Answer:
A. is timely.
Explanation:
Management accounting information is an accounting information presented in a format that will assist management in decision making.
By their characteristics management accounting information relates mostly to a specific period in time, and also decisions must be taking within a specific time, therefore no matter how accurate a piece of information, if it is not received at the right time will not be useful..
Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana, but not a fourth banana. Which of the five foundations of economics best describes Marie’s thinking?
Answer:
Marginal Thinking
Explanation:
The economic principle of marginal thinking means that rational people (people who act in a way that maximizes their personal well-being) think and take decisions at the margin.
From the concept of marginal thinking, we derive concepts such as marginal utility, which is the extra benefit that a person obtains from the consumption of one extra unit of a good, and marginal cost, which is the extra cost a person must pay from the consumption of one more unit of a good.
If the marginal cost is higher than the marginal benefit, a rational person decides not to consume the good.
Marie is affected by marginal utility and marginal cost because while she considers that three bananas for $0.25 is a deal that benefits her, a fourth banana would represent a marginal utility that is less than the marginal cost, thus, she decides not to buy the fourth banana.
The nurse educator asks a student to list the 5 main categories of complementary and alternative medicine (CAM), developed by the National Center for Complementary and Alternative Medicine. Which statement, if made by the nursing student, indicates a need for further teaching regarding CAM categories
Answer:
Explained below.
Explanation:
A nurse educator questions to a student, to list the 5 main categories of complementary and alternative medicine CAM, developed by the NCCAM. The statements which were made by the nursing student indicates a need for further teaching regarding CAM categories are as follows:
* Massage therapy as well as magnetic therapy are a focus of CAM.
* Massage therapy, as well as magnetic therapy, are therapies within particular categories of CAM.
Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Jackson Company will
A) debit Land for $200,000.
B) credit Common Stock for $192,000.
C) debit Land for $192,000.
D) credit Paid-In Capital in Excess of Par for $196,000.
Answer:
C) debit Land for $192,000.
Explanation:
Given that
Par value of stock = $1
Actively traded per share = $64
Number of shares issued = 3,000 shares
Acquired value of land = $200,000
By considering the above information, the calculation would be done as follows
Land value would be
= Number of shares issued × actively traded per share
= 3,000 shares × $64 per share
= $192,000
A client with multiple myeloma presents to the emergency department complaining of excessive thirst and constipation. His family members report that he has been confused for the last day. Which laboratory value is most likely responsible for this client's symptoms?1. Platelet count 300,000/mm32. Serum calcium level 13.8 mg/dl3. Serum sodium level of 133 mEq/L4. Hemoglobin of 9.8 g/dl
Answer:
2. Serum calcium level 13.8 mg/dl
Explanation:
Based on the information provided that the client has multiple myeloma and also experiences immoderate thirst and constipation, there is the possibility of serum calcium in his system. This is because a serum calcium level of 13.8 mg/dl is known to cause several medical conditions such as immoderate taste, dehydration, confusion, and constipation.
A downhill ski area is experiencing a decline in the number of lift tickets sold, falling revenues, and inadequate profits. The average price of a lift ticket is $20 and there are 2,500 tickets sold daily on average. The estimated price elasticity of demand is 1.5 and the lifts are currently operating at an average of 75 percent of capacity. Which of the following methods is most likely to increase the ski area's revenues and profits.
A. a 10 percent increase in the average price of a lift ticket.B. an aggressive advertising campaign.C. a 10 percent increase in the average price of a lift ticket combined with an aggressive advertising campaign.D. a 10 percent decrease in the average price of a lift ticket.
Answer:
D. a 10 percent decrease in the average price of a lift ticket.
Explanation:
When Price elasticity is greater than 1, that suggests that the demand for that particular good or service is highly responsive to price or is price-sensitive . Furthermore, If price elasticity is greater than 1 then an increase in price will cause revenue to decrease.
Applying the above-stated principle to the given scenario, it has been stated that 'The estimated price elasticity of demand is 1.5.' implying that the demand for downhill ski is highly sensitive and responsive to changes in price.
