Answer:
a. 0.23; No, the city does not have a competitive advantage in this industry
Explanation:
Calculation to determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry
Location quotient for Music City= (3020/ 656,785)/ (2,160,970/ 106,201,232)
Location quotient for Music City=0.004598/0.020347881
Location quotient for Music City= 0.225
Location quotient for Music City= 0.23 (Approximately)
Based on the above calculation the city does NOT have a competitive advantage in this industry.
Answer: $120000
Explanation:
Share of voice refers to the measure of the exposure that a particular business gets when it's being compared to other competitors. The share of market is the percentage of a market that a company earns.
From the information given, since 60% of the market sales equate to $240000 spent a year, then in order to achieve a market share of 30%, ½ of $240000 will be spent which is $120000. Therefore, Great Catch should be prepared to spend at least $120000 if it hopes to achieve a market share of 30 percent.
Answer:
option 1 and option 2
Explanation:
option 1 and option 2
1)Take up the box: force is upwards, displacement is upwards as well, so good work as force & displacement are in the same direction
2) Accelerating:: because the individual is moving, force is positive, displacement is also in the same direction, so the work is positive.
3) carrying box at fixed speed :: as speed remain constant , force = 0 , therefore work =0
4) Decelerating to stop :: force is -ve because it is moving to finally stop, thus negative work
5) Lowering of the box :: force acts up direction , displacement is down , hence -ve work
Answer:
$45,650
Explanation:
a) Calculations of Retained Earnings:
Beginning balance = $44,300
Net Income = 7,300
less Dividends -5,950
Ending balance = $45,650
b) A statement of changes in Retained Earnings is always prepared to include the net income available for distribution to stockholders and exclude the distributions already made to stockholders in the form of dividends before arriving at the ending balance of Retained Earnings. This later figure is reported in the Balance Sheet. This process is also part of the closing entries of temporary accounts to permanent accounts at the end of an accounting period.
Demand should be right since its the public's demand what gets put out in the market for them to consume.
