Answer:
is based on offering a unique product or service that a wide range of buyers find appealing and worth paying for
Explanation:
A broad differentiation strategy is a strategy of making ones goods or services different from that of competitors in a way that would appeal to a wide range of consumers.
An example of a company that employs broad differentiation strategy is apple. Apple products are deemed to be quite different from that of its competitors
Characteristics of broad differentiation strategy
Firms that use this pricing have higher brand loyalty Firms that use this pricing have higher sales than when compared with competitorsFirms that use this pricing are able to charge a higher price for their products when compared to their competitorsDirections
Use the Internet to find an article that deals with the financial records of a business. Once you have found and read your article, record your summary and the link location using the following format in the box below. Be sure to include the URL links you used as resources in the space below. Submit your work below.
Paragraph #1 - Summary of article and link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of how the business will do in the next few months based on its financial records.
Answer:
Business Financial Record
The financial records of a business is a representation of where the money the business earns comes from and where the money is being directed as well as the current status of the money earned, (source, U.S. Securities and Exchange Commission website) Financial records includes; General accounting books, Banking records, debtor's records, creditor's records, expenses records, tax records, grant details, contract records, list of assets, employee payments, cashbook records, and stock records (Source Australian Charities and Not-for profits commission website)
How it relates to entrepreneurship
An entrepreneur, venturing into a business, where capital investments are and resources are put, revenue is collected, stocks are sold, and factors of production such as equipment are purchased, can best maintain the financial health of the business by keeping an accurate and up to date financial record, such that the cash flows are efficiently manage to obtain the right prices and interest rates from suppliers and lenders respectively (Gateway to Commercial Finance website)
Your opinion of how the business will do in the next few months based on its financial records
A business that consistently makes profits and incurs a fixed expenses is expected to grow, while a business that has limited revenue is expected to embark on novel approaches
Explanation:
A company's financial records show where the money it makes originates from, where it is going, and how much money it is making at any one time. (Source: website of the U.S. Securities and Exchange Commission).
Thus, According to the Australian Charities and Not-for-Profits Commission website, financial records include general accounting books, banking records, debtor's records.
The creditor's records, expenses records, tax records, grant details, contract records, a list of assets, employee payments, cashbook records, and stock records.
When starting a firm where resources and capital are invested, money is gathered, stocks are sold, and production factors like equipment are bought, an entrepreneur can best manage the financial health of the business.
Thus, A company's financial records show where the money it makes originates from, where it is going, and how much money it is making at any one time. (Source: website of the U.S. Securities and Exchange Commission).
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Consider that you are a salesperson for the Carpenters Motors - Range Rover dealership. A young, newly married couple enters the lot. Provide detailed explanations about the personal selling process, using this couple as your target. Consider various scenarios you may face in each of the steps.
Answer:
1.Prospecting as well as qualification: After greeting walk-in customers, the salesperson must make them feel at ease by providing a comfortable location to sit and talk, as well as a drink of tea and juice, according on the period . The pair is simply in need of a vehicle, but they are undecided on which vehicle to purchase.
2.Preparation: I understand everything there is to know regarding my products, as well as the competing goods in the category, which I carry in my selling kit. Basic information such as engine size, mileage, guarantee, technological specifications, finance alternatives, servicing terms, and comfort data are tabulated and maintained in my sales kit for quick reference.
3. Approach: I use a step-by-step approach with them. During the initial conversation, I gathered that the necessity was for a high-end automobile, and that financing was not a problem or worry for them. They're seeking for a vehicle that'll keep them safe and pleasant
what are the Business Activities ?
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
Answer:
There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.
what do u mean by book keeping why is it important?
Jawaban
Bookeeping involves the recording, on a regular basis, of a company's financial transactions. ... With proper Bookkeeping, companles are able to track all information on its books to make key operating, investing, and financing decisions. Bookkepers are individuals who manage all financial data for companies.
In order to produce it’s products, a coffee machine manufacturer relies on timely delivery from its suppliers. Although the company wants its shipment of parts delivered at one time, they typically come in multiple shipments. While it’s not that big of a deal and the coffee machine manufacturer is generally happy with the supplier, the manufacturer has found another supplier that’s willing to ship the parts at one time. . Because of this, the manufacturer has decided to switch suppliers. This is an example of how
Answer: A) meeting a customer's expectations doesn't always lead to brand loyalty.
Explanation:
It is possible to meet the expectations of a supplier and the supplier would still move on if they feel like they would get a better deal somewhere especially if the other supplier meets their expectations even better than the first supplier did.
The company in question preferred that it received its parts all at once and the supplier could not do that but they were still able to supply the goods required. They were therefore meeting expectations but not in an adequate enough manner which is why the company found someone better.
