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4 years ago

Ricardo conducts a survey to learn where consumers get information for buying used cars. This is an example of _____.

Business

1 answer:

maxonik [38]4 years ago

7 0

Answer:

both market research and marketing research APEX

Explanation:

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How would a new business get information to accurately forecast its sales?

Bess [88]

Answer:

A ). Look at competitors' sales and profitability

Explanation:

A new business is a fresh entrant in the market. It does not have records to use in projecting future sales. The company will operate in a competitive industry. To be able to predict its sales, the business will have to rely on data from other firms in the industry.

A study of its competitor's sales and profits will provide the business with a clear picture of what to expect. The new entrant figures should not vary with its competitors with huge differences.

Using guesswork is will probably mislead the directors of the business. Most likely, they will get over-ambitious, which will frustrate them when they begin operations. As they are new, they cannot use the previous year's receipts.

5 0

3 years ago

Rickett Corporation had a favorable direct-labor efficiency variance of $6,000 for the period just ended. The actual wage rate w

EastWind [94]

Answer:

Actual Quantity= 9,000 hours

Explanation:

Giving the following information:

Direct-labor efficiency variance= $6,000 favorable

Standard rate= $12.00.

Standard quantity= 9,500

<u>To calculate the actual hours worked, we need to use the following formula.</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

6,000 = (9,500 - Actual Quantity)*12

6,000= 114,000 - 12Actual Quantity

12Actual Quantity = 108,000

Actual Quantity= 9,000 hours

7 0

3 years ago

A 12-year capital lease specifies equal minimum annual lease payments. Part of this payment represents interest and part represe

Andre45 [30]

Answer:

More than in year 8

Explanation:

A capital lease is a type of lease in which the lesser financed only the asset and all other ownership rights would be transferred to the lessee

In the given situation, the 12-year capital lease is equivalent to the annual lease payment at minimum cost

This payment involves the interest and the reduction amount

Now in the year 10 the reduction made to the lease liability should be more than in the year 8

6 0

3 years ago

Slove in 1 hour plzz

bearhunter [10]

Answer:

14/51

27.5%

Explanation:

5 0

3 years ago

Read 2 more answers

Milne Technology sells 15,000 units each quarter. Its current selling price is $25 per unit and the contribution margin ratio is

Aneli [31]

Contribution=Selling Price*Contribution Ratio

=25*.06

=$15

Variable Expense=Sales-Contribution

=25-15

$10

When Selling price=$28

Contribution=$28*.06

=$16.8

Variable Expense=28-16.8

=$11.2

Increase in variable=11.2-10

=$1.2

6 0

3 years ago