There are several pricing strategies approaches that PrintUp can explore to determine the most suitable one for its business.
1. Cost-plus pricing - PrintUp could set prices based on the total cost incurred in producing and distributing its products. The advantage of this approach is that it is easy to calculate, and the company can be assured that it will make a profit on each sale. However, the disadvantage is that it doesn't take into account customer demand and competition.
2. Value-based pricing - PrintUp could set prices based on the perceived value of its products in the market. This approach takes into account the quality of the product, customer demand, and competition. The advantage of this approach is that it allows the company to charge a higher price for higher-quality products. However, the disadvantage is that it requires a deep understanding of the customer and market to determine the right price.
3. Penetration pricing - PrintUp could set a low price for its products to enter the market and attract customers. The advantage of this approach is that it can help the company gain market share quickly. However, the disadvantage is that it can create an expectation among customers that the product is low quality.
Based on these approaches, I would recommend that PrintUp adopt a value-based pricing strategy. This is because it takes into account the quality of the product, customer demand, and competition. It allows the company to charge a higher price for higher-quality products. Additionally, the company should research its competitors to determine a competitive price point and adjust its pricing accordingly.
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Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
per month for 6 months and the remaining balance in month 7. How much will Linda pay back in 6 months, and
what will the amount of her final payment be?
HELP PLEASE
Answer:
In six months, Linda will pay : $480
Final payments :$819
Explanation:
The monthly payments are $80 for six months.
For six months, Linda will have paid $80 times six months
=$80 x 6
=$480
The amount for her final payments will be the total of the two items minus the installment payments
=$1,299 - $480
=$819
Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as
Answer: accruing unpaid expenses
Explanation:
Name three operations for which a Department of Human Resources would be responsible.
Answer:
Human resource departments are responsible for activities spanning a wide variety of core functions. In short, human resource activities fall under the following five core functions: staffing, development, compensation, safety and health, and employee and labor relations.
Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container’s cost. They receive a refund when the container is returned. During 2018, deposits collected on containers shipped were $916,000. Deposits are forfeited if containers are not returned within 18 months. Containers held by customers at January 1, 2018, represented deposits of $546,000. In 2018, $804,000 was refunded and deposits forfeited were $43,750. Required: 1. Prepare the appropriate journal entries for the deposits received and returned during 2018. 2. Determine the liability for refundable deposits to be reported on the December 31, 2018, balance sheet.
Answer: Please see answer in the explanation column
Explanation:
a) To record Deposit Collected
Account Debit Credit
Cash $916,000
Liability—refundable deposits $916,000
b) To record Deposit Returned
Account Debit Credit
Liability—refundable deposits $804,000
Cash $804,000
c) Deposits Forfeited-- To record forfeited deposits
Account Debit Credit
Liability—refundable deposits $43,750.
Revenue—sale of containers $43,750.
d) To record adjustment of inventory on deposits forfeited
Account Debit Credit
Cost of goods sold $43,750.
Inventory of containers $43,750.
2)liability for refundable deposits to be reported on the December 31, 2018, balance sheet.
Balance on January 1 $546,000
Deposits received +$916,000
Deposits returned -$804,000
Deposits forfeited - $43,750
Balance on December 31 $614,250
malcolm has filed a claim for benefits under his disability policy. his insurer wants him to have a physical examination to back up his claim. which of the following is true?
It is common for insurers to require a physical examination as part of the claims process for disability insurance. This helps the insurer verify the claim and ensure that the individual meets the requirements for coverage under their policy. Therefore, it is likely that Malcolm will need to undergo a physical examination in order to support his claim for benefits.
It is common for insurance companies to require a physical examination to verify a claim for disability benefits of insurer. The purpose of the examination is to evaluate the nature and extent of the disability and to determine whether it meets the criteria for coverage under the policy.
If Malcolm wants to pursue his claim, he may be required to undergo the examination. However, he may want to consult with his own doctor and review his policy to ensure that the examination is necessary and appropriate. Additionally, he may want to consider seeking legal advice if he encounters any issues or disputes with the insurance company.
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indicate which products are most likely to be considered as a job and which as a job lot.
The terms "job" and "job lot" are typically used in the context of inventory management and refer to different ways of categorizing products.
