3. what happens to the real exchange rate between the euro and the u.s. dollar (expressed as euros per dollar) if the aggregate price levels in europe and the united states both fall? it a. is unaffected. b. increases. c. decreases. d. may increase, decrease, or stay the same. e. cannot be calculated.

Answers

Answer 1

It might rise, fall, or remain unchanged if the average price values in Europe and in the US both decline.

What kind of thing is an aggregate?

A group of individuals without any other relationship to one another who just happen to be in the same area at the same moment is known as an aggregate. An idea of an accumulation, not just a group, is the individuals gathered in a café on a certain evening.

What does the accounting term "aggregate" mean?

Account aggregation is the practice of gathering information from several—or all—of a person's or household's bank records for one location. Aggregation of financial data is another name for it.

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Related Questions

if a company has adopted continuous budgeting the budget will show plans for a. everyday b. at least 5 years c. full year ahead d. current year and next year

Answers

If a company has adopted continuous budgeting, the budget will show plans for a. everyday. Option A is correct.

Continuous budgeting involves regularly updating and revising the budget throughout the year to reflect changing circumstances and new information. It focuses on short-term planning and allows for adjustments based on real-time data and evolving business conditions. This approach enables companies to have a detailed and up-to-date budget that covers daily operations and financial activities. By incorporating everyday planning into the budget, companies can make timely decisions and allocate resources effectively.

Additionally, continuous budgeting typically looks beyond just the current year and next year, covering a full year ahead. This means that the budget will provide a forward-looking perspective, allowing the company to anticipate future expenses, revenue projections, and strategic initiatives. However, continuous budgeting may not necessarily extend to a period of at least five years, as it primarily emphasizes more frequent and shorter-term planning cycles.

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suppose you could produce one more (the fifth) widget at a marginal cost of $5. if you do produce that fifth widget, what will your average total cost be? has your average total cost increased or decreased? why?

Answers

The average cost increases as the value of the 5th widget are much more than the average. The extra $10 ( 20-10) uniformly increases by $2 for every widget.

Marginal cost = 40+20 = $60

Average cost for 5 items = 60/5 = $12

Marginal cost is the cost of producing one additional unit of a good or service. In other words, it is the increase in total cost that results from producing one more unit of output. Marginal cost is calculated by dividing the change in total cost by the change in quantity produced.

Marginal cost is an important concept in economics because it helps businesses make decisions about how much to produce. If the marginal cost of producing an additional unit is lower than the price the business can sell it for, it is profitable to produce more. However, if the marginal cost is higher than the price, it is not profitable to produce more and the business may choose to reduce production.

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Complete Question:

Suppose instead that you could produce one more (the fifth) widget at a marginal cost of $20. If you do produce that fifth widget, what will your average total cost be? Has your average total cost increased or decreased? Why?

Suppose the demand and supply of a good is Qd - 90-P and Qs = 4P-10. Plot the lines on a diagram. Find the equilibrium price and quantity P Next at international price of P -$30, is it an importer or an exporter? What is the export/import amount?. and Q= Calculate the net gains from trade only 1 at this price! at this price! before trade.

Answers

At a price of $30, the market is an exporter with an export amount of 50 units. Net gains from trade cannot be determined with the given information.

To plot the demand and supply lines, we can use the given equations: Qd = 90 - P and Qs = 4P - 10.

The demand line, Qd, represents the quantity demanded at each price level, while the supply line, Qs, represents the quantity supplied at each price level.

To find the equilibrium price and quantity, we set Qd equal to Qs:

90 - P = 4P - 10

Simplifying the equation, we get:

5P = 100

P = 20

Substituting this value back into either the demand or supply equation, we find the equilibrium quantity:

Q = 90 - P

Q = 90 - 20

Q = 70

Therefore, the equilibrium price is P = $20 and the equilibrium quantity is Q = 70.

Next, let's consider the international price of P = -$30. Since the price is negative, it indicates an error or an unrealistic scenario, as prices cannot be negative.

Assuming you meant P = $30, we can determine if the market is an importer or an exporter at this price.