Therefore, the only logical economic strategy to improve revenues will be to decrease price so that revenue can increase.
A 10 percent decrease in the average price of a lift ticket is the most likely method to increase the ski area's revenues and profits, given the price elasticity of demand of 1.5. This figure indicates that consumers are very responsive to price changes, and therefore, a price decrease is predicted to lead to increased demand and, consequentially, increased revenues and profits.
Explanation:The most likely method to increase the ski area's revenues and profits, given the price elasticity of demand of 1.5, is D. a 10 percent decrease in the average price of a lift ticket. The price elasticity of demand indicates how responsive consumers are to price changes. Given an elasticity greater than 1, consumers are considered highly responsive to price changes, meaning that a decrease in price would likely lead to an increase in demand, thereby increasing the total revenues. While aggressive advertising could help boost demand, its impact is usually less immediate and less predictable than price changes. So, option D is the most likely immediate remedy to increase revenues and profits.
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Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the concert. When he arrives at the concert, five different people offer him $70 for his ticket. Jack decides to keep his ticket. The cost to Jack of seeing Bo Bice is: A). $30. B). $40. C). $70. D). $70 plus his forgone earnings. E). $350.
Answer:
$70
Explanation:
The cost to jack of seeing BO Bice is $70. The cost of ticket, and forgone earning should not be considered because these are the sunk cost. And we do not count sunk cost because we can't recover them. The only cost that should be considered is opportunity cost. opportunity cost is $70.
The cost to Jack of seeing Bo Bice is $30.
Explanation:The cost to Jack of seeing Bo Bice is $30.
Before the concert, Jack paid $30 for the ticket. Even though he had the opportunity to sell it for $70, he decides to keep it. Therefore, the cost of seeing Bo Bice is still $30.
It is important to note that Jack's forgone earnings are not considered in this scenario.
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Suppose a local company has the following balance sheet accounts:
Accounts Balances Accounts Balances
Land $ 8,000 Cash 6,200
Equipment ? Stockholders' Equity 12,500
Salaries Payable 3,300 Accounts Payable 1200
Notes Payable ? Prepaid Rent 2,200
Supplies 1,600
Required:
Calculate the missing amounts assuming the business has total assets of $30,000.
Equipment_____________
Notes Payable____________
Answer:
Equipment $12,000
Notes payable $13,000
Explanation:
We know that
Total assets = Land + cash + equipment + prepaid rent + supplies
$30,000 = $8,000 + $6,200 + equipment + $2,200 + $1,600
$30,000 = $18,000 + equipment
So, the equipment = $30,000 - $18,000
= $12,000
Current liabilities = Salaries payable + account payable + notes payable
= $3,300 + $1,200 + notes payable
= $4,500 + notes payable
Total assets = Total liabilities + Shareholder equity
$30,000 = $4,500 + notes payable + $12,500
$30,000 = $17,000 + notes payable
So, the notes payable
= $30,000 - $17,000
= $13,000
Participation in sport keeps youths off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency
Complete/Correct Question:
Participation in sport keeps kids off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency?
a. labeling
b. economic strains
c. undifferentiated arousal
d. social bonding
e. differential association
Answer:
E, Differential association
Explanation:
Differential Association is a criminology term invented by Edwin Sutherland that shows how interaction between these people influence people to learn attitudes, values. characters, techniques as well as criminal behavior from each other.
To this effect, participation in sports brings youths together and as such changes their thoughts and are influenced to have discipline, ethics, etc which is an important aspect of sportsmanship. This influences helps to keep youths off the street and out of trouble subsequently.
Cheers.
Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event will affect the company’s accounting equation? The letters ""NA"" indicate that the component of the equation is not affected.
Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
Mary, an independent sales representative, is hindered in her ability to be in contact with clients because of dropped calls on her cell phone. Her decision to purchase a cellular booster for her phone reflects Mary has just proceeded through the _____ stage of consumer decision making.
a. evaluative categorization
b. cognitive dissonance
c. need recognition
d. purchase evaluation
Answer:
C) need recognition
Explanation:
The need recognition stage is usually referred to as the problem identification stage. This is the first stage of the consumer decision making process, since the customer realizes that she has an unsatisfied need and is willing to acquire a good or service that will satisfy it.
