A sales forecast is the volume of merchandise that an organization anticipates selling over a given period of time, based on a predetermined level of marketing activity.
What exactly do you mean by marketing?
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing.
Sales forecasting is the act of determining how much a sales unit—which can be a single salesperson, a sales team, or an entire company—will sell over the course of the upcoming week, month, quarter, or year.
Thus, organizing expectations for sales during a given period of time refers to the sales forecasts.
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If you have an orientation where you read manuals and fill out paperwork, it is probably a _____. a. new hire orientation b. interactive orientation c. reorientation d. mentorship please select the best answer from the choices provided a b c d
If you have an orientation where you read manuals and fill out paperwork, it is probably new hire orientation. Thus option A is correct.
What is orientation?The process of acclimating freshly hired personnel to their new office is called orientation. It gives staff members the fundamental organizational knowledge they require to feel ready for their new workgroup, division, and job within the company.
As there will be new people or employees who will be coming to get the job. So it will be a necessity to give them information about the company.
Also what will be their job or what are the rules and regulations is to be told to the employees. Therefore, option A is the correct option.
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Product package sizes are becoming smaller around the world in a phenomenon called….
in the preparation of a pro forma income statement, an entrepreneur must first _____.
In the preparation of a pro forma income statement, an entrepreneur must first develop a sales budget.
What is sales budget?A sales budget is what gives summary of quantity of goods and services which a company intends to sell in the future. It is however used in the production budget.
Hence, in the preparation of a pro forma income statement, an entrepreneur must first develop a sales budget.
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The country of Bratislaka hired Gudurn to assist with government policies regarding the macroeconomy. Gudrun is a neoclassical economist and makes all decisions based on those economic philosophies. What policies will Gudrun tell the government to enact in order to foster a health economy
The policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.
What is tax?It should be noted that tax simply means the compulsory levy that's paid to the government by individuals and businesses.
In this case, the policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.
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The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called:
The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.
Shift in DemandWhen a fundamental driver of demand changes, the location of the demand curve will move to the left or right.The demand curve shifts to the right to indicate increases in demand. A rise in income, an increase in the cost of a substitute, or a decrease in the cost of a complement could all contribute to this.An increase in the quantity needed at every price results from a movement in demand to the right. For instance, if drinking coke gets more popular, demand will rise regardless of price.
Hence, the change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.
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friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between:
Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between: unanticipated inflation and cyclical unemployment.
What is inflation?
This is the time in the government or the economy of a nation where they are faced with the rise in the prices of goods and services.
This may cause people to lose their jobs and also cause people to buy less of goods and services.
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A company purchased new equipment for $52,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,600; sales tax paid $2,900; and installation cost, $3,100. The cost recorded for the equipment was:
The cost at which the purchased equipment is being recorded but ignoring the sales tax is equivalent to $57,700.
What is the purchase cost?Purchase cost is the value at which the fixed asset is acquired by the company along with other related expenditures.
The purchase cost of equipment can be determined as follows:
Type of costs Amount
1) Purchase cost $52,000
2) Cost of installation 3,100
3) Cost of transportation 2,600
Total costs $57,700
Therefore, $57,700 is the total cost of the equipment being acquired by a company except for the sales tax amount which is being paid by the sellers.
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The essence of a broad differentiation strategy is to a. appeal to the high-end part of the market and concentrate on providing a top-of-the-line product to consumers. b. incorporate a greater number of differentiating features into its product/service than rivals. c. lower buyer switching costs. d. outspend rivals on advertising and promotion in order to inform and convince buyers of the value of its differentiating attributes. e. offer unique product attributes in ways that are valuable and appealing and that buyers consider the cost worth it.
The essence of a broad differentiation strategy is to e. offer unique product attributes in ways that are valuable and appealing and that buyers consider the cost worth it.
What is differentiation strategy?A differentiation strategy can be regarded as a approach businesses which is used in making the product of a company to be unique to have upper hand on the competitors.
It should be noted that differentiation strategy increase comparative advantages.
