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xenn [34]
2 years ago
10

why should social media managers begin the budgeting process for their social marketing program well before final budget numbers

are settled?
Business
1 answer:
mylen [45]2 years ago
6 0

Social media managers ought to begin the budgeting process for their social marketing program well before final budget numbers are settled because: they must collect all relevant data to enable them make a plausible case for how the numbers will be expended and the return or marketing investment.

<h3>Who is a social media manager?</h3>

A social media manager is a person who manages an aspect of marketing for a company that is related to the use of social media to reach the target audience.

It is crucial to note that budgeting is a very crucial aspect of social media marketing.

Learn more about social media marketing at;
brainly.com/question/13362236
#SPJ12

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Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for November: Increase in estimated
katrin [286]

Answer:

COGS= $272,000

Explanation:

Giving the following information:

Merchandise inventory, November 1: 14,900

Merchandise inventory, November 30: 28,600

Purchases 298,200

Purchases returns and allowances 10,100

Purchases discounts 6,000

Freight in 4,200

Cost of goods purchased= purchases - Purchases returns and allowances - Purchases discounts + Freight in

Cost of goods purchased= 298,200 - 10,100 - 6,600 + 4,200

Cost of goods purchased= 285,700

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 14,900 + 285,700 - 28,600= 272,000

7 0
3 years ago
On January 1, Year 1, Bell Corp. issued $180,000 of 10-year, 6 percent bonds at their face amount. Interest is payable on Decemb
lara [203]

Answer:

Journal entries on January 1,year 1:

Dr Cash                     $180,000

Cr bonds payable                       $180,000

Journal entries on 31st December year 1:

Dr interest expense          $10,800

Cr Cash                                            $10,800

Journal entries on 31st December year 2:

Dr interest expense          $10,800

Cr Cash                                            $10,800

Explanation:

Since the bonds were issued at par ,it means the cash realized from the issuance is $180,000 which would debited to cash account and credited to bonds payable account.

On 31st December ,year 1 the first interest is paid which is calculated thus:

$180,000*6%=$10,800

The $10,800 is debited to interest expense account and credited to cash(or to interest payable if cash is not paid immediately)

On 31st December ,year 2 the first interest is paid which is calculated thus:

$180,000*6%=$10,800

The $10,800 is debited to interest expense account and credited to cash(or to interest payable if cash is not paid immediately)

6 0
3 years ago
Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. If
JulijaS [17]

Answer:

C) $500

Explanation:

First we must determine the money multiplier = 1 / reserve ratio:

  • money multiplier = 1 / 20% = 5

The bank's checkable deposits originally increase by $100, and since it will be able to lend all the money it can, $80, its checkable deposits will also increase by $80 x 5 (money multiplier) = $400.

So the total increase in the bank's checkable deposits = $100 (original deposit) + $400 (money created through loans) = $500

4 0
3 years ago
Minden company introduced a new product last year for which it is trying to find an optimal selling price. marketing studies sug
fomenos
832,200 - 94 = 738.2 annual sales
3 0
4 years ago
A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year
lina2011 [118]

Answer:

15%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Year       Cash Flow

0             -$27,100

1                $11,100

2               $14,100

3                $10,100

The formula to compute IRR is

= IRR()

After applying the above formula, the internal rate of return is 15%

4 0
4 years ago
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