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3 years ago

As product adopters in the diffusion of innovation, members of the early majority Group of answer choices

Business

1 answer:

Luden [163]3 years ago

7 0

Answer:

The correct answer is letter "B": are deliberate and use many informal social contacts.

Explanation:

Sociologist and Professor E.M. Rogers (1931-2004) proposed The Diffusion of Innovations Theory which is a concept that relates several consumers' factors with the time they take to adopt technological innovation. Those influential factors are individuals' opinions and the rate at which they can interact with the innovation. According to the theory, consumers can be classified into five (5) groups:

Innovators: venturesome, higher educated, use multiple information sources.
Early adopters: leaders in a social setting, slightly above average education.
Early majority: deliberate, many informal social contacts.
Late majority: skeptical, below-average social status.
Laggards: fear of debt neighbors and friends are information sources.

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The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 524,000 Direct l

Katyanochek1 [597]

Answer:

Cost of Goods Available Sold $ 265,000

Adjusted Cost of Goods Sold $ 255,000

Net Income $ 66,000 

Explanation:

 Mason Company: 

Cost Of Goods Schedule

Inventories Beginning Raw materials $ 7,000

Raw material purchases $ 118,000

Inventories Ending Raw materials $ 15,000

Direct Materials Used $ 110,000

Direct labor cost $ 70,000

Manufacturing overhead applied to work in process $ 90,000

Total Manufacturing Costs $ 270,000

Add Work in process Inventories Beginning $ 10,000

Cost of Goods Available For Manufacture $ 280,000

Less Work in process Inventories Ending $ 5,000

Cost of Goods Manufactured $ 275,000

Add Finished goods Inventories Beginning $ 20,000

Cost of Goods Available For Sale $ 295,000

Less Finished goods Inventories Ending $ 35,000

Cost of Goods Available Sold $ 265,000

Mason Company:

Cost Of Goods Schedule Adjusted

Inventories Beginning Raw materials $ 7,000

Raw material purchases $ 118,000

Inventories Ending Raw materials $ 15,000

Direct Materials Used $ 110,000

Direct labor cost $ 70,000

Manufacturing overhead applied to work in process $ 90,000

Total Manufacturing Costs $ 270,000

Add Work in process Inventories Beginning $ 10,000

Cost of Goods Available For Manufacture $ 280,000

Less Work in process Inventories Ending $ 5,000

Cost of Goods Manufactured $ 275,000

Add Finished goods Inventories Beginning $ 20,000

Cost of Goods Available For Sale $ 295,000

Less Finished goods Inventories Ending $ 35,000

Cost of Goods Available Sold $ 265,000

Less Over Applied Overhead $ 10,000

Adjusted Cost of Goods Sold $ 255,000

Over applied overhead is deducted to get the actual Cost of Goods Sold.

Mason Company:

Income Statement

Sales $ 524,000

Less

Adjusted Cost of Goods Sold $ 255,000

Gross Profit $ 269,000

Less Selling expenses $ 140,000

Administrative expenses $ 63,000

Net Income $ 66,000 

5 0

3 years ago

Bay City Companyâ€™s fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 var

vredina [299]

Answer:

Bay City Company

Flexible Budget Performance Report:

Flexible Budget Actual Results Variances

Sales (in units) 4,900 4,900

Sales (in dollars) $392,000 $431,200 $39,200 F

Total expenses:

Variable expenses 245,000 276,000 31,200 U

Fixed expenses 140,000 130,000 10,000 F

Total expenses 385,000 406,000 21,200 U

Income from operations $7,000 $25,200 $18,200 U

Explanation:

a) Data and Calculations:

Variable expenses = $300,000

Fixed expenses = $140,000

Budgeted total expenses = $440,000

Actual expenses:

Fixed expenses = $130,000

Fixed Budget Actual Results Variances

Sales (in units) 6,000 4,900

Sales (in dollars) $480,000 $431,200 $48,800 U

Total expenses 440,000 406,000 34,000 F

Income from operations $40,000 $25,200 $14,800 U

Flexing the budgets:

Sales revenue = $392,000 ($480,000/6,000 * 4,900)

Variable expenses = $245,000 ($300,000/6,000 * $4,900)

Actual variable expenses = $276,000 ($406,000 - $130,000)

6 0

2 years ago

The combination of debt financing and equity financing that maximizes a firm's value is known as its:

ohaa [14]

Answer:

optimal capital structure

Explanation:

optimal capital structure can be regarded as a combination of

of debt and equity financing which brings about maximization of amarket value in a firm. It should be noted that optimal capital structure is the combination of debt financing and equity financing that maximizes a firm's value.

5 0

3 years ago

Ashley Inc.’s total value is $950 million. Its balance sheet shows $100 million of accounts payable, $100 million of notes payab

PIT_PIT [208]

Answer: $7.50

Explanation:

Given that,

Total value = $950 million

Accounts payable = $100 million

Notes payable = $100 million

Long-term debt = $200 million

common equity = $200 million

shares of common stock = 100 million

Value of equity = Value of firm - Value of preferred stock - Value of long term debt.

= $950 million - 0 - $200 million

= $750 million

$Value\ of\ stock = \frac{Value\ of\ equity}{Number\ of\ shares}$

$Value\ of\ stock = \frac{750}{100}$

= $7.50

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3 years ago

You have just taken over your family’s printing business. It is important to you that the business has a positive impact on your

Nimfa-mama [501]

Answer:

a. Some of your printing processes utilize chemicals that require press operators to wear masks during production. Health and safety risks.

Those chemicals present a health and safety risk because a person can get sick if they do not wear the masks.

b. Because of increased profits in the last 5 years, you have been able to increase staffing levels by 25%. Increase employment.

c. The business is a member of the local Chamber of Commerce and supports local community charities. Improve the quality of life

The business supports local charities which shows that it aims to improve the quality of life.

d. The business is the only one in town to offer 48-hour turnaround on printing projects. Offer valuable products

The business is the only one offering this service so it is offering valuable services.

e. The business uses ink that is shipped in bulky, non-recyclable ink containers. Environment damage

Ink is bulky and containers are non-recyclable. This will cause environmental damage.

5 0

3 years ago