All categories

3 years ago

What are some of the strategies that you currently use to make consumer

Business

2 answers:

horsena [70]3 years ago

8 0

Answer:

Consumer behavior considers numerous reasons why individual, situational, mental, and social individuals look for items, purchase, use, and afterward discard them.

Evaluative criteria are positive qualities that are imperative to you, for example, the cost of the knapsack, the size, the number of compartments, and shading. A portion of these attributes are valued highly as compared to others. For instance, the size of the rucksack and the cost may be more imperative to you than the shading except if, state, the shading is hot pink, and you despise pink.

Anna11 [10]3 years ago

8 0

Question:

What are some of the strategies that you currently use to make consumer buying decisions? Do you think your strategies are helping or hindering your financial plan? Why? Are there improvements that you could make in your buying decisions?

Answer:

Some strategies that I currently use to make consumer buying decisions include wondering if their is a better prices if so how much, where would it be considered. Considering numerous reasons of an individual, situational, mental, and social people look for items, purchase, use, and afterward discard them if not useful, or broken, don't fit, don't want, etc........ There are improvements I could make in my buying decisions including if the cost of a backpack, is a portion of attributes that get valued very highly when compared to others. For instance, whats the size, what the cost, could there be a more imperative price.

You might be interested in

Power Corporation acquired 100 percent ownership of Scrub Company on February 12, 20X9. At the date of acquisition, Scrub Compan

Rufina [12.5K]

Answer:

a. See the journal entries in the explanation below.

Retained Earnings is $175,000

Goodwill is $25,000

b. See the journal entries in the explanation below.

Retained Earnings is $175,000

Capital Reserve is $4,000

Explanation:

Note: There are mistakes the names of the companies in the requirements a anb b. These correctly restated before answering the question by as follows:

a. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $291,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the basic consolidation entry

2. Record the excess value (differential reclassification entry)

b. Prepare the following consolidation entries required to prepare a consolidated balance sheet immediately after the business combination assuming Power acquired its ownership of Scrub for $262,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the basic consolidation entry.

2. Record the excess value (differential) reclassification entry.

The answers and explanation are therefore given as follows:

a. Prepare the following consolidation entries required when Consideration is $291,000

1. Record the basic consolidation entry

Accounts Dr ($) Cr ($)

Common Stock 91,000

Retained Earnings (w.1) 175,000

Goodwill (w.2) 25,000

Investment in Scrub Company 291,000

(To record the elimination of investment and stockholder equity.)

2. Record the excess value (differential reclassification entry)

Note that $25,000 is transferred to Goodwill account in part 1 above.

The $25,000 is transferred to Goodwill because when the consideration is greater than the net asset value which is calculated as the of Common Stock and Retained Earnings, the difference is the Goodwill.

When Net Consideration is more than the net asset value (Stockholder Equity), then the difference is to be transferred to Goodwill.

Workings:

w.1: Calculation of retained earning to be eliminated

Particulars $

Retained Earnings Balance 160,000

Increase in land value 21,000

Decrease in inventories values (6,000)

Fair Value retained earnings to be eliminated 175,000

w.2: Calculation of Goodwill to be recognized

Particulars $ $

Consideration paid for acquisition 291,000

Assets of Scrub:

Asset book value 420,000

Increase in land value 21,000

Decrease in inventories values (6,000)

Assets 435,000

Liabilities (169,000)

Net asset value of Scrub (266,000)

Goodwill to be recognized 25,000

b. Prepare the following consolidation entries required when Consideration is $262,000

1. Record the basic consolidation entry

Accounts Dr ($) Cr ($)

Common Stock 91,000

Retained Earnings (w.3) 175,000

Investment in Scrub Company 262,000

Capital reserve (w.4) 4,000

(To record the elimination of investment and stockholder equity.)

2. Record the excess value (differential reclassification entry)

Note that $4,000 is transferred to Capital Reserve in part 1 above.

The $4,000 is transferred to Capital Rserve because when the consideration is less than the net asset value which is calculated as the of Common Stock and Retained Earnings, the difference is Capital Reserve.

