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3 years ago

A ________ externality exists when the number of customers who purchase a good or use it influences the quantity demanded.

Business

1 answer:

aleksandrvk [35]3 years ago

3 0

Answer: network

Explanation:

Network externality simply states that demand for a good or service has to do with how other people demand for that particular good or service. It means consumer's buying patterns are influenced by the purchase of others buying the product.

Therefore, a network externality exists when the number of customers who purchase a good or use it influences the quantity demanded.

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A small private entity may use less formal means to ensure that internal control objectives are achieved. For example, extensive

Mama L [17]

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8 0

3 years ago

A quality control activity analysis indicated the following four activity costs of a hotel:

svet-max [94.6K]

The Cost of Quality Report is as follows:

Quality Cost Quality Percentage of Percentage of

Classification Cost Quality Cost Total Sales

Prevention $98,600 20% ($98,600/$493,000) 3.4%

Appraisal 49,300 10% ($49,300/$493,000) 1.7%

Internal Failure 246,500 50% ($246,500/$493,000) 8.5%

External Failure 98,600 20% ($98,600/$493,000) 3.4%

Total Quality Costs $493,000 100% 17.0%

Data and Calculations:

Inspecting cleanliness of rooms $49,300 (Appraisal)

Processing lost customer reservations 98,600 (External failure)

Rework incorrectly prepared room service meal 246,500 (Internal failure)

Employee training 98,600 (Prevention)

Total $493,000

Sales $2,900,000

Percentage of Quality Cost = Quality Cost/Total Quality Cost * 100

Percentage of Total Sales = Quality Cost/Total Sales * 100

Thus, the cost of quality report is an appraisal of how the hotel uses its resources to prevent poor quality, including its internal and external failures.

Learn more about cost of quality report here: brainly.com/question/23775957

4 0

2 years ago

A company's gross profit was $118,350 and its net sales were $466,300. its gross margin ratio equals:

ladessa [460]

The gross margin ratio is a percentage resulting from dividing the amount of a company's gross profit by the amount of its net sales. In this case it would be 118,350/466,300 = 25.38%

3 0

2 years ago

On July 1, 2019, Noble, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2025. The bonds were iss

gladu [14]

Answer:

$322,400

Explanation:

Calculation for At June 30, 2021, Noble's unamortized bond discount

First step is to calculate unamortized bond for 2019-2020

Unamortized bond 2019-2020= $9,560,000 + [($9,560,000 × .1) - ($10,000,000 × .09)]

Unamortized bond 2019-2020=$9,560,000 + [($9,560,000 - $900,000)]

Unamortized bond 2019-2020=$9,560,000 + $56,000

Unamortized bond 2019-2020= $9,616,000

Second step is to calculate Unamortized bond for 2020-2021

Unamortized bond 2020-2021= $9,616,000+ [( × $9,616,000.1) - ($10,000,000 × .09)]

Unamortized bond 2020-2021=$9,616,000 + ($961,600 - $900,000)

Unamortized bond 2020-2021 = $9,677,600

Now let calculate unamortized bond discount

Unamortized bond discount =$10,000,000 - $9,677,600

Unamortized bond discount = $322,400

Therefore At June 30, 2021, Noble's unamortized bond discount should be $322,400

4 0

3 years ago

During its first month of operation, the Quick Tax Corporation, which specializes in tax preparation, completed the following tr

DanielleElmas [232]

Answer:

Trial Income Statement:

Service revenue $17,000

Rent expense ($3,500)

Insurance expense ($350)

Wages expense ($10,500)

Net income $2,650

*We need to adjust other expenses like supplies or utilities. I assumed the salaries paid were for a 10 days period since no one pays salaries in advance.

Trial Balance Sheet

Assets:

Cash $62,200

Supplies $1,000

Prepaid insurance $3,850

Equipment $10,000

Total Assets $77,050

Liabilities and Equity:

Accounts payable $8,000

Wages payable $7,000

Common Stock $60,000

Retained earnings $2,050

Total Liabilities and Equity $77,050

Explanation:

July 1

Dr Cash 60,000

Cr Common stock 60,000 (6,000 stocks $10 par value)

July 3

Rent expense 3,500

Cr Cash 3,500

July 5

Dr Prepaid insurance 4,200

Cr Cash 4,200

Adjusting entry July 31

Dr Insurance expense 350

Cr Prepaid insurance 350

July 7

Dr Supplies 1,000

Cr Accounts payable 1,000

July 10

Dr Wages expense 3,500

Cr Cash 3,500

Adjusting entry July 31

Dr Wages expense 7,000 ($3,500 x 2 10 day periods)

Cr Wages payable 7,000

July 14

Dr Equipment 10,000

Cr Cash 2,500

Cr Accounts payable 7,500

July 15

Dr Cash 8,000

Cr Service revenue 8,000

July 19

Dr Accounts payable 500

Cr Cash 500

July 31

Dr Cash 9,000

Cr Service revenue 9,000

Dr Retained earnings 600

Cr Dividends payable 600

Dr Dividends payable 600

Cr Cash 600

6 0

2 years ago