An event that caused assets, liabilities and cash flow from financing activities to increase, but had no affect on net income could have been due to borrowing money with a two year term to maturity.
The maturity date also known as a final maturity date can be defined as the date on which a debt obligation is to be redeemed, as agreed upon contractually. Maturity date also can be described as the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal is due to be paid.
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ethiopia is a very poor country. lichtenstein is much smaller geographically and has far fewer people, but it is roughly 70 times richer in terms of per capita gdp. supposing the following statements are true, which one might explain why ethiopia is a little closer to lichtenstein in terms of standard of living than the official statistics suggest?
The statements which explain why Ethiopia is a little closer to Lichtenstein in terms of standard of living is (b) Ethiopia has more non marketed production than Lichtenstein.
The Non-marketed production is defined as the goods and services that are produced and consumed within households or communities and are not bought or sold in the market.
Ethiopia has a agrarian economy, with a large proportion of the population engaged in subsistence agriculture and home-based production.
These activities are often not captured in official economic statistics like per capita GDP, which tends to focus on market-based economic activities.
Lichtenstein is a small country with a highly developed, service-based economy that relies heavily on financial services, industry, and tourism.
These economic activities are highly monetized and captured in official statistics like per capita GDP.
Therefore, the correct option is (b).
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The given question is incomplete, the complete question is
Ethiopia is a very poor country. Lichtenstein is much smaller geographically and has far fewer people, but it is roughly 70 times richer in terms of per capita GDP. supposing the following statements are true, which one might explain why Ethiopia is a little closer to Lichtenstein in terms of standard of living than the official statistics suggest?
(a) Lichtenstein is much more livable in terms of pollution than Ethiopia.
(b) Ethiopia has more non marketed production than Lichtenstein.
(c) Health standards in Lichtenstein exceed those in Ethiopia.
(d) There is more underground activity in Lichtenstein than in Ethiopia.
Question 7 of 10
How does fractional reserve banking add money to the
economy?
O A. By preserving the value of deposits while loaning
deposited money to others
B. By ensuring that banks maintain reserves covering
all of their deposits
OC. By giving banks the right to print money during
periods of economic emergency
D. By making sure that all loans are repaid by the
borrower's next payday
The answer is A. By preserving the value of deposits while loaning deposited money to others.
Fractional reserve banking refers to the practice where banks are only required to hold a fraction of their deposits in reserve and can lend out the rest. This means that banks can loan out a larger amount of money than they actually have on hand. When the loans are repaid, the money is deposited back into the bank, which can then be loaned out again, creating new money in the economy.
This process of lending and borrowing money, creates new money in the economy, and helps to stimulate economic growth. The money that is deposited in the bank is not idle, but it's put to use by loaning it out to borrowers, who in turn use it for different purposes, such as investments, buying goods and services and so on.
B. By ensuring that banks maintain reserves covering all of their deposits is not correct, as the whole point of the fractional reserve system is that banks are only required to hold a fraction of their deposits in reserve.
C. By giving banks the right to print money during periods of economic emergency is not correct as printing money is not the role of banks but of Central Banks.
D. By making sure that all loans are repaid by the borrower's next payday is not correct, as loans are not always repaid on the next payday but over a longer period of time.
Hope This Helps You!
The process of fractional reserve banking add money to the economy by by preserving the value of deposits while loaning deposited money to others. Thus, the correct answer is option A.
What is fractional reserve banking?Fractional reserve banking is the practise of banks merely holding a portion of their deposits in reserve and lending the remainder. This means that banks can lend out more money than they actually have on hand. When the loans are repaid, the funds are returned to the bank, where they can be given out again, creating fresh money in the economy.
This lending and borrowing process generates fresh money in the economy and contributes to economic growth. The money that is deposited in the bank is not idle, it is put to use by lending it to borrowers, who then use it for various purposes such as investing and purchasing commodities.
Therefore, banks preserving the value of deposits while loaning deposited money to others.
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HELP FOR CROWN!!!
what is one thing a bank will require you to have when you ask for an auto loan?