A "job" typically refers to a specific product or item that is distinct and unique. It may involve customized or specialized manufacturing processes or have specific customer requirements. Jobs are often produced individually or in small quantities, and they require specific attention and resources. Examples of products that can be considered as jobs include customized machinery, made-to-order furniture business, or tailor-made clothing.
On the other hand, a "job lot" refers to a group or batch of products that are similar and can be produced or sold together. Job lots often involve standard or mass-produced items that are manufactured or sold in larger quantities. Examples of products that can be considered as job lots include standardized components, packaged goods, or wholesale merchandise.
The categorization of a product as a job or job lot depends on its characteristics, production processes, and market demand. Customization, uniqueness, and specific customer requirements are often associated with jobs, while standardization, quantity production, and bulk sales are typical features of job lots.
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Corporate executives often object to the use of open-source software because it lacks formal technical support, even though information and solutions regarding the software are usually readily available online.
A. True
B. False
Answer:
A. True
Explanation:
When the open source software used by the corporate executives so it would be lead to the lacking of technical support i.e. formal also the information and its solutions would be available online
So the given statement is true as the open source software deals with the source code that should be released in a license where the copyright holder would granted the users to have the right to use the same
All jobs advertised in the classified section of a newspaper must be legitimate.
True
False
All jobs advertised in the classified section of a newspaper must be legitimate. Hence, the given statement is true.
What are the legitimate advertisements?One of the most reliable advertising forms is using owned (brand-managed) web channels. As a matter of fact, branded websites rank as the second most trustworthy format, with seventy percent of respondents from over the world.
Indicating that they absolutely or partially trust these sites. Furthermore, fifty six percent of respondents say they have confidence in the emails they have subscribed to.
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________ involves a strategic effort by firms to supply customers with environmentally friendly sustainable merchandise and services.
Green marketing involves a strategic effort by firms to supply customers with environmentally friendly sustainable merchandise and services. In green marketing, firms often focus on the environmental benefits of their products, emphasizing their low carbon footprint, use of renewable resources, or other eco-friendly features.
Green marketing refers to the practice of marketing products or services that are considered environmentally friendly or sustainable. This may include products that are made from recycled materials, use renewable energy, or are biodegradable, among other things. Green marketing is a strategic effort by firms to appeal to consumers who are becoming increasingly conscious of the impact their purchases have on the environment, and to provide customers with options that are more environmentally sustainable.
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When you miss payments on a loan, creditors:
A. can charge excessively high interest on other customers to make
up the difference.
B. must accept the loss as simply part of doing business.
C. have the right to take measures to get their money back.
D. must declare bankruptcy on the loan, which damages their credit
score.
Answer:
C.
Explanation:
It's obviously not A, because that would lead to a corrupt society. It's not B either, because no one would pay if that were a policy, and it wouldn't be any different than giving out money for free.
C is correct. If a debtor misses payments on a loan, the creditor has the right to transfer the amount due plus interest to the next given payment. The next given payment will cost the debtor the amount due previously, plus interest (for being late), and the amount due that month.
For example, a debtor makes monthly payments of $1,000 to their creditor. If the debtor misses this month's payment (which equates to $1,000), the creditor has the right to move the amount due plus interest to next January.
Generally speaking, interest should be around 10% annually and broken down into monthly charges. So the annual interest rate would be $100, which makes the monthly interest rate $8.33. Next January, the debtor would pay the amount due previously ($1,000), plus interest ($8.33), and the amount due that month ($1,000).
The debtor will need to pay $2008.33 in January.
A lot of people might mistake D as the correct answer, but creditors don't have to declare bankruptcy.
The correct option is C. When you miss payments on a loan, creditors have the right to take measures to get their money back. Normally, the creditor will get in touch with you and let the credit bureaus know about the default.
Who is a creditor?A creditor is a company that extends credit, allowing another company to borrow money that will eventually be repaid. A company that offers goods or services but does not request payment upfront is also considered a creditor because the customer owes the company money for work already completed.
A creditor has a range of alternatives available to it to induce payment if you miss a payment or are unable to pay a debt, including using collection firms. Inability to pay a debt can still have negative effects, such as ruined credit scores and lawsuits, even though debtor's prison is a thing of the past.
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You're prepared to make monthly payments of $320, beginning at the end of this month, into an account that pays 11 percent interest compounded monthly. How many payments will you have made when your account balance reaches $24,354?
