Outlet stores offer general stuff at a reduced price that is sold directly from the manufacturer; certain items may have been discontinued or have manufacturing defects.
Customers might get daily deals and lower pricing at an outlet store. Outlet stores actually started out as locations where merchants offered discounted or damaged goods for sale. Outlets have evolved into stores that satisfy consumer demand for name-brand goods that are reasonably priced and of high quality. In contrast, a retail store's purpose is to sell high-quality goods at retail prices, therefore there aren't many discounts unless there is a sale or special occasion. The quality of the products sold at an outlet store is related.
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which business orientation best characterizes the period of time when businesses began utilizing technology and production techniques, such as assembly lines, to manufacture products in a more efficient manner?
Production orientation characterizes the period of time when businesses began utilizing technology and production techniques, such as assembly lines, to manufacture products more efficiently.
A business strategy known as "product orientation" concentrates on a company's products as a way to represent the brand. It's a form of market orientation in which businesses put customers' requirements ahead of other considerations.
Product-oriented business leaders frequently make significant investments in R&D for new products and product lines.
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based on the following information, calculate net income for dana's dress shop using the traditional format. sales $360,000 gross margin $140,000 contribution margin $110,000 total selling
The net income for dana's dress is $80,000.
Net income = gross margin - total selling and administrative expenses = 140,000-60,000 = $80,000
The term “income” usually refers to the amount of cash, assets, and other transfers of the value obtained over a fixed time period in trade for services or products. There may be no single, well-known definition: profits are defined according to the context in which the concept is used.
Income is the money received by someone (individuals or commercial enterprise) periodically on the day by day, weekly, monthly, or yearly basis. income consists of financial in addition to non-monetary values of allowances and perquisites. All income is taxable underneath earnings tax until expressly exempted.
Diverse combos of income assets can be used to derive this category. As an instance, to the most unique degree, the profits resources are combined into 5 additives: wages and salaries, self-employment earnings (farm and non-farm), government transfer payments, funding income, and other profits.
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zachary meyers is a forensic scientist. his monthly salary is $4,397. what is zachary's annual salary?
Zachary earns $52,764 a year in income.
Any firm, whether it is a major corporation or a small business, must make a critical decision on the pay schedule. It can influence the talent you draw and the long-term costs your company will face. Both you and your staff will gain from the proper compensation plan.
Given, monthly salary = $4,397
So, Annual salary = $4,397 x 12 = $52,764
Paychecks are issued twice a month under a semi-monthly pay schedule, typically on set days like the 1st and 15th or the 15th and 30th. However, they might not always fall on the same day of the week. As a result, you would only pay your employees 26 times a year as opposed to 24.
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a(n) is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.
A Transaction is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.
What is Transaction ?An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate book keeping. Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later. A transaction entails the exchange of money for a good or service. In terms of corporate accounting, transactions can provide a little bit more of a challenge.
Regardless of when payment is received or paid, accrual accounting records a transaction as soon as it is complete. Smaller businesses tend to employ cash accounting, which only records transactions when cash is received or dispersed. dealings with third parties.
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you make no sense like at all
Answer: thank you I don't know why but i will take that compliment
jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction by completing the following sentence. jackson would decrease (expenses/cash/revenues) and increase (expenses/equity/revenues) in the accounting equation.
Based on Jackson's programming paying rent of $500 cash the effect on the accounting equation is Jackson would decrease cash and increase expenses in the accounting equation.
How are expenses treated?When a company incurs an expense such as rent, this goes to the Rent account and will increase it.
On the other hand, because the amount that will be used to pay off the rent will be taken from cash, the cash account will decrease.
In conclusion, expense will increase and cash will decrease.
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the harrison act required any person in the business of dealing in drugs covered by the act was required to register annually and pay a special annual tax of .
The Harrison act required any person in the business of dealing in drugs covered by the act was required to register annually and pay a special annual tax of $1.
The Harrison act also known as the Harrison Narcotic Act of 1914 is a federal law passed by the United States. It was passed as a measure to control narcotics trafficking. Its main agenda is to regulate and tax the production, importation, and distribution of opiates and coca products. It imposed a special tax on all persons who produce, import, manufacture, compound, sell, or give away opium or coca leaves.
The Harrison act was proposed by the Representative Francis Burton Harrison of New York. The act approached control through a revenue path. This path required those involved in narcotics to report it to the Internal Revenue Service (IRS) and pay taxes.