A. keys to the car
B. proof of auto insurance
C. driver's license
D. letter of recommendation
Answer:
It is either C or D
Explanation:
Answer:
Driver's License
Claire wants to introduce an electric vegetable chopper that can also work on hand-gesture commands. She wants to demonstrate the product to her target audience. Which sales channel should she use to demonstrate her product? Claire should use a ___ sales channel to demonstrate her product.
Answer:
direct channel (or producer to consumer)
Explanation:
This channel is appropriate when a producer is trying to introduce an innovative product or service and wants to reach a large audience. The best way a manufacturer or producer can sell its products or services directly to consumer is through internet sales.
Answer:
I put retail sales channel
Explanation:
(Yeah ik this is very late) I don't even know if that's right lol
Select the correct answer.
Which marketing strategy is the most effective in the modern era?
O A. relationship marketing
OB. marketing mix
Oc relationship marketing combined with the marketing mix
OD. considering the short-term interests of society
O E.
customer service
Answer:
Customer Service
Explanation:
Which cost will increase or decrease with increase in production? A. Marginal cost B. FIxed cost C. Financial Cost D. All of the above
Answer:
A
Explanation:
The marginal cost is the change in total production cost that comes from making or producing one additional unit. To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale to optimize production and overall operations. If the marginal cost of producing one additional unit is lower than the per-unit price, the producer has the potential to gain a profit.
Answer B is not correct, so D is wrong, too.
Which function of financial statements is the most important for entrepreneurs?
Income Statements, Balance Sheet, Statements of Owner's Equity, and Cash Flow Statements are the financial statements that serve entrepreneurs the most.
Income statement: An income statement is a financial statement that details a company's revenues and outlays for a given time period. An entrepreneur is aware of the gross profit, operating net income, and tax costs. An entrepreneur can also get an estimate of the earnings per share if it's a corporation.
Financial statement that displays the input and outflow of cash is known as a cash flow statement.
The balance sheet is a financial statement that lists all of an organization's assets, liabilities, and owner capital. Current assets, non-current assets, current liabilities, long-term obligations, and owner's equity are all listed on the balance sheet. While the balance sheet is generated for a certain date, the income statement is prepared for an accounting period.
The disclosure of owners' equity is required regardless of whether the company is publicly or privately held. It displays the starting balance, retained earnings, and dividends that the business has paid out.
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In a planned economy, prices of commodities are controlled by _________.
A.
Supply and demand
B.
Producers and consumers
C.
The government
D.
Private enterprises
Please select the best answer from the choices provided
A PDF file is used to display a file as it will look when _______.
Answer:
a pdf file is used to display a file as it will look when _____.
An electrician invested $9,000 in an investment account paying 2. 45% interest compounded semiannually. After 30 years, the value of the account will have a balance of $18,685. 71. If the electrician's investment was compounded continuously instead of twice per year, what would be the difference in the account balance after 30 years?.
If the electrician's investment were compounded continuously rather than twice annually, the difference in the account balance after 30 years would be $83.63.
Option C is correct.
Elaborating the solution:The electrician's initial investment of $9,000 would have a balance of $18,685.71 over 30 years if it were compounded semiannually at 2.45%.
However, the balance after 30 years would be $18,769.34 if the same investment had been compounded continuously at 2.45%, which is $83.63 more than the balance that was compounded semiannually.
Investment account:Investment accounts hold cash in addition to stocks, bonds, funds, and other securities. The fact that the value of assets in an investment account can fluctuate and even decline is a significant distinction between a bank account and an investment account.
What is the name of an investment account?A brokerage account is an investment account where you can buy and sell stocks, bonds, mutual funds, and exchange-traded funds (ETFs). You can use your funds whenever and however you want, whether you're saving for a big purchase or putting money away for the future.
Question incomplete:An electrician invested $9,000 in an investment account paying 2.45% interest compounded semiannually. After 30 years, the value of the account will have a balance of $18,685.71. If the electrician's investment was compounded continuously instead of twice per year, what would be the difference in the account balance after 30 years?
