An item's target market significantly impacts its price. Factors like the target market's affordability, demand, competition, and perceived value all play a role in determining the item's price
Explanation:An item's target market heavily influences its price due to various factors such as affordability, demand, competition, and perceived value. For instance, if a product is targeting a wealthier market segment, companies might opt to set higher prices to portray a sense of quality or luxury. On the other hand, if the target market is budget-conscious consumers, the price will be set competitively to attract these consumers and generate volume.
Furthermore, if a product is specially oriented toward a specific target market with very few alternatives available, the price might be set higher due to low competition. This can be seen in niche industries or with highly specialized technology. Overall, understanding the target market is crucial in setting an item's price point that aligns with consumers' expectations and willingness to pay.
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What could be a good option available to you if you are behind on loan payments?
Answer:
The financial institution might offer the person to pay a little amount now and pay the remaining amount after the next pay day.
Explanation:
Loan amount is the amount which could have a effect on the aggregate amount the person eventually pay on the loan.
In short, the loan payment comprise of the interest payment, which is considered as an expense. The principal payment, that reduces principal balance of the loan.
The best option which is available for the person who is behind the loan payments that the financial institution may offer the person to pay a little amount of the loan and the remaining amount to pay after the next pay day.
When behind on loan payments, contact your lender to discuss possible payment plans or modifications. You can also seek advice from a credit counselor. In extreme situations, debt consolidation or bankruptcy might be considered.
Explanation:If you find yourself behind on loan payments, there are several options available to you. The first step should be to contact your lender. Many lenders have hardship programs in place and are willing to work with borrowers who are experiencing financial difficulties, and can provide payment plans, loan modifications, or even temporarily reduced payments. Secondly, consider seeking guidance from a credit counselor. They can provide strategies and resources to help manage your debt. Lastly, as a last resort, you could consider debt consolidation or bankruptcy – both severe measures with long-term consequences, but may provide temporary relief.
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The Hahns have a right to exercise their religion. Does this right transfer to any corporations they own?
Answer:
In law, a corporation is regarded as an individual person but this does not give a corporation the the right of religion as it is not a natural person.
A corporation in its internal culture may however promote a religion in a non oppressive and a non intimidating way but cannot force anyone to adhere to a certain religion.
Explanation:
Final answer:
The Supreme Court ruled that closely held for-profit corporations can exercise religious rights under the Religious Freedom Restoration Act of 1993, allowing them to be exempt from ACA's contraceptive mandate due to their owners' religious beliefs.
Explanation:
The Supreme Court has indeed recognized the ability of corporations to exercise religion under certain circumstances. In the landmark case of Burwell v. Hobby Lobby Stores, Inc., the Court held that closely held, for-profit corporations have free exercise rights under the Religious Freedom Restoration Act of 1993. This decision came about because the contraception mandate in the Affordable Care Act (ACA) was found to impose a substantial burden on the exercise of religion by the corporations' owners, who have sincere religious objections to providing certain types of contraception in healthcare plans. The Court determined that there were less restrictive means of achieving the government's goals, such as a Department of Health and Human Services' exemption originally intended for non-profit religious organizations, which they extended to apply to for-profit entities like Hobby Lobby.
Additionally, it's important to note that the decision is specific to the contraceptive mandate and does not necessarily imply that all religious objections to the ACA would be upheld. It highlights that the rights of corporate owners to exercise their religion through their business enterprises can sometimes be protected against government mandates that conflict with their religious beliefs.
Match the academic requirements with the careers :
Tech program
Bachelors degree
High school diploma
CHOICES:
equal opportunity officer
Court reporter
Security officer
Answer:
a. Equal opportunity officer-Bachelors degree
b. Court reporter- Tech program
c. Security officer-High school diploma
Explanation:
a. Equal opportunity officer
An equal opportunity officer have the responsibility of formulating and ensuring policies that are not discriminatory and are in line with the best practice at the workplace. As the name suggests, they basically use policies that offer equal opportunity to all individuals without discrimination based on age, sex, religion and race. The following are typical duties and responsibilities of an equal opportunity officer;
1. They support and maintain legislation against workplace discrimination.
2. Offer advice to staff regarding equal opportunity practice at the workplace.
3. They work with other organizations that are also involved in equal opportunities.
4. They make sure that when there is a promotional opportunity, it is handled fairly.
5. Training courses regarding equal opportunities are designed and led by equal opportunity officers.
The minimum academic qualifications for becoming and equal opportunity officer is a Bachelors degree.
b. Court reporter
Court reporters are charged with the responsibility of transcribing oral information during a court session. They are also known as stenographers or steno-type operators. Some court reporters also offer real-time video-captioning for television proceedings. The y have the following duties;
1. Upon the judge's request, the court reporter can play back a portion or all of the proceedings.
2. Make written transcripts during court events
3. They can also request speakers to repeat inaudible speech or statements
4. Once the transcripts are written they also review them for typing errors.
Court reporting is a hands on career that needs a lot of training in typing and listening. The academic qualifications usually considered here is a Tech program where aspiring candidates are trained on how to be an effective court reporter.
