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2 years ago

Which Act was enacted as a response to the rising level of unsecured consumer debt?

1 answer:

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The Credit Card Accountability, Responsibility, and Disclosure Act of 2009 or also known as the Credit CARD Act was passed on May 22, 2009. This act will make it easier for the consumers to settle their credit card liability balances. This is made as an answer to the increasing number of consumer debt.

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Altacey, a multinational company that sells consumer durables, divides its target markets on the basis of the density of populat

pshichka [43]

The correct answer is D. Geographic segmentation

Explanation:

Segmentation is a common business strategy that implies considering customers according to different features such as location, cultural values, buying behavior, etc. and creating marketing plans based on this. In the case of geographic segmentation, this occurs if customers are considered according to location, for example by dividing the market or customers according to the city, state, country, etc. or according to population density. This second strategy is the one used by Altacey as the money, employees, products, and other factors are assigned based on density. Thus, the segmentation is geographic.

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2 years ago

The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring

Alex Ar [27]

Answer:

$500 favorable

Explanation:

Given;

Number of units produced = 10,800 units

Actual indirect material costs = $13,000

Reflected indirect material costs for 144,000 units = $180,000

Now,

Per unit reflected indirect material costs = $180,000 ÷ 144,000

= $1.25 per unit

Therefore,

Budgeted indirect material cost for actual units produced

= $1.25 × 10,800

= $13,500

since,

the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore

the indirect material costs in October is favorable

amount = Budgeted cost - Actual cost

= $13,500 - $13,000 = $500 favorable

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2 years ago

Raul is the Chief Operating Officer (COO) of Black Mesa Inc., a firm that produces handcrafted kitchen tables for both the resid

quester [9]

Answer: A. Raul could gain access to cheaper raw materials in a foreign country, thus lowering the cost of his input factors.

Explanation:

Being able to produce goods at a lower cost is a good thing for a business because it means that the business can be able to sell at a lower price and therefore get more customers and increase overall profitability.

If Raul could access materials from a foreign company at a cheaper rate, this would be advantageous because his company can produce at a lower price and increase profitability.

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2 years ago

Summarize your thoughts, in a minimum of 2 sentences, on why is it important for healthcare workers to be aware of various cultu

Effectus [21]

Healthcare worker's main goals are to treat patient illnesses, but they cannot ignore social and cultural contexts. To provide the best care, it is vital that healthcare workers understand and respect how different cultures and religions handle grief and death. For example, it may be important to have a Rabbi or Priest who can pray with the patient or family if desired.

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2 years ago

Read 2 more answers

You were appointed the manager of Drive Systems Division (DSD) at Tunes2Go, a manufacturer of portable music devices using the l

Volgvan

Answer:

Answer is explained below.

Explanation:

Assume the new testing equipment is rented and installed on December 31 and impact on this year's divisional operating profit

Loss from equipment write-off

Sales revenue 9,820,000

Operating costs:

Variable -1,190,000

Fixed (cash expenditures) -4,390,000

Equipment depreciation -960,000

Other depreciation -710,000

Loss from equipment write-off -5,040,000

Operating profit (loss) before taxes

Operating profit (loss) before taxes=-$2,470,000(Loss)

Loss from equipment write-off= Value of equipment -Equipment Depreciation =$6,000,000-$960,000=$5,040,000

Assume the new testing equipment is rented and installed on December 31. and the impact on next year's divisional operating profit

Sales revenue 9,820,000+690,900=10,510,900 Add 7% of 9,820,000=690,900

Operating costs:

Equipment rental -1,370,000

Variable -1,190,000

Fixed cash expenditures -4,390,000+263,400=-4,126,600 6%of 4,390,000=263400

Equipment depreciation -960,000

Other depreciation -710,000

Operating profit (loss) before taxes 2,154,300(Profit)

Would you rent the new equipment - Yes Because it is benificial for Company as it is earning profit of $2,154,300

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2 years ago