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2 years ago

10

A group of customers that a business decides to focus its marketing efforts and, ultimately, its products on is a _____. target

market niche industrial market consumer market

1 answer:

SVEN [57.7K]2 years ago

8 0

Answer:

Target market!!

Explanation:

Hope this helps:)

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After the first two entries in the closing process have been recorded and posted, the debits and credits to Income Summary are $

Dafna1 [17]

The answer is $10,000 net loss.

Given,

The debits and credits to Income Summary are $90,000 and $80,000, respectively.

An income summary is also known as an Income statement.

The debit side of this statement contains the expense for the period.

And the credit side of this statement contains the income for the period.

Therefore, according to the given information expenses are $90,000 and income is $80,000.

Since expenses incurred are greater than the income generated. There is a net loss for the current period.

The amount of the net loss will be calculated as follows:

Net loss = Amount of expenses - Amount of income

= 90000 - 80000

= $10,000

Hence, the amount of net loss for the period is $10,000.

Learn more about Income summary:

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6 0

2 years ago

You are responsible for company purchases. You are talking to a salesman from a vendor who wants to sell to your company. You te

Bess [88]

Answer:

No

Explanation:

4 0

3 years ago

Kingbird Company exchanged equipment used in its manufacturing operations plus $4,200 in cash for similar equipment used in the

Misha Larkins [42]

Answer:

Books of the Kingbird Co.

Date Particular Debit $ Credit $

Equipment - New (balancing figure) a/c Dr 17,200

Accumulated depreciation (old a/c) Dr 26,600

To, Equipment - Old 39,200

To Cash a/c 4,200

Books of the Oriole Co.

Equipment - New (39,200 - 14,000 - 4,200) a/c Dr 21,000

Accumulated depreciation a/c Dr 14,000

Cash a/c Dr 4,200

To Equipment - Old a/c 39,200

Explanation:

Books of the Kingbird Co.

Date Particular Debit $ Credit $

Equipment - New (balancing figure) a/c Dr 17,200

Accumulated depreciation (old a/c) Dr 26,600

To, Equipment - Old 39,200

To Cash a/c 4,200

Books of the Oriole Co.

Equipment - New (39,200 - 14,000 - 4,200) a/c Dr 21,000

Accumulated depreciation a/c Dr 14,000

Cash a/c Dr 4,200

To Equipment - Old a/c 39,200

5 0

3 years ago

Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank disco

eduard

Answer: $180

Explanation:

From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.

Therefore, the debit to Discount on Notes Payable in the general journal will be:

= $9,000 × 8% × 90/360

= $9,000 × 8/100 × 1/4

= $9,000 × 0.08 × 0.25

= $180

The correct answer is $180

It should be noted that we used 360 days for a year.

7 0

3 years ago

An account related with another account on the financial statements that 1) directly reduces the related account and 2) has an o

VLD [36.1K]

Answer:

Contra account.

Explanation:

A contra account is an account that has an opposite of what is the normal balance for the class of such an account. a company would be able to report the original amount and in so doing also be able to report the reduction and then what is the net amount would be reported. in other words such an account is used to reduce the value of another related account. And thereafter the net value is what is going to be reported.

6 0

3 years ago