Multichannel marketing refers toselling the same product to the same customers at two different price points through two different distributors.the blending of different communication and delivery channels that are mutually reinforcing in attracting, retaining, and building relationships with consumers who shop and buy in the traditional marketplace and online.the blending of nonelectronic communication and delivery channels to counteract the power of online buying.the use of bots to find the best prices and make purchases from multiple websites simultaneously.selling the same product to the same customers under two distinct brand names.the blending of different communication and delivery channels that are mutually reinforcing in attracting, retaining, and building relationships with consumers who shop and buy in the traditional marketplace and online.
Answers
Multichannel marketing is the use of a variety of communication and delivery channels to reach and engage customers.
What is communication?Communication is the exchange of information or ideas between two or more people. It is a fundamental part of life and is used to express ideas, thoughts, feelings, and emotions. It can be verbal, nonverbal, written, or a combination of all three. Verbal communication includes speaking, listening, and understanding. Nonverbal communication includes body language and facial expressions. Communication is a two-way process, allowing both the sender and receiver to exchange and understand information. It is essential for effective relationships, decision-making, problem-solving, and creating trust. Communication can be formal, informal, or a combination of both. It helps build relationships, strengthen understanding, and create a sense of unity and collaboration. Communication is essential for success in any organization, and it is essential for effective communication that both parties involved understand each other’s expectations and needs. Good communication is a key factor in building strong relationships, teams, and organizations.
Multichannel marketing allows businesses to communicate with customers in different ways, providing them with a comprehensive, integrated and seamless customer experience. Multichannel marketing incorporates both digital and non-digital technologies, such as websites, mobile applications, email, call centers, social media, direct mail, and print advertising. Through multichannel marketing, businesses can reach customers with tailored messages, personalized offers and exclusive deals. Additionally, multichannel marketing helps businesses gain valuable customer insights, enabling them to better understand customer needs and preferences. This allows businesses to deliver better products and services, which in turn can result in improved customer satisfaction and loyalty. Multichannel marketing is an effective way for businesses to increase their visibility, reach more potential customers, and build relationships with their existing customers.
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Utilizing many delivery and communication channels to connect with and engage clients is known as multichannel marketing.
Describe communication.The exchange of ideas or information involving two or more individuals is referred to as communication. It serves as a vehicle for the expression of ideas, thoughts, sentiments, and emotions. It could be written, spoken, nonverbal, or indeed a combination of factors. The three verbal skills of speech, listening, and understanding are all included. Body movements and facial expressions are examples of nonverbal communication.
What makes communication crucial?In daily life, communication enables us to connect with people, share our experiences and needs, and improve our bonds. It gives us the opportunity to communicate our views, share information, and express our emotions.
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Related Questions
A company borrowed $500,000 cash from a bank and used it to purchase $500,000 of new manufacturing equipment.Which of the following items would be increased by the bank loan and equipment purchase transactions?
1) Total Liabilities
2) Cash from Financing
3) Cash from Investing
4) Equipment
5) Depreciation
Answers
Answer: Cash from financing
Explanation: Hope this helps
Why should businesses take on the task of training the hard-core unemployed?
Answers
As part of their contributions to corporate social responsibility, businesses must provide training to hard-core unemployed groups.
As part of their obligations to the society in which they operate in order to generate profits, every profit-making business organization must fulfill a corporate social responsibility .
Providing the unemployed with basic skills training increases their likelihood of finding employment in a variety of sectors of the economy. It falls under the umbrella of corporate social responsibility because it is a welfare activity.
As a result, the significance of corporate social responsibility has been discussed previously.
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you have two equal investments that always have exactly opposite returns. how will your total value of both investments vary over time?
Answers
Answer:
it will stay the say
Explanation:
lol
Snavely, Inc., manufactures and sells two products: Product E1 and Product A7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product E1 600 8.0 4,800 Product A7 300 4.0 1,200 Total direct labor-hours 6,000 The direct labor rate is $24.90 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product E1 $206.00 Product A7 $225.00 The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product E1 Product A7 Total Labor-related DLHs $ 109,600 4,800 1,200 6,000 Machine setups setups 51,690 700 300 1,000 Order size MHs 808,470 2,800 3,500 6,300 $ 969,760 The total overhead applied to Product A7 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers
The total overhead applied to Product A7 under activity-based costing is closest to $482,086.
