a company charging whatever the market will bear is an example of **strategic pricing**.
This type of pricing strategy aims to set prices based on what customers are willing to pay for a product or service, rather than on the actual cost of producing it. The goal of strategic pricing is to maximize profits by finding the sweet spot between pricing too high and pricing too low. Strategic pricing is commonly used by companies that have a unique or highly desirable product, or that operate in a market where there is little competition. By charging what the market will bear, these companies can capture the maximum amount of profit possible, without losing customers to cheaper competitors. However, strategic pricing can also be risky, as customers may be put off by high prices and turn to alternative products or services.
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Davidson Inc. uses a standard costing system. The following monthly cost functions apply to its manufacturing overhead items:
Overhead Item Cost Function
Indirect materials $1.60 per DLH
Indirect labor $2.60 per DLH
Utilities $1.40 per DLH
Insurance $72,000
Depreciation $288,000
Information for the month of December is as follows:
Actual overhead costs incurred:
Indirect materials $187,200
Indirect labor 216,000
Utilities 86,400
Insurance 79,200
Depreciation 288,000
Total $856,800
Actual direct labor hours worked 72,000
Standard direct labor hours allowed for production achieved 81,000
Carlson uses expected capacity to calculate standard overhead rates. The monthly expected capacity is 75,000 hours.
What is the variable overhead rate.
The variable overhead rate is $5.60 per direct labor hour (DLH).
To calculate the variable overhead rate, we need to divide the total actual overhead costs incurred for the variable overhead items (indirect materials, indirect labor, and utilities) by the total actual direct labor hours worked.
Total actual overhead costs for the variable overhead items:
Indirect materials: $187,200
Indirect labor: $216,000
Utilities: $86,400
Total actual direct labor hours worked: 72,000
To find the variable overhead rate, we sum up the costs for the variable overhead items and divide by the total actual direct labor hours:
Variable overhead rate = (Total actual overhead costs for variable overhead items) / (Total actual direct labor hours)
= ($187,200 + $216,000 + $86,400) / 72,000
= $489,600 / 72,000
≈ $6.80 per DLH
The variable overhead rate for Davidson Inc. is approximately $5.60 per direct labor hour (DLH). This rate represents the average cost per DLH incurred for the variable overhead items, which include indirect materials, indirect labor, and utilities.
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Two large areas of land are connected by a narrow strip of land called a(n):
O isthmus
O estuary
O archipelago
O inlet
Answer:
isthmus
Explanation:
Two large areas of land are connected by a narrow strip of land called an
isthmus.
3. The following figures for a business are available:
$
June 1, 2019
Stock
Creditors
Debtors
Stock
Creditors
Debtors
May 31, 2020
11,590
3,410
5,670
13,425
4,126
6,108
Year to May 31, 2020
Received from debtors
Paid to creditors
45,112
29,375
All goods were bought or sold on credit.
Required:
Draw up the trading account for the year May 31, 2020, deducting any figures that may
be needed.
Answer:
what's the question....
Explanation:
Prompt What is an economy?
Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
your small business has a product that people love and a website that has been linked to by other sites. which factor do these links represent when a search engine is evaluating your site?
When a search engine is evaluating your site, the links from other websites represent a factor known as "backlinks" or "inbound links."
Backlinks are an important aspect of search engine optimization (SEO) and play a significant role in determining the visibility and authority of a website in search engine rankings. Here is a step-by-step explanation of the significance of these links:
1. Authority and credibility: When other reputable websites link to your site, search engines consider these links as votes of confidence or endorsements. The more high-quality backlinks you have, the more authority and credibility your website is perceived to have in the eyes of search engines.
2. Popularity and visibility: Backlinks contribute to the popularity and visibility of your website. Search engines view websites with a higher number of backlinks as more popular and relevant, resulting in better chances of appearing in search results for relevant queries.
3. Traffic generation: Backlinks can drive referral traffic to your website. When users click on a backlink from another site, they are directed to your site, increasing the potential for new visitors and potential customers. The more backlinks you have from relevant and authoritative sources, the higher the potential for increased traffic to your site.
4. Improved indexing and crawling: Search engines use links to discover and index new web pages. When other websites link to your site, it facilitates the crawling process, allowing search engines to find and index your content more efficiently.
5. Anchor text relevance: Backlinks often use anchor text, which is the clickable text within a hyperlink. When the anchor text is relevant to the content on your website, it helps search engines understand the context and topic of your site, potentially improving its visibility for related search queries.
6. Natural link building: Search engines value natural link building, where backlinks are acquired organically due to the quality and relevance of your content. It is important to focus on creating valuable, shareable content that naturally attracts links from other sites, rather than engaging in manipulative or spammy link-building practices.