Usually consumers identify problems or needs through internal factors, e.g. someone is hungry and needs food, or through external factors like advertisement, e.g. I just saw an ad about a new software that can make help me finish my accounting tasks faster.
Mary's decision to purchase a cellular booster after experiencing dropped calls represents her moving through the need recognition stage of consumer decision making, identifying a gap between her current situation and desired state.
Mary, an independent sales representative, is hindered in her ability to be in contact with clients because of dropped calls on her cell phone. Her decision to purchase a cellular booster for her phone reflects that Mary has just proceeded through the need recognition stage of consumer decision making. This stage occurs when a consumer identifies a difference between their current state and a desired state. In Mary's case, the recognition was the frustration from dropped calls which hindered her client communication, leading her to realize she needed a solution. Following this recognition, purchasing a cellular booster represents the action taken to address this identified need, thereby exemplifying the connection between recognizing a need and initiating a purchase to fulfill that need.
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include:
A. the cultures of the two countries should be relatively similar and compatible.
B. the climate for foreign direct investment in the importing nation is relatively favorable.
C. export and import regulations are not insurmountable.
D. all of the above.
E. two of A, B, and C.
Answer:
Option "C" is the correct answer to the following statement.
Explanation:
While deciding where to sell, export and import laws are not insuperable for managers to rely on a country that is a large consumer of goods imported from native countries.
Many products sold to a foreign investor need no export license. Both products are however subject to the laws and legislation on export control. The easiest way to find if an item needs an export license is to verify which authority has control over the commodity you are attempting to sell, or controls it.Focusing on a nation that is a significant purchaser of exports offers managers the advantages of cultural compatibility, a favorable investment climate, and manageable trade regulations, leading to answer D (all of the above) being correct.
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include several factors. Among these, we can consider:
Cultural compatibility: If the two countries already have a significant trade relationship, it is likely that the cultures might be relatively similar, facilitating easier communication and understanding in business dealings.
Investment climate: A nation that is already a major importer may have a favorable climate for foreign direct investment (FDI), implying that it is open to doing business with foreign companies and offers a conducive environment for trade expansion.
Regulatory backdrop: Export and import regulations between the two countries are likely to be established and manageable, given the existing trade volume, making it easier to continue business operations there.
Therefore, the correct answer would be D. all of the above.
15. Honda developed its new CR-Z hybrid model for a distinct segment of consumers as a fun, green, sporty hybrid that stands out as being uniquely different from other hybrid models. This is an example of which of the following? Market positioning. TRUE or FALSE
Answer:
True
Explanation:
Marketing positioning is a strategy that establishes a specific perception of a product or brand in relation to the competitors. This involves marketing the product or brand in a certain way that creates an image in the customer's mind. According to this, it is true that the example refers to market positioning because Honda is trying to establish the new CR-Z hybrid model in the mind of the customers as a fun, green, sporty hybrid that is uniquely different from other hybrid models. So, Honda is trying to create a perception of the product in relation to its competitors.
______ argue for less government intrusion into the economy and decision making within business and industry.
Answer:
Conservatives
Explanation:
Conservatism a political philosophy which supports economic individuality, individual liberty with minimal government presence. Conservatism is a political ideology of a free market persuasion where tax by the government if any should be very small. They believe that government is only to concern itself with the provision of services that individuals are unable to provide as a result of some obvious constraint.
Libertarians and Conservatives typically argue for less government interference in economic matters, preferring a system called laissez-faire capitalism. This approach allows businesses to function independently, without government intervention, potentially leading to economic inequality and a lack of protection for consumers and workers.
Explanation:In the field of economics and particularly within the boundaries of political economy, it is generally the Libertarians and Conservatives who argue for less government intrusion into the economy. They advocate for a system called laissez-faire capitalism. The term 'laissez-faire' is French for 'let do', meaning letting things take their own course, without interference. Under this system, decisions about production and investment are determined by private individuals and businesses, rather than by governments or cooperative bodies. Critics, however, argue that laissez-faire capitalism can lead to economic inequality and lack of protection for consumers, workers, and the environment.
