Sharon is the chief marketing officer for a well-known bank. After looking at the
company's sales data, she recognizes that most of the accounts were held by clients
who lived in the neighboring city. She decides she will boost advertisements in the
neighboring city to increase their number of bank accounts. What did Sharon
determine by looking at her company's sales data?
- Revenue
- Target market
- Pricing
- Value proposition
Answers
Based on the sales data that Sharon saw, she was able to determine the company's target market.
What is a target market?This refers to the market segment that mostly uses or patronizes the goods and services offered by a company.
In this case, Sharon noticed that their company is usually patronized by clients in the neighboring city. This is therefore their target market as they are the majority market segment using the company's services.
In conclusion, option B is correct.
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Related Questions
How do the instances when expansionary fiscal policy should be used compare with those for contractionary fiscal policy? (1 point)
Expansionary fiscal policy should be used to increase government revenue and contractionary fiscal policy should be
used to increase consumer spending.
Expansionary fiscal policy should be used to combat high inflation and contractionary fiscal policy should be used to
increase government revenue.
Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal
policy should be used when there is high inflation.
Expansionary fiscal policy should be used to decrease the unemployment rate and contractionary fiscal policy should
be used when economic growth is too fast.
Answers
The right option is that Expansionary fiscal policy should be used during recessions to help build the economy and contractionary fiscal policy should be used when there is high inflation.
How is expansionary fiscal policy compare to contractionary fiscal policy?Contractionary fiscal policy is known to be a policy that applies when the government taxes are said to be more than what they spends.
The Expansionary fiscal policy is known to be when the spending of the government is said to be more than the government taxes.
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Would you expect supply to play a more significant role in determining the price of a basic necessity like food or a luxury like perfume? Explain. Hint: Think about how the price elasticity of demand will differ between necessities and luxuries.
Answers
I would expect supply to play a more significant role in determining the price of a basic necessity.
Why would supply play a more significant role in determining the price of a basic necessity?
A basic necessity is a good that is needed by the population. For example, food is needed for survival. As a result, the demand for a basic necessity is usually inelastic. This means that the quantity demanded is not sensitive to price changes.
This means that supply would play a more significant role in determining the price of a basic necessity because of the inelasticity of demand for basic necessities.
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g If Marjorie Wilcox borrows $300 for one year with an APR of 21% and an annual service fee of $6, what is her total cost of credit
Answers
Based on the information given her total cost of credit is $69.
Total cost of creditUsing this formula
Total cost of credit =(Amount borrowed×APR)+Annual service
Where:
Amount borrowed=$300
APR=21%
Annual service=$6
Let plug in the formula
Total cost of credit=($300×21%)+$6
Total cost of credit =$63+$6
Total cost of credit=$69
Inconclusions her total cost of credit is $69.
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When interest rates are high, consumers have a greater incentive to ______ more, but when interest rates are low, consumer have a greater incentive to ______. M
a. buy; sell
b. borrow; save
c. sell; buy
d. save; borrow
Answers
When interest rates are high, then the consumers have a greater incentive to save more, but when interest rates are low, consumer have a greater incentive to borrow more.
What is Interest Rate?This refers to the charge which is given for a particular loan which is replayed after a certain time.
With this in mind, high interest rates are not appealing to customers so they rather save and then borrow when the interest rates are low.
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ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answers
Answer:
understanding the interest rate
Explanation:
i took the test
Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie's Mugs' profit was ______. Multiple choice question.
Answers
Answer: $2200
Explanation:
profit= 300 * (20 - 7) - 1700 = 2200
What are extension strategies?
Answers
➣ Extension strategies are marketing techniques that seek to improve sales to extend the life of a product before decline begins.
➥ I hope I have helped you, greetings! Atte: ღTheGirlSadღAnswer:
Extension strategies are marketing techniques that seeks to improve sales to extend the life of a product before decline begins .A system that a country chooses to allocate its resources and distribute its goods and resources.
Answers
Answer: Your answer is an economic system.
Hope this helped!
If Daniel's cupcake shop has fixed
costs of $10,000, and a variable cost
of $1.00 per cupcake, what are his
total costs if he sells 2,000 cupcakes?
Answer choices:
- $14,000
- $12,000
- $8,000
- $10,000
Answers
$1 per cupcake for 2000 cupcakes = $2,000
Add the fixed costs:
$2000 + $10000 = $12.000
Answer: $12,000
What is the major difference between a nonprofit organization and a for-profit organization?.
Answers
Answer:
nonprofits have a social mission, while for-profits aim to offer products and services that are valuable and that make them a tom of money. Then they get money. and also non profits don't make a profit they just pay for themselves and their product.. 0 profit
Explanation:
The company shipped merchandise valued at $75,000 F.O.B. destination on December 23, year 2, and recorded the sale and relief of inventory on that date. The customer received the merchandise on December 31, year 2. The merchandise has a profit margin of 10%. Record the necessary year 2 adjustments, if any.