The total overhead applied is calculated with the following data from the question: Activity Estimated Expected ActivityActivity Cost Pools Measures Overhead Product E1 Product A7 Total
Labor-related DLHs $ 109,600 4,800 1,200 6,000
Machine setups setups 51,690 700 300 1,000
Order size MHs 808,470 2,800 3,500 6,300
Total $ 969,760
Overhead Allocation using activity-based costing method:Total Costs Product E1 Product A7
Labor-related DLHs $ 109,600 $87,680 (80%) $21,920 (20%)
Machine setups setups 51,690 36,183 (70%) 15,507 (30%)
Order size MHs 808,470 363,811 (45%) 444,659 (55%)
Total $ 969,760
Total overhead allocated to products $487,674 $482,086
Thus, the calculation of the total overhead applied to Product A7 under the activity-based costing method is determined by the volume of activities that Product A7 consumed under each activity cost pool, as indicated by the percentages.
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Cobe Company has already manufactured 21,000 units of Product A at a cost of $15 per unit. The 21,000 units can be sold at this stage for $450,000. Alternatively, the units can be further processed at a $290,000 total additional cost and be converted into 5,800 units of Product B and 12,000 units of Product C. Per unit selling price for Product B is $105 and for Product C is $50.
Prepare an analysis that shows whether the 21,000 units of Product A should be processed further or not.
Sell as in Process further Sales Relevant costs:
Total relevant costs Income (loss) Incremental net income (or loss) if processed further
The company should _______________________
Answers
Answer and Explanation:
The computation is shown below;
Particulars Sell process further
sales $450,000 $1,209,000
Relevant cost
Process further cost $0 $290,000
Less: Total relevant cost $0 $290,000
Income $450,000 $629,000
Incremental income $179,000
The $1,372,000 is come from
= 5,800 units × $105 + 12,000 units × $50
= $609,000 + $600,000
= $1,209,000
Hence, the company should process further
00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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How should you reliably test that a vehicle is safe to lift before you raise it up
A) Ask a coworker.
B) Look, shake, check.
C) Carefully eyeball it.
D) You can't.
Answers
Look, shake, check should you reliably test that a vehicle is safe to lift before you raise it up
Before lifting a vehicle, it's important to perform a visual inspection and take a few precautionary steps to ensure it is safe to lift. The process can be summarized as "look, shake, check":
Look: Inspect the vehicle's position, condition, and surroundings. Check for any signs of damage, leaks, or instability. Ensure the vehicle is on a level surface and not in a precarious position.
Shake: Gently shake the vehicle by pushing against it to check for any unexpected movement, which could indicate loose parts or an unstable position. This step helps to identify potential issues before lifting.
Check: Verify that the lifting points on the vehicle are suitable and designed for lifting. Consult the vehicle's manual or documentation to determine the recommended lifting points. Make sure the lifting equipment (such as a jack or lift) is in good condition and rated for the vehicle's weight.
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Henry is a manager in an operations department in a computer manufacturing company. He thoroughly studied the production process and calculated how long it takes to get the job done. Then he figured out a more efficient way to put all parts together for a computer. He trains and develops employees to use the new method and works with employees to implement the scientific principles. Which of the following management theories does Henry use in this case?
a. Theory X and Theory Y.
b. Systems management.
c. Human relations management.
d. Scientific management.
Answers
Answer:
d. Scientific management.
Explanation:
The management theory used by Henry in this case is scientific management, which can be understood as an administrative model created by Taylor.