In summary, the links from other websites represent backlinks, which are a crucial factor in search engine evaluation. Backlinks contribute to the authority, visibility, traffic, and indexing of your website, ultimately impacting its rankings in search engine results pages.
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What is the cost price if the selling price is R12800 and the profit margin is 33\(\frac{1}{3}\) percent
the cost price of the product is 9639.10 if the selling price is R12800 and the profit margin is 33%.
If the selling price of a product is R12800 and the profit margin is 33%, we can calculate the cost price by using the following formula:Cost Price = Selling Price / (1 + Profit Margin)Substituting the given values, we get:
Cost Price = 12800 / (1 + 0.33)
Cost Price = 12800 / 1.33
Cost Price = 9639.10 (rounded to two decimal places)Therefore, the cost price of the product is R9639.10 if the selling price is R12800 and the profit margin is 33%.It is important to note that the profit margin is calculated as a percentage of the cost price, not the selling price. So, if the profit margin is 33%, the cost price is 67% of the selling price
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The basic formula for the price elasticity of demand coefficient is.
Percentage change in quantity demanded/percentage change in price is the basic formula for the price elasticity of demand coefficient.
What is price elasticity?Price elasticity is the degree of an individual that person or a consumer can pay to the change in the price of the commodity, it is calculated the price a consumer is willing to pay versus the amount of quantity supplied to the person.
Thus, Percentage change in quantity demanded/percentage change in price
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The following graph presents the market for keyboards in 2016. Between 2016 and 2017, equilibrium quantity of keyboards remained constant, but the equilibrium price of keyboards increased. Given this information, you can conclude that between 2016 and 2017, the supply of keyboards ___ and the demand for keyboards ____.
Make changes to The graph to illustrate your answer by showing the positions of the supply and demand curves in 2017.
Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag get a little farther
Between 2016 and 2017, the supply of keyboards decreased and the demand for keyboards increased. This would result in an increase in the equilibrium price and a constant equilibrium quantity. The supply curve would shift leftwards and the demand curve would shift rightwards, both relative to the original positions in 2016.
What is equilibrium price?The term "equilibrium pricing" in economics refers to the price at which consumers' willingness and ability to buy an equal amount of an item or service as suppliers' willingness and ability to deliver that same amount. There is neither an excessive supply of goods nor an excessive demand, signalling a market in equilibrium where the forces of supply and demand are balanced. Since buyers and sellers may freely exchange goods and services at the equilibrium price, there are no market pressures to modify the price at that point. Up until a change occurs, such an increase or reduction in supply or demand, the market will continue in an equilibrium condition until it adjusts and finds a new equilibrium price.
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Which of the following statements most closely describes the variation in unemployment rates across countries in Europe?a. Countries with more generous unemployment insurance tend to have lower unemployment rates, but this effect is completely offset if benefits are offered for a longer period of time.b. Countries with higher rates of unionization tend to have higher unemployment rates and this tendency is exacerbated if wage negotiations are coordinated among employersc. Countries with more generous unemployment insurance benefits tend to have higher unemployment rates, but this is partially mitigated if the benefits are offered for a longer period of time.d. Countries with higher rates of unionization tend to have higher unemployment rates, but this is partially mitigated if wage negotiations are coordinated among employers.
The statement that most closely describes the variation in unemployment rates across countries in Europe is option c.
The statement that most closely describes the variation in unemployment rates across countries in Europe is option c. This means that countries with more generous unemployment insurance benefits tend to have higher unemployment rates, but this effect is partially mitigated if the benefits are offered for a longer period of time. The reason for this is that more generous benefits may disincentivize people from actively seeking employment, but if the benefits are offered for a longer period of time, it can give individuals more time to find a job. This is an important factor to consider when designing unemployment policies. It's worth noting that while higher rates of unionization can lead to higher unemployment rates, this effect can be partially mitigated if wage negotiations are coordinated among employers. Overall, it's important to strike a balance between providing support to those who are unemployed while also incentivizing them to seek employment.
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Select the correct answer.
What does the Electronic Fund Transfer Act do?
O A.
It protects banks from malware and hackers.
O B. It establishes consumer rights relating to electronic banking.
• C.
gives the PCI Security Standards Council the right to monitor banks,
O D.
It defines the illegal activities in which hackers engage.
Answer:
Explanation:
establishes consumer rights relating to electronic banking.
Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cost of $20 per order. Bakery A's annual inventory holding cost percentage is 40%. If Bakery A chooses to use the economic order quantity for flour purchases, how many orders will be placed with the supplier each year?
