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2 years ago

A ____________________ is a strategy of increasing market share for present products in existing markets.

1 answer:

5 0

As a strategy, market penetration is used when the business seeks to increase sales growth of its existing products or services to its existing markets in order to gain a higher market share.

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Sheridan, a lawyer, accepts a legal engagement in March, performs the work in April, and is paid in May. In completing the engag

Brrunno [24]

Answer:

The $5,680 expense should the firm deduct from revenues in the month when it recognizes the revenue.

Explanation:

According to the matching accounting principles, the expenses and revenues should be recorded in that period in which they are incurred and earned.

In the question, the Sheridan pays $2,590 in April, and $3,090 in may but it incurred in April

So, the total amount would be $2,590 + $3,090 = $5,680 should be recorded on April month only.

8 0

3 years ago

A good percentage to start with for saving is ________________ percent of your teaching income.

Alja [10]

A good percentage to start with for saving is. At least 20% percent of your teaching income

The term "revenue" generally refers to the transfer of money, property, and other value received over a period of time in exchange for services or products. There is no single standard definition. Income is defined according to the context in which the concept is used.

While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services in excess of their production costs. Most forms of income are subject to tax.

Learn more about income here

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6 0

2 years ago

Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $2,472 Direct labo

PilotLPTM [1.2K]

Answer:

Total Cost Job 593 6557

Explanation:

Job 593

$cost = materials + labor + overhead$

DM 2,471

DL 1,406 ( 74 labor hours x $19 labor rate)

FO 2,680 (134 machine hours x 20 FO rate)

Total Cost 6557

Remember, for Direct Labor and machien hours, you needto multiply the amount of hour applied in the job by the rate.

3 0

3 years ago

Freshmart, Inc., began operations last year when it produced and sold the same number of units. This year, the company produced

kakasveta [241]

Answer:

Net Income under absorption costing is $11,250.

Explanation:

Absorption Costing Income Statement.

Sales Revenue (750 units × $100) $75,000

Less Cost of Sales

Opening Inventory $0

Add Cost of Goods Manufactured (1,000 units × $55.00) $55,000

Less Closing Inventory (250 units × $55.00) ($13,750)($41,250)

Gross Profit $33,750

Less Expenses :

Selling and administrative expenses :

Fixed ($15,000)

Variable (750 units×$10.00) ($7,500)

Net Income / (Loss) $11,250

Conclusion :

Manufacturing costs under absorption costing include both fixed and variable costs.

All Non-manufacturing costs are treated as period costs, expense during the period.

Net Income under absorption costing is $11,250.

3 0

3 years ago

Can someone fill this in

Aleksandr-060686 [28]

pick dog walking because I like dog and kid is naughty

6 0

2 years ago