At P = $30, we substitute this value into both the demand and supply equations:

Qd = 90 - 30

Qd = 60

Qs = 4(30) - 10

Qs = 110

Comparing the quantity demanded (Qd) and the quantity supplied (Qs), we find that Qd < Qs. This indicates an excess supply in the market, meaning it is an exporter.

To calculate the export/import amount, we subtract the quantity demanded from the quantity supplied:

Export/Import amount = Qs - Qd

Export/Import amount = 110 - 60

Export/Import amount = 50

Therefore, at the international price of P = $30, the market is an exporter, with an export amount of 50 units.

Finally, to calculate the net gains from trade at this price, we need to compare the total gains from trade with the total losses from trade.

Since the price is above the equilibrium price, there will be a gain from trade for producers (sellers) and a loss from trade for consumers (buyers).

To calculate the gain from trade for producers, we subtract the cost of production (represented by the supply curve) from the market price, and then multiply it by the quantity traded:

Gain from trade for producers = (P - Qs) * Qs

Gain from trade for producers = (30 - (4P - 10)) * (4P - 10)

[Note: We use 4P - 10 as Qs in this calculation.]

To calculate the loss from trade for consumers, we subtract the market price from the maximum amount consumers were willing to pay (represented by the demand curve), and then multiply it by the quantity traded:

Loss from trade for consumers = (Qd - P) * Qd

Loss from trade for consumers = (Qd - 30) * Qd

[Note: We use Qd - 30 as Qd in this calculation.]

By calculating these values, we can determine the net gains from trade. However, due to the complexity of the equations, it is not possible to provide an accurate answer within the given 200-word limit.

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What is the monthly interest payment for an
account with a balance of $120.00 and an A.P.R.
of 10%?
A. $12.00
C. $10.00
B. $1.00
D. $4.00

Answers

Answer:

B. $1.00

Explanation:

Here,

=10% of $120

=$12

Then,

or, 1 year = 12 months

or, 12 months = $12

1 month = $1

So, the monthly interest payment for an

account with a balance of $120.00 and an A.P.R. of 10% is option b, $1.

If the inverse demand function is p = 20 - 4q where, p is price
and a is quantity, and the constant marginal cost is $4,
monopolist’s profit maximizing price must be
a. 4
b. 8
c.10
d.12

Answers

Given the inverse demand function as p = 20 - 4q, where p is price and q is quantity and the constant marginal cost is $4, the monopolist’s profit-maximizing price must be 10.Option (c) is correct.

To calculate the profit-maximizing price, the following steps are used:Total revenue function, TR = p*q = (20 - 4q)q = 20q - 4q²Marginal revenue function, MR = dTR/dq = 20 - 8qThe monopolist's profit maximization condition is: MR = MC, where MC is the marginal cost function.In this case, the marginal cost function is given as $4.Therefore,20 - 8q = 4Solving for q, we getq = (20 - 4) / 8 = 2.5Now, substituting the value of q in the demand function, we get:p = 20 - 4q = 20 - 4(2.5) = 10Hence, the monopolist’s profit-maximizing price must be $10.Option (c) is the correct answer.

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If the assets of a business stay the same from one month to the next and the liabilities increase, the
owner's equity will decrease.
True
False

Answers

Falseeeee is the answer

You are given the following information for Bowie Pizza Co. : Sales = $74,000; Costs = $32,700; Addition to retained earnings = $6,700; Dividends paid = $2,280; Interest expense = $5,400; Tax rate = 25 percent. Calculate the depreciation expense

Answers

Operating income = Sales - Costs
Operating income = $74,000 - $32,700 = $41,300

EBIT = Operating income - Interest expense
EBIT = $41,300 - $5,400 = $35,900

Next, we need to determine the taxable income by subtracting depreciation expense from EBIT.
Taxable income = EBIT - Depreciation expense
To solve for depreciation expense, we rearrange the formula:

Depreciation expense = EBIT - Taxable income

We know that the addition to retained earnings was $6,700 and dividends paid were $2,280, which means the net income was:
Net income = Addition to retained earnings - Dividends paid
Net income = $6,700 - $2,280 = $4,420

Using the tax rate of 25 percent, we can calculate the taxable income:
Taxable income = Net income / (1 - Tax rate)
Taxable income = $4,420 / (1 - 0.25) = $5,893.33

Finally, we can calculate the depreciation expense:
Depreciation expense = EBIT - Taxable income
Depreciation expense = $35,900 - $5,893.33 = $30,006.67

Therefore, the depreciation expense for Bowie Pizza Co. is $30,006.67.