I don't what the answer is but I will look for it
QUICK!! FiRST PERSON TO ANSWER THIS CORRECTLY GETS BRAINLIES
Answer:
I belive it's A.
Explanation:
Becuase often times, they collect and file and that was the only one that really made sense to me. Let me know if im wrong though.
Starting in Vietnam trace the journey of the charging blocks to the store. Make a list. Also, what are the problems that producers and governments must solve? How does this affect you?
The journey of the charging blocks to the store includes manufacturing, shipping, and delivering to the destination.
The charging blocks would need to be approved through immigration and transferred to a storehouse or distribution center once they arrived in the destination country.
To minimize product recalls and other safety issues, manufacturers must ensure that the charging blocks meet high quality and safety standards.
Governments must guarantee that manufacturers follow appropriate legislation and standards, such as those governing safety, environmental protection, and labor rights when delivering to the destination country.
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Explain how international trade, human capital, and physical capital can lead to economic growth.
Answer:
By following points international trade help in human capital and so on
Explanation:
1 International trade increases competition between national and international products
2 It strengthens bilateral and multilateral relationship
3 It enhances employment opportunities and helps in profit from trade sulprus
4 It facilitates specialization in the production of goods and services
5 It encourages national products to increase the quality at lower price.
6. It helps in production firms and companies to expand a large scale due to the entry of their products in international markets
Capital formation leads to the increase rate of savings due to which people can invest their saving in the productive sectors and can earn profit. Capital helps to increase the further wealth. Due to which people can raise their living standards. Country will be prosperous, reduction of poverty takes place in the country, proper mobilization of goods and services will be done properly e.t.c
Hope this helps
Have a great day. Thank you
Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes
This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.
What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.To learn more about engine technology refer
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Why proprietor is crucial in the private organization?
Answer:
A possible main reason for all of these business is to be able to earn profit and increase their market's shares. However, the unlimited liability is more important, the owner's business assets and his or her personal assets will basically be owned by the creditors when the business faces financial losses.
If root 2 = 1.44412 , find the value of root of root 2 minus 1 divided by root 2 plus 1
Answer:
0.7516567698
Explanation:
I have a good caculator!
What is a corporation?
Answer:
a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
Explanation:
hope this helps:)
4.
manager wants to give a pay rise to everyone who is paid less than the average salary.
This table shows the annual salaries of the employees in the company.
Employee
Salary (in £ thousands)
AJ
16
TM
23
WF
23
SW
22
MT
15.5
RD
18.5
JR
20
LS
23
PB
36
Tick all of the employees who are paid less than the median salary.
Answer: AJ, MT, RD, Jr
Explanation:
Given the following data :
AJ - 16
TM - 23
WF - 23
SW - 22
MT - 15.5
RD - 18.5
Jr - 20
LS - 23
PB - 36
Median salary can be calculated thus :
Arranging salary in ascending order of Magnitude :
15.5, 16, 18.5, 20, 22, 23, 23, 23, 36 (£ thousand)
Meduan salary is the 5th figure in the arrangement = £22 thousand
Therefore, those earning less than the median salary are:
AJ, MT, RD, Jr
The physical elements of a computer system are called the hardware
by which process is the glucose absorbed
Glucose and galactose are absorbed across the apical membrane by secondary active transport (along with Na+) through the Sodium-Glucose cotransporter (SGLT1). Both glucose and galactose exit the cell via GLUT2 receptors across the basolateral membrane into the blood.
which statement best explains the relationship between points A and B?
Mildred's Brewing Corp. needs to take out a one-year bank loan of $450,000 and has been offered several different terms. One bank has offered a loan with 12% simple interest that requires monthly payments. The loan principal will be paid back at the end of the year.
Based on a 360-day year, what will be the monthly payment for june? (hint: remember that june has 30 days.) a. $4,400.00 b. $3,666.67 c. $3,483.34 d. $3,116.67
To calculate the monthly payment for June, we need to determine the interest and the principal repayment for that month.
Given:
Loan amount: $450,000
Interest rate: 12% per annum (simple interest)
Loan term: 1 year
Days in June: 30
To calculate the interest for June, we first need to determine the daily interest rate:
Daily interest rate = Annual interest rate / Number of days in a year
Daily interest rate = 12% / 360 = 0.03333% per day
Now we can calculate the interest for June:
Interest for June = Daily interest rate * Loan amount * Number of days in June
Interest for June = 0.0003333 * $450,000 * 30 = $4,500
The monthly payment consists of both the interest and principal repayment. Since this is a one-year loan with principal repayment at the end, the monthly payment is the same throughout the loan term.
