Answer:
Basically, the museum might price this way because of the low number of people that go to the place that specific day and<u> in order to stimulate the demand from visitors</u>.
Explanation:
To begin with, the reason why organizations price this way, in where they offer one day total free admission is due to the fact that commonly that day selected does not count with much visitors in comparison with the other days of the week supported by statitics of the place and therefore the museum, in this case, wants to increase the amount of people that enter the building, basically.
Secondly, once that the main reason of why the museum might price this way is said, the reason why the are likely to choose a day like Thursday rather than Saturday is due to the fact that Saturdays tend to be the day where those kind of places are full of people because most of the people do not work on weekends and therefore the organization do not need to encourage the entrance of visitors, they will go anyways without any stimulation.
Answer: Holmes should process it further to make a profit of $306,496
Explanation:
If Holmes sells now, the selling price would be:
= Amount sold for / No. of units
= 81,500 / 2,425
= $33.61
If the company processes further and sells at $415, they will get a profit per unit of:
= 415 - 255
= $160 per unit
Incremental revenue is:
= (160 - 33.61) * 2,425 units
= $306,495.75
Holmes should process it further.
Answer:
B. trade secret
Explanation:
Based on the scenario being described within the question it can be said that this software program is an example of a trade secret. This refers to a type of any practice or process that a company has developed and is not known outside of that company, this therefore gives them a competitive advantage in the market. Since Hudson is concerned with software piracy it means that no one else knows how to reproduce the software, thus making it a trade secret.
Answer:
Jan 15 Land $45,000 Dr
Building $95,000 Dr
Common Stock at par $100,000 Cr
Paid in Capital in Excess
of Par, Common Stock $40,000 Cr
Explanation:
The assets are recognized by a company at the market value on the day of transaction. The market value of land and building was $140,000 (45000 + 95000). Thus, the stock issued against these assets was issued at $14 per share ($140000/10000) and a premium of $4 / share was received.
The Land is debited by $45000 and building by $95000 while we credit the common stock at par value $100000 and credit the premium $40000.
Answer:
C
Explanation:
Eliminate anything that is long range.
A. is meant to build up capital
B. is sort of an investment account. You'll likely leave money in there.
C. I'd use this. Fast in, fast out.
D. I'm not sure of this. We don't have them in Canada. But it sounds long term to me so I wouldn't use it.