Mention any 4 criteria that a human resource manager should consider about job applicants.
The correct answer to this open question is the following.
Although there are no options attached, we can comment on the following.
The criteria that a human resource manager should consider about job applicants are the following.
1.- Technical expertise in their fields.
Candidates must show they have the experience for the position they are applying for.
2.- Accountability.
Managers should prove that candidates are responsible people and own the consequences of their decisions and actions.
3.- Commitment.
Managers have to realize that candidates are willing and able to show appreciation and commitment to the company. Their work must be a priority and should be dedicated to it.
4.- Communication.
Employees should show their communications abilities and capacity to accept criticism.
are you smart enough to do that task try it who is the first person made the light
Larry, the owner of small hotel resort, would like to advertise his hotel in major American newspapers and magazines as a part of his larger strategy. However, he doesn't have enough money to do so. One day, he meets Todd, the owner of a group of newspapers and magazines, who offers him advertising space in his publications on the condition that Larry provides him with a free stay at the hotel. This is an example of ________
Answer:
Serendipity
Explanation:
From the question we are informed about Larry, who is the owner of small hotel resort, would like to advertise his hotel in major American newspapers and magazines as a part of his larger strategy. However, he doesn't have enough money to do so. One day, he meets Todd, the owner of a group of newspapers and magazines, who offers him advertising space in his publications on the condition that Larry provides him with a free stay at the hotel. This is an example of Serendipity.
Serendipity can be regarded as unplanned fortunate discovery, which is a common occurrence that could take place throughout the history of a particular product invention as well as scientific discovery. It can be explained as the luck that comes to some people way as they are finding or creation of interesting things as well as valuable things by chance
Please help
1. What are the disadvantages of labour intensive?
Answer:
Labour intensive is when products are mainly produced by human workers.
...
Labour intensive.
Advantages Disadvantages
Less expensive machinery costs Skilled workers take time to train
Humans can use their own initiative and problem solve Skilled workers will be paid more than unskilled workers
Explanation:
HOPE IT HELPS!
Write three sentences.What is summer mainly about and what is your fav thing about summer time?
which term is used when businesses do not maximise output from given inputs ?
Answer:
Decreasing revenue
Explanation:
When the business are not able to maximise output from given inputs then they are not able to capture maximum revenue from the given inputs and hence their revenues are decreasing.
Therefore, decreasing revenue is the term used when businesses do not maximise output from given inputs
If the broker, while acting as agent in a sale of real property, misrepresents the principal's property to a buyer,
• Rescission of the sale by the buyer
• A court action for damages by the buyer
• Tort liability
Hope this helps!
Steve Hitchcock is 39 years old today and he wishes to accumulate $513,000 by his 63 rd birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 39 th through his 62 th birthdays. What annual deposit must Steve make if the fund will earn 8% interest compounded annually
Answer:
Annual deposit = $8208
Explanation:
Below is the calculation:
Future value of money, FV = $513000
Time period from 39 to 62 = 23 years
Interest rate = 8%
Annual deposit = FV (A/F, n, r)
Annual deposit = 513000 (A/F, 23, 8%)
Annual deposit = 513000 x 0.016
Annual deposit = $8208
Racing Horse Corporation reported net income for 2010 of $200,000, sales of $540,000, expenses (excluding depreciation) of $180,000, and depreciation expense of $60,000. The company's accounts receivable balance increased by $40,000 during the year and its accounts payable balance remained the same. What is the estimated change in cash for the year ?
Answer:
Estimated change in cash = $220,000
Explanation:
GIven:
Net income = $200,000
Sales = $540,000
Expenses = $180,000
Depreciation expenses = $60,000
Accounts receivable balance increased = $40,000
Find:
Estimated change in cash
Computation:
Estimated change in cash = Net income + Depreciation expense - Accounts receivable balance increased
Estimated change in cash = 200,000 + 60,000 - 40,000
Estimated change in cash = $220,000
Which of the following is true about business purchases? Business purchases are usually quicker and more informal than are consumer purchases. Business purchases involve fewer participants in decision making compared to consumer purchases. Purchasing agents are absent in business purchases. Business purchases involve more professional purchasing effort than consumer purchases. Business purchases involve less technical and economic considerations compared to consumer purchases.
Answer:
Business purchases involve more professional purchasing effort than consumer purchases.
Explanation:
A form of business purchase where the purchaser received the assets of the business without presuming the liabilities. Here the purchase price should be distributed to the business assets and the same should become the part of the business purchase agreement. Also as the name suggest it means the purchase done for the business purpose that become professional not for the personal purchase or consumer purchase
What objective can a smart budget fulfill for an individual as well as an organization?
