in the current year, big burgers, inc., expanded its fast food operations by opening several new stores in texas. the company incurred the following costs in the current year: market appraisal ($64,000), consulting fees ($92,100), advertising ($60,100), and traveling to train employees ($39,900). the company is willing to incur these costs because it foresees strong customer demand in texas for the next several years. what amount should big burgers report as an expense in its income statement associated with these costs?
Answers
Should Big Burgers include an expense of $200,000 for these costs on its income statement.
What kind of demand is there from consumers?
Example: Many people attempt to buy homes before the price increase occurs because buyers expect that the cost of housing will rise. This is how rising expectations lead to rising customer demand.
What influences customer demand?
There is a demand once a customer has the motivation, resources, and willingness to purchase the good. Making a product more affordable allows you to increase demand by reducing pricing, but demand cannot be generated unless a buyer initially has a desire.
Briefing:
amount expenses will be,
= Market appraisal + consulting fees + advertising + travelling to train employees
= $50,000 + $72,000 + $47,000 + $31,000
= $200,000
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Related Questions
What is used to identify risks in the market before they become
obvious?
a. market intelligence
b. CI
c. SWOT analysis
d. decision support tools
e. BI
Answers
The answer to the question “What is used to identify risks in the market before they become obvious?” is market intelligence. Market intelligence is the process of collecting, interpreting, and analyzing information about a company's external environment, including customers, competitors, and market trends.
By utilizing market intelligence, companies can identify potential opportunities and risks in the market before they become obvious. Market intelligence is a key tool for companies to stay competitive and make informed business decisions.
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The allocation of general overhead costs to operating departments can be least justified in determining
A. Income of a product or functional unit.
B. Costs for short-term decisions.
C. Costs of products sold and remaining in inventory.
D. Costs for the federal government's cost-plus contracts.
Answers
When calculating the costs of making immediate choices, the distribution of general overhead costs to operating departments might be the least justifiable. Here option B is the correct answer.
General overhead costs are indirect costs incurred by a company that cannot be directly traced to a specific product or service. These costs include items like rent, utilities, administration expenses, and other shared expenses that benefit multiple departments or units within an organization.
When making short-term decisions, such as pricing decisions, discontinuing a product line, or evaluating the profitability of a specific order, it is important to focus on the relevant costs and benefits that directly affect the decision at hand. General overhead costs, being indirect and shared costs, are not typically relevant in short-term decision-making.
Short-term decisions are often based on incremental costs, which are the additional costs incurred or avoided as a result of a specific decision. By including general overhead costs in these calculations, the decision-maker would be burdening the analysis with irrelevant information, leading to potential distortions and incorrect conclusions.
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What can help the organization decrease the need for initial employee training?
A shortage of skill in the labor market
A large, unqualified pool of job applicants
A large pool of qualified job applicants
Recruiting people who are not yet ready to perform the job
Answers
The organization, decrease the need for initial employee training: A large pool of qualified job applicants. The correct option is C.
When an organization has a large pool of qualified job applicants, it means there are many potential employees who already possess the necessary skills, knowledge, and experience to perform the job effectively.
This reduces the need for extensive initial employee training, as these individuals can be onboarded more quickly and begin contributing to the organization's success right away.
In contrast, options a, b, and d (a shortage of skill in the labor market, a large unqualified pool of job applicants, and recruiting people who are not yet ready to perform the job) would likely increase the need for initial employee training, as these scenarios involve hiring individuals who require additional training to acquire the necessary skills and knowledge for their roles.
By focusing on hiring qualified candidates from a large pool of qualified applicants, an organization can significantly decrease its need for initial employee training.
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Complete question:
What can help the organization decrease the need for initial employee training?
a. A shortage of skill in the labor market
b. A large, unqualified pool of job applicant
c. A large pool of qualified job applicants
d. Recruiting people who are not yet ready to perform the job
Of these common qualifications for Energy careers, select those you already have, or would like to gain. Check all that apply.
mechanical knowledge
computer skills
critical-thinking skills
concentration skills
physical stamina
teamwork and communication skills
math skills
Answers
Of these common qualifications for Energy careers, those skills one would like to gain are:
A. mechanical knowledgeB. computer skillsC. critical-thinking skillsD. concentration skillsF. teamwork and communication skillsG. math skills.What skills are important required in the energy sector?Some example of career in energy sector are welder, transmission system operator, wind turbine technician, electrician, surveying technician, water treatment specialist, nuclear power reactor operator, solar panel installer.
The skills that are most attractive to the energy industry include communication, leadership and management and those suitable for project-based working. It is a very dynamic industry where hard graft, team work and understanding of social and environmental responsibilities is expected.
