RF
Rachel Falter
Answers (6)
RF
Answered
Entries required to close the balances of the temporary accounts at the end of the period are called final entries.
On Jul 23, 2024
False
RF
Answered
The four broad segmentation bases that marketers use to divide the market into segments are: substantial, measurable, differentiable, and accessible.
On Jul 22, 2024
False
RF
Answered
What is the difference between farm commodities and food products? How does the number of competing firms change as farm commodities are processed into food?
On Jun 23, 2024
Farm commodities are agricultural products such as grains, milk, cattle, fruits, and vegetables that are usually sold to processors who use the products as inputs in creating food products. Food products are processed farm commodities sold through grocery stores and restaurants. Examples: bread, meat, fish, chicken, pork, lettuce, peanut butter, and breakfast cereal. The number of competing firms in the market diminishes as farm products are refined into commercial food products.
RF
Answered
Suppose the price of local cable TV service increased from$16.20 to$19.80 and as a result the number of cable subscribers decreased from 224,000 to 176,000. Along this portion of the demand curve, using the midpoint method, price elasticity of demand is approximately
A) 0.83.
B) 1.2.
C) 1.
D) 8.
A) 0.83.
B) 1.2.
C) 1.
D) 8.
On Jun 22, 2024
B
RF
Answered
Boulware Company's budgeted production calls for 5,000 units in October and 8,000 units in November.Each unit requires 8 pounds (lbs.) of raw material A.Each month's ending inventory of raw materials should equal 20% of the following month's budgeted materials requirements.The October 1 inventory for this material is 8,000 pounds.What is the budgeted materials purchases in pounds for October?
A) 40,000 lbs.
B) 44,800 lbs.
C) 52,800 lbs.
D) 60,800 lbs.
E) 35,200 lbs.
A) 40,000 lbs.
B) 44,800 lbs.
C) 52,800 lbs.
D) 60,800 lbs.
E) 35,200 lbs.
On May 24, 2024
B
RF
Answered
Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
A) Quik Mart and Rite Price.
B) the Consumer Product Safety Commission.
C) the Federal Trade Commission.
D) the Food and Drug Administration.
A) Quik Mart and Rite Price.
B) the Consumer Product Safety Commission.
C) the Federal Trade Commission.
D) the Food and Drug Administration.
On May 23, 2024
D