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2 years ago

WHAT DO YOU MEAN BY MARKET DEVELOPMENT ? EXPLAIN.

Business

1 answer:

NemiM [27]2 years ago

5 0

Answer:

market development is a strategic step taken by a company to develop the existing market rather than looking for new market .The company looks for a new buyers to pitch the product to a different segment of consumers in an effort to increase sales.

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Which of the following statements regarding first-in, first-out (FIFO) process costing is/are true?(A) First-in, first-out (FIFO

Sveta_85 [38]

Answer: The correct answer is "A. A only".

Explanation: First-in, first-out (FIFO) process costing first transfers out the costs in beginning inventory because the oldest units are the first to leave (First in - First out).

And it does not require an additional step in cost allocation to units transferred out and the final Work-in-Process inventory.

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3 years ago

When an employee comes late to the office, an internal attribution will occur if there is low _____, low ______ and high _____.

coldgirl [10]

Answer:

B. consensus; distinctiveness; consistency.

Explanation:

Internal attribution: It is the case of human behavior that causes the attribution, such as ability, skills, personality, etc. it is also known as dispositional attribution. In this case, individual does not blame external factor or attribution, instead, they use an internal cause for their behavior.

In the given case, the employee comes late to the office, he will use internal attribution for his behavior if there is low consensus, low distinctiveness of other factors and high consistency of getting late.

3 0

2 years ago

Contrary to recommendations by consumer credit counselors, most consumers don’t keep written track of their purchases, relying i

Viktor [21]

Answer:

mental budgeting

Explanation:

This is an example of mental budgeting because mental budget reduce the resistance that consumers feel when buying more than one item.

If you have a wide range of products, especially the spectrum of "serious", from need to fun then you can promote purchases in the mix categories.

so answer is mental budgeting

5 0

2 years ago

1. Alex Meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $74,000 cash immediat

sergey [27]

Answer:

1. The PV of option 3 which is $90,000 is the highest. Therefore, Alex will choose option 3 because it has the highset PV.

2. The fund balance after the last payment is made on December 31, 2027 will be approximately $1,934,302.71.

Explanation:

1. Assuming an interest rate of 6%, determine the present value for the above options. Which option should Alex choose?

Alex will choose the option with the highest present value (PV). The present value of each option can be determined as follows:

Option 1: $74,000 cash immediately

PV of option 1 = $74,000

Option 2: $26,000 cash immediately and a six-period annuity of $8,300 beginning one year from today

PV of $26,000 cash immediately = $26,000

PV of a six-period annuity of $8,300 beginning one year from today can be determined using the formula for calculating the present value of an ordinary annuity as follows:

PV of $8,300 annuity = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value of the $8,300 annual payments today =?

P = Annual payment = $8,300

r = interest rate = 6% = 0.06

n = number of years = 6

Substitute the values into equation (1) to have:

PV of $8,300 annuity = $8,300 * ((1 - (1 / (1 + 0.06))^6) / 0.06)

PV of $8,300 annuity = $8,300 * 4.9173243260054

PV of $8,300 annuity = $40,813.79

Therefore,

PV of option 2 = PV of $26,000 cash immediately + PV of $8,300 annuity = $26,000 + $40,813.79 = $66,813.79

Option 3: a six-period annuity of $15,000 beginning one year from today

The PV of option 2 can be determined using the formula for calculating the present value of an ordinary annuity as follows:

PV of option 3 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV of option 3 = Present value of the $15,000 annual payments today =?

P = Annual payment = $15,000

r = interest rate = 6% = 0.06

n = number of years = 6

Substitute the values into equation (2) to have:

PV of option 3 = $15,000 * ((1 - (1 / (1 + 0.06))^6) / 0.06)

PV of option 3 = $15,000 * 4.9173243260054

PV of option 3 = $90,000

Based on the calculations, the PV of option 3 which is $90,000 is the highest. Therefore, Alex will choose option 3.

2. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2027?

This can be determined using the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (3)

Where,

FV = Future value of the deposits after 10 years =?

M = Annual deposits = $140,000

r = annual interest rate = 7%, or 0.07

n = number of years = 10

Substituting the values into equation (3), we have:

FV = $140,000 * (((1 + 0.07)^10 - 1) / 0.07)

FV = $140,000 * 13.8164479612795

FV = $1,934,302.71

Therefore, the fund balance after the last payment is made on December 31, 2027 will be approximately $1,934,302.71.

4 0

2 years ago

Sadar Company operates a store with two departments: videos and music. Information about those departments follows. Videos Depar

worty [1.4K]

Answer:

Sadar Company

1. Departmental Contribution and Net Income:

Videos Department Music Department

Sales $370,500 279,500

Cost of goods sold 320,000 175,000

Contribution $ 50,500 104,500

Direct expenses:

Salaries 35,000 25,000

Maintenance 12,000 10,000

Utilities 5,000 4,500

Insurance 4,200 3,700

Indirect expenses:

Advertising 8,550 6,450

Salaries 16,200 10,400

Office expenses 2,000 1,200

Total expenses: $82,950 61,250

Net Income (Loss) $(133,450) 43,250

2. Video Department should be eliminated from the profit point of view. Its indirect costs of $26,750 can be absorbed by the Music Department.

Explanation:

a) Data and Calculations:

Videos Department Music Department

Sales $370,500 279500

Cost of goods sold 320000 175000

Direct expenses:

Salaries 35,000 25000

Maintenance 12000 10000

Utilities 5000 4500

Insurance 4200 3700

Indirect expenses:

Advertising 8,550 6,450

Salaries 16,200 10,400

Office expenses 2,000 1,200

Indirect Costs:

Advertising 15000 Sales

Salaries 27000 Number of employees

Office expenses 3,200 Square footage

Department Square footage Number of employees

Videos 5,000 3

Music 3,000 2

Indirect Costs Allocation:

Videos Department Music Department

Sales $370,500 279,500

Advertising 15000 8,550 6,450

Sales

Salaries 27000 16,200 10,400

Number of employees

Office expenses 3,200 2,000 1,200

Square footage

4 0

2 years ago

WHAT DO YOU MEAN BY MARKET DEVELOPMENT ? EXPLAIN.​

WHAT DO YOU MEAN BY MARKET DEVELOPMENT ? EXPLAIN.