<u>Answer:</u>
<em>During the Christmas season, stores sell trees and wreaths are applying the </em><u><em>time (A) </em></u><em>utility
</em>
<em></em>
<u>Explanation:</u>
Understanding consumer demand is significant while settling on considerable business choices. It will enable the organization to choose when to build the creation of products and stock and when to run their significant promoting efforts. The organization ought not just to depend on these strategies to settle on the choices because there are numerous different reasons which make the purchase request.
Time Utility is giving the customer his ideal products when he requires them. Contingent on the everyday needs, Christmas season, or climate conditions, purchaser requests will differ.
Answer:
The correct answer is letter "D": gold would flow out of the U.S. and the U.S. money supply would drop.
Explanation:
The classic gold standard is an economic approach in which a nation's currency is gold. Under this approach, the money supply is kept constant and there are a few chances for inflation to arise. Hyperinflation is unlikely to exist. Under this scenario, countries producing gold would be more favored than those that do not.
In the example, in front of a rise in prices, gold would be exported from the U.S. but the countries money supply will decrease.
Answer:
Gross profit = 57%
Inventory turnover = 8.60 Times
Explanation:
The gross profit percentage can be calculated by dividing the gross profit by sales. Inventory turnover can be calculated by dividing the cost of goods sold by the average inventory, in this case average inventory is not given in the question. Average inventory can be calculated by dividing the sum of opening and closing inventory with 2.
Gross profit = (Sales - Cost of goods sold) / Sales x 100
Gross profit = (38,000 - 16,340) /38000 x 100%
Gross profit = 21,660/38,000 x 100
Gross profit = 57%
Inventory turnover = Cost of goods sold / Average inventory
Inventory turnover = 16340/1900
Inventory turnover = 8.60 Times
Average inventory = (1800 + 2000) /2
Average inventory = 1900 Million
Answer: The correct answer is "A. research and development".
Research and development are <u>NOT</u> considered as one of the three primary functions that all organizations perform.
Explanation: The basic operating cycle of a company is buy-sell-collect-pay. In some cases, companies can produce the good they sell or directly re-sell it. This implies production, operation and marketing activities to increase sales and for an adequate control of these you need accounting.
Only in particular cases do companies engage in research and development, but it is not something basic.
Answer: (D) Information asymmetric
Explanation:
Information asymmetric is basically refers to the economical transaction where the one party or any group knows more data or information as compared to the other party.
It is also known as information failure and the information asymmetric involves all the economical data or the information. The imbalance of the power occur due to the cause of imperfect data or the information.
Therefore, Option (D) is correct.