The main objective of scientific management is to make work more efficient using less resources and efforts, that is, making work more flexible by rationalizing work and implementing scientific techniques and training employees so that there is efficiency and effectiveness in organizational processes, with the lowest cost, time and continuous improvement.
name two recent kmi/kmv initiatives that carry out by pick n pay
Answers
The two recent kmi/kmv initiatives that carry out by pick n pay are:
Feed the nation Food gardening education project.What is the project about?The project is to feed the nation and it is one that partners with Pick n Pay, together to join their efforts to give an opportunity to Feed The Nation.
Note that Feed The Nation is seen to be a collectively raised amount of money and provided a lot of millions of meals to children and other people who are vulnerable.
Hence, The two recent kmi/kmv initiatives that carry out by pick n pay are:
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Company Co. has 1,000 employees and it decides to grant each of the employees 200 share
options as part of its new rewards plan. The options are exercisable over 5 years and subject only
to the condition that the company's stock price must be at least 30% higher than its original issue
price. Company Co.'s share-based payments are subject to:
Service and market performance conditions
Service condition
Non-vesting condition
Non-market performance conditions
Answers
Company Co's share-based payments are subject to Non-vesting conditions. Hence, Option C is the correct statement.
What are share-based payments?Share-based payment agreements are transactions wherein a third party is entitled to acquire equity instruments of the entity (or any other institution entity) or cash amounts primarily based totally on the cost of such equity instruments in exchange for items or services.
Hence, Company Co's share-based payments are subject to Non-vesting conditions. Option C is the correct statement.
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Apart from a job search, a also helps in job advancement.
Answers
Apart from a job search, a job portfolio also helps in job advancement.
What is a job portfolio ?A job portfolio is a collection of documents and materials that demonstrate your skills, achievements, and experiences in your field of work. It can include items such as your resume, letters of recommendation, examples of your work, certificates and awards, and other relevant documents.
Having a well-organized and comprehensive job portfolio can help you stand out from other candidates when applying for promotions or new job opportunities. It can provide evidence of your abilities and accomplishments, and demonstrate to potential employers that you are a qualified and capable professional. Additionally, a job portfolio can help you to keep track of your career progress and achievements, and provide a reference for your own personal and professional development.
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Your house get $7,250 in damage. You have a $500 deductible.
How much will the insurance write you a check for?
O $500
O$7,000
O$6,750
7,750
Answers
Answer: 6750
Explanation:
7250-500 = 6750
Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
Answers
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
Answers
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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If you have many competing financial goals, what should you do to help yourself focus on the most important ones?
A.
Get more unearned income.
B.
Prioritize and make a budget.
C.
Open a checking account.
D.
Diversify your investments.
Answers
Answer:
B.
Prioritize and make a budget.
Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answers
Answer:
all of the above dnnxndncnvhhdbdbdbd
Given the following information for Blue Bell Company for last year: Net sales (all on account) $5,200,000 Cost of goods sold 2,080,000 Interest expense 240,000 Income tax expense 280,000 Net income 420,000 Income tax rate 40% Total assets: January 1 $1,800,000 December 31 2,400,000 Shareholders' equity (all common): January 1 1,500,000 December 31 1,600,000 Current assets, December 31 700,000 Quick assets, December 31 400,000 Current liabilities, December 31 300,000 Net accounts receivable: January 1 200,000 December 31 180,000 Inventory: January 1 210,000 December 31 250,000
Refer to table: Blue Bell's current ratio at December 31 was:____.
a. 2.33 times
b. 3.67 times
c. 0.43 times
d. 1.33 times
Answers
Based on the information given Blue Bell's current ratio at December 31 was:
a. 2.33 times.
Using this formula
Current ratio=Total current assets/ Total current liabilities
Where:
Total current assets=$700,000
Total current liabilities=$300,000
Let plug in the formula
Current ratio=$700,000/$300,000
Current ratio=2.33 times
Inconclusion Blue Bell's current ratio at December 31 was:
a. 2.33 times.
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Which of these stores uses fulfillment center?
A) Comet Dry Cleaner
B) Dunkin’ Donuts
C) Amazon
D) 7-11
Answers
The store which uses the fulfillment center is Amazon.
