Answer: Upselling
Explanation:
Upselling is a customer development strategy whereby the customers are encouraged to buy an upgraded or higher end version of a particular product. Upselling therefore results in the customers spending more than what they initially planned for and this bring about increase in revenue to the company.
Therefore, the customer development strategy exemplified by JetBlue is Upselling.
which of the following is a collaboration of software
Answer:
I dont see anything
Explanation:
The Hewitt Company has calculated that their average collection period (ACP) is 25 days. They are hoping that the new cash discounts they have implemented will reduce the ACP. After one month, they have the following data: 60% pay in 15 days and 40% pay in 30 days. How much is the change in the ACP?
a. 4 days reduced
b. 4 days increased
c. 17 days increased
d. 21 days reduced
Answer:
a. 4 days reduced
Explanation:
Calculation for How much is the change in the ACP
First step is to calculate New Collection Period
New Collection Period =( 60% * 15 Days) + (40% * 30 Days )
New Collection Period=9 Days+12 Days
New Collection Period= 21 Days
Last step is to calculate Change in ACP using this formula
Change in ACP =Current Average Collection Period -New Collection Period
Let plug in the formula
Change in ACP = 25 Days - 21 Days
Change in ACP= 4 Days (Reduced)
Therefore the change in the ACP will reduced by 4 days
Broad, Inc. had a beginning inventory of $50,000 and an ending inventory of $80,000. Its Cost of Goods Sold for the year was $970,000. What was the amount of purchases that it made for the year?
A. $940,000
B. $1,000,000
C. $1,050,000
D. $1,060,000
Answer:B. $1,000,000
Explanation :
Given that
beginning inventory = $50,000
Cost of Goods Sold =$970,000.
ending inventory = $80,000.
Using the formula below to find the amount of purchases , we have that
Cost of Goods Sold = Beginning Inventory + Purchases During the Period – Ending Inventory
$970,000 =$50,000+Purchases During the Period -$80,000
Purchases During the Period =$970,000 -$50,000 +$80,000
Amount of Purchases During the Period for Broad, Inc. = $ 1,000,000
Blossom Company has provided you with the following sales data. September October November December Budgeted unit sales 20000 30000 50000 40000 The company requires that 5% of the next monthâs sales be on hand at the end of each month. Budgeted production for October is:_____________
Answer:
Production= 31,000
Explanation:
Giving the following information:
Sales:
October= 30,000
November= 50,000
The company requires that 5% of the next month's sales be on hand at the end of each month.
To calculate the production for October, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 30,000 + (50,000*0.05) - (30,000*0.05)
Production= 31,000
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $27,000 per year forever. If the required return on this investment is 6.3 percent, how much will you pay for the policy? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g. 32.16.) Present value $ ________
Answer:
Present value = $428571.4286 rounded off to $428571.43
Explanation:
To determine how much should be paid for the policy today, we must calculate the present value of perpetuity. The policy returns are in the form of a perpetuity as they are paid in a constant amount after equal intervals of time and for an indefinite time period. The formula for the present value of perpetuity is,
Present value = Cash flows / r
Where,
r is the required rate of returnPresent value = 27000 / 0.063
Present value = $428571.4286 rounded off to $428571.43
Consider an industry that is made up of nine firms each with a market share (percent of sales) as follows:
a. Firm A: 30%
b. Firm B: 20%
c. Firms C, D, and E: 10% each
d. Firms F, G, H, and J: 5% each
Answer: four-firm concentration ratio
Explanation: hope this helps ;)
Once a project is underway, the project manager is responsible for the:_______a. people. b. cost. c. time. d. All of these
Answer:
I think the answer is D. All of the above
Explanation:
When a project is underway, the project manager is responsible for the management of the:
peoplecosttimeWho is a project manager?This is a manager that are responsible for planning, organizing and directing the completion of specific projects for an organization.
Therefore, the Option D is correct.
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Explain why, in the absence of a patent, a technical innovation invented and pioneered in one tofu factory will cause the supply curve for the entire tofu industry to shift to the right. What will finally halt the rightward shift? Use supply and demand curves to demonstrate what happens. If the government grants a patent to the one tofu firm that developed the innovation, what type of market for the newly innovated and differentiated product would result (ie perfect competition, monopolistic competition, oligopoly, or monopoly)? Why would the government do this? What would happen to price and consumer surplus under a patent?