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the net present value (npv) method assumes that cash flows will be reinvested at the weighted average cost of capital (wacc), and the internal rate of return (irr) method assumes reinvestment at the irr
Internal rate of return (IRR) is a metric used in financial analysis to estimate the potential profitability of an investment. IRR is the discount rate that drives the net present value (NPV) of all cash flows to zero in a discounted cash flow analysis.
IRR calculation is based on the same formula as NPV. Note that the IRR is not the actual dollar value of the project. It is the annual returns that drive the NPV to zero.
In general, the higher the internal rate of return, the better to invest. Because IRR is consistent across different types of investments, it can be used to rank multiple potential investments or projects relatively evenly.
In general, when comparing investment options with other similar characteristics, the investment with the highest IRR may be considered the best.
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plico acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. plico uses the double-declining balance method. if the equipment is purchased on september 1, 20x2, then first-year depreciatrion is:
The first year's depreciation is $35,000.
What Is the DDB Depreciation Method (Double-Declining Balance)?
The lowering balance method, also known as the double-declining balance depreciation (DDB) approach, is one of two popular ways a company will often account for the cost of a long-lived asset.
When opposed to straight-line depreciation, The double-declining balance depreciation method accelerates depreciation and counts as an expense more quickly than the method that uses the same amount of depreciation each year over an asset's useful life.Similar to the falling balance approach, the double-declining method doubles the rate of asset depreciation.
In commercial accounting, an accelerated depreciation computation known as the double-declining balance (DDB) approach is employed.
Specifically, compared to the conventional declining balance technique, the DDB method depreciates assets twice as quickly.
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as a stockholder in bozo oil company, you receive its annual report. in the financial statements, the firm has reported assets of $9 million, liabilities of $5 million, after-tax earnings of $2 million, and 750,000 outstanding shares of common stock. quizlet
The earnings per share of Bozo Oil's common stock will be $2.67 i.e.,
(2,000,000/750,000).
What's Earnings per share?
Earnings per share (EPS) is a employer's net earnings divided with the aid of the wide variety of not unusual shares it has outstanding. Earnings per share indicates how much money a employer makes for every proportion of its inventory and is a extensively used metric for estimating corporate fee.
Is a high Earnings per share ratio excellent?
If the organization has preferred dividends it must pay out, you'd subtract those from the profits. A high Earnings per share way that the organization carried out properly all through the earnings period, and traders are willing to pay extra for its shares, making it greater treasured to existing buyers.
Is Earnings per share same as dividend?
Earnings per share and dividends aren't the equal. profits in step with percentage is a calculation that displays a employer's profitability on a shareholder foundation, while dividends constitute money paid to shareholders.
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the performance of business activities designed to plan, price, promote, and direct the flow of a company’s goods and services to consumers or users in more than one nation for a profit is known as marketing.
We can actually deduce here that it is true that the performance of business activities designed to plan, price, promote, and direct the flow of a company’s goods and services to consumers or users in more than one nation for a profit is known as marketing.
It is actually international marketing.
What is marketing?Marketing is actually known to be the business activities that involves creating and delivering value to the target market. These values created and delivered by the company must resonate on their goods and services.
We see here that a good marketing strategy will definitely increase the the sales volume of the company.
Thus, the above statement is true.
The complete question is:
The performance of business activities designed to plan, price, promote, and direct the flow of a company’s goods and services to consumers or users in more than one nation for a profit is known as marketing.
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the 1-page marketing plan: get new customers, make more money, and stand out from the crowd free pdf
Building your brand; The one-page marketing strategy: gain more clients, earn more money, and differentiate yourself from the competition.
What do you mean by marketing plan?A comprehensive business plan could include a marketing strategy. A well-written marketing plan must start with a strong marketing strategy in order to accomplish goals. While a marketing strategy includes a list of tasks, it is of little use to a business without a strong strategic base. A marketing plan is a thorough report or blueprint that describes the advertising and marketing strategies to be used in the upcoming calendar year. It covers the commercial operations involved in achieving particular marketing goals within a predetermined time frame. A marketing strategy also contains a discussion of the target market, a description of the target market, and a description of the marketing mix that will be used by the company to meet its marketing objectives.
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to effectively segment a market, you should ensure that the segments are relatively blank , at least in terms of prospective buyers' needs and response to marketing.
To segment a market effectively, you should make sure the categories are fairly homogenous, at least in terms of the demands of potential customers and how they react to marketing.