The order fulfillment center is seen as the customer of packaging, receptacles, or of the sections of canisters which it employs to maintain, safeguard, and contain the products which it packages. So, Fulfillment by Amazon (FBA) is a service which tends to allow businesses in order to outsource order fulfillment to Amazon.
Here, there are several business which send products to Amazon fulfillment centers and when a customer makes a purchase, we pick, we pack, and then we ship the order. Thus, they also provide customer service and process returns for the orders placed.
Hence, option C is correct.
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Complete the following table.
Answers
The completed table for the Total Utility would be: 10, 24, 18, 24, 0, and 28
How did we arrive at these values?To complete the table, calculate the Total Utility for each quantity demanded. Total Utility is the sum of the utility derived from consuming each unit of a good or service.
Assume that the utility derived from consuming each unit of the good is as follows:
Utility:
Unit 1: 10
Unit 2: 8
Unit 3: 6
Unit 4: 4
Unit 5: 2
Unit 6: 0
Now, calculate the Total Utility for each quantity demanded:
Price | Quantity Demanded | Total Utility
---------------------------------------
5 | 1 | 10
4 | 3 | 10 + 8 + 6 = 24
3 | 2 | 10 + 8 = 18
2 | 3 | 10 + 8 + 6 = 24
1 | 0 | 0
0 | 4 | 10 + 8 + 6 + 4 = 28
Therefore, the completed table would be:
Price | Quantity Demanded | Total Utility
---------------------------------------
5 | 1 | 10
4 | 3 | 24
3 | 2 | 18
2 | 3 | 24
1 | 0 | 0
0 | 4 | 28
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58:46
2
What best explains the relationship between a borrower's credit score and a down payment requirement?
ОООО
Someone with a high credit score may be required to make a higher down payment.
Someone with a high credit score may be required to make a lower down payment.
Someone with a low credit score may be required to make a lower down payment.
Someone with a low credit score may not have to make a down payment.
Answers
Answer:
Excellent
Explanation:
Which of the following areas of sports law most related to antitrust?
A. Contracts
B. Monopoly
C. Fan Safety
D. Memorabilia
Which area of sports management is least affected by the law?
A. League regulations
B. Game Outcomes
C. Antitrust
D. Contracts
Answers
There isn't any particular legislation. The Contracts Act mostly regulates sports law. According to Gaurang Kanth, the phrase "sports law" is used to refer to a broad range of legal concerns pertaining to different sports, including amateur and professional sports played on a national and worldwide level. Introduction. As long as people have existed as purposeful, athletic, and active beings, sports have existed. According to Gaurang Kanth, the phrase "sports law" is used to refer to a broad range of legal concerns pertaining to different sports.
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f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.
Answers
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.
How to solve for the real rate of interestTo calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8.00% - 2.60%
Real interest rate = 5.40%
Therefore, the real rate of interest over the last year was 5.40%.
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Explain in which era of marketing that Awake Chocolate currently resides. Describe some ways in which the
company can move beyond the current stage into the next era of marketing.
Answers
Answer:
Awake Chocolate currently resides in the era of digital marketing. This era is characterized by a focus on digital platforms such as search engine optimization, social media, and online advertising. The company can move beyond this stage by utilizing data analytics to understand customer preferences and buying habits, and to optimize campaigns and strategies. Additionally, they can further utilize artificial intelligence to personalize messages to customers, automate marketing processes, and develop more effective content. Finally, they can also expand their use of virtual reality and augmented reality to create more immersive and engaging experiences for customers.
Explanation:
SE 2: Name and explain TWO recent CSI/CSR initiatives that the shop rite carries out.
Answers
The TWO recent CSI/CSR initiatives that the ShopRite carries out are:
We #ActForChange.Help-Change-A-Life initiative.What is CSR initiatives about?All Shop rite in all of their branches in all country are known for their policy of no wastage policy, and due to the above, there was the We #ActForChange initiatives where surplus food is donated to organizations such as Foodbank South Africa and Non-Profit Organization.
The Help-Change-A-Life initiatives , is known to be a premium corporate social responsibility (CSR) initiative that is said to have taken place in the city of Lagos market and it is one where foods where shared to Little Sisters of the Elderly Poor, and other homes.