Answer:
We should start by assuming that before the technological break through is made, the tofu industry is at equilibrium. The new technology will result in the production costs of tofu decreasing, which will shift the supply curve to the right. At first, production costs of just the innovative firm will decrease, but eventually other firms will catch up with the new technology. In the short run, the innovative firm will be able to make an economic profit since the industry will not have reached equilibrium. But after a while, as more firms adopt the new technology, equilibrium will be reached and economic profit will disappear (halting the rightward shift).
If the government grants a patent to the innovative firm that developed the new technology, then a monopoly might result. This is something similar to monopolies resulting from patents in the pharmaceutical industry. The profits of this specific company will increase, resulting in economic profit. Governments hand out patents as a way to reward innovation and encourage it. Imagine if patents didn't exist, how many companies would invest billions in R&D if they know that their competition will use that research for free?
When patents are granted, prices increase, and consumer surplus decreases.
Risk-taking and financing activities of channel intermediaries:
a, Is an important basic channel function these days.
b. Have been greatly increased over the last one hundred years.
c. Have been greatly reduced over the last one hundred years.
d. Both A and B
Answer:
c) Have been greatly reduced over the last one hundred years
Explanation:
financing activities which could be explained as the activities that involves
flow of cash when doing a business among business owner and creditors, it includes selling if stock, payment of dividend, paying back of investors and others, however in financial activities, risk taking is very crucial, when taking loan to run a business is a risk taking and other activities that may result in loss. It should be noted that Risk-taking and financing activities of channel intermediaries Have been greatly reduced over the last one hundred years
Storico currently has 30,000 shares outstanding that sell for $47.27 per share. The company plans to issue a stock dividend of 10 percent. How many new shares will be issued?
Answer:
The number of new shares that will be issued is 3,000 shares.
Explanation:
A stock dividend can be desctibed as dividend that paid to shareholders in shares instead of paying it in cash to the shaeholders.
From the question, we are given the following:
Number of shares outstanding = 30,000
Planned stock dividend percentage = 10%
Therefore, the number of new shares that will be issued as stock dividend to the shareeholders of Storico can be calculated as follows:
Number of new shares to issue = Number of shares outstanding * Planned stock dividend percentage = 30,000 * 10% = 3,000
Therefore, the number of new shares that will be issued is 3,000 shares.
The depreciation method that charges the same amount of expense to each period of the
asset's useful life is called:
Answer:
The straight-line depreciation method
Explanation:
Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.
i.e. depreciation rates =1/ useful life x 100.
Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.
1- In 2013, Walmart decided to enter the Indian market in a joint-venture with Bharti Enterprises. Based upon your analysis of Walmartâs global expansion up to that point, do you think it was a good idea to go to India? To select joint-venture mode of entry?
2- In general, what do you think is the best way to enter a new market: acquisition, joint venture, or greenfield investment? (please compare and contrast) What is the impact on the Supply Chain? What are the location characteristics that affect this decision? What are the firm characteristics that affect this decision? What industry characteristics affect the decision?
Answer:
1- Walmart wanted global expansion and it availed the opportunity to expand its business by entering Indian market, however the Indian market is far different than the US market that is why a joint-venture was required to enter the different market as Bharti Enterprises was already operating in Indian market.
2- To enter a new market Joint-venture will be suitable because:
In acquisition the investor acquires all the shares of an existing organisation in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost. In a Joint venture the investor and a local investor invests together to form a different organisation, in this method the organisations jointly own a newly formed organisation in which they both jointly decide the name and the local investor have knowledge about the local market which can be helpful if the customer taste is different than the investors market. In a Greenfield investment the investor purchases shares and bonds of an organisation already operating in the targeted market, in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost.
Explanation:
1- Walmart wanted global expansion and it availed the opportunity to expand its business by entering Indian market, however the Indian market is far different than the US market that is why a joint-venture was required to enter the different market as Bharti Enterprises was already operating in Indian market.
