GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. GameStop Corp. had the below transactions: 1. On October 1, 2024, GameStop Corp. Ient $88,000 to another company (Burro Inc). A note was signed with principal and 9% interest to be paid on September 30, 2025. 2. On November 1, 2024, GameStop Corp. paid its landlord $8,700 representing the rent for the months of November through January. The prepaid rent was debited at the time the payment was made. 3. On August 1, 2024, GameStop Corp. collected $14,700 in advance rent from another company that is renting a portion of GameStop Corp.'s factory. The $14,700 represents 1 year's rent and the entire amount was credited to deferred rent revenue at the time cash was received. 4. Depreciation on office equipment for GameStop Corp. is $5,400 for the year. 5. Vacation pay for the year that had been earned by GameStop Corp.'s employees but not paid to them or recorded is $8,900. GameStop Corp. records vacation pay as salaries expense. 6. GameStop Corp. began the year with $2,900 in its asset account, supplies. During the year. $7,400 in supplies were purchased and debited to supplies. At year-end, supplies costing $3,700 remained on hand. Required: Please carefully prepare the needed adjusting entries at December 31, 2024 for each of the above events for GameStop Corp. Also, assume that no financial statements were prepared during the year and no adjusting entries were recorded for GameStop Corp. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Answers
The required adjusting entries for GameStop Corp. at December 31, 2024 are as follows:1. Accrued interest expense: Debit Interest Expense $2,200, Credit Interest Payable $2,200. 2. Recognize rent expense: Debit Rent Expense $5,800, Credit Prepaid Rent $5,800. 3. Recognize rent revenue: Debit Deferred Rent Revenue $14,700, Credit Rent Revenue $14,700. 4. Record depreciation expense: Debit Depreciation Expense $5,400, Credit Accumulated Depreciation $5,400.
1. Accrued interest expense: Since GameStop Corp. lent $88,000 to Burro Inc. with 9% interest, interest expense needs to be recognized for the period from October 1, 2024, to December 31, 2024. The calculation is $88,000 * 9% * 3/12 = $2,200. This is recorded by debiting Interest Expense and crediting Interest Payable.
2. Recognize rent expense: The prepaid rent of $8,700 paid on November 1, 2024, covers the months of November, December, and January. However, as of December 31, 2024, only one month has passed. Therefore, the rent expense needs to be recognized for the remaining two months. This is recorded by debiting Rent Expense and crediting Prepaid Rent.
3. Recognize rent revenue: GameStop Corp. received $14,700 in advance rent on August 1, 2024, for one year. As of December 31, 2024, only five months have passed. Therefore, the portion of rent revenue to be recognized for the remaining seven months needs to be recorded. This is done by debiting Deferred Rent Revenue and crediting Rent Revenue.
4. Record depreciation expense: Depreciation on office equipment is recorded by debiting Depreciation Expense and crediting Accumulated Depreciation. The given amount is $5,400 for the year.
5. Record vacation pay expense: GameStop Corp. has vacation pay earned by employees but not paid or recorded. This is recognized as an expense by debiting Salaries Expense and creating a liability, Vacation Pay Payable, by crediting it for the amount of $8,900.
6. Adjust supplies expense: GameStop Corp. began the year with $2,900 in supplies. During the year, $7,400 in supplies were purchased, resulting in a total of $10,300. However, as of December 31, 2024, supplies costing $3,700 remained on hand. Therefore, the supplies expense needs to be adjusted to reflect the supplies used during the year. This is recorded by debiting Supplies Expense and crediting Supplies.
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Related Questions
In several African countries where the rhinoceros was once a thriving species, the animal is now nearly extinct. In most of these nations, rhinoceros horns are used as traditional ingredients in certain medicines. Rhinoceros farming has been proposed as an alternative to the imposition of stiff penalties on people who are caught engaging in rhinoceros hunting. The imposition of stiff penaltiesA. reduces the supply of rhino horns.B. makes poaching more lucrative.C. increases the price of rhino horns.D. All of the above are correct.E. B & C only are correct.
Answers
Answer:
D. All of the above are correct
Explanation:
In many places, rhinoceros are illegal hunted down and their horns are illegal black market at a very high price. It is believed that the rhino horns have some medicinal value.
