The determination of the size of a sales force is usually done via some estimation of expected __________

Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansio

enyata [817]

Answer:

The correct answer is letter "D": Wal-Mart employed a preemptive strategy.

Explanation:

Game Theory is a branch of Economy that studies the decisions in which an individual could succeed if he or she takes into account the decisions of the rest of the participants involved in the event. Game Theory has also been applied for subjects such as Mathematics, Managements, Psychology or even Biology.

In the game theory, the Preemptive Strategy is implemented when individuals take a step before other participants in an attempt of having a favorable outcome of the situation. They lead the event using creativity. Thus, Wal-Mart used the preemptive strategy by opening stores in small towns that supported only one discount store.

8 0

3 years ago

Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sol

Sedbober [7]

Answer:

1. Cost to retail ratio = Cost of goods available for sale/ Retail value of goods available for sale

- Cost of goods available for sale = $430000 + $920000 + $62550 = $1412550

- Retail Value of goods available for sale = Retail value of inventory + Net Markup - Net Markdown = $565000 + $1340000 + $61000 - $31000 = $1935000

Cost to retail ratio = Cost of goods available for sale/Retail value of goods available for sale = ($1412550/$1935000)*100 = 73%

Sales value at retail = $1265000

So, Cost Of goods Sold = Sales Value at retail*Cost to retail ratio = $1265000*73% = $923,450

2. Ending Inventory Retail Value = Retail value of goods available for sale-Sales value at retail = $1935000 - $1265000 = $670,000

So, Cost of ending inventory = Ending inventory value at retail*Cost to retail ratio = $670000*73% = $489,100

8 0

2 years ago

The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December

notsponge [240]

Answer:

Cash flow from operating activities

Net income $352,000

Adjustment to reconcile net income to

net Cash flow from operating activities

Depreciation expense $26,350

Loss on investment sold $15,500

Decrease account receivable $7,750

Decrease current liabilities -$26,350

Net cash flow from operating activities $348,250

Cash flow from investing activities

Sale of investment $12,100

Purchase of equipment -$89,900

Net cash used investing activities -$77,800

Cash flow from financing activities

Dividend paid -$66,000

Net cash used financing activities -$66,000

Net cash increase (decrease) $204,450

Beginning Cash $120,900

Ending Cash $325,350

6 0

2 years ago

Select all that apply. Select the items that describe what happens at the equilibrium price. Producers supply the exact goods th

malfutka [58]

Answers are:
Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price
Producers use their resources efficiently

At the equilibrium price, the quantity bought= quantity sold. Consumers have enough goods at the given price, meaning that there isn't anyone who wants to buy the good at that price but can't, and producers use their resources efficiently.

The whole economy does not waste resources, since this is the market-efficient outcome, and there aren't many shortages or surpluses for the same reason.

5 0

3 years ago

You get a 15% discount if you buy a new range listing at $924.95 and a new freezer listing at $12,695.95 on the same bill. What

ale4655 [162]

Answer:

a)$2,043.14

Explanation:

The discount is applicable when both items are bought together.

the total bill for the two items will be $12,695.95 + $924.95

=$13,620.90

15% discount of $13,620.90

=15/100 x $13,620.90

=0.15 x $13,620.90

=$2,043.135

=$2,043.14

5 0

2 years ago

The determination of the size of a sales force is usually done via some estimation of expected ___________