2- To enter a new market Joint-venture will be suitable because:
In acquisition the investor acquires all the shares of an existing organisation in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost. In a Joint venture the investor and a local investor invests together to form a different organisation, in this method the organisations jointly own a newly formed organisation in which they both jointly decide the name and the local investor have knowledge about the local market which can be helpful if the customer taste is different than the investors market. In a Greenfield investment the investor purchases shares and bonds of an organisation already operating in the targeted market, in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost.
When using annual worth to evaluate the attractiveness of a single alternative, what value is the calculated AW compared to in determining if an investment is attractive?
a. PW
b. FW
c. 0.0
d. MARR
Option "C" is the correct answer to the following question.
0.0 is the correct answer.
The computed AW comparison to 0.0 in evaluating if an expenditure also investment is appealing when utilizing annual worth to determine the competitiveness of a single option.
If AW is less than zero, it is a good investment.
As a result, AW's standard is zero.
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The nonmoney benefits a person may receive in a job are sometimes referred to by economists as:___________.
A. nonpayment benefits
B. pecuniary benefits
C. nonpecuniary benefits
D. internal payments
Answer:
C. nonpecuniary benefits
Explanation:
Nonpecuniary benefits are also referred to as non cash benefits that are earned by employees as they occupy a particular position in a company.
Examples of nonpecuniary benefits are official car, accommodation, and schooling packages.
The non cash benefits an employee gets on a job are as important as the cash compensation they will get.
Nonpecuniary benefits go a long way in creating a conducive working environment to work.
What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty Please select the best answer from the choices provided
Answer:
The correct answer is B.
Explanation:
I just took the test, and B is correct.
An extended warranty is often offered by a third party instead of a manufacturer. The correct option is b.
What do you understand about an extended warranty?An extended warranty or service agreement is a prolonged warranty offered to customers in addition to the standard warranty on new items. This kind of warranty can be offered by the warranty administrator, the retailer or the manufacturer.
Extended warranties cost extra and for a percentage of the item's retail price. Occasionally some extended warranties that are purchased for multiple years state in writing that during the first year the consumer must still deal with the manufacturer in the occurrence of malfunction.
There are certain terms and conditions in extended warranty which may not match the original terms and conditions. For instance, these may not cover anything other than mechanical failure from normal usage.
Some common examples of extended warranties are automobiles and electronics.
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A federal budget deficit can strain credit markets, forcing the real rate of interest to decrease. True False
Answer:
False
Explanation:
When the federal government has a budget deficit, it needs to borrow money to continue operating. It borrows money from the market, i.e. sells securities. This results in the crowding out effect since the funds used by the federal government cannot be used by private investors to finance private projects. Since the FED competes with private entities for available money, this with cause the real price of money, or the real interest rate, to increase.
3) A 20 year mortgage set up for uniform monthly payments with 6 percent interest compounded monthly is taken over by a new owner after 8 years. At that time $12,000 is still owed on the principal. What was the amount of the original loan?
Answer:
Original loan = $16,344.91
Explanation:
No of monthly payments remaining at the end of 8 years = 12* 12 = 144
Monthly rate= 6%/12 = 0.5% = 0.005
Loan balance at the end of year 8 = Present value of remaining 144 monthly payments
Present value of annuity = Annuity amount * {1-(1+r)^-n}/r
$12,000 = Monthly payment * (1-1.005-144)/0.005
$12,000 = Monthly payment * 102.47474
Monthly payments = $12,000/102.47474
Monthly payments = $117.10
Original loan = Present value of 240(20 years *12) monthly payments
Original loan = $117.10*(1-1.005^-240)/0.005
Original loan = $16,344.91
Why do people buy stocks?
Answer:
Investors buy stocks for various reasons. Here are some of them: Capital appreciation, which occurs when a stock rises in price. Dividend payments, which come when the company distributes some of its earnings to stockholders.
Priscilla Presley and investment manager Jack Snowden formed _____________ on June 7, 1982 to conduct business and manage the assets of Elvis' estate.
Priscilla Presley and investment manager Jack Snowden formed a Partnership on June 7, 1982, to conduct business and manage the assets of Elvis' estate.