Answer:
You would have made 58.00 payments
Explanation:
From the given information:
The future value of the annuity = \(Pmt \times [\dfrac{(1+rate)^t-1}{rate}]\)
\(24354 = 320 \times [\dfrac{(1+\dfrac{0.11}{12})^t -1 }{\dfrac{0.11}{12}}]\)
\(76.11 = [\dfrac{(1+\dfrac{0.11}{12})^t -1 }{\dfrac{0.11}{12}}]\)
\(76.11 \times {\dfrac{0.11}{12} = [{(1+\dfrac{0.11}{12})^t -1}]\)
\((1+ (76.11 \times {\dfrac{0.11}{12})) = [{(1+\dfrac{0.11}{12})^t }]\)
\(In (1+ (76.11 \times {\dfrac{0.11}{12})) = t \ In [{(1+\dfrac{0.11}{12})}]\)
\(\mathtt{t = \dfrac{In (1+ (76.11 \times {\dfrac{0.11}{12})}} { In [(1+ \dfrac{0.11}{12}]}}}\)
t = 58.00
Find the present value of $12,075 if money was invested at 7.2% compounded continuously for
8 years, 9 months.
The present value of $12,075 is $22672.14 if the money is invested at 7.2% compounded continuously for 8 years and 9 months.
The formula for continuously compounded interest is obtained by computing the limit of this formula as n approaches infinity (according to the notion of continuous compounding):
Continuously compound interest formula
\(A = Pe^{rt}\)
A - Amount
P - Principal
r - Rate
t - Time
P = $12075
r = 7.2 % = 7.2/100 = 0.072
t = 8 years 9 months
= 8 + 9/12 years
= 8 + 0.75
= 0.75 years
A = 12075 × \(e^{(0.072 * 0.75)}\)
= 12075 × \(e^{0.63}\)
= 12075 × 1.87761
= 22672.1408 $
So, the final amount is $22672.14
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Leadership effectiveness should be evaluated according to which of the following characteristics?
Does the leader keep the discussion focused on the issues?
Does the leader encourage critical thinking?
How well does the leader manage conflict in the group?
all of the above
Answer:all of the above
Explanation:
what statement best illustrates an example of economic specialist
A positive operating cash flow indicates that the firm is generating enough cash to?
A positive operating cash flow indicates that the firm is generating enough cash to pay operating costs.
What is operating cash flow?Cash flow is the flow of cash and cash equivalent in and and out of a business. The three types of cash flows are investing cash flow, operating cash flow and financing cash flow.
Operating cash flow is the net amount of cash generated from a company's normal business operation . When the operating cash flow is positive, it means that the revenue that the business earns is greater than the cost used in running the business. The operating cash flow is the first section presented on the statement of cash flows.
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Adrian is an investor. He reviews the income statement of a company and concludes that he will benefit from investing in it. What is the information that is provided in the income statement that most likely helped him make this decision?
A.
income statement showed the debts the company owes
B.
income statement showed the net profit of the company for a specific period
C.
income statement showed the assets of the company
D.
income statement showed the equity capital of the company
Answer:
B. income statement showed the net profit of the company for a specific period
Explanation:
The management prepares an income statement at the end of a financial year to show whether a business made a profit or loss. It lists all the revenue in the top section, the expenses in the middle, and profit or loss at the bottom.
The income statement communicates how much profits a business made during a specific financial period. Adrian was impressed by the profits that the company made that period.
Assume the market for raised salmon (RS) is given by the following equations where Q is the quantity and P is the price of Q: Demand: Qp = 35 - P AND Supply: Qs = P 1. Calculate the equilibrium price (P) and equilibrium quantity (Q). Because of lobbing's pressure, the government decided to set a legal price at P = $30. 2. Graph the market demand curve, the market supply curve, and the legal price on the same diagram.
3. Is the legal price a price floor or a price ceiling? Explain. 4. Calculate the shortage or the surplus due to this legal price.
1. Equilibrium is the point at which the quantity of goods supplied equals the quantity of goods demanded in the market. In other words, it's the point where the supply and demand curves intersect.
Given Demand: Qp = 35 - P and Supply: Qs = P; Putting the given equation, we get: Qp = Qs 35 - P = P 2P = 35 P = 35/2 P = 17.5$
Substitute this value of P in either equation Qp = 35 - 17.5 Qp = 17.5
The equilibrium price is $17.5 and the equilibrium quantity is 17.5.2.
