The agreement that will help to settle issues between the remaining partners in the event of the death of a partner, the partnership should have a buy-sell agreement in place.
We need to first know what a buy-sell agreement is.
What is a buy-sell agreement?The buy-sell agreement is a document that stipulates what a partner wants to be done to his share of the business in the event of death.
This agreement is important because it will help to prevent disagreement in the eventuality of death. Therefore, the correct agreement that the partnership should have is a buy-sell agreement.Learn more about buy-sell agreement here:
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The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.
Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.
In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.
The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.
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Tim purchased a DVD player and speaker system for his home. The total cost of his purchase was $587. 33. Using the stores credit plan, he made a $147. 00 down payment. What amount did he finance?.
The amount Tim financed with the store's credit plan is $440.33.
Data and Calculations:
Cost of DVD player and system system = $587.33
Down payment = $147.00
Amount financed with store's credit plan = $440.33 ($587.33 - $147.00)
The store's credit plan enabled Tim to purchase the items without making full payment immediately.
Thus, after making the down payment of $147, Tim financed the balance of $440.33 with the store's credit plan.
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MaryAnn has just opened a new food-truck business selling homemade crepes. She is confident in the quality of her product and she must now decide on the right price. Should she attract new customers through lower prices or highlight the quality of her products through higher prices
The questions that Maryann is having defines her price objective of the price setting process.
Mary is at the stage where she has to set the prices for her product. In order to do this she has to think about her intended market and also think of her cost of production.
Some of the pricing objectives that she has to think about here are:
The price that her competitors have set in the marketHer profitPrice stabilityHow to achieve market shareComplete question:
MaryAnn has just opened a new food-truck business selling homemade crepes. She is confident in the quality of her product and she must now decide on the right price. Should she attract new customers through lower prices or highlight the quality of her products through higher prices? These questions represent which step of the price-setting process?
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What is the marketing objective for the introduction stage of the product life cycle?.
The marketing objective for the introduction stage of the product life cycle is to create consumer awareness and encourage the first purchase of the new product.
The product life cycle can be understood as the phases that a product goes through from its introduction on the market, until the product is withdrawn from the market.
There are four stages in the product life cycle, they are:
IntroductionGrowthMaturityDeclineTherefore, the introduction is the first stage of the product lifecycle, in this phase marketing will focus on stimulating the experimentation of the new product available for sale, through advertising and promotion.
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Heidi, the found of Camp Bow Wow, started a franchise instead of only having one location in part because: _____________
a. It allowed her to work at realizing her vision and building the brand rather than the day-to-day operations of the business.
b. She had experience in founding other franchises, but her real dream was to build a business around animals.
c. She had her fill of corporate life and wanted to try building her own company.
d. She needed to recover the money she had wasted from the settlement in her late husband's plane crash lawsuit.
With the franchise of her Camp Bow Wow, a. It allowed her to work at realizing her vision and building the brand rather than the day-to-day operations of the business.
Heidi did not choose the franchise option because she had experience in founding other franchises, had her fill with corporate life, or needed to recover money wasted on the settlement of her late husband's plane crash lawsuit.
Thus, with her passion for the dog daycare business, she used the franchise option to duplicate and replicate the original business concept., thereby realizing her vision and building the Camp Bow Wow brand.
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Consumers who read, hear, or see the message sent by a source during the marketing communication process are referred to as receivers. encoders. decoders. the target market. sources.
In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.
In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise
The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.
In conclusion, the consumers are called the receivers in a marketing communication process.
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Which parts of the federal government played a major role in stabilizing the economy after the 2008 economic crisis
The parts of the federal government that played a major role in stabilizing the nation after the Great Recession were:
The President Congress The FedPresident Obama instituted several Executive Orders aimed at helping the economy and also proposed laws to Congress as well that would help the economy.
Congress passed several laws that increased federal government intervention and made the financial system more secure to help the nation stabilize after 2008.
The Federal Reserve engaged in an aggressive expansionary monetary policy that saw more money pumped into the economy such that the economy was able to rebound.
In conclusion, several federal bodies did what they could to help the nation stabilize after the Great Recession.
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an assessment of costs and benefits inevitably involves
The company makes these predictions by finding patterns and relationships in large amounts of data by using machine learning algorithms called __________.
Answer:
Neural networks
Explanation:
The company makes these predictions by finding patterns and relationships in large amounts of data by using machine learning algorithms called neural networks.
For a single-price monopoly, marginal revenue is ________ when demand is elastic and is ________ 20) when demand is inelastic.