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Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
6. Put yourself in the role of (a) the prosecutor, or (b) the defense attorney, or (c)
the jury at Tucker's trial. What would you have said?
Answers
As the defense attorney (b) in Tucker's trial, I would have argued that the accusations of stealing funds were baseless and that my client's innovative new car posed a threat to the established auto industry, leading to a conspiracy to bring him down.
Tucker's trial was for wrongful accusations of stealing funds during his efforts to form his own automobile company and manufacture an innovative new car, which posed a threat to the established auto industry, leading to a conspiracy to bring him down, as depicted in the movie "Tucker: The Man and His Dream".
As a defense attorney, I would have argued that the accusations were baseless and motivated by the desire to protect established interests, while highlighting the potential of Tucker's innovation to drive progress and benefit society.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Type of energy classified as solids
Answers
In a solid, particles are packed tightly together so they don't move much. The electrons of each atom are constantly in motion, so the atoms have a small vibration, but they are fixed in their position. Because of this, particles in a solid have very low kinetic energy.
demand is ___ when the price change results in a relatively larger change in the quantity demanded
Answers
Answer:
Demand is elastic when the price change results in a relatively larger change in the quantity demanded :3
Explanation:
:3
the spot exchange rate for aud is $.6776. what is the minimum price that a three-month american call option with a strike price of $.6500 should sell for in a rational market? assume the annualized australian interest rate is 1% and the annualized us interest rate is 2%.
Answers
The minimum price for the call option would be $0.0332. The minimum price that a three-month American call option with a strike price of $0.6500 should sell for in a rational market can be calculated using the Black-Scholes option pricing model. This model takes into account various factors such as the spot exchange rate, strike price, time to expiration, and interest rates.
Given the spot exchange rate for AUD is $0.6776, the intrinsic value of the call option would be $0.0276 ($0.6776 - $0.6500). To calculate the time value of the option, we need to consider the time to expiration and interest rates. Assuming an annualized Australian interest rate of 1% and an annualized US interest rate of 2%, we can calculate the time value of the option using the Black-Scholes formula.
The minimum price for the call option would be $0.0332, which is the sum of the intrinsic value and time value. This means that if the call option is selling for less than $0.0332, it would be considered undervalued in a rational market.
In summary, the minimum price that a three-month American call option with a strike price of $0.6500 should sell for in a rational market can be calculated using the Black-Scholes option pricing model. Given the spot exchange rate, time to expiration, and interest rates, the minimum price for the call option would be $0.0332.
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what term is used to describe the outsourcing of logistics?
Answers
Answer:
Third-party Logistics is the term used to describe outsourcing of logistics.
Explanation:
in negotiating a management contract, which party prefers a long-term contract and which party prefers a short-term contract? why?
Answers
In negotiating a management contract, the manager typically prefers a long-term contract, while the client or company may prefer a short-term contract. The manager prefers a long-term contract because it provides job stability, a steady income, and more time to achieve desired results.
In negotiating a management contract, it really depends on the specific circumstances and the goals of each party involved.
However, generally speaking, the party offering the management services would prefer a long-term contract as it provides a stable and consistent source of income for their business.
On the other hand, the party receiving the management services may prefer a short-term contract as it allows for greater flexibility and the ability to reassess and renegotiate the terms of the contract more frequently.
Ultimately, the decision on the length of the contract should be based on the specific needs and goals of both parties.
The client or company may prefer a short-term contract to minimize risk, evaluate the manager's performance, and maintain flexibility in case of changing business needs or goals.
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BMW is ________ the customer experience when it offers 500 side-mirror combinations, 1,300 front bumper combinations, and 9,000 center-console combinations and provides new buyers a video link to watch their car being "born" while waiting for delivery.
Answers
Answer:
Personalizing
Explanation:
By making such offers while customers are waiting for delivery, BMW is personalizing the customer experience.
When we say Personalizing the customer experience we are talking about making designs or producing services and products that meets the customer's requirements individually
Which leadership style works best with groups whose members have a relatively equal status and who know each other well because they have worked together for an extended period
Answers
The leadership style that works best with groups whose members have a relatively equal status and know each other well is a democratic or participative leadership style.
A democratic or participative leadership style is characterized by involving group members in decision-making processes, considering their input, and fostering collaboration. This style is particularly effective in groups where members have a relatively equal status and a strong familiarity with each other due to extended periods of working together.