Answers
Answer:
A is the answer through Alex
Dr. Gonzales is concerned that including income, education, and occupational status, but not wealth, into a measure of socioeconomic status is problematic. Which type of validity is Dr. Gonzales concerned with?
Answers
The type of validity is Dr. Gonzales concerned wit is known as Content validity.
What is Content validity?Content validity is known to be one that is interested in coverage, or how well a specific element is taking all the different meanings of a single idea.
A multidimensional concept is one that is based on a key challenge to valid measurement..
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The global market is a chain of u. S. Grocery stores where customers can purchase foods, beverages, and canned goods from other countries. Global market is an example of a company that:.
Answers
Global market is an example of a company that: Imports.
What is Importation?Importation is a business model that is focused on buying goods and services from other nations to resell in one's own country.
Given the business structure of Global Market, we can infer that they are a business that is focused on imports.
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When people from the United States travel to countries in Europe, they might check to see how the U.S. dollar compares to the euro. In doing so, they are checking ______.
Answers
People often travel a lot. In doing the above, they are checking the currency exchange rate.
What is the currency exchange rate?An exchange rate is known to be the value of a country's currency versus. that of any other country or economic zone.
A lot of exchange rates are said to be free-floating and will sometimes rise or fall due to supply and demand in the market.
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Ion Co. purchased land for $190,000. Ion also paid $5,000 in real estate commissions, $1,000 in legal fees, and $500 in title insurance fees. Ion should record the cost of this land at:
Answers
Answer:
196,500
Explanation:
I hope this helps. :)
PT should record the cost of the land for $196,500.Since land is not depreciated, it is always reported on the balance sheet at its historical cost and would remain there.
Find the solution ?Since land is not depreciated, it is always reported on the balance sheet at its historical cost and would remain there.Additionally, until the land is sold or included in a transaction, there is no fair value adjustment.Data provided in the question :
Purchasing cost of the land = $190,000
Closing costs paid = $5000
Total regarded cost of the land = $1500
PT should record the cost of the land for
= Purchasing cost of the land + Closing costs paid + Total regarded cost of the land
= $190,000 + $5000 + $1500
= 196500
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1.4 Why is Canada considered to have a branch-plant economy?
Answers
Answer:
Manufacturing companies set up branch plants to serve the Canadian market, thereby avoiding high freight costs and import duties.
Explanation:
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Use the information in the table to decide which of the following statements is true. A. The payment amount changes each month. B. The amount applied to the principal is decreasing each month. C. The amount applied to the principal is increasing each month. D. The amount applied to interest is increasing each month.
Answers
Loan amortization schedule shows the summary regarding periodic loan payment. The given statment shows that the amount applied to the principal is increasing each month.
What is Loan Amortization Schedule?The loan amortization schedule is a schedule that shows the periodic loan payment of principal along with the interest after the end of each period.
The amount of payment for each month is same whereas the amount of principal and interest may vary.
The given schedule is a loan amortization schedule for three years. The principal amount in the 13th month is $325.82, 14th month is $328.19, 15th month is $330.57 and it keeps on increasing till the 19th month.
Therefore the correct statement is C.
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Answer: C The amount applied to the principal is increasing each month.
Explanation:
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A hailstorm destroys almost all of the wheat in Minnesota. What will happen to the price and quantity of wheat sold in the U.S.
Answers
As a result of the hailstorm, the price of wheat will increase and the quantity of wheat sold would decrease.
What would be the impact of the hailstorm on the supply of wheat?As a result of the hailstorm, wheat farms would be negatively affected. The hailstorm would most likely destroy wheat farms. As a result, the supply of wheat would decline and the price of wheat would increase.
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Describe your most recent customer service experience in detail and what skills do you think could be applied to this position?.
Answers
A recent customer service experience could be described as one in which the representative served a meal with a smile on his/her face. Skills that could be applied to this position are patience, kindness, and empathy.
What is Customer Service?Customer service refers to the measures that are employed in delivering optimum service to customers.
The quality of service rendered will determine if the customer will want to patronize the business again. Effective communication and empathy are some skills required for this role.
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How does the existence of substitutes for a product affect the product’s price elasticity of demand?.
Answers
The existence of substitutes for a product makes the elasticity of demand more elastic.
What are substitutes?
Substitute goods are goods that can be used in place of another good. If the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
What is elastic demand?Demand is elastic if the quantity demanded is highly sensitive to price changes. The coefficient of elasticity is usually greater than one.
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The financial records of Sheffield Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as follows. 1. The beginning merchandise inventory was $99,360 and decreased 20% during the current year. 2. Sales discounts amount to $18,700. 3. 19,090 shares of common stock were outstanding for the entire year. 4. Interest expense was $20,400. 5. The income tax rate is 30%. 6. Cost of goods sold amounts to $460,000. 7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales. 8. Four-fifths of the operating expenses relate to sales activities. From the foregoing information prepare an income statement for the year 2020 in single-step form. (Round earnings per share to 2 decimal places, e.g. 1.48.)
