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professor190 [17]
3 years ago
12

Question 1 (14 points)

Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

a. (6 points) Why would you want to differentiate your product?

Because differentiating your product is one of the two basic business strategies, the other one being reducing the price of the product. Differentiating your product allows you to gain competitiveness in a contested market.

b. (8 points) How would you do it? How would your product differ?

An product that can be differentiated is a yogurt. The market for yogurt is very competitive so differentiation is necessary. The yogurt could be flavored in less common ways: like saffron, kiwi or cucumber, and the technique could be adapted from Greek Yogurt to give a healthier style.

a. (5 points) Please explain in detail what this asymmetric information problem, and who is facing it (your firm or your consumers).

The problem of asymmetric information occurs when one party of the transaction has more information than the other party. In a typical business transaction, the managers of the firm have more information than consumers, so consumers would be facing the problem of asymmetric information.

b. (8 points) How do you think the technology that you use, affects the market structure and/or the demand of your product?

Technology can make the market structure more competitive or less, but it usually makes it more competitive. Technology also improves the productiviy and efficiency of the production process, which leads to costs reductions than pass through price. This in turn raises demands for the product.

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Gaulle Company began the year with a balance of $6,000 in Accounts Receivable and ended the year with $9,000 in the account. Rev
Mkey [24]

Answer:

$35,000

Explanation:

Data provided in the question:

Accounts Receivable at the start of the year = $6,000

Accounts Receivable at the end of the year = $9,000

Revenues for the period = $38,000

Now,

cash collected from the customers

= Beginning balance + Revenue for the year - Ending balance of account receivable

= $6,000 + $38,000 - $9,000

= $35,000

8 0
3 years ago
On January 1, 2018, M Company granted 90,000 stock options to certain executives. The options are exercisable no sooner than Dec
hram777 [196]

Answer:

$120,000

Explanation:

Given that,

stock options = 90,000

Each option can be exercised to acquire one share of $1 par common stock for $12.

Total Value of the option = stock options × fair value of the options

                                          = $90,000 × $5

                                          = $450,000

company to estimate that 10% of the options would be forfeited, so,

= 90% of Total Value of the option

= 0.9 × $450,000

= $405,000

2 out of 3 years = $405,000 × 2/3

                           = $270,000

=\frac{Total\ value\ of\ the\ options}{no.\ of\ years}

=\frac{450,000}{3}

= $150,000

Compensation expense (2019) = $270,000 - $150,000

                                                    = $120,000

6 0
3 years ago
Adjustments help to ensure that all revenues are recorded in the period in which they are:______
Andrew [12]

Answer: made

                     

Explanation: In simple words, adjustment in accounting refers to the transactions that are not recorded in the accounts yet but actually belongs to it with respect to the time period of their occurrence.

There are generally five types adjusting entries accrued revues, accrued expenses, deferred revenues, deferred expenses and deprecation expenses. Such entries are usually made at the end of the year in their respective accounts.

5 0
3 years ago
True or False: With the export subsidy, domestic producers will sell steel to domestic consumers and sell the rest abroad.
Bess [88]

The answer to the question of whether the export subsidy would make domestic producers sell steel to domestic consumers and sell the rest abroad is:

  • False because the domestic producers would not want to sell at a lesser price than what they would have sold abroad.

<h3>What is Export Subsidy?</h3>

This refers to the government policy which is meant to discourage export of goods with the aim of regulating the economy which usually leads to the increase in the amount of customer surplus in the market.

With this in mind, we can see that the export subsidy has to do with the increase in domestic price whereby there is a higher cost for exports for producers.

Read more about export subsidy here:
brainly.com/question/7193712

4 0
2 years ago
Campbell Construction Company expects to build three new homes during a specific accounting period. The estimated direct materia
Alina [70]

Answer:

The driver for employees fringe benefits is direct labor costs whereas the driver for indirect material costs is direct material costs

The total cost of each home is as follows:

Home 1 $188140

Home 2 $268860

Home 3 $408910

Explanation

Find the breakdown of the costs in the attached excel file.

Download xlsx
6 0
3 years ago
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