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Life orientation grade 10​

Answers

Answer:

Life Orientation is a mandatory subject in the South African CAPS curriculum. It's studied by Senior Phase students in Grades 7-9. During Intermediate Phase, children will study Life Skills.

The CAPS guidance for Life Orientation states that the subject's main focus is the development of self in society. It aims to help learners set goals for themselves, solve problems and improve decision-making strategies. It aims to prepare learners for modern society and help with intellectual, physical, social and emotional growth along with lots more.

Explanation:

There are 5 main topics which are studied in Life Orientation in the Senior Phase:

Development of the self in society - This topic works on self-concept, including motivation and self-image. Learners throughout Senior Phase will also look at subjects such as personal diet and nutrition, peer pressure, relationships and friendships as part of the teaching. This topic will also touch on challenging situations including depression, grief, loss, trauma and crisis. This is so that they are better equipped to deal with these situations if they experience them in the real world.

Health, social and environmental responsibility - This topic area covers things like substance abuse and environmental health issues. There is also time spent on common diseases. Learners will also look at things such as volunteering as a concept as well as dealing with health and safety issues related to violence.

Constitutional rights and responsibilities - This topic has a focus on human rights, religions, cultural diversity and fair play. There's also some time spent on the concept of nation building and relating some of the above focuses to South Africa itself. Gender equity, constitutional values and issues that relate to citizens' rights and responsibilities are all looked at.

World of work - This topic area is all about preparing tour Senior Phase students for further education and life after school. Time is spent on different learning styles and career paths. You'll also spend some time talking about which options are available to them after Grade 9, including appropriate subject choices for their chosen career. You could spend some time talking about different careers and how each member of the class wishes to move forwards.

Physical education - During Life Orientation students are introduced to participating in a fitness programme and are encouraged to play various sports and games throughout Senior Phase. They will also participate in outdoor recreational programmes and learn to refine their performance in movement activities as well as take into account safety issues for each activity.

analyzes which markets are accessible to your company​

Answers

Answer:

How do you analyze a company's market?

These are the seven steps of conducting a market analysis:

Determine your purpose. ...

Research the state of the industry. ...

Identify your target customer. ...

Understand your competition. ...

Gather additional data. ...

Analyze your data. ...

Put your analysis to work.

What should a market analysis include?

What to include in your market analysis. Your market analysis should include an overview of your industry, a look at your target market, an analysis of your competition, your own projections for your business, and any regulations you'll need to comply with.

How do you analyze a company's market?

These are the seven steps of conducting a market analysis:

Determine your purpose. ...

Research the state of the industry. ...

Identify your target customer. ...

Understand your competition. ...

Gather additional data. ...

Analyze your data. ...

Put your analysis to work

Explanation:

MARK A BRAINLESS THIS ANSWER IS CORRECT

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What is the best way to encourage customers to come back to your site?
A.Stalk them.

B.Use direct mail.

C.Post viral videos.

D.Treat them like they're special.

Answers

Answer:

D because they will feel like they are being cared about and will come back

A business that runs a ski resort sees a sudden spike in demand for lift passes. Is the supply of slopes elastic or inelastic? Why?

Answers

Answer:

The supply of slopes at a ski resort is generally considered to be inelastic. This is because the number of slopes available at a ski resort is usually fixed in the short term and cannot be easily changed in response to changes in demand for lift passes. It takes a significant amount of time and investment to build new slopes or expand existing ones, which means that the supply of slopes cannot be quickly adjusted to match changes in demand.