Organizing potential customers into groups or segments with comparable demands and responses to marketing actions is referred to as market segmentation in marketing. Market segmentation helps businesses to target various customer groups who view the entire worth of particular goods and services in a variety of ways.
By identifying the items that are most likely to capture a portion of a target market and the most effective channels for marketing and distributing those products, market segmentation aids businesses in reducing risk.
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why was gutenberg's printing press such an important invention? paper had become too expensive. paper had become too expensive. explorers were able to navigate more easily. explorers were able to navigate more easily. merchants could sell their goods for more money. merchants could sell their goods for more money. books could be printed faster and easier.
The printing press created by Gutenberg was significant because it made it possible to produce books more quickly and easily.
Inventions like Gutenberg's printing press are significant because
It allowed for the inexpensive production of a large number of books.
These books could be obtained by a larger audience.
Many people found it easier as a result to learn to read and write. This printing press made it possible for people to transmit information more quickly and easily.
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if a manager finds a severe decline in employee morale and direction, he or she may need to spend more time in the role.
A manager may need to spend more time in the leadership position if they notice a sharp fall in staff morale and motivation.
What is a leadership role ?When a group of individuals is working together to attain a common objective, leadership is a crucial component that is needed. When the team leader recognizes an employee's hard work, it gives them more confidence. Employees look to their team leader for motivation. If you want to become a better leader or if you want to strive toward a leadership position in the future, you might be interested in learning more about success. In this post, we go through the definition of a leadership role, examples of it, the seven functions of leadership, and some attributes a leader ought to possess.
A leadership position requires you to successfully and ethically manage a situation, a team, or an entire company. Leaders are capable of influencing and directing their team toward a common goal. Additionally, they are in charge of fostering and preserving employee morale, assisting staff in realizing their full potential, and encouraging loyalty.
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over the past several years, sushi has become increasingly popular among consumers. this means that the sushi has
Over the past several years, sushi has become increasingly popular among consumers. This means that the DEMAND sushi has INCREASED.
What happens when a product is increasingly popular?An increasingly popular product means that a product is now being demanded more by consumers.
This means that the demand for the product has increased in the market. If sushi is now more popular, then it means that the demand for sushi has increased. The result of this is that more companies will enter into the market to make sushi.
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collins, j. c. (2001). good to great: why some companies make the leap ... and others don't. new york, ny: harperbusiness.
Collins, j. c. (2001). good to great as: It took Jim Collins and his team of researchers five years to came with the answers: 11 companies made the leap from good to great and then sustained those results for almost 15 years.
How great was great?The good-to-great companies averaged cumulative stock returns 6.9 times the general market in the 15 years after their transition points.
What does Harper Collins own?Harper Collins Publishers LLC is one of the Biggest Five English-language publishing companies, alongside Penguin Random House, Simon & Schuster, Hachette, and Macmillan. The company has it's headquartered in New York City and is a subsidiary of News Corp.
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In order to add value to its business activities Sports Tours Ltd is considering two
options:
Option 1: using professional sports venues for tournaments
Option 2: providing teams with top class coaching when on tour.
(c) Justify which one of these two options Sports Tours Ltd should choose.
Answer:
Explanation:
Option 2 would be your answer.
Providing teams with top class coaching when on tour adds capital value to its business because you are hiring new employees which raise the value of a company. Using professional sports venues for tournaments would not add value to their business because they are not buying those venues and adding it to their business.
A dividend end pays $65 of a $3000 stock price. what is the percent the dividend pays? 5.5% 2.2% 3.8% 1.7% 4.2%
Based on the dividend paid, and the stock price, the percentage paid by the dividend is 2.2%
What percentage is paid by the dividend?The percent that the dividend pays can be found as:
= Dividend amount / Stock price x 100%
Solving gives:
= 65 / 3,000 x 100%
= 2.16%
= 2.2%
In conclusion, the dividend paid 2.2%.
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a $100,000 manufacturing tooling machine with a useful life of five years can be sold at the end of its useful life for $0. which depreciation method would depreciate the manufacturing tooling machine to a salvage value of $0 faster?
The depreciation method would depreciate the manufacturing tooling machine to a salvage value of $0 faster is Systematic and rational allocation.
To calculate depreciation the use of the directly-line approach, subtract the asset's salvage fee from what you assume it to be worth on the cease of its useful existence from its value. The result is the depreciable foundation or the amount that can be depreciated. Divide this quantity through the variety of years in the asset's beneficial lifespan. To calculate depreciation using a straight-line basis, virtually divide the internet charge buy price less the salvage charge by using the wide variety of beneficial years of lifestyles the asset has.
