Pricing is the one and only element of the marketing that helps in revenue generation.
What is pricing?Pricing is a process, which helps in determining the true and fair value of a product or a service that is being offered for sale in the market. At such determined price, the consumers buy such goods or services.
No other element in marketing mix involves revenue generation, as only pricing can bring the inflow of cash in an organization from the buyers in the market as such.
Hence, pricing element of the marketing mix produces revenue for the firm.
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Shenzhen Co. Uses the percentage-of-receivables basis to record bad debt expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are ÂŁ420,000 at the end of the year, and the allowance for doubtful accounts has a credit balance of ÂŁ1,500. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of ÂŁ740 instead of a credit balance of ÂŁ1,500, determine the amount to be reported for bad debt expense.
Based on the information given the appropriate journal entry to record bad debt expense for the year is:
a. Shenzhen Co. Journal entry
Debit Bad Debt Expense $2,700
Credit Allowance for Doubtful Accounts $2,700
[(1%×$420,000)-$1,500]
(To record bad debt expense)
b. Bad debt expense
Bad debt expense=[(1%×$420,000)+$740]
Bad debt expense=$4,200+$740
Bad debt expense=$4,940
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the issuance of stock for cash is reported on the statement of cash flows under
Answer: Finance Activities
Explanation: The issuance of stock is reported on the financing activities in a statement of cash flow. Businesses fund their operations either by the issuance, (sale) of stock or shares which is equity or receiving a bond or note payable which has to be repaid plus its interest which is liability. A transaction that involves a liability or equity will be reported under the financing activities section in a statement of cash flow.
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Best to you.
True or false: No gain or loss is reported when treasury stock is reissued because GAAP does not consider transactions between a corporation and its owners to be profit-making activities. True false question. True False
Answer:
true
Explanation:
GAAP does not allow gains or losses to be reported when a corporation reissues its treasury stock.
a commuter railway has 800 passengers per day and charges each one two dollars per day. for each 1 cents that the fare is increased, 5 fewer people will go by train. what is the greatest profit that can be earned?
The biggest profit that can be made is $ 4,050 with 450 passengers.
To know how many passengers the train needs to obtain the greatest profit, it is necessary to carry out the following operation.
Subtract 5 passengers from the total passengers, and then multiply the result by $ 2.1 as shown below:800 - 5 = 495795 x $ 2.1 = $ 1,680This operation must be carried out repeatedly, decreasing by 5 passengers and increasing the value of the railway ticket by $ 0.1.
The highest value of gain that can be found with this procedure is as follows:
800 - 350 = 450450 x $ 9.0 = $ 4,050.Learn more in: https://brainly.com/question/14918190
The general approach for handling advertising costs which benefit future quarters in interim reports is to:____.
A. prorate them over the current and remaining quarters.
B. charge the expenses in the quarter incurred.
C. disclose them only in the notes.
D. prorate them over all four quarters.
Answer:
The answer to your question will be A
An investor purchased 100 shares of Paradigm Publishing Corporation (PPC) on October 17, 2020. The price was $83 per share. On April 11, 2021, the investor wrote one PPC Nov 85 call for 3. At expiration date, the PPC stock is selling for $80 per share, and the investor liquidates the stock at the market price and the option at its intrinsic value. The net tax consequences are A) $300 long-term loss. B) $300 long-term gain. C) no gain, no loss. D) $200 short-term gain.
Based on the information given the net tax consequences are: C) no gain, no loss.
First step is to compute the breakeven point
Breakeven point=Purchase price-premium received
Breakeven point=$83-[($83-$80)]
Breakeven point=$83-$3
Breakeven point=$80
Based on the given details we were told that the PPC stock is selling for $80 per share and based on the above calculation the breakeven point was also $80.
Therefore the tax consequences is no gain or no loss because PPC stock was sold out at the breakeven point.
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If+d+0+=+$1. 75,+g+(which+is+constant)+=+3. 6%,+and+p+0+=+$32. 00,+what+is+the+stock's+expected+total+return+for+the+coming+year?.
Answer:
$ 102 . 33
Explanation:
jana has agreed to borrow $4,000 through a Subsidized Direct Loan to pay her freshman tuition. When she receives the loan, how much will she get
Answer: $3,957.64
Explanation:
All Direct Loans have a 1.059 percent fee which is deducted from the amount of the loan, up front. This means that Jana's fee is $42.36 ($4,000 x .01059). Therefore, she will only receive $3,957.64.
If Amazon enters the Japanese online market by translating its U.S. website into Japanese the company is using which internationalization strategy
If Amazon enters the Japanese online market by translating its U.S. website into Japanese, the strategy used is the meganational strategy.