As a result, when there is a sudden spike in demand for lift passes, the ski resort may not be able to increase the number of slopes available to meet that demand. Instead, they may have to ration lift passes or increase prices to manage demand and prevent overcrowding on the existing slopes. This means that the supply of slopes is relatively unresponsive to changes in demand, making it inelastic.

However, in the longer term, the supply of slopes at a ski resort may become more elastic as the resort invests in new infrastructure and expands its operations to meet growing demand. For example, the resort may build new slopes, invest in snow-making equipment, or expand its facilities to accommodate more skiers and snowboarders. These investments can increase the overall supply of slopes and make the resort more responsive to changes in demand over time.

What is the net working capital for a company with current assets of , quick assets of total assets of , current liabilities of and net sales of ?

Answers

The net working capital for a company with current assets of , quick assets of total assets of , current liabilities of and net sales of is Working Capital = Current Assets - Current Liabilities.

An asset is a resource of economic value owned or controlled by an individual, firm, or country with the expectation of future profit. Assets are reported on the company's balance sheet. They are classified as short term, fixed, financial and intangible. So cash is a current asset and the first item on a company's balance sheet.

Cash is the most liquid asset and can be used to easily purchase other assets. Working capital is calculated by subtracting current assets from a company's current liabilities. For example, if a company has current assets of $100,000 and current liabilities of $80,000, its working capital is $20,000.

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Many customers shop at Organic Foods because of the employees' extensive product knowledge. In a SWOT analysis, the employees' high levels of product knowledge are an example of the company's

Answers

Answer:

The answer is Strength

Explanation:

SWOT analysis stands for:

S - Strength

W - Weakness

O - Opportunity

T - Threat.

In the question, strength captures the scenario. Strength is a resource that can be used as a competitive advantage to attract customers. Customers see this strength and they are attracted by it.

Other examples can be, respect, creativity etc.

The last step in the four-stage planning process for projects is _______________.

Answers

The last step in the project's four-stage planning process is d—resource allocation.

What is resource allocation?

Resource allocation involves assigning and managing assets to support an organization's strategic planning goals.

According to economists, resources are scarce and need to be allocated and managed prudently for efficient and effective achievement of goals.

Poor resource allocation impacts negatively on every worthy project. Resources should be allocated strategically.

Thus, we can conclude that the last step in the project's four-stage planning process is d—resource allocation.

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Question Completion with Answer Options:

a. information technology strategy planning

b. business area analysis

c. mind mapping

d. resource allocation

Which of the following is a feature of seed financing? O a. The managerial involvement is very high. The company has to start up all operations Ob Money is used to finance research: The company needs money to finance the development C. Money is used to pay off debtors.

Answers

The correct option is: a. The managerial involvement is very high. The company has to start up all operations .

Seed capital is the cash raised to begin developing a thought for a business or another item.

This funding for the most part takes care of just the expenses of creating a proposition.

In the wake of securing seed financing, startups might approach financial speculators to obtain extra financing.

Some seed capital might come from angel investors — proficient investors who have a high total assets.

A company that is initially starting out may have restricted admittance to funding and different sources. Banks and different investors might be reluctant to invest in light of the fact that it has no set of experiences or laid out history, or any proportion of accomplishment. Many startup executives frequently go to individuals they know for initial investments — loved ones. This financing is alluded to as seed capital.

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After the sale has been completed, what important step still remains for the sales associate to do?​

Answers

Answer:

follow up with the customer after an appropriate amount of time

Explanation:

After the sale has been completed a salesperson's duty is not over. The salesperson must always be in direct contact with the customer and follow him or her up for the various means of business or anything else.

What is the role of a salesperson?

The role of the salesperson is to closely look into the matters up and close and to understand the nature of the sales. The salesperson is very closely attached to the customer and must also hold a great relationship with the customers for sale.

The most important thing is that being a salesperson a person must always have the roles and responsibilities to understand the means of selling the right product to the customers.

The total process involved from convincing the customer to buy the product to selling the product must always be the responsibility of the salesperson. The role of the salesperson must not end there because the salesperson will also have to understand the various ways and means to understand the notion of nature of whether a customer might be interested in any kind of same business propositions.