A. $42.03
B. $80.38
C. $83.63
D. $165.55
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What are the 3 Building Blocks of Debt
Answer: Earning, saving, and spending
Explanation:
Answer:
The three building blocks of debt are:
EarningSpendingSaving
How did Doug Flute’s Hail Mary pass demonstrate the marketing value of building high-profile sports programs? What are some ways colleges make revenue from their teams? How much money do college sports generate every year? How are college athletes compensated for their work as athletes? What are they NOT allowed to receive? Explain what happened in "Tattoo Gate." What was the punishment in this case? Best-selling author Michael Lewis argues that playing college sports impedes athletes from getting an education. How would you support his argument? The president of the NCAA argues that education combined with access to some of the best coaches in the world is adequate compensation for student athletes. Do you agree? Why or why not? After watching the video, do you think that college athletes should be paid? Why or why not? Do you think the lawsuit against the NCAA would be successful? Why or why not? Should fans of college sports be concerned about the alleged injustices in the NCAA? Why or why not? Do you think it’s fair that college athletes have to sign a contract that states that their images and likeness can be used by the NCAA forever without receiving any compensation? Why or why not?
Answer:
In order all answered :)
Explanation:
He throw the winning touchdown.
Televising their teams and marketing their university to the world. They make millions.
They are exploited to the tune in almost 15 million. The riches they create and are not given the education they are promised.
Ohio state football players received free tattoos and exchange for memorabilia. The players were suspended and had to repay the cash as well as the value of the tattoos. Unpaid athletes were fined by a billion-dollar organization that's gets paid by sponsors to decorate the athletes in corporate logos.
The Students spend too much time on their sports and not enough time on their school work.
I do not agree since the students have to spend most of their time playing sports instead of doing their school work, and yet the coaches expect them to pass classes and as soon as the players or no longer vital in the game they don’t get there scholarship for the following year, which is highly unfair.
I do believe that college athletes should be paid because they work and play. They can lose their spot so quick they also create the money that the coaches get.
I do believe the lawsuit against NCAA would be successful because there are so many athletes that are standing up. Other political people are noticing things and standing up and most importantly it is a rule that they get paid for the money the create by there name and being on the team.
I do believe fan of college sports should be concerned and I believe this because what it means to be a fan is to feel like you are with the brand and why would you want to associated yourself with injustice. There are also so many fans that can help do something about it.
I do not think it's fair for college athletes to sign a contract stating their likeness and image can be used by the NCAA forever without receiving any compensation. I believe this because it is wrong they create the money that these people get from games they should get a decent amount of it.
If country A has a comparative advantage in the production of good X over country B, then: _______________
a. country A should not trade with country B.
b. the domestic opportunity cost of producing X in country A is higher than in country B.
c. the domestic opportunity cost of producing X in country A is lower than in country B.
d. the domestic opportunity cost of producing X in country A is higher or lower than in country B.
Considering the situation described above, if country A has a comparative advantage in producing good X over country B, then: the domestic opportunity cost of producing X in country A is lower than in country B.
What is Opportunity Cost?Opportunity cost is often used in economics to describe the profit lost when one choice or option is taken over another.
What is Comparative Advantage?Comparative Advantage is the term used to describe the economy's capacity to produce a specific good or service at a lower opportunity cost than its trading competitors.
Therefore, given that country A has a comparative advantage in producing good X over country B, this equates to country A having a lower opportunity cost than country B.
Hence, in this case, it is concluded that the correct answer is option C.
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Economics - What’s an example where the market approach would not be appropriate? Why?
try defining what a market approach is: a method of determining the value of a product based on the selling price of similar products.
you can then proceed to think of a specific product or brand which is extremely overpriced (meaning sales volume will be low) or underpriced (meaning profit is not as much as it could be).
a simple example of this could be misjudging the value of real estate, and selling houses, land and other infrastructure for either much more or much less than you should
The owner of a mansion with extensive landscaped grounds installed a life-size marble statue of his late mother affixed to a granite pedestal on the premises. The statue, a fixture, was specially commissioned by the owner from a well-known sculptor. Several years later, the owner entered into a contract to sell the mansion and its grounds. The contract made no mention of the statue. Prior to closing, the buyer learned that the owner planned to remove the statue before delivering the deed to the property. The buyer has objected, arguing that the statue must stay on the premises. Can the owner remove the statue
Answer:
I'm really not sure why the buyer would want to keep the statue of the seller's dead mother in the premise, it sounds creepy, but he/she entitled to do so. The statue is probably considered a fixture of the house, mansion or premise however you want to call it. When someone sells a property, he/she must include all the fixtures, e.g. doors, windows, pool. A fixture is something that is physically attached to the property.
