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3 years ago

8

As we move toward a cashless society, which of the following will become vital for businesses that meet clients away from the of

fice?
abacus
calculator
POS card reader
cash registers

1 answer:

leonid [27]3 years ago

7 0

Answer:

POS card reader

Explanation:

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you are the owner of a rapidly growing e-commerce business and you are looking for ways to customize your ads. since your team i

garik1379 [7]

Subscription to the automation software such as Zappier

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2 years ago

Bob lives in San Diego and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi

sesenic [268]

Answer:

Explanation:

Explicit Costs refers to costs that involve an immediate outlay of cash from the business and it is recorded and reported to the management.

Implicit Cost refer to the cost which the company had foregone while employing the alternative course of action and is neither recorded nor reported to the management of the company.

a. The wages and utility bills that Charles pays

Identification: Explicit Cost

b. The wholesale cost for the guitars that Charles pays the manufacturer

Identification: Explicit Cost

c. The rental income Charles could receive if he chose to rent out his showroom

Identification: Implicit Cost

d. The salary Charles could earn if he worked as a financial advisor

Identification: Implicit Cost

6 0

2 years ago

Rinker Audio Products wants to adopt the total quality management (TQM) philosophy as developed by, among others, W. Edwards Dem

natta225 [31]

Answer:

Option (a) is correct

Explanation:

Total quality management is a process by which a business aims to minimize errors, with maximizing it's output, laying immense emphasis on product quality and customer satisfaction.

Such an approach was developed by Edwards Deming who emphasized upon efficient production, reduction of defects and wastage and continuous employee learning process that enhances the skills.

The focus of TQM is upon minimizing defects and errors as well as providing quality products to customers.

Such a process calls for, all those individuals who are involved in the production process to assume responsibility for product defects and errors.

TQM lays emphasis upon improving internal practices prevailing within the company which yield desired results.

Thus, one of the facets of such an approach being, improvement of supervision by allowing more time to supervisors to work and coordinate well with employees.

3 0

3 years ago

Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product through

babymother [125]

Answer:

Walthman Industries Inc.

Table:

Salesperson Total Sales Variable Cost Contribution Variable

of Goods Sold Margin Selling Expenses

Case $610,000 $268,400 (44%) $341,600 (56%) $109,800 (18%)

Dix 603,000 241,200 (40%) 361,800 (60%) 96,480 (16%)

Johnson 588,000 305,760 (52%) 282,240 (48%) 105,840 (18%)

LaFave 586,000 281,280 (48%) 304,720 (52%) 123,060 (21%)

Orcas 616,000 221,760 (36%) 394,240 (64%) 86,240 (14%)

Sussman 620,000 310,000 (50%) 310,000 (50%) 124,000 (20%)

Willbond 592,000 272,320 (46%) 319,680 (54%) 88,800 (15%)

Explanation:

a) Data and Calculations:

Salesperson Total Sales Variable Cost Variable

of Goods Sold Selling Expenses

Case $610,000 $268,400 $109,800

Dix 603,000 241,200 96,480

Johnson 588,000 305,760 105,840

LaFave 586,000 281,280 123,060

Orcas 616,000 221,760 86,240

Sussman 620,000 310,000 124,000

Willbond 592,000 272,320 88,800

8 0

3 years ago

Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the

oksian1 [2.3K]

Answer:

Contain Yourself!, a plastic container company, raises the price of its signature Lunchbox container from $3.00 to $4.00 . As a result, the quantity sold drops from 20,000 to 15,000 = unit elastic
Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5 = inelastic
Capital Metro decides to increase bus fare rates from $2.00 to $2.21 . Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day = elastic

Explanation:

The demand for unit elasticity is an intermediate situation between an elastic and an inelastic demand curve, in which the price elasticity is equal to one, which means that given variations in the price, the total income does not change (price per quantity). Eslasticity=1
Demand is inelastic when the percentage variation of the quantity demanded is less than the percentage variation of the price. Elasticity less than 1
Elastic demand is when a small variation in the price causes a more than proportional change in the quantity demanded. Elasticity more than 1

7 0

3 years ago