In the context, in several South African countries, the government have imposed heavy penalties on people who are caught in hunting of the rhinoceros. Thus this imposing of the penalties will increase the cost of the rhino horn in the black market, it will also makes the poaching business more lucrative as the demand on the horns and the cost of the hunters will be more. Penalties will also effect the supply of the rhino horns as many people will now stop poaching the rhinos. Thus the supply will decrease.
Therefore the correct option is (D).
If a new car is valued at $21,300 and 7 years later it is valued at $8000, then what is the average rate of change of its value during those 7 years?
Answers
The average rate of change of the car's value over the 7-year period can be calculated by finding the difference in value and dividing it by the time elapsed. In this case, the initial value of the car is $21,300 and its value after 7 years is $8,000.
To calculate the average rate of change, we subtract the initial value from the final value: $8,000 - $21,300 = -$13,300. The negative sign indicates a decrease in value.
Next, we divide the difference in value by the time elapsed, which is 7 years: -$13,300 / 7 = -$1,900 per year.
Therefore, the average rate of change of the car's value over the 7-year period is -$1,900 per year, indicating a depreciation in value of $1,900 per year on average.
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5. What is the impact of the Online Funds Transfer - From Savings that
appears on John's statement?
John's Savings account balance declined by $50 and his Checking account balance
increased by $50
John's Savings account balance increased by $50 and his Checking account balance
declined by $50
John's Savings account balance had no change and his Checking account balance
declined by $50
John's Savings account balance increased by $50 and his Checking account balance
had no change
Answers
The correct statement that describes the impact of the Online Funds Transfer - From Savings on John's statement is:
John's Savings account balance declined by $50 and his Checking account balance increased by $50.
This means that $50 was transferred from John's Savings account to his Checking account through an online funds transfer. As a result, the balance in John's Savings account decreased by $50, indicating a reduction in the amount of money he has saved. Conversely, the balance in John's Checking account increased by $50, reflecting the additional funds transferred into the account. This transaction represents a transfer of funds between the two accounts, resulting in a decrease in savings and an increase in checking.
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What is the advantage of renting the apartment over buying a home? Check all that apply. Repairs and maintenance costs are not Sasha's responsibility. Utilities, such as electricity and water, are included in Sasha's rent payment. Sasha's up-front costs will be lower, allowing her to keep her savings. Sasha's monthly costs will be lower. Sasha will make money if the value of the apartment increases.
Answers
Answer:
Repairs and maintenance costs are not Sasha's responsibility.
Sasha's up-front costs will be lower, allowing her to keep her savings.
Sasha's monthly costs will be lower
Explanation:
The advantage of renting the apartment over buying a home are that:
• Repairs and maintenance costs are not Sasha's responsibility - The repair and maintenance cost goes to the home owner and not Sasha since she just rented the house. The owner who bought the house bears the cost.
• Sasha's up-front costs will be lower, allowing her to keep her savings. - Her upfront cost will be lower and she can use the money which might have been used for house repair or maintenance to do other things.
Sasha's monthly costs will be lower - There'll be also be a reduction in the amount she spends every month.
The other options such as "Sasha will make money if the value of the apartment increases". and "Utilities, such as electricity and water, are included in Sasha's rent payment" aren't advantages of renting the apartment.
Answer:
Answers 1, 3, and 4.
Explanation:
Option 1: Repairs and maintenance costs are not Sasha’s responsibility.
Option 3: Sasha's up-front costs will be lower, allowing her to keep her savings.
Option 4: Sasha's monthly costs will be lower.
could someone explain to me what the money market in Italy is, thank you all
Answers
Explanation:
Two main markets comprise the Borsa Italiana: the Mercato Telematico Azionario (MTA), which is the segment for mid- and large-size companies; and the AIM Italia, which was established in 2009 to cater for high growth small and medium enterprises needing more flexibility around the reporting and governance requirements.
What does the concept of scarcity explain?choose three answers
Answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
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Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
why is 10 cents earned far more valuable than a dollar found. Critical thinking.
Answers
List 5 expenses that are fixed (ie. something you have to
pay each month and doesn't change
Answers
Answer:
food
toiletries
clothing
education
rent
What are Logistics careers?