The double-declining balance method is a sort of elevated depreciation approach. in preference to dividing the value of an asset lightly among accounting durations, this approach shifts large depreciation prices towards the start of the asset's beneficial lifestyle so prices decrease as the asset nears its salvage fee. the age of the asset whilst bought, how often the asset is used, and the environmental conditions of the commercial enterprise that bought the asset.
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this event celebrated america’s recent spate of inventions as well as its industrial and economic growth.
The Chicago World's fair celebrated america’s recent spate of inventions as well as its industrial and economic growth.
What was the significance of the Chicago World's fair?In 1893, the world's fair World's Columbian Exposition was held in Chicago in order to celebrate the 400th anniversary of Christopher Columbus' arrival in the New World in 1492.
The centerpiece of the World's Fair was held in Jackson Park which was a very large water pool. It represents the voyage Columbus that took to the New World.
Basically, the Columbian Exposition is also known as the Chicago World's Fair.
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in essence, entrepreneurs are , upending the status quo. answer unselected disrupters unselected cooperators unselected supporters unselected enablers unselected i don't know yet
In essence, entrepreneurs are disrupters upending the status quo. Entrepreneurs are catalysts who create change by upending traditional ways of doing things.
Entrepreneurial repute was defined as being energetic as an entrepreneur at the time of the survey. We described marketers because of the founders of a project who have been currently additionally in fee of that assignment. An entrepreneur is a person who creates a new commercial enterprise bearing most of the risks and enjoying maximum rewards. The process of putting in place an enterprise is referred to as entrepreneurship.
The entrepreneur is normally visible as an innovator a supply of the latest ideas items offerings, and enterprises or tactics. maximum of the time, it comes down to three words talent era, and traction. this is a framework I take advantage of myself and it is how my enterprise evaluates its acquisitions. companies that check those three containers are more likely to get funding and, extra importantly more likely to be successful.
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love to learn daycare is over budget. which is the easiest category in which to cut costs? miscellaneous payroll rent utilities
Love it or hate it, keeping a balanced budget is one of the most crucial aspects of running a daycare.
No matter how excellent the service you offer is, your company will not be able to exist if you do not make more money than you spend.
You can understand exactly where your money is going and identify ways to be more efficient with careful planning and maintaining an eye on your finances. Having a system that you can use and that shows information in a way you can easily comprehend is crucial. The majority of the money you make as a child care provider comes from the parents of the children who are enrolled in your program.
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Assume that sugar is initially traded freely in the us at the world price of $20 and at this world price the us imports 5,000 units of sugar. Then assume that the us enacts a quota of 2,000 units of imported sugar that raises the domestic price of sugar to $45. What is the most amount of revenue that the government can generate if it combines this quota with a licensing fee?.
The most amount of revenue that the government can generate if it combines this quota with a licensing fee is $50,000
Revenue
The total amount of income earned by the sale of goods and services connected to the principal operations of the firm is referred to as revenue in accounting. Commercial revenue is often known as sales or turnover. Some businesses make money by charging interest, royalties, or other fees. Profits, also known as net income, are generally defined as total revenue less total expenses in a particular period.
A quota is a quantity-reduction strategy imposed by the government on the number of commodities bought and sold. If the government establishes a quota of 2 million barrels, both consumers and producers must limit consumption and output to that level.
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review how organizations interact with their external environment (as open systems). evaluate the effectiveness west chester private school (wcps) as an open system at the time of the closure
The current world is marked by the uncertain and changing organizational environment of information. Most administrators are not equipped with the skills of understanding that the future is highly unpredictable. Indeed, the relationships and the events as they happen in the systems of society such as schools cannot be predetermined. In modern school environments full of uncertainty caused by numerous connections and different options, it is difficult for administrators to determine and expose potential problems and opportunities using traditional methods.
An open system in any organization allows the exchange of information with its environment. An open system is always under the scrutiny of the external environment, and the organization is not at liberty to control its behavior without consultation. Numerous factors affect an organization, including environmental conditions such as the availability of raw materials, customer demands, and local and federal regulations. Therefore, it is prudent that we understand how the above-mentioned forces affect an organization to explain the internal behavior of the organization.
The most common characteristic of open systems is that they display a hierarchical ordering. In the case of the West Chester Private School (WCPS), the following can be said about its effectiveness as an open system during closure. The interaction of West Chester Private school and the external environment as an open system during the closure of two of its Phoenix locations was poor and ineffective. The closure was abrupt because the parents were not given prior information before the school administration closed the institution.