c. Security officer
A security officer are trained officers whose main duty is in the protection of lives and property. They do this through strategies such as patrolling, monitoring and reporting. Security officers have to be vigilant and of high sense of integrity. Security officers have the following duties and responsibilities;
1. Monitoring to ensure that everything and everyone is safe.
2. Sounding alarms to alert others.
3. Reporting to higher authorities to prevent damages and losses.
4. Ensures security in building premises by patrolling the premises.
A security officer is an entry-level career that mostly requires a high school diploma.
The academic requirements match with careers as follows: Tech programs are mostly suited for Security Officers, Bachelors degrees are required for Equal Opportunity Officers, and a High School Diploma is primarily needed for a position as a Court Reporter.
Explanation:When matching the academic requirements with careers:
Tech program mostly aligns with a career as a Security officer, as this position often requires technical knowledge in surveillance systems and security protocols. A Bachelors degree is commonly required for an Equal opportunity officer as they often need a comprehensive understanding of laws, regulations, and policies related to equality and diversity, which is typically learned in a 4-year college program. A High school diploma is primarily required to become a Court reporter, as this position often provides on-the-job training and may not necessarily require post-secondary education. Learn more about Career paths and education here:
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Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a big tax refund at the end of the year but is always struggling to cover his monthly expenses. In what way can Dave address his problem?
A.
maintain withholding to maintain his monthly income after taxes
B.
increase withholding to decrease his monthly income after taxes
C.
reduce withholding to increase his monthly income after taxes
D.
reduce his expenses to increase his monthly income after taxes
E.
increase his sources of income to show a rise in his income after taxes
Dave should reduce his withholding to increase his monthly income after taxes. This can be done by adjusting his W-4 form to have less tax withheld from each paycheck. This can help Dave to cover his monthly expenses more comfortably.
Explanation:Dave is in a situation where he gets a big tax refund at the end of each year, but struggles with his monthly expenses. This could indicate that his withholding is set too high, meaning more of his paycheck is being taken out for taxes than necessary. The best solution to this problem would be option C: reduce withholding to increase his monthly income after taxes. By adjusting his W-4 form with his employer to reduce the amount of tax withheld from each paycheck, Dave can get more of his earnings on a monthly basis instead of waiting until the end of the year for a large refund. This would increase his monthly income and help with covering his monthly expenses.
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What is user data?
User data is a way of organizing
information so that users can figure
out which sites will be most
interesting to them.
User data is information that
provides substantial insight into an
individual's offline activity.
User data is information that is
created about a particular individual.
All of the above
Answer:
What is user data?
User data is information that is created about a particular individual.
Explanation:
User data has to do with an individual information created or gathered for a person which is peculiar to such individual. User data ensures other people's information are not part of the information gathered there. It is strictly personal.
Jarrod has gotten a job as a cashier at a retail store. He notices the fitting rooms are messy, so he cleans them and puts the clothes away when he is not busy. Even though this is not part of his job description and his manager did not ask him to clean the fitting rooms, this is an example of Jarrod demonstrating which of the following?
Answer:
Jarrod is demonstrating initiative.
Explanation:
Initiative is to take a lead in an activity without being told, you research better ways to do things and implement them without being reminded. Taking initiative at times involves doing something that is not necessarily your duty but you do it anyway. Most employees that show initiative always gain trust of their superiors since they feel like you don't need to be supervised to do your job. Taking initiative also exposes one to numerous opportunities. In modern times, organizations have a need for employees who can take initiative and think on their feet by finding solutions to problems without necessarily being coerced into taking action. Initiative is an important skill that can be developed. The following examples are ways on developing initiative;
1. Develop a career plan
2. Gain some confidence in your self
3. Self assess to work on your weaknesses
4. Develop the skill of spotting opportunities for growth
Final answer:
Jarrod demonstrates initiative and a strong work ethic by cleaning and organizing the fitting rooms, going beyond his cashier role to improve the store environment and customer experience.
Explanation:
When Jarrod, a cashier at a retail store, takes it upon himself to clean the fitting rooms and organize the clothes without being asked by his manager, he is demonstrating a strong work ethic and initiative. This type of behavior illustrates his ability to go beyond his job description and contribute to the overall tidiness and efficiency of the store environment. It is an example of an employee taking ownership of his workplace and seeking to improve the customer experience by ensuring the store is presentable. Additionally, Jarrod's actions could be seen as him creating a more pleasant and welcoming space for both customers and colleagues, thereby potentially driving more sales and enhancing the store's reputation.
