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3 years ago

Argue why a product launch that exceeded expectations may actually be a negative result.

1 answer:

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About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.

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A firm spends a great deal of money in advertising to inform consumers of the brand name of its mushrooms. Should consumers conc

djyliett [7]

Answer: B. Yes. Branding allows the mushrooms to be easily identified in the future. Thus, if they were of inferior quality, the company would lose customers and go out of business over time.

Explanation:

Branding is a way of making sure that your product is easily identifiable over other products.

When a company brands it's goods, they are trying to create Brand Awareness and this usually happens when a company plans to stay in a business for a while and indeed with the way the Firm is spending a lot of money on Advertising, one can surmise that they do indeed plan to stay in the business because they have spent a lot.

It would therefore make little to no sense on their part to spend such huge amounts of money to build their brand if their products will be of low quality. The mushrooms have to be of high quality so that people may associate their brand with High Quality.

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3 years ago

Thompson company is a consulting firm and applies indirect overhead costs based on billing hours. the firm expects to have $7,70

maksim [4K]

The total cost of the consulting job = (Indirect cost per hour + Direct cost per hour ) * Total hours

The total cost of the consulting job = ( $11 per hour + $60 per hour ) * 20 hours

= $ 71 * 20 = $ 1,420

Here , the Indirect cost per hour is $ 11 ( 7,700 / 700 )

Direct cost per hour is $ 60

And the total number of hours billed is 20

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3 years ago

National income accountants can avoid multiple counting by1. only counting intermediate goods. 2. only counting final goods.3. i

lubasha [3.4K]

Answer:

2. Only counting final goods

Explanation:

When defining national income accounting and terminolgies, emphasis is always laid on "...total value of FINAL goods...". This is as a result of avoiding double counting. If intermediate goods were counted alongside final goods, it would be double counting because intermediate goods are used in producing those final goods. Final goods are good meant for final consumption. The other method used in avoiding double counting ( counting of the value of the same product more than once) apart from counting final gooda is Value added approach.

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4 years ago

Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process:

Alex787 [66]

Answer and Explanation:

1. The computation of the number of direct labor hours for each job is as follows

Number of direct labor hours = Direct labor per cost ÷ direct labor wage rate per hour

For Job 93

= $2,160 ÷ $18 per hour

= 120 hours

For job 94

= $5,400 ÷ $18 per hour

= 300 hours

For job 95

= $2,610 ÷ $18 per hour

= 145 hours

For job 96

= $900 ÷ $18 per hour

= 50 hours

2. The overhead applied for each job is

Overhead applied is

= Number of direct labor hours × overhead rate

For Job 93

= 120 hours × $8

= $960

For job 94

= 300 hours × $8

= $2,400

For job 95

= 145 hours × $8

= $1,160

For job 96

= 50 hours × $8

= $400

3. The preparation of the job order cost sheet is presented below:

Particulars Job 93 Job 94 Job 95 Job 96

Beginning

balance $8,750 $7,300

Direct

materials $950 $4,500 $3,300 $1,300

Direct

labor $2,160 $5,400 $2,610 $900

Applied

overhead $960 $2,400 $1,160 $400

Total $12,820 $19,600 $7,070 $2,600

4. The balance in work in process as on August 31 is

= Total job cost - cost of completed jobs

= ($12,820 + $19,600 + $7,070 + $2,600) - $12,820

= ($42,090 - $12,820)

= $29,270

5. Now the price of Job 93 is

= Job cost of 93 + Job cost of 93 × given percentage

= $12,820 + $12,820 × 40%

= $12,820 + $5,128

= $17,948

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3 years ago

What is the new law the American government enacted for promoting small businesses in the country?

Lady bird [3.3K]

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

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3 years ago