Therefore, The TWO recent CSI/CSR initiatives that the ShopRite carries out are:
We #ActForChange.Help-Change-A-Life initiative.Learn more about CSR initiatives from
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Solutions Company - Unadjusted Trial Balance as of December 31.
Account Titles
Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr.
100: Cash 20,000
110: Accounts Receivable 0
120: Supplies 7,600
160: Machinery 50,000
161: Accumulated Depreciation 20,000
200: Accounts Payable 0
205: Interest Payable 0
210: Wages Payable 0
230: Unearned Rental Fees 7,200
240: Note Payable 30,000
300: Common Stock 10,000
310: Dividends 9,500
320: Retained Earnings 14,200
400: Rental Fees 32,450
600: Wage Expense 24,500
610: Interest Expense 2,250
620: Supplies Expense 0
630: Depreciation Expense 0
113,850 113,850
Totals
Requirement:
Prepare year-end adjusting journal entries for each of these separate situations.
As of December 31, employees had earned $400 of unpaid and unrecorded wages. The next payday is January 4 at which time $1,200 in wages will be paid.
The cost of supplies still available at December 31 is $3,450.
The notes payable requires an interest payment to be made every three months. The next payment occurs after the new year begins. The amount of unrecorded accrued interest at December 31 is $800.
Analysis of the unearned rental fees shows that $3,200 remains unearned at December 31.
In addition to the machinery rental fees included in the revenue account balance, the company has earned another $2,450 in unrecorded fee that will be collected on January 31 of next year.
Depreciation expense for the year is $3,800.
Answers
The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:
The Adjusted Trial BalanceSolutions Company
Worksheet
December 31
Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance
Debit Credit Debit Credit Debit Credit
Cash $20,000 $20,000
Accounts Receivable 0 $2,450 2,450
Supplies 7,600 $4,150 3,450
Machinery 50,000 50,000
Accumulated Depreciation $20,000 3,800 $23,800
Accounts Payable 0 0
Interest Payable 0 800 800
Salaries Payable 0 400 400
Unearned Rental Fees 7,200 4,000 3,200
Note Payable 30,000 30,000
Common Stock 10,000 10,000
Dividends 9,500 9,500
Retained Earnings 14,200 14,200
Rental Fees 32,450 6,450 38,900
Salaries Expense 24,500 400 24,900
Interest Expense 2,250 800 3,050
Supplies Expense 0 4,150 4,150
Depreciation Expense 0 3,800 3,800
Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300
Preparing Income Statement:-
Solutions Company
Income Statement
For the Year Ended December 31
Accounts Amount Amount
Revenue:-
Rental Fees $38,900
Total Revenue $38,900
Expenses:-
Salaries Expense $24,900
Interest Expense 3,050
Supplies Expense 4,150
Depreciation Expense 3,800
Total Expenses ($35,900)
Net Income $3,000
Preparing Statement of Retained Earnings:-
Solutions Company
Statement of Retained Earnings
For the Year Ended December 31
Accounts Amount
Retained Earnings 14,200
Net Income 3,000
$17,200
Dividends (9,500)
Retained Earnings, Ending $7,700
Preparing Balance Sheet:-
Solutions Company
Balance Sheet
December 31
Accounts Amount Amount
Assets:-
Cash $20,000
Accounts Receivable 2,450
Supplies 3,450
Machinery 50,000
Accumulated Depreciation (23,800)
Total Assets $52,100
Liabilities:-
Accounts Payable $0
Interest Payable 800
Salaries Payable 400
Unearned Rental Fees 3,200
Note Payable 30,000
Total Liabilities $34,400
Stockholders Equity:-
Common Stock $10,000
Retained Earnings, Ending 7,700
Total Stockholders Equity $17,700
Total Liabilities and Stockholders Equity $52,100
Preparing Closing Entries:-
Solutions Company
General Journal
December 31
Date Accounts Title and Explanation Debit Credit
December 31 Rental Fees $38,900
Income Summary $38,900
(To close Revenue Account)
December 31 Income Summary $35,900
Salaries Expense $24,900
Interest Expense $3,050
Supplies Expense $4,150
Depreciation Expense $3,800
(To close Expenses Accounts)
December 31 Income Summary $3,000
Retained Earnings $3,000
(To close Income Summary)
December 31 Retained Earnings $9,500
Dividends $9,500
(To close Dividends Account)
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Which of the following statements about market segmentation is true the logic of market segmentation is that seldom meet the needs?
a. According to the model of market segmentation analysis,the process usually begins with deciding the segmentation strategy to be used.