The principle which state that accounting information is based on actual cost is called the
Answer: Its called the Historical Cost Concept
Explanation: The accountant must adhere to certain principles in the course of his/her daily business activities and the historical cost concept/principle is one of these. The historical cost principle states that an asset is recognized in the books of account according to its original cost as at the time of acquisition. In other words, an accountant determines the value of an asset by referring to its cost when it was acquired/purchased, and NOT by the value of the returns which are expected to be gained from the use of the asset.
As an example, if a piece of equipment was acquired at a cost of $250,000 and in the course of the next few years was able to yield as much as $1m in returns, the accounting records would still show the asset as worth $250,000, which was the original cost (actual cost).
Witch is true about stock
A)a stock is a type of savings account that pays interest based on current interest rate in the money market.
B)a stock is shared of ownership in a company.
C)a stoke is type of debit investment acts like loan.
D)a stock is a type of investment that invests in a mix of different types of investment
Answer:
a stock is share of ownership in a company.
Explanation:
A stock represents the smallest unit of ownership in a company. It is also known as equity or share. A stock is acquired through purchasing in the stock market , through capital contribution at the formation stage. The owners of stock are called shareholders or stakeholders.
Shareholders are the owners of a company. They are entitled to share in the business profits. Shareholder participates in the management of the business by electing the board of directors who, in turn, appoint the management team.
Definition: The total value of all the goods and services produced within a country in a given year
Answer:
Gross Domestic Product or GDP in some countries.
Consumption occurs when income is exchanged for goods or services
income tax is greater than income
disposable income is spent on consumer goods and services
taxes are paid to state and federal governments
Answer: the anwser is c
disposable income is spent on consumer goods and services.
Explanation:
Demand for movie rentals is highly elastic. What will happen if a video store raises the price of a rental?
It could possibly gain or lose revenue.
It would see no change in revenue.
It will lose revenue
It will gain revenue.
Answer:
It will lose revenue
Explanation:
An elastic demand (which are found in goods or services that have substitutes) moves proportionally to price changes.
It means that, if the price of the good rise, then the demand will diminish. The opposite works the same, if the price reduces, then the demand will grow.
On the other hand, elasticity refers to the impact of the prices on the demand of the goods and there are key factors that influence this relation:
Necessity of the good (or product) The existence of substitutes goods or alternatives to those goods TimeAnswer: It will lose revenue.
Explanation: Elasticity of demand basically measures the degree of responsiveness of the quantity demanded to a slight change in the price of the commodity/service. Imagine holding an elastic band on one hand and tugging at it with other hand. It will respond to your pull (by stretching), but the length to which it can stretch is it's elasticity. It might be significant or it might be very unnoticeable.
Hence if the demand for movie rentals is described as "highly elastic" it simply means the consumers' response to a slight change in price (either increase or decrease) would be significant. Therefore if a video store raises the price of a rental under the given circumstances, it will lose revenue for sure.
This follows the law of demand that states clearly, "...all things being equal, the higher the price of a commodity/service,the lower the quantity demanded for that commodity/service and, the lower the price of a commodity/service the higher the quantity demanded for that commodity/service." This is a certainty as far as the commodity is classified as a normal good.
Question 9 (5 points)
When you're evaluating the risk of starting a new business, which risk is likely to be
worth it?
A) Losing your quality of life
B) Losing your home
C) Losing time, energy, and money
D) Losing your loved ones
It would depend from person to person but
A) Losing your quality of life
Explanation:
Quality of life is never permanent for people. In the time of starting a new business one can expect to risk their quality of life but it can be seen as a risky investment to increase or enhance the quality of life one has eventually.
A way to see it would be about how quickly one can recover from the losses they incur. A loss of a home is quite permanent and is hard to recover, same with other options. one can fix their lifestyle with money and free time which they can have once the business goes well.
The beginning balance of retained earnings was $2500. The difference paid to stockholders was $1500. The ending balance of retained earnings is $5000. what was the net income or net loss for the period
a. net loss of $3,500
B. Net income of $4000
C. Net loss of $4,500
D. Net income of $3000
Answer:
B. Net income of $4000
Explanation:
Opening balance + net income- difference paid= retained earnings
OB + NI -Payments = retrained earnings
$2500 + NI - $1500= $5000
$2500 + NI = $5000 + $1500
$2500 + NI = $6500
NI= $6500- $2500
Net income = $4000
On January 1, 2022, the Sheridan Company ledger shows Equipment $49,700 and Accumulated Depreciation $18,280. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $4,000. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value.Compute the revised annual depreciation.
Answer:
revised annual depreciation will be : 13710
Explanation:
After revision the remaining life of equipment shrank down to 2 years, so the depreciation working will be worked out to adjusted the impact of decreasing of useful life.