In such a context, group members likely possess valuable knowledge, expertise, and insights. A democratic leader recognizes and respects the collective expertise of the group, encouraging open communication and active participation from all members. This leadership approach helps foster a sense of ownership, trust, and mutual respect among the group, leading to increased motivation, engagement, and commitment.
By involving group members in decision-making, a democratic leader taps into the collective intelligence and facilitates consensus-building, which is especially beneficial when working with a cohesive group that has a shared understanding and trust in each other's abilities.
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Because he mistakenly believes that older workers are not as motivated to work hard as younger workers, a factory foreman is especially vigilant for signs of laziness among his senior employees. His supervision strategy of seeking out evidence to support his belief that older workers are lazy best illustrates
Answers
The factory foreman's strategy for seeking out evidence to support his belief that older workers are lazy best illustrates confirmation bias.
What is confirmation bias?Confirmation bias is a type of emotional bias where a person seeks out only information that confirms to previously held beliefs. The factory foreman is only seeking for evidence that the older workers are lazy. Thus, he is displaying confirmation bias.
Confirmation bias can be resolved by actively seeking information that does not go in line with previously held beliefs.
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what career cluster do you get to design build and destroy thing
Answers
Answer:
Construction
Explanation:
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
Answers
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.An income statement reports information over a period of time, indicating the financial progress of a business in earning a net income or net loss. (PG 182)
Answers
Answer:
True
Explanation:
An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.
The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.
The cost of producing a low-quality cup is $10. If the producer uses high quality row material it cost the firm $14 to produce a high-quality cup. The both cups look like completely the same and there is no way for Consumers to distinguish between two kind of cups when they make their purchases. There are four firms in the mark producing cups. Consumers value cups at their cost of production and are risk neutral. (a) Will any of the four firms be able to produce high-quality cups with- out making losses? Explain. (7 pts) (b) What happens if consumers are willing to pay $34 for high-quality cups?
Answers
If consumers are willing to pay a high enough price for high-quality cups, then firms would produce high-quality cups to maximize their profits. If the price is not high enough, then firms would only produce low-quality cups to minimize their product costs.
(a)Assuming that all four firms are identical in terms of production costs, and that they all have access to the same market, each firm would produce the type of cup that generates the highest profit.
If the cost of producing a low-quality cup is $10 and the cost of producing a high-quality cup is $14, then a firm would only produce a high-quality cup if the market price is greater than $14.
However, since consumers value cups at their cost of production, the market price for both cups would be $10. This means that no firm would be able to produce a high-quality cup without making losses, as the cost of production is greater than the market price.
Therefore, all four firms would produce low-quality cups to minimize their production costs and maximize their profits.
(b)If consumers are willing to pay $34 for high-quality cups, then the market price for high-quality cups would be $34, as firms would be willing to charge this price as it is greater than their cost of production.
Since the cost of producing a high-quality cup is $14, this means that the profit for each high-quality cup sold would be $20. This would be greater than the profit from selling a low-quality cup, which is $10.
Therefore, each firm would produce high-quality cups to maximize their profits. As a result, all four firms would be able to produce high-quality cups without making losses.
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Which of these terms means "paying to communicate with potential clients about your company"? A. Customer support. B. Marketing. C. Advertising. D. Community outreach.
Answers
Marketing means "paying to communicate with potential clients about your company." The correct answer is option B.
Marketing is the action of selling a product or service. Marketing refers to all of the activities that a company does to increase customer demand for a product or service. This includes advertising, selling, and promoting. Businesses must constantly advertise their products to increase sales, attract new customers, and increase brand awareness. In a nutshell, marketing entails promoting a product or service to consumers.
Marketing is a significant aspect of any business because it helps in expanding the customer base and increasing profits. A company's success depends on how well they can market their products or services. To be effective, marketing must be well-targeted, relevant, and appealing to the target market. A company that markets its goods and services well has a better chance of gaining loyal customers and expanding its reach.
Marketing can take many forms, including advertising, direct marketing, public relations, and online marketing. Marketing activities must be aligned with a company's overall marketing strategy. A well-planned and executed marketing strategy can help businesses achieve their goals.
A strategy will assist you in identifying your target market and how best to communicate with them. In short, marketing is a set of strategies aimed at promoting products or services to consumers through various channels such as advertising, sales promotion, public relations, and direct marketing. Marketing is an essential part of any business, and it helps businesses reach new heights.
Hence, option B is the right choice.
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which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death
Answers
Answer:
30-year decreasing term
Explanation:
Life insurance can be regarded as a form of insurance contract that exist between insurance policy holder as well as an insurer, in this case the insurer pledge some payment of amount of money so that he/she can get premium whenever the insured person dies. It should be noted that a 30-year decreasing term life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death
What is a major function of the public sector
Answers
Answer:
Public sector provides many services such as; education, health and social care.