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On January 1, 2020, Archer, Incorporated, paid $100,000 for a 30% interest in Harley Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Harley having a book value of $10,000 was actually worth $40,000 with a six-year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2020, Harley reported net income of $50,000 and paid dividends of $20,000 while in 2021 it reported net income of $75,000 and dividends of $30,000. Assume Archer has the ability to significantly influence the operations of Harley. The amount allocated to goodwill at January 1, 2020, is
The amount allocated to goodwill at January 1, 2020, is $16,000.
GoodwillFirst step
Book value purchased = (550,000 - 300,000) ×30%
Book value purchased= 250,000 ×30%
Book value purchased= 75,000
Excess=75,000 × 30%
Excess= 25,000
Second step
Allocated to patent= (40,000 - 10,000)×30%
Allocated to patent= 30,000×30%
Allocated to patent= 9,000
Third step
Goodwill = 25,000 - 9,000
Goodwill=$16,000
Therefore the amount allocated to goodwill at January 1, 2020, is $16,000.
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when quantity demanded increases at every possible price, the demand curve has
When quantity demanded increases at every possible price, the demand curve has: shifted to the left.
What is quantity demand?Quantity demand can be defined as the amount of goods that consumer are ready to buy at a particular period of time.
According to the law of demand the higher the demand the lower the price and the higher the price the lower the demand.
Therefore when the demand of a product in the market increase this means that demand curve has move or shift to the left.
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If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the _____ marks the point of decision
If a test is being used to make a dichotomous decision (e. G. , suitable or unsuitable for the job), the cutting marks the point of decision.
What is the usefulness of cut off mark in a test?cut off mark in a test is been used in the selection process after the test which is very important in the point of decision.
And this will be necessary to get the good hand for the job when the test is being used to make a dichotomous decision.
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Increased flexibility in scheduling has become an important benefit for employers to offer because of: multiple select question. the increase in two-income families employer tax deductions the increase in single parent homes the increase in the birth rate
The Increased flexibility in scheduling has become an important benefit for employers to offer because of increase in single parent homes and the increase in two-income families.
What is the meaning of Scheduling ?
In a production process or manufacturing process, scheduling is the process of organizing, managing, and optimizing work and workloads.
Scheduling is used to distribute resources for equipment and buildings, prepare for human resources, organize work processes, and buy goods.
The flexible schedule must be prepared for the single parent homes and also for the two income families by the employers.
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Answer:
1. The increase in two-income families
2. The preferences of Gen X and Milennial workers
Explanation:
Which of the baldrige criteria is given the most weight in selecting winners?
Results are heavily weighted toward the Baldrige criterion. This is further explained below.
What are Baldrige's criteria?Generally, "Integrated management framework" refers to a set of tools used to analyze and improve business operations.
In conclusion, Sampling acceptance rates for winners are heavily weighted toward those that meet the Baldrige standards.
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what type of transaction is recorded when a customer pays via a payment link?
The type of transaction that is recorded when a customer pays via a payment link is:
Sales ReceiptWhat is a Sales Receipt?A sales receipt is a confirmation of payment. After a given amount is deposited for a good or service, the system automatically generates a confirmation of the transaction. This is called a sales receipt.
The sales receipt can be screenshot as proof of payment.
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supplies expense is ______ and supplies is ______ for the amount of supplies used during the period that were originally recorded as an asset when purchased.
Supplies expense is debited and supplies is credited for the amount of supplies used during the period that were originally recorded as an asset when purchased.
What is supply?It should be noted that supply simply means the amount of goods and services that the seller is willing to sell at a price.
In this case, supplies expense is debited and supplies is credited for the amount of supplies used during the period that were originally recorded as an asset when purchased.
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Whether supplier-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of a. whether the profits of suppliers are relatively high or low. b. the average number of suppliers that each seller/industry member purchases from. c. how aggressively rival industry members are trying to differentiate their products. d. whether demand for supplier products is high and they are in short supply. e. whether the prices of the items being furnished by the suppliers are rising or falling.
The supplier-seller relationships can bring about competitive pressure, which is determined by whether demand for supplier products is high or are not much available.
What are competitive pressures?competitive pressure are those pressures that are been faced by a company from their competitors in the market.
When the demand for supplier products is high, then there is a strong source of competitive pressure.
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Redmont company's gross salaries and wages are $30,000, and it withholds $4,500 for income taxes and $2,000 for fica taxes, the journal entry to record the employees' pay should include a:
Based on the income taxes and the fica taxes, the journal entry needed to record employees' pay should include a credit to Salaries and Wages Payable for $23,500.