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A manager of a fiberglass molding operation suspects that the number of process failures is related to the number of total units produced of a particular product. A tool most useful in this analysis would be a:
A) checklist.
B) cause-and-effect diagram.
C) Pareto chart.
D) scatter diagram.
Answer: D) scatter diagram.
Explanation:
Scatter diagram is a graph with two variables values plotted along two axis in which the pattern reveals if there is any correlation through the resulting points/ dots. It is used to determine the relationship between two variables in which both are along the same curve.
Scatter diagram is used when:
• Numerical data are in pairs.
•To determine relationship between two variables.
•To determine the effect and cause of two variables when they appear similar.
•To determine the root cause of a potential problem.
An investee company incurs an extraordinary loss during the period. The investor appropriately applies the equity method. Which of the following statements is true?
The correct question is:
An investee company incurs an extraordinary loss during the period. The investor appropriately applies the equity method. Which of the following statements is true?
A. Under the equity method, the investor only recognizes its share of investee's income from continuing operations.
B. The loss would be ignored but shown in the investor's notes to the financial statements.
C. The extraordinary loss should increase equity in investee income.
D. The extraordinary loss would not appear on the income statement but would be a component of comprehensive income.
E. The extraordinary loss would reduce the value of the investment.
Answer:
The extraordinary loss would reduce the value of the investment.
Explanation:
An extraordinary loss occurs because of an activity that does not frequently occur and is usually one-off. Outside usual activities of the business.
It is not expected to reoccur, and is reported in the income statement below income.
For example loss of stock of goods to fire outbreak, flood, or earthquake.
The value of investment is negatively impacted by extraordinary loss. It reduces Earnings per Share (EPS).
The city of Mesa has developed a street improvement plan that will add lanes to one of the major north/south corridors. Because of the addition of the lanes, businesses along the corridor will lose frontage. However, none of the businesses will be required to move. Which of the following statements is true?
a.The city need not compensate the businesses since they will still remain intact.
b.The city must compensate the businesses for taking.
c.The city cannot take land for this purpose.
d.The city can attach "0" value to the frontage.
Gladys Peel owns a 50% interest in the capital and profits of the partnership of Peel and Poe. On July 1, 2019, Peel bought land the partnership had used in its business for its fair market value of $10,000. The partnership had acquired the land five years ago for $16,000. For the year ended December 31, 2019, the partnership's net income was $94,000 after recording the $6,000 loss on the sale of land. Peel's distributive share of ordinary income from the partnership for 2019 was ________.
Answer:
$50,000
Explanation:
Data provided in the question:
Interest owned by Gladys Peel in the capital and profits of the partnership = 50%
Fair market value = $10,000
Value of the land acquired = $16,000
Partnership's net income = $94,000
Loss recorded = $6,000
Now,
The loss must be separately passed through to partners as it is a Sec. 1231 loss.
Therefore,
Partnership ordinary income = $94,000 + $6,000
= $100,000
Hence,
Peel's distributive share of ordinary income from the partnership for 2019
= 50% of Partnership ordinary income
= 0.50 × $100,000
= $50,000
Final answer:
Gladys Peel owns a 50% interest in the partnership. After accounting for a loss from the land sale, the partnership's original income before the loss for the year was $100,000. Therefore, Peel's distributive share of the partnership's ordinary income for 2019 was $50,000.
Explanation:
Gladys Peel owns a 50% interest in the partnership of Peel and Poe. When the partnership sold land it had acquired for $16,000 at a fair market value of $10,000, it recognized a loss of $6,000. Given that the partnership's net income for the year was $94,000 after recording the loss, we need to calculate Peel's distributive share of ordinary income.
To find Peel's share, we include her proportionate share of the loss in the partnership's net income. The net income of $94,000 includes the $6,000 loss, so the original income before the loss would have been $94,000 + $6,000 = $100,000. Since Peel is entitled to 50% of the partnership's profits, her share would be 50% of $100,000, which equals $50,000.
