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2 years ago

What is innovation? (Media Literacy)

Business

1 answer:

BabaBlast [244]2 years ago

7 0

Answer:

A. A groundbreaking idea, product, or method

Explanation:

Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.

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You have been given the choice to invest $1,200 each year in an account that is expected to pay 3 percent per year or you can in

gregori [183]

Answer:

$4872.48

Explanation:

future value = amount x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

r = 4% - 3% = 1%

1200 x [(1.01)^4 - 1] / 0.01 = $4872.48

8 0

2 years ago

Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the LIFO cost

sammy [17]

Answer:

a) ending inventory: 11,850,000

cost of goods sold: 25,200,000

gross profit 25,200,000

ending inventory: 1,800,000

cost of goods sold: 23,100,000

gross profit 50,400,000 - 23,100,000 = 27,300,000

Explanation:

5,200 at $600

4,100 at $700

6,200 at $800

purchase 29,000 at $900

-sold 28,000 grills

As we use LIFO we sale from the last purchase thus, 29,000 - 28,000 = 1,000 of this units are added as another layer for the inventory account

ending inventory

5,200 at $ 600

4,100 at $ 700

6,200 at $ 800

1,000 at $ 900

Total $ 11,850,000

cost of good sold:

28,000 x $900 = $25,200,000

sales revenue

28,000 x 900 x 200% = $50,400,000

gross profit sales revenue less COGS

b) 5,200 at $600

4,100 at $700

6,200 at $800

purchase 15,500 at $900

-sold 28,000 grills

we check how many layer deep we go:

28,000 - 15,500 at 900= 12,500

12,500 - 6,200 at 800= 6,300

6,300 - 4,100 at 700 = 2,200 at 600

Ending Inventory

3,000 at $600 = $ 1,800,000

COGS:

15,500 x 900 + 6,200 x 800 + 4,100 x 700 + 2,200 x 600 = 23,100,000

3 0

3 years ago

Nashville Harmonies Inc. and Taylor enter into a contract for Taylor to write six songs for which Nashville agrees to pay her. T

anyanavicka [17]

Answer:

In the transfer of rights, Taylor is an assignor

Explanation:

An assignor is an individual, organization, or other substance that moves rights that they hold to another element. The assignor transfers to the trustee. For instance, a group the assignor that goes into an agreement to sell a bit of property can dole out the returns or advantages of the agreement to an outsider (the chosen one, for example, philanthropy or a trust.

The task of rights regularly happens upon death to deal with the perished home, or through an intensity of lawyer to manage lawful or budgetary undertakings of a person.

5 0

3 years ago

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge i

Viktor [21]

When an investor purchases Class A shares of a mutual fund in their brokerage account at a FINRA member firm, the sales charge is apportioned to all of the following except The mutual fund.

<h3>What does it mean to be a member of FINRA?</h3>

The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

A member is a registered investment firm or a brokerage or a dealership. Generally, an associated person is registered under the company rules and holds an important position at a company making investment decisions.

To learn more about FINRA visit the link

brainly.com/question/13678897

#SPJ4

8 0

1 year ago

Why is it important for businesses to their heavy users?

Dovator [93]

Answer:

The Heavy users of a business are those people who comprise about 20% of the business's consumers and yet buy so much that they bring in about 80% of the business's revenue.

Heavy users also have an impact on light users because they can market the goods to light users whether indirectly or directly when they use so much of a business's goods and services.

It is therefore very important that the business knows of these heavy users so that they can focus marketing strategies on them as well as to offer them incentives that will keep them satisfied and coming back for more because if they don't act and they lose their heavy users, their revenues will see a significant drop.

8 0

2 years ago