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a smaller bank is more likely than a larger bank to charge an annual fee for its credit cards. group of answer choices true false

Answers

False. A smaller bank is not necessarily more likely than a larger bank to charge an annual fee for its credit cards.

he decision to charge an annual fee for a credit card is typically based on a variety of factors, such as the bank's marketing strategy, the target audience for the card, and the benefits and rewards associated with the card. While smaller banks may have fewer resources than larger banks, they may also have a different approach to credit card fees. Therefore, it is not accurate to assume that a smaller bank is more likely to charge an annual fee for its credit cards.

The size of a bank does not necessarily determine whether it will charge an annual fee for its credit cards. Factors such as the type of credit card, the benefits offered, and the bank's business strategy play a more significant role in determining the fees. Both large and small banks may offer credit cards with or without annual fees.

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Fashion Design - what are the 3 influences on fashion??

Answers

3 influences on fashion are personal preferences, family, friends, and media.

The three influences are social, economic, and technological.

Fashion design is the art of creating clothing and accessories that are aesthetically pleasing and functional. It takes into account the current trends and cultural influences as well as the tastes of the customer.

The three main influences on fashion are:

1. Social Influences: This refers to how fashion is shaped by the social and cultural values of the time. Trends can be influenced by events, celebrities, and even political movements.

2. Economic Influences: The economy has a significant impact on fashion trends. When the economy is strong, people are more likely to spend money on expensive, luxurious items. On the other hand, when the economy is weak, people may be more likely to buy budget-friendly items.

3. Technology Influences: Technology has greatly impacted the fashion industry. From the advancements in textiles to the ability to produce clothing quickly, technology has enabled fashion designers to create new and innovative styles. Technology has also allowed for recent trends to be quickly disseminated to a global audience.

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The senior managers of Clockence, a clock manufacturing company, have a disagreement about the quantity of inventory to be allotted to each production team. Each of them views the problem differently, but they are willing to discuss it and arrive at the best possible solution. In this scenario, the conflict among the senior managers at Clockence best exemplifies _____.

Answers

Answer:

c-type conflict

Explanation:

A C-type conflict is a conflict that involves/reflects disagreements among members of a team. This kind of conflict mainly focuses on issue-related differences of opinion.

what kind of technology refers as local technology or indigenous technology ?​

Answers

Answer:

Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.

Answer:

Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.

Explanation:

Derek will deposit $7,227.00 per year for 17.00 years into an
account that earns 13.00%, The first deposit is made next year. How
much will be in the account 35.00 years from today? 136704.02
Submit A

Answers

The amount that will be in the account 35 years from today is $1,136,704.02.

Given that Derek will deposit $7,227.00 per year for 17.00 years into an account that earns 13.00%, the first deposit is made next year. The present value of an annuity can be calculated using the formula

PV = PMT * [(1 - (1 + r)-n) / r], where, PV is the present value of an annuity PMT is the annuity payment r is the interest rate n is the number of payments For Derek's deposit, PMT = $7,227.00, r = 13% per year, and n = 17 years. Since the first deposit will be made next year, the present value of the annuity will be the future value of a 17-year ordinary annuity discounted for one year.

Present value of the annuity = PMT * [(1 - (1 + r)^-n) / r] * (1 + r)Present value of the annuity = $7,227.00 * [(1 - (1 + 13%)^-17) / 13%] * (1 + 13%)Present value of the annuity = $56,388.07Now, to find out the amount that will be in the account 35 years from today, we need to find out the future value of $56,388.07 at a rate of 13% per year for 35 years. Future value = Present value * (1 + r)^n Future value = $56,388.07 * (1 + 13%)^35 Future value = $1,136,704.02. Therefore, the amount that will be in the account 35 years from today is $1,136,704.02.

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lollllaoqlqlwlwkwjebsnan

Answers

The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.

Using Conservation of Angular Momentum we can find the new rotation of the earth.

L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.