A.
helps to map expenses and control spending
B.
helps to find new avenues for income
C.
helps to reduce the amount paid towards taxes
D.
helps to indulge in over spending
The answer is A........
please can u explain 5 types of ledgers
Answer:
1. Sales ledger
2. Purchase ledger
3. Cash ledger
4. General ledger
Answer:
What is professions in nepal
What does fixed or non current assets include?
Answer:
Equipment and properties one plans to use over a long period of time
Explanation:
Fixed asset or non - current asset are also referred to as capital assets. They include those assets of a firm which cannot be consumed or converted into cash with a year. Usually fixed assets forms part of a firms operational equipment or asset. Fixed assets include ; machineries such as powering plants and operational machines and equipments. In general, properties, plants and equipments owned by an organization or business constitutes its fixed or capital assets.
When Pat was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. Which part of the sales presentation is demonstrated in this example
Answer:
overcoming reservations
Explanation:
From the question we are informed about Pat who was talking with his customer about the new accounting system, his customer mentioned that she thought the new system was not going to fit into their budget. Pat explained that once her people were trained on it, it would require less time to process orders, and therefore save her money in payroll. The part of the sales presentation demonstrated in this case is an example of overcoming reservations.
Sales presentation can be regarded as sales pitch and it's a selling technique which can be explained as line of talk which is an attempts of persuading someone or something, using a planned sales presentation strategy of particular product/service which is been designed to initiate as well as close a sale of that particular product or service, example of this is overcoming reservations which is a method of persuading customers.
The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest are payable in full at maturity on May 1, 2022. In connection with this note, The Pita Pit should report interest expense at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
A. $0.
B. $3,960.
C. $11,880.
D. $23,760.
Answer:
$3,960
Explanation:
The Borrowed amount is $198,000 on November 1, 2021.
The interest expense at December 31, 2021 is calculated as shown below:
I=PRT
R=12%=0.12
P=$198,000
T=2 Months=(2/12) year
I=198,000*0.12*(2/12)
I=$3960
The correct option will be "B. $3,960."
Discuss the impact the hard-lockdown had on perfect markets
Answer:
As supply chains and production processes are significantly interrupted, the outbreak has been identified as a pandemic by the World Health Organization.
Explanation:
Due to the severe lockdown, supplies and work in the perfect market were lacking. It led to further operations which reduced the workload of the respective firm, thus affecting productivity.
Because of the reduction in productivity, differences occur in the perfect market, where others benefit from the situation in the disadvantaged company. But demand and supply generally decreased in the perfect market.
Powell Lighting was the first company to start selling LED light bulbs in its country—a product that gained popularity among diverse groups. Soon, other companies started to sell their own brands of LED bulbs, thereby giving Powell Lighting ample competition. In response, Powell Lighting decided to limit its LED light bulbs to outdoor models. However, it ensured that these models were the longest-lasting and lowest-priced on the market. With this innovation, Powell Lighting consistently outperformed its competitors for ten years. In this scenario, Powell Lighting maintained a ________ through its innovative strategy.
Answer: sustainable competitive advantage
Explanation:
Sustainable competitive advantages refers to the assets and the abilities of a company that are difficult for others to duplicate and thereby giving the company an edge over others.
Since Powell Lighting decided to limit its LED light bulbs to outdoor models and ensured that the models were the longest-lasting and lowest-priced on the market thereby giving it an edge over its competitors.
In this scenario, Powell Lighting maintained a sustainable competitive advantage through its innovative strategy.
EASY!! Please help!! 25 points
An entrepreneur wants to start a new business. She needs a huge amount of
capital to get started but is willing to divide the profits and control over the
company among a large group of investors. Which type of business would
best suit her needs?
A. Sole proprietorship
B. Partnership
C. Limited liability company
O D. Corporation
Answer:
Corporation
Explanation:
The type of business that would best suit the needs of the entrepreneur will be a corporation. Thus the correct answer is D.
What is an entrepreneur?An entrepreneur refers to a person who willing to start his own business based on creativity and innovation by taking a high risk to achieve some profit to improve the standard of living of people and makes life easy.
An organization whose investors choose a board of administrators to handle its functioning is called a corporation. The corporation is accountable for the business's financial and operational stability.
In this instance, when an entrepreneur wants to launch a new firm. She needs a significant amount of money to begin starting but is prepared to divide the company's revenues and control among a big number of investors considered as a corporation will be best suited to her needs.
Therefore, option D Corporation is appropriate.
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Astro Corporation was started with the issue of 4,800 shares of $9 par stock for cash on January 1, 2018. The stock was issued at a market price of $17 per share. During 2018, the company earned $72,550 in cash revenues and paid $48,609 for cash expenses. Also, a $3,400 cash dividend was paid to the stockholders. Required: Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Astro Corporation's 2018 fiscal year.
