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Deffense [45]
2 years ago
13

An industrial buying practice in which two organizations agree to purchase each other's products and services is referred to as

reciprocity. a supply partnership. a tying arrangement. noncompetitive bidding. exclusive dealing.
Business
1 answer:
Reil [10]2 years ago
4 0
The answer is reciprocity. This is the trading of equivalent or indistinguishable favorable circumstances or benefits, for example, expulsion of voyaging confinement between two nations. 
Regarding International exchange, this is bringing down of import obligations and other exchange boundaries as an end-result of comparative concessions from another nation. Correspondence is a conventional rule of GATT/WTO, however is practicable just between created countries because of their generally coordinating economies. For exchange amongst them and creating countries, the idea of relative correspondence is connected whereby the created countries acknowledge not as much as full correspondence from their creating exchanging accomplices.
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On January 23, Marco Company sold inventory costing $23,000 to customers on account for a price of $44,000. Which ONE of the fol
ohaa [14]

Answer:

e. DEBIT to Accounts Receivable $44,000

Explanation:

The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue;  

 

Income 44000

Costing 23000

 

e. DEBIT to Accounts Receivable $44,000  

7 0
2 years ago
Imagine that the U.S. Congress, recognizing the importance of being well dressed, started giveing preferential tax treatment to
andrezito [222]

Answer:

Part a.

If the Congress of country U to clothing insurance gives a preferential tax treatment, and the insurance company agrees to pay 80% of the clothing expenses and the tax subsidizes the insurance premium, it will result in increase in the consumption of clothes, because people will buy clothes as if they were free.

With this change in behavior there will be decline in economic efficiency because purchasing of formal and expensive clothing is not done on a regular basis, with clothing insurance people will buy less costly daily wear clothes at subsidized rates or for free and the price of clothes will decrease.

Part b.

People who can pay for the 20% remaining cost of clothes will buy insurance clothing and those who can pay the premium. Moreover, the rich will over consume than the poor because they are the ones who will give more importance to good clothing.

Part c.

If a person spends $2000 on clothing the clothing, insurance cost will be more than $2000 because higher the probability of claim higher will be the premium charged by the insurance company.

Part d.  

This is not a good idea by the Congress of country U because good clothing is something every person would like to have. Like in health insurance, people should be insured for big life threatening health issues and for minor health issues people should pay out of their pockets, because people take health insurance benefits for minor health issues since health is more or less free in the COUNTRY U. The high premium costs and high prices are completely ignored.

7 0
2 years ago
Ohio Swiss Milk Products manufactures and distributes ice cream in Ohio, Kentucky, and West Virginia. The company wants to expan
LenaWriter [7]

Answer:

a. The regression equation required is Y = 915.18 – 0.2819X.

b. b-1. Correlation coefficient (r) = –0.9423

b-2. Coefficient of determination = r^2 = 88.80%

b-3. The negative correlation coefficient of -0.9423 implies that increase in X mostly causes a decrease in Y. The coefficient of determination implies that 88.80% variation in Y is explained by X.

c. The manufacturing cost per gallon is $823.56.

Explanation:

Note: See the attached excel file for the calculation of Mean of X and Y and other values.

a. Develop a regression equation to forecast the cost per gallon as a function of the number of gallons produced.

The regression can be written as follows:

Y = bo + b1X ………………… (1)

b1 = (Sum of (Y - Mean of Y) * (X - Mean of X)) / (Sum of (X - Mean of X)^2) = –34,273.08 / 121,585.14 = –0.2819

b0 = Mean of Y – (b1 * Mean of X) = 1,018.20 - (365.44 * 0.2819) = 915.18

Substituting b) and b1 values into equation (1), regression equation to forecast the cost per gallon as a function of the number of gallons produced can be written as follows:

Y = 915.18 – 0.2819X ……………………….. (2)

Equation (2) is the regression equation required.

b. What are the correlation coefficient and the coefficient of determination? Comment on your regression equation in light of these measures.

b-1. Correlation coefficient (r) can be calculated using the following formula:

r = (Sum of (Y - Mean of Y) * (X - Mean of X)) / ((Sum of (Y - Mean of Y)^2) * (Sum of (X - Mean of X)^2))^0.5 = –34,273.08 / (10,879.60 * 121,585.14)^0.5 = –0.9423

b-2. Coefficient of determination = r^2 = –0.94^2 = 0.8880, or 88.80%

b-3. The negative correlation coefficient of -0.9423 implies that increase in X mostly causes a decrease in Y. The coefficient of determination implies that 88.80% variation in Y is explained by X.

c. Suppose that the market survey indicates a demand of 325,000 gallons in the Bucyrus Ohio, area. Estimate the manufacturing cost per gallon for a plant producing 325,000 gallons per year.

Since X and Y are in thousands, 325,000 gallons implies we have:

X = 325

Substitute X = 325 into equation (2), we have:

Y = 915.18 - (0.2819 * 325)

Expressing in full form, we have:

Y = $823

Therefore, the manufacturing cost per gallon is $823.56.

Download xlsx
3 0
2 years ago
Tom works for a large payroll outsourcing firm. One of his key customer’s contracts is set to expire in one month. Competition h
bazaltina [42]

Answer:

He should Provide arguments that his firm can meet the customer’s specific needs

Explanation:

Provide arguments that his firm can meet the customer’s specific needs.

,Tom talked about the industry trends, how the firm has been successful and presented price options.

An important point that he didn't address and that is crucial in these cases: it is to explain why the firm is the best option for the customer in terms of what the firm can do to fulfill the customer's needs and help them achieve their goals. This is because different competitors offer the same services and what would set your company apart is how it can better address the customer's needs.

8 0
2 years ago
If a company's actual results for revenues, net profits, eps, and roe turn out to be worse than projected, then it is usually be
34kurt
<span>If a company's actual results for revenues, net profits, EPS, and ROE turn out to be worse than projected, then it is usually because a</span> company might lose its sales revenue and market share if it is unable to respond rivals market strategy. 
8 0
2 years ago
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