An agreement between two or more people to manage a business's operations and divide its assets and liabilities is known as a partnership.
What is the function of partnership?A partnership agreement is a legally binding agreement between two or more people or other legal entities with the aim of establishing a business entity.
There must be at least two people present. There must be an understanding. The business must distribute its gains. Mutual agency is required, meaning that all of them must do business on their own behalf or that any one of them may do so.
A partnership is a type of business where two or more persons enter into a legal agreement to be co-owners, share in the organization's profits or losses, and divide the duties for managing it.
All partners in a general partnership corporation split the company's assets and debts equally. Lawyers and other professionals frequently create limited liability partnerships.
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The decline in unit costs of a product or service that occurs as the absolute volume of production increases is known as
A. economies of scale.
B. mass customization.
C. specialization.
D. None of the above.
Answer:
A. economies of scale.
Explanation:
The economies of scale is the scale where the company has the advantage of the cost that reaped by the organization in the case when there is an efficient production. It could be accomplished when the level of production or the volume of the production rises by lowering the cost
Therefore as per the given situation, the option A is correct as it fits to the current situation
Hence, the correct option is A.
What will happen to a typical isoquant if robots become increasingly good at doing manual and mental labor?A. Isoquants will become much steeper.
B. Isoquants will not change but movement will occur upward on the curve.
C. Isoquants will become much flatter.
D. Isoquants will become a negatively sloped straight line.
Answer:
C. Isoquants will become much flatter.
Explanation:
An isoquant which from Latin maeans "equal quantity"can be regarded as counterpart of the consumer's indifference curve of a company, it is curve which shows some kind of consistent amount of output. It can be known with it's negative slope. With isoquant all the inputs that gives rise to the same level of output can be known
Therefore, in a case whereby robots become increasingly good at doing manual and mental labor then a typical isoquant will become much flatter.
why do you think states have licensing requirements for certain occupations?
Answer: to prevent improper use or causing an issue with the thing they have to get a license for
How long do financial records remain on your credit report?
During 2020, Flint Corporation reported net sales of $5,490,000 and net income of $1,320,000. Its balance sheet reported average total assets of $1,500,000. Calculate the asset turnover.
Answer:
The asset turnover is 3.66 times
Explanation:
Asset Turnover is the efficiency rate of the assets of the business to generate revenue for the business. It shows how efficiently the assets of the business are used to generate revenue for the business.
Formula for Asset turnover is as follow
Asset Turnover = Net sales / Average total assets
Asset Turnover = $5,490,000 / $1,500,000
Asset Turnover = 3.66 times
It means that the sale for the period is generated to 3.66 times of average total asset of the business.
If a manufacturing process takes 4 hours per unit of x and 2 hours per unit of y and a maximum of 100 hours of manufacturing process time are available,then an algebraic formulation of this constraint is:_______.
A) 4x + 2y ï³ 100
B) 4x ï 2y ï£ 100
C) 4x + 2y ï£ 100
D) 4x ï 2y ï³ 100
Answer:
The algebraic formulation of the constraint is 4X+2Y ≤ 100
Explanation:
The algebraic formulation of the constraint is shown below:
Given that
The number of hours taken per unit of x is 4 hours
And the number of hours taken per unit of x is 2 hours
And, the maximum hours available is 100
Now based on the above information
The algebraic formulation of the constraint is
= 4X+2Y ≤ 100
hence, the same is to be considered
The Food Marketing Institute shows that 17% of households spend more than $100 per week on groceries. Assume the population proportion is p 5 .17 and a simple random sample of
800 households will be selected from the population.
Answer:
23.14
Explanation:
The weighted-average cost method is used by Jose, Inc. Sales are $240,000, the number of units available for sale is 100, the number of units sold during the period is 75, and the weighted-average cost of the goods available for sale is $600 each. How much is gross profit for the company?a. $195,000 b. $ 60,000 c. $ 30,000 d. $ 45,000
Answer:
Gross profit= $195,000
Explanation:
Giving the following information:
Sales= $240,000
Number of units sold= 75
Weighted-average cost= $600 each.