What journal entry would represent the date?An amount will have to be credited to the Salaries and Wages payable account to show that the company owes wages.
The amount is:
= Gross salaries - taxes
= 30,000 - 4,500 - 2,000
= $23,500
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Mary is preparing a purchase offer for her buyer client. It's a fairly standard offer: a little less than list price, with the seller paying a little toward the buyer's closing costs. Mary fills in the blanks on a standard form used in her brokerage firm based on the current situation. Is this okay
Answer:
I think that Mary is doing right
Yes, Mary can use the standard forms that her brokerage uses (assuming these forms were originally created or approved by an attorney). Thus option D is correct.
What is list price?The price of a good or service that is mentioned or recorded is called the list price. In a seller's pamphlets of sales literature, list prices are provided. To fix the prices that merchants charge for a vendor's items, a list price is published.
A form of money down known as a mortgagee mortgage involves the buyer lending the seller a note. It is applied to the purchase's total cost. If the standard forms used by Mary's firm were initially drafted or cleared by an attorney, she may use them.
The attempt to purchase would become a contract and when both parties have signed it and any subsequently is must or amendments have been accepted. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be :
Mary is preparing a purchase offer for her buyer client. It's a pretty standard offer: a little below list price, with the seller paying a little toward the buyer's closing costs. Mary fills in the blanks on a standard form used in her brokerage firm based on the current situation. Is this okay?
A. No, Mary is not an attorney and shouldn't prepare contracts.
B. No, Mary should have her client prepare the offer.
C. No, Mary should hire an attorney to prepare the purchase offer.
D.Yes, Mary can use the standard forms that her brokerage uses (assuming these forms were originally created or approved by an attorney).
During the production era it was believed that one should produce as much as you can, because:
During the production era it was believed that one should produce as much as you can, because: the resources was unlimited.
What was the production era?This was the era that started the industrial revolution in the United States. The industrial era is known for the low cost production and mass production.
People produced goods and there was market for the products hence there was profitability.
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A registered representative hires a contractor to add a 2-bedroom wing to his house to accommodate his growing family. When the contractor finishes the job, there are a number of items that the representative wants repaired, so he withholds $10,000 of the final payment. The contractor believes that he completed the job properly and, at his first opportunity, files a mechanic's lien for the $10,000 amount. This is an event that:
The event of what is going on based on this case is that there is a breach of contract between the contractor and the home owner.
What is the breach of contract here?The agreement that was done for the job was to add a wing to the 2 bedroom wing.
But from what is seen here, the owner of the bedroom is saying he would withold for a different thing that was not clearly stated initially.
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Which of the following is not a characteristic of a bottom-up budget environment? Executive management creates the budget. At each higher level of management, the budget is reviewed and may be altered. The budget approach may also be referred to as participative budgeting. All of these answer choices are characteristics of a bottom-up budget environment.
The following is not a characteristic of a bottom-up budget environment is:
(A) Executive management creates the budget.
Bottom up budgeting is a shape of monetary budgeting wherein a agency lets in every branch to set their very own price range. Each branch creates a listing of prices and fee projections, that's then submitted for evaluation from senior management. Once agreed, those separate budgets are brought collectively to shape the agency’s common price range.
It is likewise called participative budgeting due to the fact branch managers are given a position in placing their very own budgets. Bottom-up price range techniques permit for extra accuracy and incentivize personnel to play through the budgeting rules.
As discussed, backside-up budgeting is based on every branch supervisor taking possession in their very own spending. But to stay in control, senior management will use budgeting software program and era to supervise development and limits. Ownership and decision-making lives with price range managers, however finance groups have budgetary control.
Currently, simplest 40% of groups appoint a cloud-primarily based totally device. For an multiplied danger of backside up price range achievement throughout all regions of an organization, a software program device is notably recommended.
Thus, we will say that the right choice is A.
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kentucky licensee giana manages three star realty’s main office. she’s in charge of training and mentoring the firm’s staff. what kind of licensee is she?
