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elena55 [62]
1 year ago
15

Describe a pricing decision your company has made. was it optimal? if not, why not? how would you adjust price? compute the prof

it consequences of the change
Business
1 answer:
tatyana61 [14]1 year ago
8 0

General Motors company  have embraced many of the competitive price decisions. For instance , a simple pricing strategy.

Simple pricing strategy approach involves setting  of prices which  depends upon what your rival companies are offering as well as maintaining the quality of the products and services  offered by you.

In this case, you should increase the number of sales by initiating different types of discounts.

This price decision taken by simple pricing strategy is optimal since it has maximized the profits on all products and services offered by General Motors Company.

Price adjustments could be made by understanding our customer needs and the quality of the product or services the customers want. The profit consequences in terms of price adjustment are relatively high since we are able to exceed the production than the demand.

To know more about simple pricing strategy here:

brainly.com/question/17230940

#SPJ4

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Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,0
satela [25.4K]

Answer:

Accounting profit will be $500000

Economic profit will be $200000

Explanation:

We have given number of units produces = 200000

Cost of one unit = $10

So total cost of production = 100000×$10 = $1000000

Explicit cost = $1500000

And implicit cost = $300000

We know that accounting profit = revenue - explicit cost = $1000000-$1500000 = $500000

And economic profit = revenue - implicit cost = $1000000-$300000 = $200000  

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On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:
just olya [345]

The Adjusted Trial Balance of ACME Fireworks on January 31, 2021 is as follows and totals $517,300 on both sides.

Adjusted Trial Balance

January 31, 2021

Accounts                                     Debit       Credit

Cash                                       $27,000

Accounts Receivable             188,400

Allowance for Uncollectible Accounts        $ 600

Inventory                                  15,000

Land                                        59,000

Equipment                               21,500

Redeemable Gift Cards                               8,200

Accumulated Depreciation                         2,800

Accounts Payable                                     86,800

Notes Payable (6%, due April 1, 2019)     63,000

Common Stock                                         48,000

Retained Earnings                                    27,900

Sales Revenue                                      280,000

Cost of Goods Sold            154,300

Salaries Expenses                52,100

Totals                              $ 517,300  $ 517,300

<u>Data and Calculations:</u>

ACME Fireworks General Ledger Account Balances

January 1, 2021

Accounts                                     Debit       Credit

Cash                                      $ 26,400

Accounts Receivable              48,800

Allowance for Uncollectible Accounts  $ 5,500

Inventory                                  21,300

Land                                        59,000

Equipment                               21,500

Accumulated Depreciation                       2,800

Accounts Payable                                   29,800

Notes Payable (6%, due April 1, 2019)   63,000

Common Stock                                       48,000

Retained Earnings                                  27,900

Totals                               $ 177,000 $ 177,000

<u>Analysis of Transactions:</u>

Jan. 2 Cash $8,200 Redeemable Gift Cards $8,200

Jan. 6 Inventory $148,000 Accounts Payable $148,000

Jan. 15 Accounts Receivable $136,000 Sales Revenue $136,000

Cost of Goods Sold $74,300 Inventory $74,300

Jan. 23 Cash $125,500 Accounts Receivable $125,500

Jan. 25 Accounts Payable $91,000 Cash $91,000

Jan. 28 Allowance for Uncollectible Accounts $4,900 Accounts Receivable $4,900

Jan. 30 Cash $10,000 Accounts Receivable $134,000 Sales Revenue $144,000

Cost of Goods Sold $80,000 Inventory $80,000

Jan. 31 Salaries Expense $52,100 Cash $52,100

<u>Adjustments of the Trial Balance with Transactions:</u>

Accounts                                     Debit       Credit

Cash                                    $ 26,400 + 8,200 + 125,500 - 91,000 + 10,000 - 52,100

Accounts Receivable            48,800 + 136,000 - 125,500 - 4,900 + 134,000

Allowance for Uncollectible Accounts  $ 5,500 - 4,900

Inventory                                  21,300 + 148,000 - 74,300 - 80,000

Land                                        59,000

Equipment                               21,500

Redeemable Gift Cards                                        8,200

Accumulated Depreciation                       2,800

Accounts Payable                                   29,800 + 148,000 - 91,000

Notes Payable (6%, due April 1, 2019)   63,000

Common Stock                                       48,000

Retained Earnings                                  27,900

Sales Revenue                                                136,000 + 144,000

Cost of Goods Sold              74,300 + 80,000

Salaries Expenses                52,100

Learn more: brainly.com/question/24872559

5 0
2 years ago
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