When Net Consideration is less than the net asset value (Stockholder Equity), then the difference is to be transferred to Capital reserve.

Workings:

w.3: Calculation of retained earning to be eliminated

Particulars $

Retained Earnings Balance 160,000

Increase in land value 21,000

Decrease in inventories values (6,000)

Fair Value retained earnings to be eliminated 175,000

w.4: Calculation of Goodwill to be recognized

Particulars $ $

Consideration paid for acquisition 262,000

Assets of Scrub:

Asset book value 420,000

Increase in land value 21,000

Decrease in inventories values (6,000)

Assets 435,000

Liabilities (169,000)

Net asset value of Scrub (266,000)

Capital reserve to be recognized  (4,000) 

3 0

2 years ago

Henrietta transfers cash of $75,000 and equipment with a fair market value of $25,000 (basis to her as a sole proprietor, $10,00

katovenus [111]

Answer

The answer and procedures of the exercise are attached in a image below****

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

3 0

3 years ago

QS 23-11 Selection of sales mix LO P3 Excel Memory Company can sell all units of computer memory X and Y that it can produce, bu

Effectus [21]

Answer:

Contribution margin per production hour

Product X = $12

Product Y = $15

Explanation:

Part 1

Contribution margin per production hour

Contribution margin per production hour = Contribution ÷ Time to produce one product

Therefore,

Product X = $6 ÷ 0.5

= $12

Product Y = $5 ÷ 0.33

= $15

Part 2

The Demand Units of Product X and Product Y are missing so the calculation of profitable sales mix is impossible.

This mix would have been calculated by :

Manufacturing all the units of Product Y since Y has the highest contribution margin per production hour (demand for Y × hours required per unit)
With the remainder of hours out of 4,700 after producing all of Product Y demand, we would then produce Product X.

8 0

2 years ago

The various tasks in IBM's manufacturing plant are arranged so that one worker draws the wiring, another strengthens the wires,

Scilla [17]

Answer: Specialization

Explanation:

The job specialization is the one of the concept that basically focuses on the special areas and also the expertise in which the people perform various types of tasks based on their abilities.

The job specialization is one of the important factor that helps the organization for achieve the desired goals and also increase the growth of the business quality.

According to the given question, the IBM's manufacturing plant are basically arranged by the workers in more efficient way where the one worker performed the duty by drawing the strengthen of the wiring and other workers doing their expertise task.

Therefore, the above given example is refers to the job specialization.

4 0

3 years ago

As a project manager of Very Good Construction you want to plan renting a fleet of 25 cu yd tractor-scrapers and have them hauli

zzz [600]

Answer:

Explanation:

a. Rolling resistance factor = 100 lb/ton for hauling as well return path Grade for haul route = 5%. Grade for return route = 0 From Table 14.2 – rutted dirt road – rolling resistance factor = 100 lb/ton, Rolling resistance on haul route = 100(75) = 7,500 lbs Rolling resistance on return route = 100(50) = 5,000 lbs Grade resistance, GR = % grade 20lb/ton/%grade weight on wheels (tons) Grade resistance on haul route = 5 × 20 × 75= 7,500 lbs

b. Effective (Equivalent) Grade = RR% + GR% To convert rolling resistance, RR into rolling resistance factor, RR%, divide rolling resistance by 20 (see section 14.5 in the text book) and therefore; Effective grade = + grade Effective grade while hauling = + 5 = 10% Effective Grade while returning = + 0 = 5%.

c) Considering the cycle time of the pusher and the scrapers, Scrapers to be used = = 6.4 The motivation is to keep the pusher busy all the time instead of waiting for the scraper to return If 6 scrapers are used, the pusher will be idle and the cost will be lower (since we will have 6 scrapers and 1 pusher). So is the productivity. If 7 scrapers are used, the scrapers will be idle and the productivity will be higher. So is the cost.

d)The productivity will depend on the scrapers (the pusher with idle time) which will be:

7 0

3 years ago