Therefore, Peel's distributive share of ordinary income from the partnership for 2019 was $50,000.
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that ______
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.
Explanation:
In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.
Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.
The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.
A local art gallery keeps information on its customers regarding their preferences forcertain artists as well as the style of art that interests them. The gallery uses thisinformation to inform the customers when new products arrive from their favoriteartists and targets them with special promotions. In this way, the gallery is using_______ to build loyalty among its customers.
a)Value co-creation
b)Customer relationship management
c)Transactional marketing
d)B2B marketing
e)The supply chain
Answer:
A - Value co - creation
Explanation:
Value co - creation is a strategy that promotes and encourages active involvement from the customer to create on-demand and made-to-order products. with this strategy, consumers get exactly what they want and are involved in making it happen. So the Art gallery using such information is clearly using a value - co creation strategy to build loyalty among its customer.
Knowledge about challenges specific to the operations function can help marketing personnel to judge how _____________ new product designs will be.
There is always knowledge challenge in all sectors. Knowledge about challenges specific to the operations function can help marketing personnel to judge how manufacturing new product designs will be.
There are three common challenges of knowledge management. They are;
Obsolete technologyEmployee motivationMaking information easy to get.
Knowledge management (KM) is known to be the gathering or collection of methods that is often related to producing, sharing, using and managing the knowledge and information of an organization.
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The owners of a local restaurant routinely try to develop new menu items and seek better ways of helping their customers. ______ is the result of their efforts.
Answer: The answer is INNOVATION.
Explanation: Innovation refers to a new idea, method or product. In business, innovation is a conscious effort at way of meeting customers needs through development of new ideas and extreme creativity.
A company's sales in Seattle were $410,000 in 2012, while their sales in Portland were $290,000 for the same year. Complete the following statements: a. Seattle's sales were % larger than Portland's. b. Portland sales were % smaller than Seattle's. c. Portland sales were % of Seattle's.
Answer:
a) 41.38%
b) 29.26%
c) 70.73%
Explanation:
We should check agsint whom is the comparrison to deteminate the base.
If we compare "than Portland's" this means portland is the year base.
a) Seattle / Portland
410,000 / 290,000 - 1 = 41.3793 = 41.38%
b) 1 - Portland / Seattle = 1 - 290,000/410,000 = 29.26%
c) Portland / Seattle = 290,000 / 410,000 = 70.7317%
Final answer:
Seattle's sales were 41.38% larger than Portland's, Portland's sales were 29.27% smaller than Seattle's, and Portland's sales were 70.73% of Seattle's.
Explanation:
To find out how much larger Seattle's sales were compared to Portland's, you calculate the difference and then find out what percentage this difference is of Portland's sales.
Seattle's sales were \((410,000 - 290,000) / 290,000 \times 100 = 41.38\%\) larger than Portland's.
To determine how much smaller Portland's sales were than Seattle's, you again calculate the percentage difference based on Seattle's sales.
Portland's sales were \((410,000 - 290,000) / 410,000 \times 100 = 29.27\%\) smaller than Seattle's.
Finally, to find out what percentage Portland's sales were of Seattle's, you make a fraction of Portland's sales over Seattle's sales and convert that fraction to a percentage.
Portland sales were \(290,000 / 410,000 \times 100 = 70.73\%\) of Seattle's.
Javier, a new insurance agent, pays one of his customers to buy his firm's insurance product. Javier explains to the customer that he would pay the customer a few thousand dollars if the customer decides to invest in the policy recommended by Javier. This is an example of:________.
Answer: Bribery.
Explanation:
Bribery is a legal offense which involves giving or demanding for some form of valuables so as to gain favouritism or influence a situation in someone's else favour. Giving or accepting bribes while discharging one's duty as a government official or public office holder is said to be a form of corrupt practices, this could come as a form of gift, money, goods, property, contract award, etc.
Bribery is a crime in which when committed all parties involved are liable to being charged. Bribery harbours other vices such as fraud, cheating, partiality, power abuse, collusion, cartels, etc.