The graph of the market demand curve, the market supply curve, and the legal price can be shown as:
3. The legal price of $30 is a price floor because it is the minimum price that can be charged for raised salmon. A price ceiling, on the other hand, would have set a maximum price that could be charged.4. Surplus or shortage due to the legal price can be calculated as below: Surplus = Supply – Demand Surplus = $30 – $17.5 Surplus = $12.5
As a result, there is a surplus of $12.5 due to the legal price.
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Listing the pros and cons for each of your options is a part of which step in the decision-making process?.
Answer:
Listing the consequences of each option.
Explanation:
Why is a legal framework needed for a market economy to function?.
A legal framework is necessary for a market economy to function since it offers rules and regulations that help guide economic activities.
It ensures the security of private property and the enforcement of contracts, which is crucial for trade, commerce, and the overall economy.
Why is a legal framework necessary for a market economy?In a market economy, market forces of supply and demand dictate economic activities. It means that businesses and consumers interact, and the state does not interfere with the economy's operation. As such, the economy requires some rules and regulations that guide economic activities.
Therefore, a legal framework is crucial in providing a stable economic environment that fosters innovation, investment, and growth. It provides legal protection for economic actors, ensuring that their rights are protected and that their interests are considered.
Furthermore, a legal framework establishes the basis for a well-functioning market by specifying the procedures and regulations for trade, commerce, and transactions. In conclusion, a legal framework is necessary for a market economy to function since it offers rules and regulations that help guide economic activities. It ensures the security of private property and the enforcement of contracts, which is crucial for trade, commerce, and the overall economy.
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in October 2001 president George w bush gave directions to establish the office of homeland security and the homeland security council. what is this an example of? A. treaty B. executive order C. agency regulation D.Statute
Answer:
agency regulations i think
Which of these is an accurate characterization of the contemporary view of marketing?*
A) Marketing is synonymous with selling.
B) With the rise of social commerce, company-driven marketing is no longer important.
C) Marketing's emphasis within the firm continues to decline.
D) To improve efficiency, most firms now restrict marketing activities within the "official" boundaries of the marketing department.
E) Marketing is about identifying and meeting human and social needs in a way that harmonizes with the goals of the organization.
Marketing aligns human needs with organizational goals.
What is contemporary marketing's focus?E) Marketing is about identifying and meeting human and social needs in a way that harmonizes with the goals of the organization.
This option is the most accurate characterization of the contemporary view of marketing. Marketing is no longer solely focused on selling products or services; it has evolved to understand and address the needs and desires of consumers in a broader sense. The emphasis is on creating value for customers by delivering products or services that align with their needs while also aligning with the organization's goals.
With the rise of social commerce and the increasing importance of customer-centric approaches, company-driven marketing remains crucial. It involves building relationships with customers, engaging with them on various platforms, and creating personalized experiences to enhance customer satisfaction and loyalty.
While marketing activities may be performed by different departments within a firm, the overall importance of marketing within organizations has not declined. Marketing has expanded beyond the boundaries of a single department and involves cross-functional collaboration to ensure a cohesive and integrated approach to meet customer needs.
summary, the contemporary view of marketing emphasizes the identification and fulfillment of human and social needs while aligning with the goals of the organization. It encompasses customer-centric strategies, social commerce, and collaboration across departments to create value for customers and drive business.
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Discuss the benefits of gaol setting on your career choice
Goal setting is a powerful tool for anyone looking to advance their career. By setting specific objectives and taking active steps to achieve them, you can increase your motivation, focus, and satisfaction in your work, ultimately helping you to achieve success in your chosen field.
What is goal setting?Generally, Goal setting is an essential process that involves identifying and prioritizing specific objectives that an individual wants to achieve in their personal or professional life. When it comes to career choice, goal setting can offer several benefits, including:
Increased motivation: Setting specific goals for your career can help to boost your motivation and drive towards achieving your objectives. Having a clear target in mind can help you stay focused and energized, even when faced with challenges or setbacks.
Improved focus: By setting specific goals, you can prioritize your efforts and focus on the tasks that are most relevant to achieving your career objectives. This can help to streamline your work and avoid distractions, allowing you to make progress towards your goals more efficiently.
