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netineya [11]
3 years ago
8

Louis is a student at Texas A&M who just secured a summer internship working for the marketing department of Southwest Airli

nes. He is assisting Marlene, one of the marketing managers, with a competitive assessment of the U.S. market. Marlene wants him to think outside of the box when assessing the competition. She tells him to think beyond direct competitors to any competitors that might be able to offer similar services as Southwest. Refer to Scenario 3.1. Which of the following represents a generic competitor to Southwest Airlines?
a. GoKarts USA
b. Greyhound Bus
c. FedEx Express
d. Delta Airlines
e. Harley Davidson
Business
1 answer:
marin [14]3 years ago
7 0

Answer:

The answer is "Option b".

Explanation:

The Greyhound Bus uses the three types of fare, that were being used by Greyhound, and the extra travelers Economy and Luxury pay non-refundable costs, receive $20 to upgrade their fares or one carriage free or one luggage free. Additional travelers from Business also receive priority loading but collect further rewards than travelers from Business.

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In a given year, US exports were $5 billion and imports were $16 billion. What was the US trade deficit or trade surplus that ye
BARSIC [14]
First, we will calculate the net trade balance:
net trade balance = exports - imports = $5 billion - $16 billion = $-11 billions

Then, we will decide whether this is trade deficit or trade surplus. A trade surplus is when the value of exports is more than that of imports while a trade deficit is when value of imports is more.
From the mentioned values, it is clear that the US suffered from a trade deficit this year.
Value of trade deficit = $11 billion.
5 0
3 years ago
(This problem is not related to the above problem) Last year Builtrite had retained earnings of $140,000. This year, Builtrite h
Fiesta28 [93]

Answer:

Closing/ New Level of Retained Earnings = $170,000

Explanation:

As for the provided information,

Retained earnings opening balance = $140,000

Net Profits after taxes = $65,000

This balance of net profit which is after taxes includes the dividend earned, which shall be the part of income, as the dividend earned is part of our income in case not reduced from carrying value of investment, as in case of investment in any company's stock for less than 20% share.

Also the preference dividend paid tends to reduce the net income to be added to retained earnings.

Therefore, closing balance of retained earnings:

= $140,000 + $65,000 - $35,000 = $170,000

8 0
3 years ago
The following amounts were reported on the December 31, 2019, balance sheet: Cash $ 8,000 Land 20,000 Accounts payable 15,000 Bo
Galina-37 [17]

The acid test ratio for the firm as on 31st December 2019 will be 0.85 as per the information contained under the balance sheet.

<h3>What is acid-test ratio?</h3>

The ratio, which is derived by the division of the current assets less inventories with the current liabilities of the firm, is known as the acid-test or quick ratio.

Using the formula and given information, the acid-test ratio will be computed as,

\rm Acid\ Test\ Ratio= \dfrac{Current\ Assets\ - Inventories}{Current\ Liabilities}\\\\ Acid\ Test\ Ratio= \dfrac{150000-30000}{140000}\\\\\rm Acid\ Test\ Ratio= 0.85

Hence, the acid-test ratio is as computed above.

Learn more about acid-test ratio here:

brainly.com/question/17251234

#SPJ1

8 0
2 years ago
The Digby Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expec
Igoryamba

Answer:

$4,908,000

Explanation:

The computation of accumulated depreciation expense for this purchase is shown below:-

Depreciation expense = ((Cost of machine - Salvage) ÷ Estimated useful life of machine)

= (($40,900,000 - $4,090,000) ÷ 15) × 2

= $36,810,000 ÷ 15 × 2

= $4,908,000

Therefore for computing the depreciation expense we simply applied the above formula.

6 0
3 years ago
What are the six basic step of the problem solving process?
kotykmax [81]

Answer:

think think think think think answer

hope it helps

8 0
3 years ago
Read 2 more answers
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