It is a study of the actions of the consumers that drive them to buy and use certain products. The study of consumer buying behavior is most important for marketers as they can understand the expectation of the consumers. It helps to understand what makes a consumer buy a product.
<h3>
What is consumer behavior in marketing?</h3>
Consumer behavior is the study of how people are making purchase decisions to satisfy their needs, wants, or desires, and how their emotional, mental, and behavioral responses influence the buying decision.
Consumer behavior assists firms in determining whether what they are selling will be lucrative, as well as in tailoring their marketing plan to the appropriate target population for their product/service.
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Answer:
<u>Cost of goods manufactured statement for March</u>
Direct labor $3,500,000
Materials $2,683,100
Indirect labor $320,000
Machinery depreciation $210,000
Heat, light, and power $175,000
Supplies $34,900
Property taxes $30,000
Miscellaneous costs $45,700
Add Opening Work in process Inventory $435,900
Less Closing Work in process Inventory ($510,400)
Cost of goods manufactured $6,924,200
Explanation:
Prepare a Raw Materials T - Account to determine the cost transferred to Manufacturing Account for Raw Materials.
Raw Materials T - Account
Debits :
Opening Balance $210,000
Purchases $2,666,200
Totals $2,876,200
Credits :
Closing Balance $193,100
Materials transferred to Production $2,683,100
Totals $2,876,200
The accumulated value be $7212.10 2 years after the change.
Calculation
FV = PV × (1 + r / k) 
(here k = no. of times compounded in a year)
so, in first case
FV = 6000 × (1 + 2.5%/ 2)
= $6793.62
The FV becomes PV in the second case
So, FV = 6793.62 × (1 + 3%/ 4)
= $7212.10
<h3>What is
accumulated value?</h3>
The sum of an investment's present holdings, including the money invested and interest accrued thus far, is known as its accumulative value. Because it refers to the whole acquired value of a whole life insurance policy, the accumulative value is significant in the insurance industry. Accumulated value, also known as accumulated amount or cash value, is determined by adding the initial investment and any interest that has already been accrued.
When the owner of a whole (or universal) life insurance policy starts making monthly premium payments, the accumulated value of the policy starts to increase for insurance reasons. These premium payments are divided into two halves by an insurance company. The first part pays for the costs of the fundamental insurance coverage. The insurance company places the second share in an internal account where it serves as a form of investment that builds cash value.
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Problem One
1: True partners are called members
2: True too. There is only limited liability
3: False: LLCs are not a separate Tax Entity
4: True. It's not in your notes, but members are not held responsible for the criminal acts of an LLC
5: True Members are taxed on their own tax returns.
1 2 4 and 5 are all true. Only 3 is false.
Problem Two
Inflation shows up very slowly and then takes hold with a vengeance. I would say we are currently in an inflation spiral but it is just starting. Just ask your mum about food prices (or your dad about overall cost of living).
The first thing the government must do is take action when they see something happening. They can do one of two things: the can cut expenditures or raise taxes. They can do the former anytime, the latter will take time to happen.
I think the second step is to gear down manufacturing beginning in January.
Producers know that they should manufacture less because consumers will have less money, but when to start doing that is the question. March or April is when the Tax Payer notices the tax increase.
Inflation will decrease is the last step. But this is an iffy question. The second and third steps could be interchanged. The way I have written it is the way I would have answered it, but I can't be certain.
Business optimism about future sales tends to <u>increase </u>investment expenditures, shifting the ad curve to the <u>left</u>.
The National Federation of the unbiased enterprise (NFIB) Small commercial enterprise Optimism Index is a composite of ten seasonally adjusted components. It offers an illustration of the fitness of small businesses within the U.S., which account for more or less 50% of the country's private team of workers.
The NFIB Small business Optimism Index in the united states decreased to 89.5 in June of 2022, the lowest given that January 2013, and in comparison to 93.1 in may additionally. An internet bad 61% of small enterprise owners count on higher commercial enterprise situations over the next six months, the bottom level recorded within the 48-year survey.
This business confidence indicator presents information on destiny trends, primarily based on opinion surveys on traits in manufacturing, orders, and shares of completed items in the industry zone.
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