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ArbitrLikvidat [17]
2 years ago
5

An Asian-American family whose relatives emigrated four generations ago has three children. The oldest son, George, is in medica

l school. Susan, at the age of 21, is a concert pianist. Brent is a second-year business student. This family is likely to exhibit which of the following Asian American buying patterns?
assimilated, exhibiting buying patterns very much like other typical American consumers
Business
1 answer:
Arisa [49]2 years ago
5 0

Answer:

The correct answer is letter "B": assimilated, exhibiting buying patterns very much like other typical American consumers.

Explanation:

The Asian family described in the example is at its fourth generation after emigrating to the U.S. The possibilities of having assimilated the American culture are greater in such a scenario. English has possibly turned into the primary language of the family.  

Asian Americans are typically business-oriented and outstanding in academic life. In this case, the household children are engaged in medical and business schools and one of them is into music.

Thus, <em>after all those facts, that particular Asian American family is likely to have buying patterns as any other American family.</em>

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Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
solmaris [256]

Answer:

Consistency of quality

Explanation:

Consistency is very crucial to deriving customer satisfaction. Customers have to be provided with better and improved products of services if you want to ensure their continued patronage.

Inorder to ensure consistency, you have to look into setting up quality management systems into your business operations.

Quality management system (QMS) can be reffered to as the formal process of reviewing and documenting the procedures, products, services, and responsibilities of a business inorder to achieve your business goals and objectives. This process also allows you to find out the areas in your business that need improvement.

Quality management is designed to manufacture highly-consistent, quality products that would meet up to the customer and regulatory requirements.

5 0
2 years ago
Star​ Health, Inc. is a fitness center in Oklahoma City. In​ October, the company earned ​$550,000 in revenues and incurred the
Georgia [21]

Answer: $135.66

Explanation:

Given that,

Revenue earned in October = ​$550,000

Number of customers = 300

Operating costs:

Manager's Salary = ​$5,500

Gym Rent = ​1,800

Depreciation Expense long dash Equipment = ​7,000

Office Supplies Expense = ​2,300

Utilities Expense = ​1,600

Trainer's Salary = ​22,500

Therefore,

Unit cost per​ customer = \frac{Sum\ of\ all\ operating\ costs}{no.\ of\ customers}

                                      = \frac{5,500+1,800+7,000+2,300+1,600+22,500}{300}

                                      = $135.66

7 0
2 years ago
Variable and absorption costing and breakeven points. Camino, a leading firm in the sports industry, produces basketballs for th
Vlad1618 [11]

Answer:

1       VARIABLE COSTING ABSORPTTION THROUGHPUT

sales    4800000                      4800000              4800000

opening stock 0                                      0                       0

produced    2940000                       3320000                1260000

closing     140000                      158095.24          60000

cost of sales     2800000                    3161904.762         1200000

contribution     2000000                    1638095.238        3600000

direct labour                                                           1680000

fixed cost    

admin        660000                         660000           660000

manufacturing      380000                                                  380000

net income  960000                   978095.2381          880000

2.            variable                        absorption       throughput

breakeven  $218,487                  $160,976       121353.5589

3. units to be sold 145000                        87640.44944            332000

Explanation:

UNIT COST  7                                     7.90                      3

material          3                                       3                         3

labor          4                                         4  

fixed cost                                        0.90  

   

   

produced units    

opening           0                                          0                          0

produced  420000                           420000             420000

closing          20000                            20000                      20000

sold                  400000                            400000              400000

breakeven = fixed cost / contribution per unit

3.  change in unit cost  

                   variable   absorption throughput

material            4                4              4

labour                 4                 4  

fixed cost                         0.9  

unit cost                8                8.9               4

sales    

opening stock    

produced    

closing    

cost of sales    

contribution  1160000    780000     1328000

direct labour                                 168000

fixed cost    

admin          660000         660000       660000

manufacturing                  380000  380000

net income  120000          120000         120000

to get the amounts for the closing stock, opening stock, produced and sold we multiply by unit cost

to get produced units we take sold stock plus closing stock less openning stock

to get the units that must be sold to make net income of 120 000

we do bottom up approach and can stop at contribution then divide it by contribution per unit.

3 0
2 years ago
At the beginning of the current year, Bard Corporation had 400,000 shares of $1 par common stock outstanding and had retained ea
sveta [45]

Answer:

b. $14,660,000

Explanation:

The computation of retained earnings at the end of the year is shown below:-

Retained earnings = Beginning retained earning + Net income - Stock dividend - Cash dividend

= $11,000,000 + $5,000,000 + $500,000 - $840,000

= $14,660,000

Working Note :-

Stock Dividend = 400,000 × 5% × $25

= $500,000

Cash dividend = (400,000 + (400,000 × 5%) × $2

= 420,000 × $2

= $840,000

5 0
2 years ago
A firm just paid an annual dividend of $1.00 today. The dividend is expected to growth at a rate of 14% for the next three years
pychu [463]

Answer:

Value of stock is $49.33

Explanation:

Dividend valuation method is used to calculate the the value of stock based on the dividend paid, its growth rate and rate of return.

Calculate dividend after 3 years first

Current Dividend = D0 = $1

Dividend after 3 year = D3 = D0 ( 1 + g )^n = $1 ( 1 + 0.14 )^3 = $1.48

Rate of return = r = 9%

Growth = g = 6%

DVM Formula for stock value

Price  = Dividend / Rate of return - Growth rate

Price of stock = D3 / ( r - g ) = $1.48 / ( 9% - 6% ) = $1.48 / 3% = $49.33

3 0
2 years ago
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