Answers
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Transactional selling is a strategically developed, high-quality, long-term relationship that focuses on solving the customer's buying problems. (T/F)
Answers
The statement "Transactional selling is a strategically developed, high-quality, long-term relationship that focuses on solving the customer's buying problems" is FALSE because in transactional selling the focus is completing individual transactions with customers, with the goal of making a sale as quickly as possible.
Transactional selling is a sales approach in which a salesperson focuses on completing individual transactions with customers, usually with the goal of making a sale as quickly as possible. In this approach, the salesperson typically focuses on the features and benefits of the product, rather than building a long-term relationship with the customer.
The emphasis in transactional selling is on making a one-time sale, and the sales process often involves little or no follow-up after the sale is made. This approach is commonly used for products that are low-cost, frequently purchased, and have a short sales cycle.
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the late gothic period was marked by a race to see who could build the tallest buildings.
Answers
The statement that the late Gothic period was marked by a race to see who could build the tallest buildings is not entirely accurate.
While height was certainly a significant architectural aspiration during the Gothic period, particularly in the construction of cathedrals, it was not solely a competition to build the tallest buildings.
During the late Gothic period (also known as the High Gothic or Rayonnant period, roughly from the mid-13th century to the late 14th century), there was a remarkable advancement in architectural techniques that allowed for the creation of increasingly taller and more elaborate structures. The emphasis on height was driven by both religious and architectural factors.
Gothic cathedrals, in particular, sought to achieve verticality as a symbol of spiritual transcendence and heavenly aspirations. The soaring spires and intricate vaulting systems of cathedrals aimed to inspire awe and draw the eyes upward toward the divine. The ambition to build taller structures was also driven by a desire to surpass previous achievements and create architectural marvels that showcased the skills and abilities of the builders and their patrons.
However, it is important to note that the construction of Gothic cathedrals was a complex and lengthy process that often spanned several generations, involving multiple craftsmen, architects, and builders. The focus was not solely on height but also on other architectural elements such as intricate ornamentation, expansive stained glass windows, and structural innovations like flying buttresses. These cathedrals were also significant religious and cultural centers, serving as important gathering places for worship, pilgrimage, and community activities.
So, while the pursuit of height was a notable aspect of Gothic architecture, it would be an oversimplification to characterize it solely as a race to build the tallest buildings. The Gothic period represented a broader shift in architectural style and engineering techniques, reflecting religious, artistic, and cultural aspirations of the time.
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_______ are expenditures that keep an asset in good operating condition. They are necessary if an asset is to perform to expectations over its useful life.
Answers
Blank is expenditures that keep an asset in good operating condition. They are necessary if an asset is to perform to expectations over its useful life.
Improvement
Improvement (improvement) is the cost of making a facility more efficient or productive. They are capitalized (added to the cost of fixed assets). Abnormal repairs extend the useful life of an asset beyond its originally estimated useful life.
Regular repairs are the cost of keeping an asset in good working order. Regular repairs do not extend the useful life of an asset beyond its initial estimate or increase productivity beyond its initial expectations.
Expenditures to keep assets under normal operating conditions. These are necessary for an asset to function as expected during its useful life. They are treated as expenses. Spending makes facilities more efficient or productive
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Answer:ordinary repairs
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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What activities are FBLA-PBL members most likely to participate in?
Answers
Answer:
FBLA-PBL members most likely to participate in business competitions and leadership conferences.
Answer:
leadership conferences
business competitions
Explanation:
What would CRM software help you
do?
Answers
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
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Harper has shown promise, and her manager has suggested that she be paired up with another experienced professional for faster skill development.
What coaching method does the manager use in Harper’s case?
is the training technique that Harper’s manager is using. In this technique, Harper will work with an experienced and already trained employee to develop her skills faster.
Answers
Answer:
i’m pretty sure it’s mentoring
Explanation:
plato
Answer:
Shadowing answer on plato
Explanation:
Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
Why very few subsistence economies exist today
Answers
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
An industry has 100 firms. These firms have identical production functions. In the short run, each firm has fixed costs of $200. There are two variable factors in the short run and output is given by y = (min{x1, 4x2})^1/2. The cost of factor 1 is $2 per unit and the cost of factor 2 is $4 per unit. In the short run, the industry supply curve is given by
a.Q = 100p/6.
b.Q = 100p/10.
c.Q = 300p^1/2
d.the part of the line Q = 50(min{2, 16 })for which pQ >=200/Q
.e.None of the above.
