Which form of business organization is established as a separate legal entity from its owners?

Keurig created a new category of coffee/tea preparation by offering one-cup-at-a-time pod-style brewing with its "K-cups." Keuri

Citrus2011 [14]

Answer:

The correct word for the blank space is: transformational.

Explanation:

Transformational innovations look for providing a new product or service to the market or giving an existing product differently. The innovation aims to increase the satisfaction of consumers or to solve a problem that was not addressed properly before. Transformational innovations generate a differential advantage for businesses attracting more consumers, therefore, increasing revenue.

7 0

4 years ago

A feature of personal selling by salespeople is that it is

dlinn [17]

A feature of personal selling by salespeople is that it is their development of oral conversation.

<h3>What is a Personal selling?</h3>

This refers to a face to face selling technique whereby the salesperson uses an interpersonal skills to persuade the prospective customer in buying a particular product.

However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.

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4 0

2 years ago

A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amoun

aev [14]

A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.

This is further explained below.

<h3>What is a financial statement?</h3>

Generally, Financial statements are written documents that represent a company's commercial operations as well as its financial performance within a certain period of time.

Audits of financial accounts are often conducted by government agencies, accounting firms, and other organizations for the objectives of ensuring their correctness and meeting the requirements for taxation, financing, and investing.

In conclusion, Selecting a base year and then expressing each item in terms of its relationship to that amount is a practical strategy for standardizing financial statements.

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6 0

2 years ago

At the end of November, work in process inventory consists of 181,000 units that are 50% complete with respect to conversion. Be

Dafna1 [17]

Question Completion:

Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process.

Answer:

Victory Company

Direct Materials Conversion

Equivalent units 886,000 795,500

Explanation:

a) Data and Calculations:

Direct Materials Conversion Cost

Beginning WIP Inventory $460,720 $178,988

Costs added in November 3,083,280 3,400,762

Total costs of production $3,544,000 $3,579,750

Production Process:

Beginning Inventory = 61,000

Started and completed 644,000

Units transferred out = 705,000

Ending WIP inventory 181,000

Units under process 886,000

Equivalent units of production:

Direct Materials Conversion

Units transferred out 705,000 (100%) 705,000 (100%)

Ending WIP Inventory 181,000 (100%) 90,500 (50%)

Total equivalent units 886,000 795,500

3 0

3 years ago

Which of the following is not a basic characteristic of monopolistic competition?

Sidana [21]

Answer: recognized mutual interdependence

Explanation: The characteristic of mutual interdependence can be seen in oligopoly market structure and not monopolistic competition. In a monopolistic competition market structure, the product differentiation is done by advertisement and branding.

Hence, from the above we can conclude that option B is correct.

4 0

3 years ago

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