Answer:
The correct adjusting journal entry for 12/31/09:
D. debit Spice Expense and credit Spice Inventory 240
Explanation:
Roland Richard purchased 200 ounces off of an expensive spice for $400.
Cost per ounce = $400/200 = $2
By December, 12/31/09, there were 80 ounces on hand. Roland Richard used 120 ounces of expensive spice with the amount of expense: $2 x 120 = $240
The adjusting journal entry for 12/31/09:
Debit Spice Expense $240
Credit Spice Inventory $240
Suppose that Ray-Ban is considering a new line of sunglasses that would be sold in major department
stores. The new line would be positioned as a more distinctive brand than the typical glasses sold
through department stores, and would be priced higher than other brands in the store, but a lower price
line than the current Ray-Ban lines that are sold through more selective stores. In determining the price
for this sunglass line, Ray-Ban wants to gather information about all brands sold in department stores
<span>and about customers' perceptions of those brands.
</span><span>Given Ray-Ban's plan for positioning the new sunglass line, they should use a <span>price skimming strategy when introducing their new product.
</span></span><span>Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management.</span>
Answer: false
Explanation: Extrinsic motivation relates to actions motivated by incentives from the outside, such as wealth, popularity, promotions, and recognition. This form of motivation comes from the outside of the person, as contrasted to the internal motivation that comes from within the person.
Extrinsic motivation is commonly defined as the inclination to participate in activities to receive some kind of perceived outward benefit. It is worth noting that either physical or mental in essence can be these incentives. Thus, from the above we can conclude that the above statement is false.
Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
Answer:
a. desirable because of the interdependencies between and among functions.
Explanation:
Workflow management systems can be defined as a strategic software application or program designed to avail companies the infrastructure to setup, define, create and manage the performance or execution of series of sequential tasks, as well as respond to workflow participants.
Some of the international bodies that establish standards used in workflow management are;
1. World Wide Web Consortium.
2. Workflow Management Coalition.
3. Organization for the Advancement of Structured Information Standards (OASIS).
Workflow management systems enhances the automation and management of various business processes, as well as create partnership between different units through the business process.
Hence, internal business partnerships between supply and other functional areas such as marketing/sales, finance/accounting, and engineering are desirable because of the interdependencies between and among functions.