According to macroeconomic theory, for a single-price monopoly, marginal revenue is positive when demand is elastic and is negative when demand is inelastic.
When the demand is elastic, reducing the price and selling more units results in total revenue increasing.
Therefore, to make this valid, Marginal Revenue must be greater than 0.
On the other hand, when demand is inelastic, reducing the price and selling more units decreases total revenue.
Thereby, to make this valid, Marginal revenue must be less than 0.
Hence, in this case, it is concluded that the correct answer is positive and negative, respectively.
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Which of the following explains how the growth of a market-based economy in the united states in the early 1800s most directly influenced changes in gender roles?.
The growth of an economy in the early 19th century influenced American society by causing changes in gender roles. Women dedicated themselves to the home and men to work outside the home.
The market economy is an economic concept that refers to the economic system in which the free market and private property are the fundamental parts of the trade.
The market economy is related to the capitalist system that took hold since the 19th century. At that time, factories and service companies needed more qualified labor, so men needed to leave their homes to work for companies.
On the other hand, due to the roles historically assigned to women, they could not access education and were therefore not qualified to obtain work in companies. Additionally, they had to stay at home and dedicate themselves to housework because the man was the one who brought the money to the house.
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How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,290 b. $22,800 c. $57,000 d. $75,000.
Answer:
C
Explanation:
If your maximum permissible recurrent debt was $57,000, and you used the 28/36 ratio. thus option (C) is correct
What is debt?Debt can be defined simply as the amount owed by the borrower to the lender. A debt is a quantity of money borrowed for a set period of time and must be repaid together with interest. The amount as well as the approval of the debt are determined by the borrower's
creditworthiness. Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money, or other agreed-upon value. Debt is a delayed payment, or series of payments, as opposed to an immediate purchase. A sovereign state or country, a local government, a firm, or an individual may owe the obligation. Commercial debt is typically subject to contractual provisions governing the amount and timing of principal and interest repayments.
Therefore, thus option (C) is correct
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A major goal of the Social Security Act of 1935 was to provide WHICH of the following guaranteed?
A. Medicare
B. Education
C. Income
D. Automobile Care
Using ________, measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collecteD)
Considering the measurements described above, it is believed that using "innovation accounting" measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collected.
This is based on the idea made by AI Ries, a renowned marketer who claimed that innovation accounting is a form of evaluation theory that is used to evaluate the difference made to the product and see if this difference is bringing the expected outcomes.
Innovation accounting is used to see beyond the conventional measures such as sales, profits, and return on investment.
Instead, it helps the business owners to examine assumptions about the business, like, sign-ups, and retention rates, etc.
Hence, in this case, it is concluded that the correct answer is "innovation accounting."
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Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a
Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.
Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.
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the starting point for preparing the operating activities section using the indirect method is ______.
Organizations often have different operations. The starting point for preparing the operating activities section using the indirect method is Net income.
Net income is simply known to be the gross profit and removing all other expenses, costs and any other income and revenue sources that are not included in gross income.
A lot of other costs is often removed from gross to make it be at net income. They include interest on debt, taxes, and operating expenses or overhead costs.
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Cashews, Inc. issued $100,000, 6% bonds at face value on January 1. The bonds pay interest semiannually on June 30 and December 31. For the year ended December 31, the amount of interest paid equals ______ and is reported on the statement of cash flows as a(n) ______ activity. Multiple choice question.
a web retailer has received several negative social media reviews over the past few weeks due to missed shipments of product. which reason for why control is needed does this best demonstrate?
This situation shows that control is needed to discover irregularities and errors.
We can arrive at this answer because:
A well-established control that evaluates the functioning of a business is essential for the success of an enterprise.That's because the control allows all defective elements of any sector of the company, which may be presenting errors and irregularities, to be quickly detected.This allows these defects to be resolved and eliminated quickly, ensuring a smooth running of the project and high quality of service.In this case, we can say that a good control system could have identified the problems with the shipments and solved the problem before the customers were dissatisfied.
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What hootsuite analytics feature allows you to share an unlimited amount of customizable social analytics data, to surface the performance of your organization’s social accounts to key stakeholders?.
The Reports feature of hootsuite analytics allows one to share an unlimited amount of customizable social analytics data.
The Hootsuite Analytics is to used to measure the performance of someone's social media activity across multiple social networks.
The reports feature of hootsuite analytics allows one to share an unlimited amount of customizable social analytics dataThe reports feature of hootsuite analytics helps to surface the performance of your organization’s social accounts to key stakeholders.
Hence, the Report features is the answer.