Answer:
Astro Corporation
1. Income Statement for the year ended December 31, 2018
Revenue $72,550
Expenses (48,609)
Net income $23,941
Dividend 3,400
Retained E. $20,541
2. Statement of Changes in Stockholders' Equity as of December 31, 2018
Common Stock $43,200
Additional Paid-in Capital 38,400
Retained earnings 20,541
Equity $102,141
3. Balance Sheet as of December 31, 2018
Assets:
Cash $102,141
Equity $102,141
4. Statement of Cash Flows for the year ended December 31, 2018
Operating Activities:
Net income $23,941
Investing Activities:
Financing Activities:
Issue of shares $81,600
Dividends (3,400)
Net cash $78,200
Net Cash Flows $102,141
Explanation:
a) Data and Analysis:
January 1, 2018: Cash $81,600 Common Stock $43,200 Additional Paid-in Capital $38,400
Cash $72,550 Revenue $72,550
Expenses $48,609 Cash $48,609
Dividend $3,400 Cash $3,400
By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay period. Demonstrate the required adjusting entry by completing the following sentence. The required adjusting entry would be to debit the Salaries (expense/payable) account and (debit/credit) the Salaries (expense/payable/unearned) account.
Answer:
Adjusting entry
Date Account Name and Explanation Debit Credit
Salaries Expense $650
Salaries payable $650
(To record salary expense)
Salaries Expense Dr $650
To Salaries payable $650
(Being salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities.
Therefore the above adjusting journal entry should be recorded.
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Write any four benefits of working in a positive workplace.
Answer:
1. Self-comfort
2. Get interested
3. Get interacted with others
4. Having good work.
Jerod is relatively new to Xenon Corporation and wants to make sure that he makes a good impression on his co-workers and supervisor. He agrees with the supervisor’s opinion most of the time and is always doing nice things for him. Jerod makes sure that he associates with the ‘right’ people and is constantly complimenting others about their good work.
When Jerod agrees with the supervisor’s opinion most of the time to make a good impression, he is engaging in which of the following impression management techniques?
A. apologies
B. excuses
C. acclaiming
D. conformity
E. choose one
When Jerod agrees with the supervisor’s opinion most of the time to make a good impression, he is engaging in conformity. Option D. conformity is the correct option of the given statement.
How do we define conformity?Conformity is the process through which individuals modify their attitudes, behaviors, perceptions, and/or beliefs in order to more closely align with the beliefs held by the groups to which they aspire to belong, already do, or who they seek the approval of.
Is conformity a good or bad thing?There is no inherent good or bad in conformity. Conformity may be viewed negatively when it results from fear, a desire to maintain one's social standing, or when it leads to harmful outcomes.
How does conformity impact actions?Peer pressure may cause someone to engage in unsafe or unlawful activity, such underage drinking. Alternatively, conformity could result in the bystander effect, whereby following the crowd results in failing to help those in need. Your openness to novel concepts or arguments may be constrained by a desire to fit in.
What aspects impact conformity?Group size: Larger groups have a higher propensity to adopt comparable attitudes and actions than smaller ones. Individuals are more inclined to comply with collective decisions when everyone in the group responds in unison. Status: People are more prone to follow the traditions of high-status groups.
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In December of Year 4, John (a cash-basis taxpayer) received a $2,000 payment from Tom who signed a year's lease to rent John's house. The $2,000 payment consisted of the following:
1st Month's Rent (for the month of December, Year 4) $800Last Month's Rent (for the month of December, Year 5) 800Security Deposit (to be returned at end of lease) 400
How much should John include as rental income on his Year 4 tax return as a result of the $2,000 payment?
Answer:
John should include $1,600 as rental income on his Year 4 tax return as a result of the $2,000 payment.
Explanation:
As a cash-basis taxpayer, John's taxable income is based on the actual cash receipts and payments made in the accounting period. The refundable part of the rent should not be included as rental income since it is a security deposit that would be returned at the end of the lease period. If John were an accrual-basis taxpayer, the rental income to be included would have been only $800 representing income for Year 4.
4. Analyze. What is wrong with this statement:
"Individuals were worse off in 1960 because they
didn't earn as much as individuals earn today"?
Answer:
Daadsasdjahishsbksnsbidje
All of the following are skills needed by an accountant except: O Communication O Time management O Speed O Critical Thinking
Answer:
O Speed.
Explanation:
An accountant is someone who keeps an account of the financial records of a person or a business. They are responsible for performing accounting functions such as analyzing accounts, auditing, and reporting the financial transactions of a person or a business.
Among the various skills needed to be an accountant, speed is not one of them. Communication, be it oral or written is one important aspect of the requirement while time management and critical thinking are also important aspects of an accountant.
Thus, the correct answer is the third option.