A meganational strategy is an international strategy that focuses on reaping cost reductions through the economies of scale. It's a strategy that's used in seeing the world as one big national market.
Since Amazon enters the Japanese online market by translating its U.S. website into Japanese, then the strategy that is used is the meganational strategy.
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An analyst who wants to compare two companies based on their income statement information should prepare a _____ income statement.
Answer:
Classified (Or Multi-Step) Income Statement
Explanation:
A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.
An analyst who wants to compare two companies based on their income statement information should prepare a Classified (Or Multi-Step) Income Statement.
What is a Statement?A statement, like "Pizza is tasty," is a declaration that something is true. In the fields of law, banking, and government, there are more types of statements. Every statement makes a claim or a point. If you see an accident, you have to tell the police what you observed in a statement.
Positive assertions are objective, as is positive reasoning more generally. They can be tested as a result. These can be divided into two groups. One is a claim, such as "a decline in GDP results in an increase.
Unemployment." By examining the GDP and unemployment statistics, this argument can be objectively tested. The second type is a factual remark, such as "It's raining" or "Microsoft is the world's largest manufacturer of computer operating systems."
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Asser and his partner Ali decided to start a business selling flowers called A and A Blooms. They agreed the business
objectives they would set. There are several other shops in the town and much competition. Asser and Ali had little
cash to start the shop, BUT after 5 years running, it is still open. Business objectives have changed, there are plans to
open 2 or 3 new shops, perhaps by taking over some of their competitors. The business now employs 5 workers and
uses several local flower growers as suppliers.
a) What is meant by 'business objective'?
[2]
Goals
Direction in which business Сол be succesful
b) Identify two of A and A Blooms' stakeholders, other than workers and suppliers.
[2]
Customers and Community
c) Identify and explain two likely business objectives of Blooms when the business was first established. [4]
A business objective simply refers to the results that a business wants to achieve. Having a business objective is vital for a business.
It should be noted that business objectives are the measurable results that a business hopes to maintain as the business grows.
The examples of A and A Blooms' stakeholders apart from the workers and suppliers will its shareholders and customers. Stakeholders are affected by the decisions taken by a business.
The two likely business objectives of Blooms when the business was first established include profit maximization and cost minimization.
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How is federal income tax calculated on a paycheck.
Answer:
Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.
Explanation:
While workers in the United States are more task oriented and require information to do their jobs, workers from Korea are more motivated by strong relationships and developing trust to do the same job. That is because Korea is a ______ context culture and the U.S. is a ______ context culture.
Considering the situation described above, it is concluded that Korea is a High context culture, and the U.S. is a low-context culture.
A high context culture is a type of culture that is characterized by collectivism and an implicit form of communication.
On the other hand, a low context culture is a type of culture that is associated with direct verbal interaction and individualism.
It is no secret that the United States promotes individualism or independence as a society which is a form of low context culture. In contrast, the Korean culture promotes stability and group relation, which is a form of high context culture.
Hence, in this case, it is concluded that Korea has high context culture while the United States has a low-context culture.
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*15 POINTS*
PLEASE HELP WITH ALL SOLUTIONS
Answer:
i cant see them
Explanation:
The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sold less repurchased sold repurchased
Answer:
sold
Explanation:
a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due to the risk involved. the pilot declines the additonal premium modification. the insurer will then likely issue the coverage with a(n)
Considering the situation described, the insurer will likely issue the coverage with an Aviation Exclusion.
The addition of Aviation Exclusion risk would curb the insurer's liability to that risk associated with the insurance contract.
This implies that considering the tendency of a pilot to die (not as a fare-paying passenger) in a plane crash or Aviation accident. Still, as a pilot, the addition of Aviation Exclusion would limit or void the insurance policy related to life.
Hence, in this case, it is concluded that the correct answer is "Aviation Exclusion."
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________ are salespeople who sell a manufacturer’s products on an extended contract basis but are not employees of the manufacturer.
Answer:
manufacturer's representatives.
hope this helps! :)
Manufacture's sales representative are sales groups who sell a manufacturer’s commodities on a prolonged contract ground, but are not employees of the manufacturer.
Who is Manufacture's sales representative?A manufacturers' representative is, in its most basic form, defines as someone who agrees to represent a firm and sell their product or service for a certain percentage fee.
He changes some basic commission on sale of the manufacture's product or commodity. Thai commission is also added to the price of commodity.
Sales organizations that market a manufacturer's commodities on a long-term contract basis, but are not employees of the manufacturer, are known as manufacturer's sales representatives.