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When firms set a single price for all customers, regardless of how much they buy or under what conditions they make their purchase, the firm is operating under a
Answer:
one-price policy
Explanation:
the grand strategy of isolationism is interlinked with notions of _____, which promotes the construction of political and economic barriers between domestic and international factors.
The grand strategy of isolationism is interlinked with notions of protectionism, which promotes political and economic barriers.
Isolationism was a political policy that was undertaken by the United States of America. This caused them to be uninvolved in international affairs especially in Europe and in Asia.
Protectionism is a form of isolationism. It is aimed at protecting the home or the domestic country from foreign competition through the use of quotas, tariffs etc.
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When an insurance company needs to provide a payout, the money is removed from the consumer’s income. a bank loan. a pool of funds. the consumer’s account.
Answer:
a
Explanation:
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When an insurance company needs to provide a payout, the money is removed from the consumer's income is a bank loan. The correct option is a.
What is a money?Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.
The piece of paper labeled 1 dollar, 10 euros, 100 yuan, or 1,000 yen is little different, as paper, from a piece of the same size torn from a newspaper or magazine, yet it will enable its bearer to command some measure of food, drink, clothing, and the remaining goods of life while the other is fit only to light the fire.
The subject of money has fascinated people from the time of Aristotle to the present day.
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What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?.
Answer:
gross profit
Explanation:
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_____ is the amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes.
The amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes is: Profit.
Profit can be defined as the amount of money earned after deducting all expenses.
A business or organization objective is to generate profit, therefore any amount a company earned from the sales of goods and service after deducting all expenses all after deducting all the production cost is called profit.
In another word profit is the revenue generated after paying out all costs such as:
Interest costsTaxesLabor costsMaterial costs etcInconclusion the amount of money remaining from a firm's sales revenue after it deducts production costs, interest costs, and taxes is: Profit.
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The percentage of total industry output accounted for by the largest firms in an industry is called the:
Answer:
A B
A concentration ratio is used to measure... market dominance
Percentage of total industry output accounted for by the largest firms in the industry is termed... the concentration ratio
The sum of the squared market shares of each firm in an industry is termed ... the Herfindahl-Herschman Index
Explanation:
bank of america’s provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. this document also states the bank’s other revenues and expenses for the time period.
The information such as interest expense, the interest that the bank paid depositors, interest income, etc illustrates the income statement
Income statement simply means a financial statement that shows the income and the expenditure of a company.
An income statement is also vital as it shows a business how profitable it was for a particular period. The information provided by the bank such as its interest expense, or the interest the bank paid depositors shows the income statement.
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Custom Quilters makes decorative comforters, quilted garments, and other products in a small sewing factory. The company expects to make 2,000 comforters during the current year. With respect to the comforters, how would the hourly wages of sewing machine operators be classified
Based on the comforters, the hourly wages of sewing machine operators would be classified as:
Direct and VariableAccording to the given question, we are asked to classify the hourly wages of sewing machine operators based on the decorative comforters.
As a result of this, we can see that because the company has a fixed number of comforters it wants to produce during the current year, then the hourly wages of the operators of the sewing machine can be classified as direct and variable.
Therefore, the correct answer is Direct and Variable
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What is created when light is blocked by an opaque object?
Answer:
Light travels in straight lines. When light is blocked by an opaque object, a dark shadow is formed.
Explanation:
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The difference between actual overhead costs incurred and the budgeted (flexible) total overhead at actual units produced is the:
Answer:
The difference between actual overhead costs and overhead costs applied to work done, based on standard hours allowed. ... Both standards and budgets are predetermined costs. The primary difference is that a standard is a unit amount, whereas a budget is a total amount.
Explanation:
The difference between the amount of overhead applied throughout the manufacturing process and the actual amount of overhead expenses incurred during the period is known as an overhead cost variation.
So the answer is overhead cost variance.
About overhead cost variance:
As most businesses employ perpetual inventory systems, their inventory costs must be updated in real time.
This means that management cannot wait until the end of the quarter to total all overhead costs and assign them to each task.
Instead, management should forecast future overhead expenses and distribute them throughout the manufacturing process.
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All of the brands that Miguel can easily call to mind for laundry detergents, whether he would consider buying them or not, comprise his ______ set. Multiple choice question. retrieval predetermined universal evoked
The ability of Miguel to recall those brands of detergent is known as Retrieval set in marketing.
In marketing, the term "Retrieval set refers to series of brands that a consumer can recall from their memory whether they are making purchase or not".
Here, Miguel can easily call to his mind different brand of laundry detergents whether he is considering buying them or not.
The ability to recall those brands is known as Retrieval set in marketing.
Therefore, the Option A is correct.
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