As per existing information the depreciation charges are calculated as :
(Cost-Salvage Value)/Useful life= (49700-4000)/10 = 4570
Accumulated Depreciation indicates that 4 years have past by (18280/4570)
now remaining years are 6 which will be reduced to 2 after revision so the new working will be as follows:
Remaining Cost :31420 (49700 -18280)
Salvage Value : 4000
Revised Remaining Useful Life : 2
Revised Calculated Depreciation Annual : (31420-4000)/2 = 13710
It can be further verified through simple math also:
Adding annual depreciation of remaining 2 years : 13710 +13710 =27420
Value available for depreciation after salvage value : 31420 -4000= 27420
The revised annual depreciation for Sheridan Company will be $13,710.
What is the depreciation charges?= (Cost - Salvage Value) / Useful life
= ($49700 - $4000)/10
= $4570
The Accumulated Depreciation indicates that 4 years have past by (18280/4570)
Now, the remaining 6 years will be reduced to 2 after revision.
Now workingRemaining Cost = ($49700 - $18280)
Remaining Cost = $31420
Salvage Value = 4000
Revised Remaining Useful Life = 2
What is the Revised Calculated Depreciation Annual?= ($31420 - $4000) / 2
= $13,710
Therefore, the revised annual depreciation for Sheridan Company will be $13,710.
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Which of the following is a concern with a communist system
A concern with a communist system is the lack of individual freedom and the restriction of personal rights due to government control. There is also a lack of incentive for innovation and hard work.
Explanation:A concern with a communist system is the lack of individual freedom and the restriction of personal rights. In a communist system, the government has control over all aspects of the economy and society, which can lead to limited personal choices and opportunities.
Additionally, there is often a lack of incentive for innovation and hard work, as the rewards and benefits are shared equally among all members of society.
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What does a company's customer service department do?
A Promote the company to new groups of potential customers.
B. Interact with customers after they have purchased the product.
C. Receive payments from customers and handle the company's money.
Handle employee-related procedures
Please select the best answer from the choices provided
Oo oo
Answer:
B. Interact with customers after they have purchased the product.
Explanation:
It is the duty of the Customer services department to cater to the all customer feedbacks and requirements.
The retention of the customers and attracting new customers depends on the quality of the service provided by the customer handling.
Mark Price, the new productions manager for Speakers and Company, needs to find out which variable most affects the demand for
their line of stereo speakers. He is uncertain whether the unit price of the product or the effects of increased marketing are the main
drivers in sales and wants to use regression analysis to figure out which factor drives more demand for its particular market. Pertinent
information was collected by an extensive marketing project that lasted over the past 12 years and was reduced to the data that follow.
YEAR
PRICE S/UNIT
283
209
213
220
209
MONO
UNIT SALES
(THOUSANDS)
398
698
898
1,384
1,163
1,195
898
1,200
982
1,235
875
811
ADVERTISING
($880)
621
821
1,200
1,405
1,210
1,384
875
1,200
691
875
691
691
209
aces
220
209
230
213
216
243
a. Perform a regression analysis based on these data using Excel. (Negative values should be indicated by a minus sign. Round your
answers to 4 decimal places.)
y bar =
+
Price
+
advertising
Use regression analysis in Excel to find the variable that most affects demand. Fill in data for 'Unit Sales', 'Price S/Unit', and 'Advertising', then run the regression with 'Unit Sales' as the dependent variable and the other two as independents. The variable with larger absolute coefficient most affects the demand.
Explanation:To answer this question, we will use regression analysis, a statistical method which will allow us to determine which variables have significant relationships with the dependent variable - in this case, unit sales. The independent variables will be the unit price and advertising.
In Excel, we use the 'Data analysis' tool to perform regression analysis. First, label the columns as 'Unit Sales', 'Price S/Unit', and 'Advertising.' Fill these columns with the corresponding data. Then, go to DATA > Analysis > Regression. Choose 'Unit Sales' as the dependent (Y) job and 'Price S/Unit' and 'Advertising' as independent (X) variables.
The 'Regression' window will provide a summary output which shows the regression statistics, ANOVA table, and coefficients of the independent variables. Check the coefficient table for the significance (P-value). A P-value less than 0.05 would suggest a significant effect.
The coefficient selector bonus with the greatest absolute value has the most influence on the dependent variable. Hence, according to the generated result, the variable with the larger absolute coefficient is the one that most affects the demand.
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A management trainee rotates through four of her company's six divisions in a year. Her rotation is determined by random selection : She spends the first quarter of the year at the first division selected , the second quarter at the second division selected , and so forth
The Mangement trainee is undergoing Job Rotation
Explanation:
Job Rotation is the process of Randomly selecting people and exposing them to the various departments of the organization.This technique is adopted by various companies to deal with issues like job stagnation, Job Frustration,Randomness issues,High employee turnover rate .This technique is also helpful to the organization as it helps in creation of a Talent base with Multi-Tasking Ability