To calculate the monthly payment, we divide the total loan amount plus interest by the number of months in a year:
Monthly payment = (Loan amount + Total interest) / Number of months in a year
Monthly payment = ($450,000 + $4,500) / 12 = $37,875 / 12 = $3,156.25
Therefore, the monthly payment for June, considering a 30-day month, would be $3,156.25.
None of the given options exactly match this amount. The closest option is d. $3,116.67.
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The infant-industry argument a. has the support of most economists. b. is based on the belief that protecting industries when they are young will pay off later. c. is based on the belief that protecting industries producing goods and services for infants is necessary if a country is to have healthy children. d. is an argument that is advanced by advocates of free trade.
Answer:
b. is based on the belief that protecting industries when they are young will pay off later.
Explanation:
The infant-industry argument is an international trade theory meant to protect industries in their early stages of development from competition from foreign firms. it is not advanced by advocates of free trade.
the theory postulates that infant indtureist be protected from competiton by various tariffs and laws that would discourage import
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q +0.5Q2. What will happen in the long run if there is no change in the demand curve?
Multiple Choice
a. All firms leave the market to join another industry.
b. Some firms will enter the market eventually.
c. There will be neither entry nor exit from the market.
d. Some firms will leave the market eventually.
In the long run, if there is no change in the demand curve, some firms will enter the market eventually (answer b).
In a perfectly competitive market, firms are price-takers, meaning they have no control over the market price. In this case, the price in the market is $14. To determine what will happen in the long run, we need to consider the cost structure of the firm.
The total cost curve for the firm is given by C(Q) = 10 + 4Q + 0.5Q^2, where Q represents the quantity of output produced by the firm.
In the long run, firms in a perfectly competitive market will enter or exit the market based on whether they can make a profit or not. If firms can cover their costs and make a positive economic profit, new firms will be attracted to enter the market. On the other hand, if firms are making losses, some firms will eventually exit the market.
To determine whether a firm is making a profit or loss, we compare the price with the firm's average cost (AC) curve. In this case, the average cost is calculated by dividing the total cost (C(Q)) by the quantity produced (Q).
If the price is equal to or greater than the average cost (P >= AC), the firm is making a profit. If the price is less than the average cost (P < AC), the firm is making a loss.
To find the average cost in this case, we divide the total cost curve (C(Q)) by the quantity (Q). Therefore, AC(Q) = (10 + 4Q + 0.5Q^2) / Q.
Now, let's compare the price ($14) with the average cost curve (AC(Q)).
If the price is equal to or greater than the average cost (P >= AC), the firm will make a profit and new firms will be attracted to enter the market (answer b).
If the price is less than the average cost (P < AC), the firm will make a loss and some firms will eventually exit the market (answer d).
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when a business records accrued interest expense on a note payable ________.
When a business records accrued interest expense on a note payable, Interest Payable is credited.
What is interest payable ?The amount of interest expenditure that has accrued to date but has not been paid as of the balance sheet date is represented by the liability account known as Interest Payable on a company's balance sheet. In a nutshell, it shows how much interest is still owed to lenders. The amount that a person or business owes a lender at a specific period but hasn't yet paid is known as interest payable.
This means that accrued interest expense can fall under interest payable if it is accrued to a note payable, because a note payable is a liability account.
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Which of the following items is a wardrobe essential for both men and women?
O Khaki pants
O Button-up shirt
O Jeans
O Sneakers
Answer:
Jeans
Explanation:
If you look around you are most likely to see more men than women wearing Khakis and most women don't wear button-up shirts
Sneakers are more worn by men.
Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above
Answer:
all of the above
Explanation:
The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.
Some of the evidence that a writer can use include
Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domainif the government's total revenues are greater than its total expenditures, then it has a budget: a equality. b balance. c surplus. d deficit. e quota.
If the government's total revenues are greater than its total expenditures, then it has a budgetary surplus.
If the government's total revenues are greater than its total expenditures, then it has a budget surplus. A budget surplus is a situation that occurs when a government's total revenues exceed its total expenditures. It is the opposite of a budget deficit, which happens when a government spends more than it earns. A government can use a budget surplus to pay off debt, invest in infrastructure or social programs, or save for future emergencies. The government's budget can be defined as a document that outlines the revenue and expenditure targets of a government in a given fiscal year. The government's budget consists of two components: revenues and expenditures. The revenues are the money earned by the government through taxes, fees, and other sources, while the expenditures are the money spent by the government on various goods and services. The budget surplus occurs when the revenues exceed the expenditures, while the budget deficit occurs when the expenditures exceed the revenues.
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