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Airida [17]
2 years ago
15

Steven, a construction worker, tends to buy a new gadget if most of his friends have them and only after they've teased him abou

t not having the gadget yet. He relies on reviews from his friends rather than on television or newspaper advertisements to make his purchase decisions. It can be inferred that when it comes to the diffusion of innovation, Steven belongs to the group of _____.
a. innovatorsb. early majorityc. late majorityd. early adopters
Business
1 answer:
Yuliya22 [10]2 years ago
7 0

Answer: late majority

   

Explanation: In simple words, it refers to the group of people who are last to accept a new technology or product that comes to the market.

These are the group of individuals who remains satisfied with their existing level of technical knowledge and utility and are resistant to any change with respect to it.

In the given case, Steven adopted for new gadget only when his friends pressurized him to do so. Thus, we can conclude that Steve belongs to the group of late majority.

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A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 28,500 uni
gregori [183]

Answer:

Capacity utilization rate in October is 63.75%

Explanation:

Units produced in October = 18170

Units production in most efficient way = 28500

Capacity utilization rate in October = 18170 / 28500 = 0.6375

In percentage,  it is 63.75%

6 0
2 years ago
he following information was taken from the records of Tinker Enterprises: 2019 2018 Beginning inventory $60,000 $50,000 Cost of
Pavlova-9 [17]

Answer:

2019 -  $437,000; 2018 -  $382,000

Explanation:

The computation of the correct cost of goods sold for both 2018 and 2019 is shown below:

For 2019

= Beginning inventory + Cost of goods purchased - Ending inventory

= $68,000  + $420,000 - $51,000

= $437,000

For 2018

= Beginning inventory + Cost of goods purchased - Ending inventory

= $50,000  + $400,000 - $68,000

= $382,000

In 2019

Beginning inventory = $60,000 + $8,000 = $68,000

Ending inventory = $55,000 - $4,000 = $51,000

In 2018

Ending inventory = $60,000 + $8,000 = $68,000

5 0
2 years ago
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,800 rackets and sold 5,700. Each
krok68 [10]

Answer and Explanation:

The preparation of an income statement under variable costing is shown below:-

                   Income statement under variable costing

                                        ACES INC

Sales                                                          $558,600

(5,700 × $98)

Less:

Cost of goods sold

Variable product cost            $147,060

($25.80 × 5,700)

variable selling administrative

expenses ($2.80 × 5,700)      $15,950

Less: Total variable cost                       $163,020

Contribution margin                              $395,580

Less: Fixed overhead cost                    $93,840

Less: Fixed and selling

administrative expenses                       $66,000

Net income                                             $235,740

6 0
2 years ago
Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at
babunello [35]

Answer:

$9,379

Explanation:

using the 2020 tax brackets:

the Comer's gross income = $68,000 + $33,000 + $1,500 = $102,500

taxable income = $102,500 - $24,800 (standard deduction for married couples) = $77,700

taxes owed = $1,975 + [12% x ($77,700 - $19,750)] = $8,929

capital gains = $13,000 - $10,000 = $3,000 x 15% capital gains tax rate = $450

total tax liability = $8,929 + $450 = $9,379

8 0
2 years ago
To what extent do cost recovery deductions based on the capitalized cost of a tangible asset reflect a decline in the economic v
sladkih [1.3K]

Answer:

Cost recovery deductions do not have relationship to any decline in value of the property to which the deduction relates.

Explanation:

Capitalised costs are the cost that is incurred when building and financing a fixed asset. For example labour cost in building and financing an asset.

These expenses are added to the cost of the asset (capitalised) and taken gradually over time through depreciation, depletion, and amortization. They are not taken out of revenue in the period when they were incurred.

So cost deductions through capitalised cost is not related to the value of the asset but is an expense that is incurred in relation to the asset, and it's payment is spread out over time.

For example if $1,200 is incurred on construction of an asset worth $500,000. If $1,200 is capitalised over 12 months $100 will be deducted each month from expense. This does not affect the value of the asset ($500,000).

7 0
2 years ago
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