Answers
The market supply curve is Q = 100y, which corresponds to Q = 100p/6. Therefore, option a is correct.
Starting with the cost function:
C = 1200 + 2x1 + 4x2
where x1 and x2 are the quantities of factor 1 and factor 2 used, respectively.
The production function is given as \(y = min(x1, 4x2)^{0.5}.\)
Square both sides to obtain:
\(y^2 = min(x1, 4x2).\)
Substituting y^2 for x1 and 4x2 in the cost function:
\(C = 1200 + 2y^2 + 4(1/4)y^2\\ = 1200 + 2y^2 + y^2 \\= 1200 + 3y^2.\)
Calculating the marginal cost (MC) by differentiating the cost function with respect to y:
MC = dC/dy = 6y.
The supply function for one firm is P = MC = 6y.
Multiplying the supply function by the number of firms (100) to get the market supply:
Q = 100P/6
= 100(6y)/6
= 100y.
Therefore, the market supply curve is Q = 100y, which corresponds to option A.
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A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. why do you think that is so?
Answers
A balanced federal budget is stated to be in balance whilst the revenue earned and fees incurred are equal. exchange stability refers to the float of exports and imports. effective alternate balance refers to while exports are greater than imports.
A balanced budget is a budget monetary plan wherein sales are the same as expenses, such that there's no budget deficit or surplus. Balanced price range. Balanced finance occurs when total sales same general outlays for a financial twelve months.
A few economists argue that moving from a budget deficit to a balanced price range decreases hobby prices, will increase investment, shrinks alternate deficits, and facilitates the economy to develop faster in the long term. shortage manner human wishes for goods and offerings exceed the available supply. supply is confined because resources are limited. demand, but, is absolutely unlimited.
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What is a benefit of SiriusXM® Radio with 360L in 2023 ARIYA?
Answers
The benefit of SiriusXM® Radio with 360L in the 2023 ARIYA is that it offers a wide variety of commercial-free music, live sports, news, and entertainment channels. The 360L service provides personalized recommendations, on-demand content, and features like "Skip" and "Favorites."
The benefit of SiriusXM® Radio with 360L in the 2023 ARIYA is that it provides a wide variety of commercial-free music, live sports, news, and entertainment channels. The 360L service offers personalized recommendations based on the listener's preferences and listening history, allowing for a more personalized listening experience. Additionally, the service includes on-demand content, allowing listeners to access their favorite shows and episodes at any time. The 360L service also includes the ability to pause, rewind, and replay live radio, providing greater flexibility and control over the listening experience.
Another benefit of SiriusXM® Radio with 360L in the 2023 ARIYA is that it includes a feature called "Skip" that allows listeners to skip songs they don't like and go to the next one. This feature is particularly useful for people who want to discover new music but do not want to spend time listening to songs they do not enjoy. Additionally, the service includes a feature called "Favorites" that allows listeners to save their favorite channels and shows for easy access.
Another benefit of SiriusXM® Radio with 360L in the 2023 ARIYA is that it includes a feature called "CarPlay" that allows listeners to access their favorite SiriusXM® channels and shows through the car's infotainment system. This feature provides a seamless listening experience, allowing drivers to stay focused on the road while enjoying their favorite music, sports, news, and entertainment channels.
Overall, the benefit of SiriusXM® Radio with 360L in the 2023 ARIYA is that it provides a comprehensive and personalized listening experience, with a wide variety of channels and features that cater to the needs and preferences of different listeners.
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When employers give raises, they're using _______ power.
legitimate
reward
referent
absolute
Answers
Answer:
absolute powerrrrrrrrrr
When employers give raises, they're using reward power. Thus, option (b) is correct.
Being able to give others rewards or incentives gives one a form of power known as reward power. Employers might utilize incentives such as increases, bonuses, promotions, or other rewards to encourage workers at work.
Employers have the capacity to shape their employees' behaviour and motivate them to put in more effort or deliver better work by employing the power of rewards. Legitimate power, on the other hand, comes from a person's position or title within an organization. This form of power is distinct from that.
As a result, the significance of the employers give raises, they're using reward power are the aforementioned. Therefore, option (b) is correct.
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What detail most clearly develops the central idea in the first question you answered?
Group of answer choices
"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)
“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)
"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)
“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)
braiiest
Answers
The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).