The parents complained that they had not prepared to take their children to other schools. They even appealed to the institution to raise the amount of tuition fee in case the issue emanates from financial constraints. Secondly, the administration had earlier plans to close the Phoenix campuses because of low student registration, but despite their plans, they gave.
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hich would be most helpful when considering a large expenditure that might require repeating payments? select three options.careful consideration of short-term goalsrecording the number of assets you currently owncreating a budget to consider future income and spendinglearning more about different kinds of accounts to manage moneylearning about op
The options that would be most helpful when considering a large expenditure that might require repeating payments are-
Careful consideration of short-term goals
Creating a budget to consider future income and spending
Learning about opportunity cost.
When a person wants to consider a recurring payment based on the use of large expenditure, he must check the short term goals, create a budget and learn about opportunity cost.
What does recurring payment mean?
"Recurring payment is a payment model where the customers authorize the merchant to pull funds from their accounts automatically at regular intervals for the goods and services provided to them on an ongoing basis."
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Business Assignment. 10) Explain 5 factor that managment of a business should consider before buying an office machine?
Price, function, quality, security and profitability are the 5 factor that management of a business should consider before buying an office machine.
A business is defined as an organization or enterprising entity engaged in commercial, commercial, or professional activities. Businesses may be for-income entities or non-income agencies. Commercial enterprise sorts variety from confined legal responsibility organizations to sole proprietorships, organizations, and partnerships.
Businesses help the society first through the distribution of products and offerings which can be critical for survival. Moreover, they create employment opportunities that assist individuals in the society earn an earnings to manage to pay for their wishes.
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a health insurance policy applicant unintentionally failes to list a previous visit to a neurologist if the policy is issued and the insurer later decideds
A health insurance policy applicant unintentionally fails to list a previous visit to a neurologist. If the policy is issued and the insurer later decides to contest the policy, it must do so within 2 years from the date of issue.
What is an insurance policy?An insurance policy can be defined as a policy that is taken with respect to the payment of medical bills. The client usually pays the premium amount for which he or she gets an insurance policy.
According to the rules and regulation that is being provided, the Health Insurance Company could accept the detail that was missed unintentionally by the applicant. But this must be done within 2 years from the date of issue of the insurance policy.
If after that it is being told about or is given the information it won't be included in the policy and the person needs to pay from his own pocket and the insurance won't be covering it.
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The question is incomplete the complete question will be:
A health insurance policy applicant unintentionally fails to list a previous visit to a neurologist. If the policy is issued and the insurer later decides to contest the policy, it must do so within _____
. smith inherits a ranch in the midwest and without having seen it, wants to sell it. which is the best deed he can use to convey the ranch with the least liability to himself? select one: a. general warranty b. bargain and sale c. quitclaim d. trustee's deed
Mr. Smith can use quitclaim as the best deed to convey the ranch with the least liability to himself. Hence, Option C is correct.
What do you mean by quitclaim?In general, a quitclaim is a formal renunciation of a legal right to land or of a claim against another person. A person who quitclaims transfers a legal interest in land or renounces or relinquishes a claim to some legal right.
The least amount of buyer protection is provided by a quitclaim deed, which is typically used for title transfers within families or to fix a title issue.
Hence, Mr. Smith can use quitclaim as the best deed to convey the ranch with the least liability to himself. Option C is correct.
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Having a savings account can contribute to a person’s overall financial well-being. Which one of the following is not a benefit of maintaining a savings account?.
Having a savings account gives individuals the ability to borrow money from members in the community
The Right Response is Option CA savings account, which allows you to deposit money and often yields a reasonable rate of interest, is a crucial type of financial tool. These federally insured accounts offer a secure place to store your money while earning interest, up to per account owner.
What functions does a savings account serve?
Open a savings account if you wish to put money away for upcoming goals and needs. For safety and to earn interest on your balance, you can put money in savings accounts. You can open these accounts with a bank or credit union.Learn more about savings account, click here.
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Complete Question - Having a savings account can contribute to a person s overall financial well-being. Which one of the following is NOT a benefit of maintaining a savings account?
a. A savings account provides security in tough financial times
b. With a savings account, you can invest when the opportunity presents itself
c. Having a savings account gives individuals the ability to borrow money from members in the community
d. A savings account allows an individual to fulfill life long dreams