The difference between the cost of a product or service and the selling price of that product or service is called

Answers

Answer 1
Answer:

Answer:

rate

Explanation:

it's called at rate

Answer 2
Answer:

Final answer:

The difference between the cost of a product or service and the selling price is called profit margin. It measures the profitability of a product and is calculated by subtracting the cost from the selling price, and then dividing by the cost.

Explanation:

The difference between the cost of a product or service and the selling price of that product or service is called profit margin. It is a crucial financial metric used in business to measure profitability. The profit margin is usually expressed as a percentage. For example, if a product is bought for $50 and it is sold for $70, the profit margin would be 40%, calculated by subtracting the cost from the selling price, dividing by the cost, and then multiplying by 100.

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In order to perform management functions, a manager must possess the ability to think in abstract terms in order to see the "big picture." This skill is known as a(n):

Answers

Answer: Conceptual skills

Explanation: Conceptual skills of a manager refers to the ability of the manager to visualize the entire organisation he works for and taking into consideration all the abstract factors in decision making process.

As per the modern theories in business management conceptual skills are important for a manager.

Thus, from the above we can conclude that the right answer to the given problem is conceptual skills.

Juan wants to deposit $700 into savings accounts at three different banks: bank of chance, merchant bank, and utopian financing. he will deposit four times as much into merchant bank as bank of chance because they offer a higher interest rate. he also expects the utopian financing deposit to be only 25% of the total of the other two deposits. how much will juan deposit into the utopian financing savings account?

Answers

Let bank of chance deposit = x

Merchant bank deposit = 4x

Utopian deposit = 0.25*(x+4x) = 0.25*5x = 1.25x

x + 4x +1.25x = 700

6.25x = 700

x = 700/6.25 = 112

Deposit into Utopian financing account = 112*1.25 = $140

Deposit into Utopian financing account= $140

Wiring used by the Appliance Division of Kaufman Manufacturing is currently purchased from outside suppliers at a cost of $25 per unit. However, the same materials are available from the Electronic Division. The Electronic Division has unused capacity and can produce the materials needed by the Appliance Division at a variable cost of $20 per unit.Assume that a transfer price of $22 has been established and that 150,000 units of materials are transferred, with no reduction in the Electronic Division’s current sales.
a. How much would Kaufman Manufacturing’s total operating income increase?

Answers

Kaufman Manufacturing's total operating income would increase by $300,000.

To calculate the increase in Kaufman Manufacturing's total operating income, we need to compare the cost of purchasing the materials from outside suppliers with the cost of producing the materials in the Electronic Division and transferring them to the Appliance Division at the established transfer price.

If Kaufman Manufacturing purchases 150,000 units of materials from outside suppliers, the cost would be $25 per unit, which gives a total cost of:

150,000 x $25 = $3,750,000

If the Electronic Division produces 150,000 units of materials at a variable cost of $20 per unit, the total cost would be:

150,000 x $20 = $3,000,000

At a transfer price of $22 per unit, the total revenue from transferring the materials would be:

150,000 x $22 = $3,300,000

Therefore, the total operating income would be:

$3,300,000 - $3,000,000 = $300,000

So Kaufman Manufacturing's total operating income would increase by $300,000.

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Mary co-signs for a car loan for Barbara. What can happen to the car if Barbara misses a few payments on the car loan?

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Most likely, Mary would be charged a higher amount of interest for missing payments, and would be charged more and more the if she continued to miss payments.

What is form utility and what is place utility

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Answer:

Explanation:

Form utility can be defined as the process of utilizing the raw material for the preparation of finished goods. The manufacturing companies takes a huge effort to assemble all components to develop a product. Place utility reflects how the products are presented in front of customers through using media, advertisement and other marketing strategies.

Form

Form refers to the product or service you offer your customers. Your marketing team carries out research into customer needs to develop a specification for a product or service. Your product development team can then develop a product or service that meets customers’ needs and provides your customers with important business benefits such as lower costs, improved productivity, easier installation or stronger competitive advantage. Your marketing team is creating utility by transforming customers’ needs into product or services that deliver added value.

Place

The utility of place refers to the availability of a product or service in a location that is convenient to your customers. In business marketing, place can refer to the convenience of your distribution channels or direct sales operations. By improving the utility of place, you are ensuring that your customers will find it convenient to buy your product. If you market services, you can improve utility for your customers by developing self-service facilities on your website, for example. Customers can find answers to straightforward technical problems or post questions on a forum where your team or other customers can provide answers

Which of the following is false? a) Corporate data is supplied by Transaction processing systems. b) Information systems are only used by large organizations. c) Reports from information systems are used in all levels of the organization. d) Data from TPS systems feeds ERP systems. e) Information systems within an organization support internal and external processes.

Answers

Answer:

b) Information systems are only used by large organizations.

This statement is false. Information systems are not limited to large organizations. Organizations of all sizes, including small and medium-sized enterprises, utilize information systems to support their operations, decision-making processes, and communication both internally and externally. Information systems are essential tools for managing data, generating reports, facilitating collaboration, and improving overall efficiency and effectiveness, regardless of the organization's size.