Which economic group in the U.S. is likely to benefit the most from falling oil and gas prices?
Why?
Answers
Answer:
i make a lot of gas so the prices can go down for everyone
Explanation:
A voluntary petition for bankruptcy must include : I. A list of all secured and unsecured creditors II. A list of all assets of the debtor III The name of the appointed trusteePossible Answers:I onlyI and III and IIII, II and III
Answers
A voluntary petition for bankruptcy must include a list of all assets of the creditors and the name of the appointed trustee Possible.
A person can benefit from filing for bankruptcy by getting rid of debt or by creating a repayment plan. The debtor often files a plea with bankruptcy court to start a bankruptcy proceeding. A petition may be submitted by an individual, a couple filing jointly, a business, or another type of legal body. The U.S. Bankruptcy Code stipulates the procedures for handling all bankruptcy matters in federal courts. When you apply for bankruptcy protection, the court will grant you a discharge, freeing you from the duty to pay back some of your debts to your creditors. As mentioned, once your loan is dismissed, your creditors are prohibited from contacting you or making any sort of effort to collect the bill.
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Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answers
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
A coffee company decides to add some new flavors to its current house blend. How did this company change their product mix? Developing a new product Line extension Deleting a product Product modification
Answers
Product development focuses on bringing new products to a market that already exists. Entering a new market with entirely new products is known as diversification.
What is the main objective of diversification?By distributing investments among different financial instruments, industries, and other categories, diversification is a technique for lowering risk. It aims to maximize return by investing in various sectors that ought to respond to changes in market conditions differently.
Product diversification is a strategy used by a company to boost profitability and achieve higher sales volume from new products. Diversification can take place at the corporate level or at the business level. When a company enters a new industry that bears significant similarities to one or more of its current industries, related diversification takes place. Disney's acquisition of ABC illustrates related diversification because movies and television are both forms of entertainment.
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in 2024, ryan management collected rent revenue for 2025 tenant occupancy. for financial reporting, the rent is recorded as deferred revenue and then recognized as revenue in the period tenants occupy rental property. for tax reporting, the rent is taxed when collected in 2024. the deferred portion of the rent collected in 2024 was $146.0 million. the tax rate is 25%. suppose the deferred portion of the rent collected was $64 million at the end of 2025. taxable income is $580 million. prepare the appropriate journal entry to record income taxes in 2025.
Answers
The appropriate journal entry to record income taxes in 2025 for Ryan management includes:
Debit to Income tax expense for $145,000,000Credit to Income tax payable for $145,000,000.What are steps to determined the journal entry?In order to record income taxes in 2025, we first need to calculate the amount of taxable income. The taxable income is given as $580 million. Now, we need to determine the portion of the deferred rent that was recognized as revenue in 2025 which is calculated as follows:
= Deferred rent at end of 2025 - Deferred rent at end of 2024
= $64 million - $146 million
= -$82 million
As the deferred rent recognized as revenue is negative, it means that the entire amount of deferred rent collected in 2024 was recognized as revenue in 2024 and none was recognized in 2025.
The income tax expense for 2025 is calculated as a percentage of the taxable income. The tax rate is given as 25%. Therefore, the income tax expense for 2025 is calculated as:
= Tax rate x Taxable income
= 25% x $580 million
= $145 million
Therefore, in order to record the income tax expense, we will make the following journal entry at the end of 2025 which are Income tax expense of $145,000,000 and income tax payable of $145,000,000. This journal entry records the income tax expense for 2025 and establishes a liability for the income tax payable.
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Type the correct answer in the box. Spell all words correctly.
What is an example of using a transaction processing system to process data immediately?
transactions are a perfect example of the transaction processing system.
Answers
POS systems for inventory management is an example of using a transaction processing system to process data.
Transaction is an agreement, or verbal exchange, between a consumer and seller to trade items, services, or assets for payment. Any transaction entails a change in the popularity of the budget of two or greater groups or individuals. A transaction is a business event that has a economic effect on an entity's economic statements, and is recorded as an entry in its accounting statistics. Examples of transactions are as follows: Paying a provider for services rendered or goods added. Accounting transactions refer to any business pastime that outcomes in a direct impact on the economic repute and monetary statements of the commercial enterprise. Such transactions come in many paperwork, including: income in coins and credit score to customers. Receipt of cash from a patron by means of sending an bill
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What are the basic points to be considered while running the occupation? for each of them
Answers
Answer:
interest
qualification
skills
finance