If the seller plans to remove some fixture, e.g. an expensive lamp in the living room, he/she must state so before closing the deal and the buyer must accept it (generally it would be included in the contract).
Christina's bank allows her employer to directly deposit her paycheck into her personal bank account. this service provided by christina's bank is called a(n): group of answer choices atm service. federal deposit insurance corporation (fdic) service. money market service. electronic funds transfer system (efts) service. overdraft service.
The service provided by Christina’s bank is called federal deposit insurance corporation service. Thus the second option is correct.
What is federal deposit Insurance Corporation?The Federal Deposit Insurance Corporation is agencies which provides the services of the supply deposit insurance to depositors in American depository institutions and also provides the credit services which regulates and insures credit unions.
In the above scenario, Christina directly deposits her paycheck in the bank in her personal account. Thus the bank provides the services of Federal Deposit Insurance Corporation services to deposit her savings into the bank.
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Scale efficiencies are the cost advantages that enterprises obtain as fixed costs are spread out over more units of output. But some companies sacrifice scale efficiencies for responsiveness to local conditions. In these companies, country managers understand local laws, customs, and tastes and can decide how to meet them and increase sales. This global strategy is called
Answer: multi-domestic strategy
Explanation:
A multi-domestic strategy refers to a strategy whereby a company responds to the local market by making and customizing their product in order to match the different national conditions.
The strategy enables the multinational's individual subsidiaries to be able to compete independently in the domestic markets. An example of a multidomestic company that uses the multidomestic strategy is Nestlé which utilizes its marketing approach for the markets where it operates as it tastes is based on the needs of the people in the country.
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for December are as follows:
Inventory Purchases Sales
Dec. 1 310 units at $88 Dec. 10 144 units at $90 Dec. 12 240 units
Dec. 20 240 units at $96 Dec. 14 166 units
Dec. 31 200 units
Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit.
Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.
The cost of sales and the inventory balance at the given dates are:
Date Cost of sales Inventory Balance
Dec 12 $21,120 214
Dec 14 $14,800 48
Dec 31 $22,752 14
What is FIFO?FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold.
The items sold on Dec 12 would be taken from the beginning inventory.
Inventory left = (310 - 240) + 144 = 214
Cost of goods sold = 88 x 240 = $21,120
The items sold on Dec 14 would be taken from the beginning inventory and the items bought on Dec 10.
Inventory left = 214 - 166 = 48
Cost of goods sold = (88 x 70) + [(166 - 70) x 90] =
6160 +8640 = $14,800
The items sold on Dec 31 would be taken from the inventory purchase on Dec 10 and 20.
Inventory left = (48 + 240) - 200 = 88
Cost of good sold = (48 x 90) + [(240 - 48) x 96) =
4320 + 18,432 = $22,752
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Difference between assets and liabilities.
Answer:
see below
Explanation:
Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.
Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.
You know this dilemma well: You're about to send a message via email or some for of messaging, but you're worried that the right tone won't come across. What if you're trying to be humorously sarcastic, but the recipient thinks you're being serious? Or what if you are trying to be friendly and sympathetic, but the words come across as cold and uncaring?
If you were communicating in person, you could modulate the emotional tone of your message by smiling, using your voice to accent certain words or syllables, shrugging your shoulders, rolling your eyes, or otherwise sending nonverbal signals that help say what your words have trouble saying. Plus, you could monitor the recipient's response and immediately react if you see that the message didn't quite land.
To fine-tune the tone of their written messages, many people resort to emoticons or emojis. Emoticons and emojis can be effective ways to minimize the limitations of a lean medium, which is why so many people now use them for personal and business communication. A smiley face can inject a touch of levity into a tense situation and a frowny face can convey sympathy for someone who has suffered a setback, for example.
Emoticons and emojis have become popular tools for adding emotional context and tone to written messages. They can help bridge the gap between text-based communication and face-to-face interaction by providing visual cues that convey emotions and intentions.
Using emoticons or emojis allows the sender to enhance the clarity of their intended tone and help prevent misunderstandings. For example, a winking face ;) can indicate humor or sarcasm, a smiling face :) can convey friendliness, and a sad face :( can express sympathy or concern.
