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3 years ago

7

Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,

are referred to as _____.

1 answer:

nlexa [21]3 years ago

4 0

Its called convenience products

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When interests rates are low, spending deceases. True or false?

const2013 [10]

Answer:

False, when interests rates are low, spending increases because more people are willing to spend more money to make big purchases on items such as cars or homes.

3 0

3 years ago

Read 2 more answers

onceptual Connection: For each situation, identify the possible root cause(s) of the activity cost (such as plant layout, proces

Minchanka [31]

Answer:

Explanation:

For each situation, identify the possible root cause or causes of activity cost, among these:

1. Plant Layout

2. Process design

3. Product design

(A) PROCESS DESIGN

The design of the process of production is the root cause of activity cost here. From the rates given, it's clear that the manual method of production costs more time and money than the mechanical production method.

A minor cause of activity cost here is the PRODUCT DESIGN; the cost of which varies with the use of labour and the use of machine.

(B) PRODUCT DESIGN

Change in design of the gear (removal of some component parts) reduces set up time and cost.

(C) PLANT LAYOUT

Redesign of manufacturing plant saves the time and cost of moves.

3 0

3 years ago

Nonprofit organizations differ from profit organizations in that nonprofit organizations: Group of answer choices

Schach [20]

Answer:

The correct answer is <em>must often target those who are apathetic about or strongly opposed to receiving their services. </em>

Explanation:

A nonprofit organization is formed for the public good. Nonprofit organizations are usually formed for religious, charitable or educational purposes.

Instead, for-profit organizations can be formed to carry out a variety of legal businesses. The main reason for forming a profit organization is to make profits for the owners of the company.

8 0

3 years ago

Which of the following statements is CORRECT?a. An investment that has a nominal rate of 6% with semiannual payments will have a

andreyandreev [35.5K]

Answer:

c. If a loan has a nominal annual rate of 7%, then the effective rate will never be less than 7%

<em>CORRECT</em>

as at least is recive 7% of the investment. If payment are made in shorter period (semiannually, quarterly, etc)

Then the effective rate will be higher, not lower.

Explanation:

a. An investment that has a nominal rate of 6% with semiannual payments will have an effective rate that is smaller than 6%

FALSE the effective rate will be higher as there is compounding effect.

b. The present value of a 3-year, $150 ordinary annuity will exceed the present value of a 3-year, $150 annuity due

FALSE the annuity-due is discounted for one period less, as the payment are made at the beginning of the period therefore; his V is greater.

d. If a loan or investment has annual payments, then the effective, periodic, and nominal rates of interest will all be different

FALSE if it mades annual payments they will be equal

e. The proportion of the payment that goes toward interest on a fully amortized loan increases over time.

FALSE the interest will decrease over time as there is a portion of principal which is being paid each installment

3 0

3 years ago

In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300,

tester [92]

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

Whispering Winds Corp.

Income statement for the year 2019

Net sales $973,000

Less: Cost of goods sold <u>$570,900</u>

Gross Profit $402,100

Less:Operating expenses <u>$220,300</u>

Operating Profit $181,800

Less: Interest expense <u>$14,600 </u>

Profit before Tax $167,200

7 0

3 years ago