SHEFFIELD INC.
Income Statement
Answers
Based on the information given SHEFFIELD INC. income statement is $133,630.
Income statementSHEFFIELD INC. income statement for the year ended December 31 2020
Revenues
Net sales $1,131,300
[(20%×$460,000)÷8%-$18,700[]
Expenses
Cost of goods sold $460,000
Selling expenses $368,000
[(5×$92,000)-$92,000]
Administrative expenses $92,000
(20%×$460,000)
Interest expense $20,400
Total expense $940,400
Income before income tax $190,900
( $1,131,300-$940,400)
Income tax expense $57,270
(30%×$190,900)
Net income/Loss $133,630
($190,900-$57,270)
Earning per share $7
( $133,630/$19,090)
Inconclusion SHEFFIELD INC. income statement is $133,630.
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Help me with this one two , still not sure what to do here
Answers
Answer:
NEED CORRECT IN FORMATION BECAUS NOT EASY TO SOLVE
Explanation:
if i have a 38% on my final grade and i get a 100% on an assigment what will my grade be now!?
Answers
A company received $2,000 of equipment and promised to pay for it next month. The increase in equipment would be recorded with a ______ to the Equipment account.
Answers
An increase in the equipment would be recorded with a debit to the Equipment account on the journal entry.
What is Equipment account in journal entry?in journal entry, an Equipment account is used to record the amount spent or received on any equipment.
In conclusion, the increase in the equipment would be recorded with a debit to the Equipment account on the journal entry.
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The increase in equipment would be recorded with a debit to the Equipment account.
Increase in equipmentBased on the information given if the company received the amount of $2,000 of equipment the increase in equipment would be recorded with a debit to the Equipment account.
The appropriate journal entry to record the transaction will be:
Journal entry
Debit Equipment $2,000
Credit Cash $2,000
(To record equipment)
Inconclusion the increase in equipment would be recorded with a debit to the Equipment account.
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In which team leadership activity is strong member identification encouraged because it will lead to better performance
Answers
The team leadership activity which involves strong member identification and encouragement results to establishing the team..
What is team leadership?Team leadership can be regarded as the activities involving planning and controlling of the team and giving motivation in order to achieve set goals.
And this usually lead to better performance of member.
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Pharmakia is a company that develops and manufactures prescription medicines. Recently, pharmakia has been unable to obtain ingredients key to its medicines, is facing rapidly increasing labor costs, and is paying high tariffs when exporting its medicines. To mitigate these difficulties, pharmakia should consider becoming a:.
Answers
To mitigate the difficulties of not being able to obtain essential ingredients for the production of its medicines, facing high labor costs and paying high export tariffs, Pharmakia should consider becoming a countertrade.
What is countertrade?Corresponds to the reciprocal exchange of goods and services through international trade without the use of hard currency. It is a strategy generally used in developing countries, and its advantages are increased industrial growth and access to different items and raw materials.
Therefore, if Pharmakia becomes a countertrade, it can obtain the necessary resources for the production of its medicines in exchange for supplying them to a country through barter, reducing its costs and tariffs.
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Which of the following describes the
situation in which a business cannot sell all of
the products it has produced?
A. consumer surplus
B. producer surplus
D. profit surplus
C. demand surplus
Answers
Answer:
consumer surplussurplussurplus
Explanation:
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The _ leader is never able to completely turn loose of the decision making authority of the management position.
Answers
It should be noted that Consultative leader is never able to completely turn loose of the decision making authority of the management position.
What is Consultative leadership?Consultative leadership can be regarded as a leadership style which focus on team building as well as making skills of others in making decisions.
Therefore, with Consultative leadership, decision can be made.
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Which statistical function will be most helpful to a cost accountant trying to determine the best cost driver for an activity?.
Answers
The statistical function that will help to determine the best cost driver for an activity is called Activity Cost Driver.
What is an Activity Cost Driver?This is an accounting term. It describes the factor which increases or decreases the cost of specific business activity such as labor, maintenance, and other variable costs.
Examples of Activity Cost Drivers are:
Machine setupspower consumedquality inspectionsproduction orders etc.See the link below for more about Activity Cost Driver:
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Danny mentions that he is only in business if his employees are happy to come to work. Based on mcgregor’s work, danny would have a ________ view of his employees.
Answers
Based on mcgregor’s work, danny would have a Theory Y view of his employees.
What is Theory Y?Theory Y view based on mcgregor’s theory means that for an employee to be motivated to come to work or for an employee to be productive at workplace the manager must provide a good and healthier working environment for their employee.
In Theory Y employees tends to take full charge of full responsibility at work place and they are often productive because they are happy to work due to the fact that they enjoy their job.
Inconclusion based on mcgregor’s work, danny would have a Theory Y view of his employees.
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