To calculate the gross profit, we need to use the following formula:
Gross profit= sales - COGS
Gross profit= 240,000 - 75*600
Gross profit= $195,000
Laurel, Inc., and Hardy Corp. both have 9 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has four years to maturity, whereas the Hardy Corp. bond has 15 years to maturity.
If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds?(Negative answers should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Percentage change in price of Laurel %
Percentage change in price of Hardy %
If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of these bonds be then? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Percentage change in price of Laurel %
Percentage change in price of Hardy %
Answer:
If interest rate rises by 2%
Laurel Inc:
Percentage change in price = -0.0633 or -6.33%
Hardy Corp:
Percentage change in price = -0.1453 or -14.53%
If interest rate falls by 2%
Laurel Inc:
Percentage change in price = 0.06874 or 6.874%
Hardy Corp:
Percentage change in price = 0.1839 or 18.39%
Explanation:
Lets assume that both the bonds have a face value of $1000 and an initial coupon rate and interest rate of 9%. As the bonds are priced at par initially, this means that the interest rate or YTM is also 9%
If interest rates rises by 2%
We will first calculate the price of both the bonds then calculate the percentage change in prices.
To calculate the price of the bond today, we will use the formula for the price of the bond. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
When interest rates rise by 2%.
Laurel Inc
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 4 * 2 = 8
New interest rate = 9% + 2% = 11%
New interest rate or YTM (semi annual) = 0.11 * 6/12 = 0.055 or 5.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.055)^-8) / 0.055] + 1000 / (1+0.055)^8
Bond Price = $936.6543 rounded off to $936.65
Percentage change in price = (936.65 - 1000) / 1000 = -0.0633 or -6.33%
Hardy Corp
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 15 * 2 = 30
New interest rate = 9% + 2% = 11%
New interest rate or YTM (semi annual) = 0.11 * 6/12 = 0.055 or 5.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.055)^-30) / 0.055] + 1000 / (1+0.055)^30
Bond Price = $854.6625 rounded off to $854.66
Percentage change in price = (854.66 - 1000) / 1000 = -0.1453 or -14.53%
When interest rate falls by 2%
Laurel Inc
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 4 * 2 = 8
New interest rate = 9% - 2% = 7%
New interest rate or YTM (semi annual) = 0.07 * 6/12 = 0.035 or 3.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.035)^-8) / 0.035] + 1000 / (1+0.035)^8
Bond Price = $1068.7395 rounded off to $1068.74
Percentage change in price = (1068.74 - 1000) / 1000 = 0.06874or 6.874%
Hardy Corp
Coupon Payment (C) = 1000 * 0.09 * 6/12 = 45
Total periods (n) = 15 * 2 = 30
New interest rate = 9% - 2% = 7%
New interest rate or YTM (semi annual) = 0.07 * 6/12 = 0.035 or 3.5%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45 * [( 1 - (1+0.035)^-30) / 0.035] + 1000 / (1+0.035)^30
Bond Price = $1183.9204 rounded off to $1183.92
Percentage change in price = (1183.92 - 1000) / 1000 = 0.1839 or 18.39%
If one person's consumption of a good does not preclude another's consumption, the good is said to be: A. nonrival in consumption. B. rival in consumption. C. nonexcludable. D. excludable.
Answer:
The answer is "Option A".
Explanation:
All the commercial goods are generally competition. Non-rival products might well be purchased by one user, by comparison, while preventing concurrent usage by the others. Most – anti goods instances are abstract. TV is itself a good rival, yet Television broadcasts become non-rival goods.
It mentioned the rival product is also something that only a single consumer can acquire or ingest. Alternatively, a good that different individuals can use or own is said to have been inconsistent.
Under FICA only, cash tips of more than $100 in a month are defined as taxable wages.
a. True
b. False
Answer:
Option b: False
Explanation:
FICA is simply known as Federal Insurance Contributions Act. It is the act under which this tax is also deducted from the paycheck.The FICA tax rates and taxable wage bases are exactly the same for employees and employers.
Government uses FICA tax to provide
an income check to people at retirement age,health care, another service and others. It it a body that has its own rules, regulations and default in any of them may lead to penalty.