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2 years ago

When you are able to feel and touch product, it is called

Business

1 answer:

horrorfan [7]2 years ago

3 0

Answer:

In a Proctor & Gamble study published in 2009, spanning 21 years total, found that customers who were able to feel merchandise were willing to pay more than those who hadn't. This phenomenon is called “The Endowment Effect." Basically, we make an emotional connection with what we touch.

Explanation:

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A company purchased a machine for $8,000, the estimated value of the equipment at the end of its 6-year useful life is $600. Com

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Explanation:

b) Double declining Balance

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2 years ago

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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assem

Archy [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The predetermined overhead rates:

Assembly= $22 per direct labor-hour

Testing & Packaging= $18.00 per direct labor-hour

The company’s direct labor wage rate is $24.00 per hour.

Job N-60:

Assembly:

Direct materials $390

Direct labor $228

Testing & Packaging:

Direct materials $45

Direct labor $132

1) To calculate the total manufacturing cost, first, we need to allocate overhead. To do that, we need direct labor hours for each department.

<u>Assembly:</u>

Direct labor hours= 228/24= 9.5

<u>Testing:</u>

Direct labor hour= 132/24= 5.5

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 22*9.5 + 18*5.5= $308

Total manufacturing cost= direct material + direct labor + allocated overhead

Total manufacturing cost= (390 + 45) + (228 + 132) + (308)= $1,103

2) Unitary cost= 1,103/10= $110.3

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2 years ago

Phillippe invested $1,000 ten years ago and expected to have $1,800 today. He has not added or withdrawn any money from this acc

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Answer:

d) He earned a lower interest rate than he expected

Explanation:

Data provided in the question

Invested amount ten years ago = $1,000

Expected amount = $1,800

Today amount = $1,680

Based on the above information,

Since the bond is based on the floating rate not the fixed rate that results in the value of the investment to $1,800

And, the today amount is $1,680 i.e. less than the expected amount so the internet rate should be less as compared with the expected rate

hence, correct option is d.

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2 years ago

In the components of a business plan, what section contains a detailed description of the company, the problem/opportunity, prop

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Financial predictions forecast your company's future revenues and expenses using existing and estimated financial data.

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Financial predictions are an important tool for business planning for a variety of reasons.

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2 years ago

Event sponsorship is not an effective public relations tool. The most common publicity-based tool is the press conference. Marke

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Public relations (PR) is the process of maintaining a favorable image and building associated with events, sponsorships and other PR-related activities.

<h3>What is Public relations?</h3>

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1 year ago