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
c. The logic of market segmentation is that a single product item can seldom meet the needs and wants of all consumers.
d. According to the model of market segmentation analysis,the process begins with designing the marketing mix strategy.
Answers
Answer:
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
Explanation:
In the above stated statement, it is the truth about market segmentation due to the fact that, customers needs and wants differs. In other to ensure that those are met through segmentation of goods and services, there is need for the segmentation strategy to be adopted by the market. Without this segmentation strategy, their be conflicts between the needs and wants of the customers which would lead to not meeting their expectation.
The true statement about market segmentation is the logic of market segmentation is that a single product item can seldom meet the needs and wants of all consumers. Therefore, option c is correct.
Market segmentation is the process of dividing a broad market into distinct groups or segments based on certain characteristics or criteria.
This segmentation allows companies to target specific customer groups with tailored marketing strategies, products, and services that meet their unique needs and preferences.
By understanding the differences and preferences of various market segments, companies can create more effective marketing campaigns, develop products that resonate with their target audience, allocate resources efficiently, and ultimately increase customer satisfaction and profitability.
Market segmentation enables companies to focus their efforts and resources on the most relevant and profitable market segments.
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The answer should be C. Bc clip art can have text illustrations etc!
Answers
Solve the newsvendor problem. Probability 0.24 0.08 0.21 0.16 0.08 0.23 Value 1 2 3 4 5 6 Purchase cost c = 12 Selling price p = 28 Salvage value v = 4 What is the optimal order quantity? Optimal order quantity
Answers
The optimal order quantity is 3.67, which should be rounded up to 4.
To solve the newsvendor problem, we need to find the optimal order quantity that maximizes the expected profit.
The expected profit can be calculated as follows
Expected Profit = (Revenue - Cost) × Probability
Revenue = min(Demand, Order Quantity) × Selling Price
Cost = Order Quantity × Purchase Cost - max(0, Order Quantity - Demand) × Salvage Value
where Demand is a random variable with the given probabilities and values.
To find the optimal order quantity, we need to find the value of Q that maximizes the expected profit. We can use calculus to find the maximum point of the profit function.
The profit function is given by
Profit = (min(Q, D) × p - Q × c - max(0, Q - D) × v) × P(D)
where P(D) is the probability of demand being equal to D.
Taking the derivative of the profit function with respect to Q, we get
dProfit/dQ = (p - c) × P(min(Q, D) = Q) - v × P(max(Q, D) = Q)
Setting the derivative to zero, we get
(p - c) × P(min(Q, D) = Q) - v × P(max(Q, D) = Q) = 0
Solving for Q, we get
Q* = min(D, Q*) + v / (p - c) × (P(max(Q*, D) = Q*) - P(min(Q*, D) = Q*))
Using the given values, we can calculate the optimal order quantity as follows
Q* = 3 + 4 / (28 - 12) × (0.16 - 0.24) = 3.67
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Which of the following is not true regarding continuous improvement? A. It applies to both service and manufacturing companies. B. It is used to reduce performance costs. C. It rejects the idea of “good enough.” D. It can be applied only to improve processes and products but not services and practices.
Answers
The statement that is not true is D. It can be applied only to improve processes and products but not services and practices.
What is Service Organization?A service organization is an organization that offers its services rather than the products usually sold by manufacturing companies and resellers.
In a service organization the most large expense is the human cost also known as the salaries.
If it is a service or manufacturing company, the process can be improved for production of goods and the practice can also be improved.
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