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Neporo4naja [7]
3 years ago
8

While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on

the fact that the components they were using were machined to their exacting specifications 99.99999% of the time. Orchard's competitive priority was:
A) top quality.B) consistent quality.C) on-time delivery.D) delivery speed.
Business
2 answers:
Daniel [21]3 years ago
6 0

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

erastovalidia [21]3 years ago
4 0

Answer:

The correct answer is letter "B": consistent quality.

Explanation:

Consistent quality refers to providing a good or service with the same high-quality standards the most of the time or always if that can be achieved. Companies promoting consistent quality are actually promoting the <em>reliability </em>of their good or service. Under those circumstances, the price feature of the product is set aside prioritizing quality.

In certain study-type industries such as medicine, it is more preferable to acquire consistent-quality products than the most inexpensive goods.

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Berning Company purchased a tractor at a cost of $540,000. The tractor has an estimated salvage value of $60,000 and an estimate
hjlf

Answer:

Berning Company

Journal Entry to record the sale of Tractor:

Jan. 1, 2021:

Debit Sale of Tractor $540,000

Credit Equipment (Tractor) $540,000

To transfer the cost of tractor to Sale of Tractor.

Debit Accumulated Depreciation - Tractor $216,000

Credit Sale of Tractor $216,000

To transfer the depreciation to Sale of Tractor.

Debit Cash Account $210,000

Credit Sale of Tractor $210,000

To record the cash receipts from the sale.

Explanation:

a) Determination of Accumulated Depreciation for the Tractor:

Depreciable amount = $480,000 ($540,000 - $60,000)

Depreciable rate = $48 ($480,000/10,000) per hour

2019 Depreciation Expense =  $115,200 ($48 x 2,400)

2020 Depreciation Expense = $100,800 ($48 x 2,100)

Accumulated Depreciation = $216,000

b) Calculation of the Book Value = Cost - Accumulated Depreciation

= $540,000 - $216,000 = $324,000

c) Gain or Loss on Sale:  The sales proceed is compared with the book value to determine if there is a gain or loss from the sale.  In this case, there is a loss of $114,000 ($324,000 - $210,000), which will be transferred to the Income Summary.

8 0
3 years ago
Quizlet the ability of a central bank to set monetary policy instruments is _______, while the ability of a central bank to set
Yuki888 [10]

The ability of a central bank to set monetary policy is <u>instrument​ independence</u> while the ability of a central bank to set goals of monetary policy is <u>goal independence</u>.

Monetary policy is the control of the quantity of cash available in an economy and the channels via which new money is supplied. With the aid of coping with the cash delivery, central bank goals to steer macroeconomic factors which include inflation, the charge of intake, monetary growth, and standard liquidity.

Financial coverage refers to the steps taken by way of a country's primary financial institution to manipulate the cash supply for monetary balance. As an example, policymakers manage the cash stream for increasing employment, GDP, and charge balance by the use of gear inclusive of hobby prices, reserves, bonds, etc.

The dreams of economic policy are to sell most employment, solid expenses, and moderate long-term interest prices. By means of imposing powerful monetary policy, the Fed can hold strong prices, thereby helping conditions for lengthy-term financial increases and most employment.

Learn more about the monetary policy here brainly.com/question/13926715

#SPJ4

5 0
1 year ago
During the year, Wright Company sells 500 remote-control airplanes for $110 each. The company has the following inventory purcha
Readme [11.4K]

Answer:

$5,180 and $35,120

Explanation:

The computation of the cost of goods sold and the ending inventory is shown below:

There are 500 unit sold so according to that the cost of goods sold is

Jan 1        60 units         $66         $3,960

May 5      280 units       $69         $19,320

Nov 3       160 units      $74           $11,840

Cost of goods sold                        $35,120

Now the ending inventory is

Since there is a 70 ending inventory units i.e comes from

= 570 units - 500 units

= 70 units

So this should be at $74

i.e $5,180

6 0
2 years ago
Sanders Inc. is a small brick manufacturer that uses the direct write-off method to account for uncollectible accounts. At the e
Paladinen [302]

Answer:

JOURNAL ENTRIES

Dr. Bad Debts.......................3,700

Cr. Accounts Receivable.............3,700

Explanation:

an adjustment for estimated uncollectible accounts at the end of 2021

JOURNAL ENTRIES

Dr. Bad Debts.......................3,700

Cr. Accounts Receivable.............3,700

for the actual bad debts in 2022. we have adjust for the difference between the estimate and the actual amount which is $1,100

JOURNAL ENTRIES

Dr. Accounts receivable...(3700-2600)...1,100

Cr. Bad debts recovered.....................................1,100

Being bad debts recovered, a shortfall in actual estimates

7 0
3 years ago
Assume that the interest rate on borrowings in Argentina is 3 percent, but the interest rate on deposits in British banks is 9 p
defon

Answer:

carry trade

Explanation:

Carry trade can b defined as borrowing funds at a low interest rate and then investing those funds in assets that generate a higher return. This way, you profit will be the difference between the higher rate of return yielded by the asset minus the low interest rate paid for the loan. Carry trade is a type of arbitrage since you are obtaining a good at a certain price (low interest rate) and placing it at a higher price (higher rate of return).

3 0
2 years ago
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