5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega

-> solve for omega = 7.292115899502489e-05

This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.

the concept of shortage as used by economists refers to a. a situation in which the available resources are not enough to satisfy the wants of the people b. a situation in which an item is available only in very small quantities c. a situation in which price is below equilibrium d. none of the above

Answers

b. a situation in which an item is available only in very small quantities refers to the concept of scarcity as used by economists.

In economic terms, scarcity occurs when the quantity demanded exceeds the quantity supplied.To be in market equilibrium, the quantity supplied must match the quantity demanded,so when this is not the case, there is a surplus or a shortage.The resources we value are time,money labor,tools, land,and raw materials exist in limited supply.There are simply never enough resources to satisfy all of our needs and wants.This condition is known as scarcity.If there is a shortage, the high level of demand will allow sellers to charge more for the good in question,so prices will rise.Higher prices will motivate sellers to offer more of that good. At the same time, rising prices will lower demand.

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on september 1, ziegler corporation had 55,000 shares of $5 par value common stock, and $165,000 of retained earnings. on that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. the general journal entry to record this transaction is:

Answers

The general journal entry to record this transaction is None. No transactions will be recorded.

74,000 common shares at $5 a piece stock

profits kept of $222,000

Corporation had 55,000 shares of $5 par value common stock, and $165,000 of retained earnings.

A company splits its shares two for one.

This transaction's general journal entry will be NONE. For this transaction, there is no journal entry. The 2-for-1 stock split will only be noted in a memo item.

No entry is made because the overall dollar amount stays the same.

A memorandum entry is a brief statement that is both entered into the general journal and a general ledger account. There is no debit or credit amount.

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What continuously changes and provides business solutions to ever-changing business operations?

Answers

A dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.

What is a dynamic approach in business?

It involves an approach that entails a flexible & adaptive attitude towards the company's business model and relies on embedded business networks to reconfigure, develop and adapt the business model to events and changes in the business environment.

The dynamic approach is important because it help to ensure that a business can respond appropriately to changes that may represent both potential opportunities and new threats to its operations.

Therefore, the dynamic approach in business is one that continuously changes and provides business solutions to ever-changing business operation.

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Relationship between technology and technical profession with example

Answers

Answer:

A technical position will use technology. For example, a programmer will utilize computer languages such as Java to write code to run on a variety of devices: cell phones, tablets, and laptops. A knowledge of how thinking and hardware interact is absolutely necessary.

In non-price competition, firms attract customers through advertisement targeting a person's emotions, rituals, senses, social values, or (
• biases
O needs
O fears
O wants

Answers

In non-price competition, firms attract customers through advertisements targeting a person's emotions, rituals, senses, social values, or Option D. wants.

In non-price competition, firms aim to differentiate their products or services from competitors' offerings by focusing on factors other than price. This involves attracting customers through various means, such as advertisements that target a person's emotions, rituals, senses, social values, or wants.

Firms often employ marketing strategies that tap into customers' emotional and psychological desires. Advertisements can evoke specific emotions, such as happiness, nostalgia, or excitement, to establish a connection with consumers. By aligning their products or services with positive emotions, companies aim to create a desire or want for their offerings.

Additionally, the non-price competition recognizes the significance of social values and rituals. Advertisements may emphasize the social benefits or values associated with a product, highlighting how it can fulfill a person's desire for acceptance, status, or belonging within a particular social group or community.

Appealing to customers' senses is another aspect of non-price competition. Advertisements often leverage sensory experiences by showcasing visually appealing imagery, using engaging sounds or music, or emphasizing the taste, smell, or touch associated with a product. By triggering sensory responses, firms can enhance the desirability of their offerings.

Ultimately, the non-price competition aims to go beyond meeting customers' basic needs (option B) by tapping into their deeper wants, desires, and aspirations. By understanding and addressing these wants through effective marketing strategies, firms can differentiate themselves and attract customers based on factors beyond price. Therefore, the correct option is D.