Better decision making: When you have a clear set of goals for your career, you can use them as a framework for making important decisions. This can help you evaluate different opportunities or paths in terms of how they align with your objectives and choose the ones that are most likely to help you achieve your goals.
Enhanced career satisfaction: Achieving your career goals can be a source of great satisfaction and fulfillment. By setting clear objectives for your career and taking active steps to achieve them, you can increase your sense of purpose and fulfillment in your work.
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According to the video, which factors often affect Government and Public Administration? Check all that apply. O world events O product sales O political changes O new employees
Answer: world events, political changes
world events and political changes. i answered it and got it right.
Explanation:
Answer:
world events and political changes
Explanation: he literally said it
name the liability under which the private assets minus the private liabilities of a partner are liable to pay the liabilities of the firm
Answer:
Limited Liability
Explanation:
One of the disadvantages of forming a Partnership is the issue of Limited Liability.
Limited Liability means that Partners are liable for the debts of the company to the extent of their investment in a partnership arrangement.
Mia likes to write books during her free time. At present, three of her books have been published and sold around the world. The income received from selling her books is an example of
Answer:
passive
Explanation:
5. there is a well-known, and commonly used tool to explain the competition in an industry or a market segment. what is this tool called?
Porter's Five Forces is a frequently used guideline for evaluating the competitive forces that influence a variety of business sectors. It was also created by Harvard Business School professor Michael E. Porter in 1979 and has since become an important tool for managers.
in job order costing using a single rate based on direct labor hours to assing overhead may lead to inaccurate cost assigments
share your perspective about this statement
The statement suggests that using a single rate based on direct labor hours to assign overhead in job order costing can result in inaccurate cost assignments. This raises concerns about the reliability of cost data and the potential impact on decision-making and financial performance analysis.
The use of a single rate based on direct labor hours for assigning overhead in job order costing may lead to inaccurate cost assignments for several reasons. Firstly, not all overhead costs are directly proportional to direct labor hours. Certain overhead expenses, such as machine maintenance or facility rent, may have little or no correlation with labor hours. Using a single rate fails to account for these variations, resulting in distorted cost allocations.
Secondly, relying solely on direct labor hours as a cost driver ignores other factors that influence overhead costs. Factors like machine usage, complexity of the product, or materials consumed can also impact overhead expenses. Failing to consider these factors in the overhead allocation process can lead to inaccurate cost estimations and distorted product costs.
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Preet just learned that he is going to be assigned for his job to Eastern Europe. The transfer is temporary. Because Preet knows that he is going to return home in a year or two, he has decided to rent out his home. He wants to make sure that someone can take care of his financial issues while he is away, particularly depositing the rent payments and paying bills. His best strategy involves naming his sister in a:
Answer: a. durable power of attorney.
Explanation:
A durable power of attorney gives a person the legal right to act on the behalf of another person such that the former will be able to handle the affairs of the latter. A durable power of attorney stays in effect even when a person is declared incapable of managing their own affairs.
It is therefore the best option for Preet here because with him being away for a little while, his sister can take care of his affairs as he is unable to do so himself and when he is back, he can simply remove his sister from the position as it is not a complicated process.
investor groups that provide funding in exchange for an ownership stake in the firm are called .
An investor groups that provide funding in exchange for an ownership stake in the firm are called a venture capitalists.
Who are a venture capitalists?Basically, a venture capitalist means private equity investor that provides his/her capital to companies with high growth potential in exchange for an equity stake. These capitalists could be funding startup ventures or supporting small companies that wish to expand but do not have access to equities markets.
In economics, the three types of venture capitalist are narrowed down to an early stage financing, expansion financing and acquisition/buyout financing.
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During the carrent year, merchandise is sold for \( \$ 186,500 \) cash and \( \$ 1,437,200 \) of account. The cost of the o00ds sold is \( 3900.000 \). What is the anourt of the aross bight?
The amount of the gross profit is $1,233,700. To calculate the gross profit, we need to subtract the cost of goods sold from the total sales.
Total Sales = Cash Sales + Accounts Receivable Sales
Total Sales = $186,500 + $1,437,200
Total Sales = $1,623,700
Gross Profit = Total Sales - Cost of Goods Sold
Gross Profit = $1,623,700 - $390,000
Gross Profit = $1,233,700
Therefore, the amount of the gross profit is $1,233,700.
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