on the work of millions of other people to provide us with food, clothing, and shelter. People work for our be

nefit because:
Business
1 answer:
beks73 [17]3 years ago
6 0

Answer:

The correct answer is: they benefit by doing so.

Explanation:

Thanks to their interaction, human beings can satisfy their needs. People organize conveniently so their resources can be used to produce the goods and services they naturally demand -food, clothing, and shelter. This is the reason why governments must promote healthy living in societies so individuals can get the most of each other benefiting themselves.

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In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: A) $108,000. B) $90,000
Tanya [424]

Answer:

Answer: b

Explanation:

NRV=$120,000 – ($120,000 x 10%) = $108,000$90,000cost is less than net realizable value of $108,000 cost

5 0
3 years ago
Which one of the five generic competitive strategies discussed in Chapter 1 most closely approximates the competitive approach A
lutik1710 [3]

Answer:

The correct answer is: Broad differentiation strategy.

Explanation:

American economist Michael Porter (<em>born in 1947</em>) proposes there are <em>Five Generic Competitive Strategies</em> in market targeting while pursuing a competitive advantage: Overall low-cost, Broad Differentiation, Focused low-cost, Focused differentiation, and Best-cost provider strategy.

With the Broad differentiation strategy firms aim to provide customers a product that is different from its competitors to capture the largest number possible of consumers. This strategy is the closest approach <em>Apple, Inc</em>. has been using to keep its share in the mobile phone devices market.

7 0
4 years ago
1. Discuss how core factors, cues to quality, and interpersonal factors of a product influence your buying decisions. Discuss wi
Umnica [9.8K]

Explanation:

Interpersonal product feature play a role in determining one's buying decision. For example, an individual who is open to new experiences may be more likely to try a new technology.

Another example is that of an individual who has a negative view of how he or she looks or dresses, he or she may tend to seek and buy products that could enhance how they feel about themselves.

As regards the quality of a product, it is usually based on the purchase plan period. For example, an individual who notices he needs an item urgently may be less likely to include quality in his buying decision, especially when it's a life-saving item for an emergency. But someone who has the time and has been planning to buy an item for months, will more likely examine quality before he makes a buying decision.

5 0
3 years ago
People use money as a store of value when they: A. hold money to transfer purchasing power into the future. B. use money as a me
pentagon [3]

Answer:

A. hold money to transfer purchasing power into the future.

Explanation:

People use money as a store of value when they hold money to transfer purchasing power into the future.

3 0
3 years ago
On January 1, 2017, Marin Company purchased 12% bonds, having a maturity value of $320,000, for $344,260.74. The bonds provide t
kap26 [50]

Answer and Explanation:

The Journal entry is shown below:-

1. Debt Investment Dr, $344,260.74  

       To Cash $344,260.74

(Being cash paid is recorded)

2. Interest Receivable Dr, $38,400  

       To Debt Investment $3,973.93

        To Interest Revenue $34,426.07

(Being interest received is recorded)  

Fair Value Adjustment  Dr, $1,713.19  ($342,000 -$340,286.81)

     To Unrealized Holding Gain or Loss - Equity $1,713.19

(Being fair value adjustment is recorded)

3. Unrealized Holding Gain or Loss - Equity  $7928.68

($335,915.49 - $329,700 + $1,713.19)

       To Fair Value Adjustment 7,928.68

(Being unrealized loss or gain is recorded)

Working note

 Book value of    Interest         Interest     Amortization  Book value

  debt beginning  Revenue   Receivable   (d = c - d)       of debt

        (a)                    b=(a × 10%)      c                                    at the end

                                             ($320,000 × 12%)                   (e - d)

$344,260.74      $34,426.07    $38,400      $3,973.93  $340,286.81

$340,286.81      $34,028.68    $38,400       $4,371.32   $335,915.49

8 0
3 years ago
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