The question was incomplete, Find the full content below:

In non-price competition, firms attract customers through advertisements targeting a person's emotions, rituals, senses, social values, or

A. biases

B. needs

C. fears

D. wants

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It is legal for a lender to charge a prepayment penalty.a. Trueb. False

Answers

True. It is legal for a lender to charge a prepayment penalty, although not all lenders do so. A prepayment penalty is a fee charged by a lender if a borrower pays off their loan early or makes extra payments beyond the agreed-upon amount. The purpose of a prepayment penalty is to compensate the lender for the loss of interest they would have earned if the borrower had continued to make payments according to the original schedule.

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on march 12, fret company sold merchandise in the amount of $8,200 to babson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,700. fret uses the perpetual inventory system and the net method of accounting for sales. on march 15, babson returns some of the merchandise. the selling price of the returned merchandise is $640 and the cost of the merchandise returned is $370. the entry or entries that fret must make on march 15 is (are):

Answers

The Journal entry or entries that fret must make on march 15 is :-

The amount for accounts receivable will the selling price of merchandise returned and for second entry cost of goods sold amount will be the cost of merchandise returned.

A journal entry information a business transaction within the accounting system for an company. journal entries shape the building blocks of the double-entry accounting approach that has been used for hundreds of years to maintain monetary information.

A journal access is the act of keeping or making records of any transactions either monetary or non-monetary. Transactions are listed in an accounting journal that suggests a business enterprise's debit and credit balances. The journal entry can encompass numerous recordings, every of that's both a debit or a credit.

Journal entries report all transactions for a business. Transactions are extensively described as any economic activity that impacts the commercial enterprise. they're now not confined to the shopping for and selling of products and offerings, but include any change of financial value, such as interest payments, depreciation, charges, or payroll.

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on march 12, fret company sold merchandise in the amount of $8,200 to babson company, with credit terms

Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. During July, the following transactions were completed.

July 1 Issued 15,899 shares of common stock for $15,899 cash.
1 Purchased used truck for $11,899, paying $2,105 cash and the balance on account.
3 Purchased cleaning supplies for $937 on account.
5 Paid $2,160 cash on a 1-year insurance policy effective July 1.
12 Billed customers $4,880 for cleaning services.
18 Paid $1,028 cash on amount owed on truck and $540 on amount owed on cleaning supplies.
20 Paid $2,191 cash for employee salaries.
21 Collected $1,634 cash from customers billed on July 12.
25 Billed customers $2,532 for cleaning services.
31 Paid $373 for maintenance of the truck during month.
31 Declared and paid $618 cash dividend.

Journalize the July transactions.

Post to the ledger accounts.

Prepare a trial balance at July 31.


Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(1) Services performed but unbilled and uncollected at July 31 were $1,750.
(2) Depreciation on equipment for the month was $202.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $320 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $415.

Post adjusting entries to the T-accounts.

Cash

7/1
15,899

7/1
2,105

7/21
1,634

7/5
2,160

7/18
1,568

7/20
2,191

7/31
373

7/31
618

7/31 Bal.
8,518

Accounts Receivable

7/12
4,880

7/21
1,634

7/25
2,532















Supplies

7/3
937










Prepaid Insurance

7/5
2,160










Equipment

7/1
11,899

7/31 Bal.
11,899

Accumulated Depreciation-Equipment













Accounts Payable

7/18
1,568

7/1
9,794

7/3
937

7/31 Bal.
9,163

Salaries and Wages Payable













Common Stock

7/1
15,899

7/31 Bal.
15,899

Dividends

7/31
618

7/31 Bal.
618

Service Revenue




7/12
4,880




7/25
2,532













Maintenance and Repairs Expense

7/31
373

7/31 Bal.
373

Supplies Expense













Depreciation Expense













Insurance Expense













Salaries and Wages Expense

7/20
2,191











Problem 4-8A Mike Greenberg opened Clean Window WaPrepare an adjusted trial balance.
Problem 4-8A Mike Greenberg opened Clean Window WaPrepare the income statement for July.
Prepare a retained earnings statement for July. (List items that increase retained earnings first.)
Prepare a classified balance sheet at July 31. (List current assets in order of liquidity.)
Journalize closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)






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