The respected MIT Professor who had a simple 5-word rule for his classroom and who advised that companies should follow is Patrick Winston.
Patrick Winston was a respected MIT Professor who had a simple 5-word rule for his classroom. He knew how to speak and get others to listen.
He taught at MIT for fifty years and knew how to captivate his audience. Winston's rule of engagement is an example of emotional intelligence in real life. It's the ability to make emotions work for you.
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Describe how has Manchester United implemented each element of the marketing mix?
Do you think Manchester United has been successful in integrating those components? Why or why not?
How has the marketing mix helped Manchester United in branding their franchise?
The marketing mix at Manchester United was positive and further helped the team create value for consumers and increase their positioning and profitability.
Pricing in Manchester United's marketing mix is premium, which has contributed to the team's image of being one of the most valued today, with loyal fans willing to pay a higher amount to purchase the team's products and services.
Manchester United's product is the team, which sells football shirts all over the world, in addition to having its own television channel where it sells its broadcast to other channels and a product marketing website. There are also ticket sales, partnerships with large companies, etc.
The promotion is carried out through the recognition of Manchester United around the world as one of the most appreciated teams today, with commercial strategies focused on building value through players, who are considered idols, such as Cristiano Ronaldo and Cavani.
Therefore, Manchester United implemented the elements of the marketing mix through a strategy focused on the core product, which is the team, through advertising carried out by the players themselves to sell products associated with the team.
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Think about the life cycle (i.e., Introduction, Growth, Shakeout, Maturity and Decline) of the electric vehicle industry. What stage of the life cycle is the electric vehicle industry?
Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to
A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise
Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.
Who was Claire?Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.
As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.
Therefore Option(c) is correct.
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Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%.
Required:
1. Record the adjusting entry for estimated warranty costs at the end of 2021.
2. Record the summary entry for actual warranty expenditures in 2022, assuming all costs were paid in cash.
3. Record the adjusting entry for estimated warranty costs at the end of 2022.
4. What is the balance in Warranty Liability at the end of 2021 and 2022?
The Lindy Appliance will meet the requirements by recording the following journal entries:
Journal Entries:
1. December 31, 2021: Debit Warranty Expense $32,000
Credit Warranty Liability $32,000
To record the warranty costs for the year.2. 2022 Debit Summary: Warranty Liability $25,000
Credit Cash $25,000
To record the actual warranty expenditures in 2022.3. December 31, 2022: Debit Warranty Expense $36,000
Credit Warranty Liability $36,000
To record the warranty costs for the year.4. The balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000.
Data and Calculations:
Warranty period for sales = 1 year
Sales Revenue in 2021 = $1,600,000
Estimated warranty costs for 2021 = $32,000 (2% of $1,600,000)
Actual warranty costs in 2022 = $25,000
Sales Revenue in 2022 = $2,400,000
Estimated warranty costs in 2022 = $36,000 (1.5% of $2,400,000)
Analysis:
1. December 31, 2021: Warranty Expense $32,000 Warranty Liability $32,000
2. 2022 Summary: Warranty Liability $25,000 Cash $25,000
3. December 31, 2022: Warranty Expense $36,000 Warranty Liability $36,000
Thus, the balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000 ($32,000 - $25,000 + $36,000).
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When applying the lower cost or market rule to the valuation of inventory, the allowance method is considered preferable to the direct method because
A. the allowance method reports a higher inventory net valuation for balance sheet purposes than the direct method
B. the allowance method reports the inventory loss or loss recover in a separate income statement account
C. the allowance method, unlike the direct method, reduces the value of inventory reported on the balance sheet
D. the allowance method reports smaller losses than the direct method
It should be noted that the allowances method is considered preferable because B. the allowance method reports the inventory loss or loss recover in a separate income statement account.
It should be noted that the most common approach when implementing the lower cost is to apply it to each individual item of inventory separately.
When applying the lower cost or market rule, the market value should not exceed the net realizable value. Also, the allowance method is more preferable than the direct method because it reports the inventory loss or loss recover in a separate income statement account.
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pancakes and waffles are:
a.complements
b.normal goods
c.substitute
d.inferior goods
Answer:
they are always compliments
Explanation:
is this based on our opinion?
Some customers are more valuable than others if they ______ the company. a. generate less revenue for b. communicate less with c. generate more revenue for d. communicate more with
Answer
communicate more with
Explanation:
If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes
Answer:
200b
100m263min taxes exchangeHow often is USPS mail typically delivered to a business?