What can be said of the Malaria pathogen?The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.
This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.
This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.
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Objective and subjective product criteria are developed during the ________ stage of the purchase decision process so that the decision can be made in the next stage.
Answers
Objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.
What is alternative evaluation?Alternative evaluation is the the third stage in the consumer buying decision. It refers to the stage in the buying decision process in which the buyer uses information gathered to make a final choice between the products in the evoked set.
The alternatives should reflect different approaches to the problem or different priorities across objectives, and should present decision makers with real options and choices
Hence, objective and subjective product criteria are developed during the alternative evaluation stage of purchase decision.
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which of the following BEST characterizes the first meeting to present the business plan to investors:
a) The presentation should be informal, unrehearsed and avoid using power point slides so it does not appear 'canned'.
b) The presentation should focus on the technology that will go into a new product or service because investors want assurance that the venture is based on sound technology.
Answers
Answer:
B
Explanation:
The presentation should focus on the technology that will go into a new product or service because investors want assurance that the venture is based on sound technology.
What do behaviorist and cognitivist theories have in common?
a. Praise is an important aspect of learning in both of them.
b. They both rely on a simple stimulus-response system.
c. Repetition is an important aspect of learning in both of them.
d. They both accept that the mind has a conscious role in learning.
Answers
FILL IN THE BLANK. When a product is in the maturity stage, the company should consider ________.
A) harvesting the product
B) modifying the product, market, or marketing mix
C) divesting the product
D) liquidating the product
E) dropping the product
Answers
Option b: When a product is in the maturity stage, the company should/must consider modifying the product, market, or marketing mix.
The third stage of the product life cycle, known as the maturity stage, is when sales, profitability, and competition are at their maximum point. In order to meet the needs of untapped clients and markets, businesses start to innovate and develop new versions of the product.
At the end of this stage, sales and profitability begin to decline due to fierce rivalry and the availability of additional substitute items. Businesses must maintain their product's marketability, profitability, and relevance during this phase. Particularly in the face of fierce competition, it can be challenging for businesses to preserve current profits, let alone continue seeking to improve them.
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Assume the following ratios are constant:
Total asset turnover of 2.6.
Profit margin of 6.6 %
Equity multiplier 1.5
Payout ratio 25 %
What is the sustainable growth rate?
Answers
The sustainable growth rate is 2.31%.
The sustainable growth rate (SGR) is a measure of how much a company can grow its sales and earnings without relying on external financing or changing its capital structure. It is calculated using the following formula:
SGR = Return on Equity (ROE) × Retention Ratio
To calculate the ROE, we multiply the profit margin by the total asset turnover and the equity multiplier:
ROE = Profit Margin × Total Asset Turnover × Equity Multiplier
The equity multiplier is given as 1.5, so we have:
ROE = 0.066 × 2.6 × 1.5 = 0.2574
Next, we need to calculate the retention ratio, which is equal to 1 minus the payout ratio. The payout ratio is given as 25%, so the retention ratio is 1 - 0.25 = 0.75.
Finally, we can calculate the SGR by multiplying the ROE by the retention ratio:
SGR = 0.2574 × 0.75 = 0.19305 = 19.31%
Therefore, the sustainable growth rate is 19.31%.
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A microwave oven costs $124.85 before it is marked down. If it is marked down by 63%, what is its new price, to the nearest cent?
A. $78.66
B. $61.85
C. $58.68
D. $46.19
Answers
Answer:
A
Explanation:I could be wrong.
63%x124.85=78.6555
$46.19 is its new price, to the nearest cent. Thus option D is correct.
What is the marked down?Markdown pricing refers to lowering a product's market value in order to boost sales. Markdowns are used in retail to boost customer demand for things that are in low supply, typically for a sufficient period of time to exhaust the item's stock.
It is used to boost an item's velocity, usually for removal at the end of a season or to get rid of outdated goods when their useful lives have passed.
The cost that was provided was of a microwave was $124.85
it is marked down by 63%
The new price will be calculated with the help of the deduction of the marked down
100 - 63 will give the price of the now paying price that will be charged for microwave.
= $124.85 * (100% - 63%)
= $124.85 * 37 %
= $124.85 * 0.37
= 46.1945
= $46.19 approximately
Therefore, option D is the correct option.
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