However, it's important to note that the interpretation of emoticons and emojis can still vary among individuals and across different cultures. Therefore, it's crucial to use them appropriately and consider the context and relationship with the recipient. Some professional settings may require more formal communication without the use of emoticons or emojis.
In addition to emoticons and emojis, other techniques can be employed to enhance the tone of written messages. These include using specific words or phrases, providing additional context, and being mindful of sentence structure and punctuation. Re-reading and proofreading the message before sending it can also help identify potential issues with the tone.
While written communication may always have its limitations compared to face-to-face interaction, employing these techniques can help reduce misunderstandings and ensure that the intended tone of the message is effectively conveyed.
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4) When do credit cards charge interest? Do you pay interest on everything you buy
on a credit card?
Answer:
If you dont pay your balance , Yes you have to pay interest on everything you buy on your card because that is money from the bank so you have to pay your balance for them to get there money back.
Explanation:
Rappaport Industries has 5,000 perpetual bonds outstanding with a face value of $1,000 each. The bonds have a coupon rate of 6.1 percent and a yield to maturity of 6.4 percent. The tax rate is 40 percent. What is the present value of the interest tax shield?
The present value of the interest tax shield for Rappaport Industries is $122,000.
The present value of the interest tax shield can be calculated using the formula PV(Tax Shield) = Tc * D, where Tc is the tax rate and D is the value of debt. In this case, the value of debt is $1,000 * 5,000 = $5,000,000.
First, we need to calculate the annual interest expense on the bonds. The coupon rate is 6.1 percent, so the annual interest payment is $1,000 * 6.1% = $61 per bond. The total annual interest expense is $61 * 5,000 = $305,000.
Next, we calculate the present value of the interest tax shield. Using the formula, we have PV(Tax Shield) = 0.40 * $305,000 = $122,000.
Therefore, the present value of the interest tax shield for Rappaport Industries is $122,000. This represents the tax savings that the company receives from deducting the interest expense on its bonds from its taxable income.
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what are the advantages of first recording transactions in the journal and then posting to the ledger?
The advantage of recording transactions in journal is that it reduces the cost of transaction and then transferring it in ledger according to chronology.
A journal is a thorough statement that documents each of a corporation's economic activities. It is utilized for account reconciliation in the future as well as the data transfer to other official financial statements, such as the general ledger. A journal typically uses the double-entry bookkeeping approach and contains the date of a transaction, the accounts that have been impacted, and the amounts.
Since, journal records every kind of transaction in one book, to make the accounting process easy the records are then transferred to ledger separately according to their nature, this classification into ledger accounts helps in making trial balance very easy and give information about each aspect of transactions.
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What information do we gain by isolating the income and substitution effects from each other when examining the effect of a change in price on consumption? How does this further help us understand the
Isolating the income and substitution effects is important when examining the effect of a change in price on consumption since it gives a clearer understanding of how individuals react to changes in their budget constraints.
The substitution effect always happens when there is a change in the relative prices of two goods. When the price of a good decreases, consumers substitute the now less expensive good for the now more expensive good.Income effect: The income effect refers to the change in quantity demanded of a good as a result of a change in real income caused by a price change. In other words, the effect on purchasing power resulting from a price change is known as the income effect. If the price of a good increases, the consumer's purchasing power decreases, and they can no longer afford to buy the same amount of goods that they could before.
In conclusion, by isolating the income and substitution effects from each other when examining the effect of a change in price on consumption, we can better understand how individuals respond to changes in their budget constraints and how they modify their consumption patterns to maintain their level of satisfaction.
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Design app concept about Hotel Management System in app.moqups and send link
You can start designing your hotel management system app concept.
The process of designing an app concept for a hotel management system on app.moqups.
Step 1: Sign up and log in to app.moqups
Step 2: Create a new project by clicking on the "New Project" button.
Step 3: Choose the type of project you want to create. Since you want to design an app concept, choose "Mobile App."
Step 4: Choose a template for your mobile app. You can either start from scratch or use one of the pre-designed templates.
Step 5: Start designing your hotel management system app concept. You can add various design elements such as buttons, images, and icons to your app. You can also customize the colors, fonts, and other design elements.