Answer: According to USPS FAQ, The general time standard is typically 2-9 days in the 48 contiguous states. Package Services is not a guaranteed service; delivery by a certain date or time is not available.
within just a few years of its inception, uber was operating in more than 35 countries around the world. by moving into new markets early, uber hoped to capitalize on
Considering the situation described above, by moving into new markets early, uber hoped to capitalize on the "first-mover advantage."
The first-mover advantage is a term often used in the business or strategy world to describe the company's capacity to be more successful than its competitors due to being the first company to enter the market in a new product category or new location.
Thus, when Uber moves to a new market early in a new country or location where there are no platforms like Uber, it is believed that Uber hoped to capitalize on a first-mover advantage to gain customers and revenues.
Hence, in this case, it is concluded that the correct answer is "first-mover advantage."
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True or False: You should calculate your regular monthly pay based on your Gross Pay.
Answer:
False
Explanation:
The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.
A person should calculate his regular monthly pay based on his Gross Pay is the false statement.
What is Gross Pay?The gross pay means the amount of salary that the assesses earn before taxes and other deductions under the section of Income Tax.
A person should calculate his regular monthly pay based on his Gross Pay is the false statement because this amount is not equivalent to the amount
that the asses actually get when he is paid, as the deductions assesses receive less money assesses receives the amount of salary after the deductions.
Therefore, the above statement is false.
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which term refers to the mix of nations, economies, and cultures?
Answer:
globalization
Explanation: I just took this quiz
What is your idea of failure?
Answer:
Personally, failure is the inability to succeed die to the lack of effort. If full effort was given and the best someone could do was done, I don't count it a failure but a growing opportunity or a lesson. However if the lack of success was die to the lack of effort or persistance, I count it a failure. I also think success taken dishonestly or unjustly is considered a failure because rather than benefitinh someone, it is a detriment to their character.
if a tax is imposed on a market with inelastic demand and elastic supply, then:
Answer:
Buyers will bear most of the burden of the tax
Explanation:
Hope it helps
Exhibit 13-1
Bank
Increase in Checkable Deposits
New Required Reserves
New Checkable Deposits Created by Extending New Loans
A$0
$0
$1,000
B
$1,000
(A)
(B)
C
(C)
$90
(D)
D
$810
(E)
(F)
Assume that the required reserve ratio is 10%, that there are no cash leakages, and that banks hold zero excess reserves.
Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits?
a. $100,000
b. $10,000
c. $1,000
d. $1,000,000
Answer:
1,000,000"
Explanation:
state whether the item is an asset or a liability.)
i Motor Car
ii. Stock of goods
iii. Cash at bank
iv. Bank overdraft
v. The business owes a supplier for goods
vi. Loan
vii. Machinery
viii. Creditors
ix. Equipment
x. Money owing to bank
Answer:
v and i
Explanation:
A motor vehicle sold on credit to C. Kelly will require which of the following entries:
Debit Purchases, Credit C. Kelly
Debit motor vehicle, Credit C. Kelly
Debit C. Kelly, Credit purchases
Debit C. Kelly, Credit Motor vehicle
When a motor vehicle is sold to C. Kelly on credit, the relevant entries would be Debit C. Kelly, Credit Motor vehicle.
When an item is sold on credit to an entity, that entity becomes an Accounts Receivable. As this is an asset, it is debited when it increases which is the case here with C. Kelly purchasing the car on credit.
The motor vehicle account is an asset and assets are credited when they decrease. By selling the vehicle, the motor vehicle account will be credited to show that motor vehicles have decreased.
In conclusion, the accounting entry for the above scenario would be Debit C. Kelly, Credit Motor vehicle.
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identify each political scenario as promoting neoliberal economics, or not.
The examples of neoliberal economic policies include:
The privatization of state-owned infrastructure.Free markets.Reduction of government funding for social services.Neoliberal economic policies are the policies that are used in the elimination of price controls, lowering trade barriers, deregulation of the capital markets, and making use of privatization.
Therefore, examples of neoliberal economic policies are the privatization of state-owned infrastructure, free markets, and the reduction of government funding for social services.
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in 2013, the u.s. imported $2,294 billion of dollars in merchandise like computers, phones, coffee machines, and so on. in the same year, the us exported $1,593 billion of dollars in merchandise like cars, computers, phones, and so on. the difference of $702 billion dollars is known as ______________.
The balance of trade between the U.S. imports of $2,294 billion and its exports of $1,593 billion is known as the trade deficit. The amount of the trade deficit is $701 billion.
Data and Calculations:
Total imports in 2013 = $2,294 billion
Total exports in 2013 = $1,593 billion
Trade deficit = $701 billion ($2,294 - $1,593)
Thus, the trade deficit arises when the U.S. imports goods of higher dollar value than its exports to other nations in 2013.
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