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4 years ago

What is marketing? Help pls

1 answer:

4 0

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large

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A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio

Zina [86]

Answer:

The correct answer is letter "C": the invisible hand.

Explanation:

In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "An Inquiry into the Nature and Causes of the Wealth of Nations" (1776).

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4 years ago

A firm wants to sponsor an engineering lab. This requires $2.5M to construct the lab, $1.2M to equip it, and $600,000 every 5 ye

Dmitry_Shevchenko [17]

Answer:

$5.47M

Explanation:

The required endowment from the sponsor is the total costs required immediately plus the present value of the new equipment that needs to be purchased every five years as shown thus:

Immediate costs=cost of lab construction+cost of equipping the lab

Immediate costs=$2.5M+$1.2M

Immediate costs=$3.7M

Present value of every 5 years equipment cost=cost/(1+interest)^n-1

interest rate=6%

n=5 years(the frequency of incurring the cost)

PV=$0.60M/(1+6%)^5-1

PV=$0.60M/0.33822558

PV=$1.77M

required endowment =$3.70M+$1.77M

required endowment =$5.47M

5 0

3 years ago

Dan Watson started a small merchandising business in 2018. The business experienced the following events during its first year o

Jet001 [13]

Answer:

Horizontal statemtent:

Assets = Liabilities + Equity

1) 30,000 = 0 + 30,000

2) 18,000- 18,000 = 0 + 0

3) 17,000 = 0 + 17,000

Cash flow:

+30,000 Financing

Operating

collected from customer 32,000

paid to suppliers (18,000)

net 14,000

total cash flow 44,000

Income statment

sales revenue 32,000

COGS (15,000)

income 17,000

Total assets: 47,000 (44,000 cash + 3,000 inventory)

Explanation:

assets:

1) +30,000 cash from common stock

2) 18,000 inventory - 18,000 cash = 0 effect on total assets

3) 32,000 cash - 15,000 inventory = 17,000

total assets: 30,000 + 17,000 = 47,000

8 0

4 years ago

The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upc

Levart [38]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

1st Quarter - 2nd Quarter - 3rd Quarter - 4th Quarter

Units to be produced: 6,000 - 7,000 - 8,000 - 5,000

the beginning raw materials inventory= 3,600

Each unit requires three pounds of raw material that costs $2.50 per pound. Management desires to end each quarter with a raw materials inventory equal to 20% of the following quarter

I will assume that the requirements are the cost of direct material for each quarter.

The direct material budget is calculated by the following formula:

Direct material budget= direct material for production + ending inventory - beginning inventory

Q1:

Production= (6,000*3)*$2.5= $45,000

Ending inventory= [(7,000*3)*$2.5]*0.20= $10,500

Beginning inventory= (3,600*2.5)= (9,000)

Total= $46,500

Q2:

Production= (7,000*3)*$2.5= $52,500

Ending inventory= [(8,000*3)*$2.5]*0.20= $12,000

Beginning inventory= (10,500)

Total= $54,000

Q3:

Production= (8,000*3)*$2.5= $60,000

Ending inventory= [(5,000*3)*$2.5]*0.20= $7,500

Beginning inventory= (12,000)

Total= $55,500

8 0

4 years ago

What is the purpose of the statement of cost of goods manufactured? A. to determine the ending work in process inventory B. to d

koban [17]

Answer:

C. to determine the amounts transferred to finished goods

Explanation:

The statement for the cost of goods manufactured is a statement indicating the total cost used in the production process. It is used in estimating the cost that an organization incurs in producing a product and converting it to a finished product. It helps in determining the amount or costs transferred to finished goods. It is used in calculating the cost of goods sold on the income statement. It involves all cost used in the manufacturing process including the overhead costs.

6 0

3 years ago