Answer:
The four pillars are energy, product, workplace and service.
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Explanation:
The Timberland Company have a tradition of Corporate Social Responsibility, Timberland have always been committed to environment and social sustainability. The four pillars of Timberland Company for Corporate Social Responsibility are Energy, Product, Workplace and Service.
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Answer:
While setting the price of a product, managers must consider all of the following: A) cost of the whole marketing mix B) buying capacity of the customers C) profit it should bring the company D) transportation cost E) personnel cost to the company
Explanation:
Key factors in calculating the sale price can be:
- Costs are a major factor in determining the selling price and a way of forming a price that is primarily related to costs called “ground” because it represents the minimum at which the price can be set. It includes cost plus other costs with no projected or minimal profit;
- Demand/buying capacity as a key factor in price calculation is tied to a method called the "ceiling" because capacity exceeds the price limit that customers are willing to accept to get a product or service.
- Competition as a pricing factor refers to alternatives that customers can choose from, and competition allows them to do so;
Cost-based pricing has its sub-methods such is Cost plus method
The basic principle is to add a rate of profit to the sum of direct and indirect costs. This way price consider a profit to it should bring to company.
Direct costs include material and labor costs, and indirect or general costs comprise a portion of fixed indirect costs such as depreciation, administration costs, sales costs and other general costs.
Formula: price = Direct costs + Indirect costs + Rate of profit
Answer:
Net income = $3000
C. $ 3 comma 000
Explanation:
For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included.
In this case.. There is only a buy and a sell trade.
Net income= selling price- cost price
Net income= $52000-$49000
Net income = $3000
Answer:
$19
Explanation:
Marginal revenue is the change in revenue when production increases by one unit
Marginal revenue = change in total revenue / change in quantity produced
total revenue 1 = $30 x 10 = $300
Total revenue 2 = $29 x 11 = $319
change in total revenue = $319 - $3000 = $19
Change in quantity produced = 11 - 10 = 1
Marginal revenue = $19 / 1 = 19
Answer:
In forecasting accounts payable, one of the relevant questions is:
What is the cash conversion cycle?
Explanation:
The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days. Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash. To gain a good understanding of accounts payable, one should always consider the major inclusive metric.