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Gemiola [76]
2 years ago
5

Connor, the owner of a start-up, has studied his competitor's offerings, the value delivered by his company's products, and the

cost of providing the product to customers. Based on this research, he has set the prices for his products. Because of this, Connor should:_______.
Business
1 answer:
DanielleElmas [232]2 years ago
8 0

Answer:

A. never apologize for the price he quotes.

Explanation:

The prices that connor set was based on his research which included careful calculations of prices the competitors are selling at, the worth in value of his own product combined with the cost of providing that valued product. Hence, given what he considered before naming a price, he should never apologize for any price he quotes. Because, the prices he sets are a reflection of the profits he needs to make and also for sustainability of the business.

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Tpy6a [65]

The net operating income as per the variable costing method is $14500

<u>Explanation:</u>

The unit product cost is = $18 + $10 + $4 = $32

Sales revenue ( $78 multiply with 8700 units) = $678600

Variable cost:

Variable cost of goods sold ( 8700 units multiply $32) = $278400

Variable selling and administartive (8700 units multiply $5) = $43500

contribution margin = $356700

fixed manufacturing overhead = $255200

Fixed selling and adminstrative expenses = $87000

Net operating income = $14500

<u>Note:</u> contribution margin is calculated after deducting sales revenue with variable cost

8 0
3 years ago
Cassandra is a 21-year-old who is still in college. She wants a credit card so she can order items online.
ycow [4]
The most logical answer to me would be A, however I recommend you don’t go with my answer JUST YET because this is an educational guess. Take time to think about my answer. Sorry if it’s wrong
4 0
3 years ago
Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2021. The provisions of the plan were not made ret
Valentin [98]

Answer:

1. Projected Benefit Obligation 2021 $260,000

Projected Benefit Obligation 2022 $623,000

2.Plan assets 2021 $270,000

Plan assets 2022 $577,000

3. Pension expense 2021 $260,000

Pension expense 2022 $336,000

4.Net pension asset 2021 $ 10,000

Net pension liability2022 $46,000

Explanation:

1. Computation for Projected benefit obligation

for 2021 and 2022

Projected Benefit Obligation 2021

($)

Balance, January 1, 2021 $0

Service cost $260,000

Interest cost (5% x $0) $0

Benefits paid ($0)

Balance, December 31, 2021 $260,000

Projected Benefit Obligation 2022

Balance, December 31, 2021 $260,000

Service cost $350,000

Interest cost $13,000

(5% x $260,000)

Benefits paid($0)

Balance, December 31, 2022 $623,000

2. Computation for 2021 and 2022 Plan assets

Plan assets 2021

Balance, January 1, 2021 $ 0

Actual return on plan assets (10% x $0) $0

Contributions, 2021 $$270,000

Benefits paid ($0)

Balance, December 31, 2021 $270,000

Plan assets 2022

Balance, December 31, 2021 $270,000

Actual return on plan assets $27,000

(10% x $270,000)

Contributions, 2022 $280,000

Benefits paid (0)

Balance, December 31, 2022 $577,000

3. Computation for Pension expense for 2021 and 2022

Pension expense – 2021

Service cost $260,000

Interest cost (5% x $0) $0

Expected return on the plan assets $0

(10% x $0)

Pension expense $260,000

Pension Expense – 2022

Service cost $350,000

Interest cost $13,000

(5% x $260,000)

Expected return on the plan assets($27,000)

(10% x $270,000)

Pension expense $336,000

4. Computation for Net pension asset/liability for 2021 and 2022

2021

PBO $260,000

Less Plan assets $270,000

Net pension asset, Dec. 31, 2021 $ 10,000

2022

PBO $623,000

Less Plan assets $577,000

Net pension liability, Dec. 31, 2022 $ 46,000

3 0
3 years ago
Are starting points for Internet exploring and are interested in channeling surfers to particular sites, especially commercial o
Firdavs [7]

Answer:

<u>Portals.</u>

Explanation:

A portal is defined as an internet site whose purpose is to cluster and make available diverse content from various sources, and acts as an access point for various websites.

In order to function effectively a portal must be designed to withstand the large amount of user access, so that it works properly without slow system and damage to users. As a portal is a channel especially for commercial websites, it is imperative that the team of contributors who feed the portal have access to the large amount of structured and unstructured information, so that there is better organization and search accuracy and prevention of misfortune, such as failures on commercial sites such as a paid purchase that is not registered and ends up lost or a customer unable to access the site information screen.

8 0
3 years ago
Extrinsically motivated behavior is that which is performed out of a desire to work for the welfare of society.a. Trueb. False
ipn [44]

Answer:  false

Explanation: Extrinsic motivation relates to actions motivated by incentives from the outside, such as wealth, popularity, promotions, and recognition. This form of motivation comes from the outside of the person, as contrasted to the internal motivation that comes from within the person.  

Extrinsic motivation is commonly defined as the inclination to participate in activities to receive some kind of perceived outward benefit. It is worth noting that either physical or mental in essence can be these incentives. Thus, from the above we can conclude that the above statement is false.

6 0
3 years ago
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