Step 6: Once you have finished designing your app concept, you can share it with others by clicking on the "Share" button and copying the link to your project. You can then send the link to others via email or social media.
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Which would be the best financial investment for an organization when comparing two investment opportunities? Select one: O a. The one with the lowest discount rate Ob. The one with the largest net present value Oc. The one with the smallest IRR Od. The one with the lowest future value D
The best financial investment for an organization when comparing two investment opportunities is:b. The one with the largest net present value.
When comparing investment opportunities, the net present value (NPV) is a widely used criterion to assess the potential profitability of an investment. NPV represents the difference between the present value of cash inflows and the present value of cash outflows associated with an investment.
The NPV takes into account the time value of money by discounting future cash flows to their present value using a discount rate. The discount rate represents the organization's required rate of return or the minimum acceptable rate of return for an investment. By selecting the investment opportunity with the largest net present value (b), the organization aims to maximize the expected return on investment. The larger the NPV, the greater the expected profitability of the investment.
It's important to note that the discount rate used to calculate the NPV should reflect the organization's cost of capital or the rate of return that could be earned on alternative investments with similar risk profiles. Therefore, the investment opportunity with the largest NPV indicates that it generates the highest expected value above the cost of capital.
While the discount rate is a crucial factor in determining the NPV, selecting the investment opportunity with the lowest discount rate (a) or the one with the smallest internal rate of return (IRR) (c) may not necessarily result in the best financial investment. The future value (d) alone does not provide a comprehensive evaluation of an investment's profitability. Therefore, the investment opportunity with the largest net present value is generally considered the best choice when comparing two investment opportunities.
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A man has his property listed with a broker. On June 23, a fire causes considerable damage to the property. On June 25, the owner revokes the listing. On June 29, the broker is deemed incompetent. Two days later, on July 1, the listing expires. On what date was the listing terminated
On June 29, the broker is deemed incompetent. Two days later, on July 1, the listing expires. On June 23 listing will be terminated.
How does this occur?
A listing agreement may be amended, but only with the written consent of all parties. A different broker is chosen by the seller to handle the listing.When the listing broker is still eligible to get a commission after the listing has expired.The Fifth Amendment of the United States Constitution states that "nor shall private property be seized for public use, without just compensation." We both believe that it is useful to remember the justifications behind the provision in order to comprehend it.To know more about listing here
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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A company produces 10 items, charges $45 per item. When it produces 20 items, it charges $40 per item. Cost to produce 10 items is $450, cost to produce 20 items is $650. What is the price, cost, revenue, profit functions. What is the break-even points, max profit and items to produce to get max profit.
Answer:
a. The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
b. Break-even point = Total Revenue = Total Cost
= $450 = $450
break-even point in units = 10 items
c. Maximum profit = $150
Items to produce to get max profit = 20 items
Explanation:
a) Data and Calculations:
Sales Revenue for 10 items = $450 ($45 * 10)
Cost of sales for 10 items = $450
Sales Revenue for 20 items = $800 ($40 * 20)
Cost of sales for 20 items = $650
The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
For 10 items, function yields = {($45 * 10) - $450} = 0
For 20 items, function yields = {($40 * 20) - $650} = $150
scott paper uses many intermediaries to reach its target markets; citibank uses none. which of the marketing mix variables is being considered here? group of answer choices penetration product promotion place price
The marketing mix variable being considered here is 'place' or distribution. This refers to how a company gets its products to the target customers. Scott paper uses many intermediaries to reach its target market while Citibank uses none. The marketing mix variable being considered here is 'place' or distribution.
Place or distribution is one of the 4Ps of the marketing mix. It refers to how a company gets its products to the target customers. Scott paper uses many intermediaries to reach its target markets while Citibank uses none. The intermediaries in the case of Scott Paper include wholesalers, retailers, and other agents. Scott Paper uses intermediaries to reach customers who are geographically dispersed. This way, Scott Paper can cover a larger area and increase sales. Citibank, on the other hand, uses a direct approach to reach its target customers. Citibank uses a direct marketing strategy to reach out to customers. They don't have intermediaries as they provide services such as banking, insurance, and investment directly to their customers.
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