Margie has applied for a job with the Lumineer Company. She was asked, "how would you handle an angry customer?" and "If you caught a coworker lying, what would you do?" These are examples of questions you would hear in _________.A) aptitude-interest testsB) vocational interest testsC) typing testD) personality testsE) communications test
Answer:
PERSONALITY TESTS
Explanation:
A personality test is a means of testing the constructions of human consciousness. Many methods for personality evaluation are in reality contemplative self-report test assessments or life experience surveys, like rating scales.
There are many various types of tests for determining temperament. The collection of self-report includes the management of many items that enable participants to determine their own personality traits analytically. Thus, from the above we can conclude that the correct option is D.
Using the above information, which kind of investor would likely turn the greatest profit in this market, given that each of them purchased a house in this area at year 0?
a. A long-term investor, who wishes to hold onto the house for an extended period and rent it out in the meantime.
b. A house flipper, who will sell the house as soon as the market increases its value.
c. A moderate-term investor, who will sell the house once it reaches a certain price.
d. A cautionary investor, who will sell the house in order to minimize losses as soon as the prices begin to drop.
Answer:
The correct answer is (A)
Explanation:
People are more successful in housing business who invests for a longer period. Housing prices do not fluctuate rapidly which is why a long term investor who holds the house for a longer period will likely to earn greater profit compared to those who will hold the house for a short-term period. The short-term investor will earn profit but a small percentage whereas long-term investors will earn a greater profit which depends on how long they can hold on to the house.
Answer:
a. A long-term investor, who wishes to hold onto the house for an extended period and rent it out in the meantime.
Explanation:
got it right
Resource leveling is a network scheduling technique that seeks to assign nearly equivalent work units to each member of the project team True False
Answer:
False
Explanation:
Resource leveling in project management is a technique used to ensure that over-allocation of resource or conflicts as a result of over-allocation does not occur.
Cheers
A customer's accountant telephones an investment adviser and wishes to place orders for the customer's account. Which statement is TRUE under the NASAA Statement of Policy?
A. The investment adviser can accept orders for 10 business days under the accountant's oral instructions
B. The investment adviser can accept any instructions from the accountant
C. The investment adviser cannot accept any instructions from the accountant unless the customer authorizes this in writing
D. The accountant must be a CPA in that State for the investment adviser to accept the accountant's instructions
Answer:
C. The investment adviser cannot accept any instructions from the accountant unless the customer authorizes this in writing
Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in North America?
Answer:
5% approx
Explanation:
Given that
Number of people in the world = 6.25 billion
And the number of people live in North America = 310 million
So, the percentage of the world population lives in North America would be
= (Number of people live in North America ÷ Number of people in the world) × 100
= (310 million ÷ 6.25 billion) × 100
= 5% approx
Answer:
5%
Explanation:
Divide 0.310 billion by 6.25 billion to find that 0.310/6.25 = 4.96% of the world's population lives in North America. To the nearest whole number, this is 5%.
The Simply Gum company has a goal of increasing traffic to its website and raising its purchase conversion rate by 15%. What type of metrics should it capture from its website to reach these goals?
Answer:
Unique visitors (Special visitors), search engine traffic, conversion rate.
Explanation: For the simply fum company to reach it goals with will have to start checking and making entry of its Unique visitors( visitors of special interest either new or existing that helps to build it's traffic). It also has to start checking the search engines to know how well the company is been searched and what possible ways can it build that traffic.
Through the data obtained from it's purchase conversion rate it will enable the company to know how much more is required to reach it's goals.
Rock Construction has current assets of $45 million, total liabilities and equity of $67 million, and sales of $59 million. How would current assets be expressed on a common-size balance sheet?
Answer:
current assets = 67%
Explanation:
given data
current assets = $45 million
total liabilities and equity = $67 million
sales = $59 million
solution
we get here current assets that is express as
current assets = [tex]\frac{current\ assets}{liability\ and\ equity}[/tex] ......................1
put here value we get current assets that express on common size balance sheet is
current assets = [tex]\frac{45}{67}[/tex] × 100
current assets = 0.6716 × 100
current assets = 67%