Therefore, manufacture's sales representative is a person that sales the products on the behalf of manufacture.
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How long does a lender have to fix their net worth if they notify the FL-OFR before the shortage occurs?
According to the established standards and practices, a lender would have to use 120 days to fix their net worth if they notify the FL-OFR before the shortage occurs?
FL-OFR is an acronym for the Florida Office of Financial Regulation.
FL-OFR has three divisions which is headed by the commissioner.
FL-OFR regulates financial activities like consumer finance, financial institutions, securities, etc.
Hence, in this case, it is concluded that the correct answer is "120 days."
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what importance does the stationery and information sources play in the effective and efficient Operation of an organization?
Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "the source of quality and quantity data on the production input."
Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:
It serves as the place to gather data about the strengths and weaknesses of the firms.It is also the source to gather the information opportunities and threats of the organizations.It is also a source of keeping records of finance, employees, success, and failures of the firms.Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.
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In the short run, if a firm produces the level of output at which marginal revenue is equal to marginal cost but price is less than average total cost, the firm will.
When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,
In practice, a perfectly competitive firms will continue to produce output until the marginal revenue equals marginal cost (MR=MC)
When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,
Therefore, the Option C is correct.
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a contract clause which specifies the amount of damages to be paid in the event of a breach is called
A contract clause which specifies the amount of damages to be paid in the event of a breach is called a liquidated damages clause.
When parties are entering into a contractual agreement, certain provisions are catered for in the contract which allows payment of a specified sum should one of the parties be in breach of contract. This is called liquidated damages clause.
The purpose of adding the clause ( liquidated damages clause) is to ensure sure parties to the contract understand and performs their duties accordingly.
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A collective good offers particularized benefits while private goods are broadly distributed. True False
Zach buys most of his day-to-day household provisions from a local supermarket. During one of his visits to the store, he found it unusually crowded. He did not want to wait in the long checkout queue, so he decided to go to another store. Zach's decision is a result of a(n) _____ influence.
Many of the meetings in which office workers are involved are informal, small group meetings
Answer:
false
Explanation:
office meetings are always formal because this is a serious meeting. Every worker is also involved. You can tell by the way they dress the meeting and the way they speak is formal.
In Agile projects, detailed risk planning occurs during iteration planning, daily-up meetings, and retrospectives. True False
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Early risk planning, assessment, and response planning are done at a high level in Agile projects, and more detailed and timely risk management occurs during iteration planning, daily stand-up meetings, and retrospectives at the end of each iteration. The statement is true.
What are Agile projects?The programs adopting Agile software development practices require a rigorous process to regularly identify, assess, mitigate, and track risks. Throughout the program lifecycle, programs must actively manage risks by integrating risk mitigation strategies into acquisition strategies and key program processes. Agile allows for some novel risk management aspects and mitigations.
Risk management is an essential component of release and sprint planning and development in an Agile environment. Many risk-management features have been built into the Agile development process. User dissatisfaction is often mitigated by frequent software deliveries of high-priority user capabilities and responsiveness to changes. Incorporating mature technology and designs in shorter releases and sprints aids in technical risk management.
Agile development reduces overall program risk because each release includes some level of useful capability. Therefore in Agile projects, detailed risk planning occurs during iteration planning, daily-up meetings, and retrospectives.
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The most basic form of ownership in a firm consists of:
enterprise opportunities
Distinguish between Economic and Non-economic activities on the
basis of
(i) Purpose
(ii) Outcome
The difference between economic and non-economic activities can be drawn clearly on the following grounds:
An activity related to production and consumption of goods and services for economic gain is known as economic activities. An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity.Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement.Economic activities have a pragmatic approach, in essence, it deals with things in a practical way. As against this, non-economic activities have an idealistic approach wherein more importance is given to human values instead of money.Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness.Economic activities are very important for the economy as they add value to the country’s gross domestic product (GDP). As opposed to non-economic activities, which have no influence over country’s national income.Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck? A checking account has columns check number, debits, deposits, balance. Deposits Balance Debit Check number
Answer:
a. Deposits
Explanation:
Answer:
A: Deposits
On Edge
what is the name of the honor society for students in the ivy college of business?
The name of the honor society for students in the Ivy college of business is the Cardinal Key Honor Society.
The Cardinal Key Honor Society is simply a national organization for the students in American colleges and universities.
The honor society for students in the Ivy college of business is the Cardinal Key Honor Society. The Cardinal Key Honor Society is for the people who are seen as leaders in the college and community. They are also seen as potential leaders in the future.
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