Giana who is in charge of training and mentoring the firm’s staff is a:
Principal BrokerWho is a Principal Broker?A principal broker is found in many real estate offices. The role of these brokers is to ensure that all the staff and their methods of engagement are in agreement with the proscribed laws of the nation and state.
Since Giana has to train and mentor the firm's staff to conform to agreed standards, she can be referred to as a Principal Broker.
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A full outer join with the matching rows removed is known as a ______________.
A full outer join with the matching rows removed is known as a UNION JOIN
What is UNION JOIN?Union join is a SQL command used to join matching rows data analysis. it is an important query used to locate and join matching rows in a given raw data.
This operator is crucial because it helps removes any duplicates present in the results being combined.
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which of the following statements are true (picture attached)
If the cardholder makes the payment of $523.20 on time, which is by the due date, she will not have to pay any interest to the credit card company.
What is a due date?Due date is the date on which the payment or a receipt becomes due to be paid as per the agreements made by both the parties to a transaction.
In case of a credit card, no interest is charged on the limit used, if the repayment is done on or before the due date of repayment of such limit by the cardholder.
Hence, option D holds true regarding the due date.
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The return that lenders require on their loaned fund to the firm is called the:
The return that lenders require on their loaned fund to the firm is called the interest.
What is interest?
Interest is payment made by the borrower to the lender for the use of their funds. Interest depends on the amount borrowed, the interest rate and the length of the loan. The payment of interest is made at predetermined intervals.
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Which pair of products can be regarded as substitute products?
The products can be paired as substitute products is Internet radio and traditional radio
Because both the products provide the same benefit and result. Both provide audio output.
What is a Substitute?
The substitute products are the products that can be replaced for each other providing the same benefit and result.
Few examples of the substitute products are as follows
Books and E-booksButter and margarineEye glasses and contact lensesFlip flops and sandalsSalmon and Tuna#SPJ12
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In general, the short-run economic framework deals with issues of:
In general, the short-run economic framework deals with issues of aggregate demand.
What is aggregate demand?Aggregate demand measures the total demand of a particular goods or services.
This can be done for a given time and product to determine the stable products.
Therefore, In general, the short-run economic framework deals with issues of aggregate demand.
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The ____ was passed by Congress in an attempt to encourage government employees to report cost overruns by government contractors.
The Whistleblower Act was passed by Congress in an attempt to encourage government employees to report cost overruns by government contractors.
What is Whistleblower Protection Act ?The Whistleblower Protection Act protects “any disclosure of information” by federal government employees that they “reasonably believes evidences an activity constituting a violation of law, rules, or regulations, or mismanagement, gross waste of funds, abuse of authority or a substantial and specific danger to public health and safety.”
It prohibits retaliation such as demotions, pay cuts, or dismissals for blowing the whistle and provides legal remedies to whistleblowers who experience such retaliation. It also allows whistleblowers to make their disclosures confidentially.
What the Whistleblower Protection Act say?The Whistleblower Protection Act forbids every state official and employee from retaliating or attempting to retaliate against any employee or applicant for employment who reports an improper activity.
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Since most data for a given market study is not readily available, analysts must be creative in their use of data that they are able to obtain. The primary source for detailed household demographic information is:
The primary source for detailed household demographic information is The U.S Bureau of the Census
What is a Census?This refers to the count of people in a given geographical area and is usually done country-wide to find out the population.
Hence, we can see that since most data for a given market study is not readily available, the primary source that can be used to get household demographics is the U.S Bureau of the Census
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Dr. Crane is studying patients who are in the residual phase of schizophrenia. His colleague, dr. Mellus, takes detailed notes during a series of interviews and interactions that dr. Crane has with one such patient for later analysis. What research method are these doctors employing?.
The research method being used by Dr. Crane while diagnosing a patient who is going through the residual phase of schizophrenia is the case study method.
What is the case study method?A case study method is one of the research methods used to identify the patient's detailed study about his/her respective illness.
According to a given situation, the interviews and interactions being taken by Dr. Crane with the patient in order to know well about his/her condition as he is going with the disease of schizophrenia. His colleague makes notes of whatever going through during those interviews and interactions. These notes helped him to analyze the case and then prescribe an appropriate solution for overcoming his/her illness.
Therefore, the case study method is being followed by Dr. Crane in order to diagnose the patient's illness of schizophrenia.
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