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2 years ago

What type of pricing objective would an organization use if it were in a favorable position and desired nothing more

1 answer:

5 0

status quo pricing is a type of pricing objective would an organization use if it were in a favorable position and desired nothing more.

<h3>What is status quo?</h3>

A status quo pricing approach entails gradually bringing our product's price up to some standard.
In other words, it's possible that we'll match the price of our rivals.
Price matching is what we do. Another approach we could take is what's known as a price guarantee.
In other words, a status quo pricing approach is one in which we maintain our price over time and promise that it won't change.

You might do it, for example, if you want to compete on criteria other than price. So, for instance, you might choose a status quo pricing strategy if you believe you can turn a profit by selling your product for the same price as your rivals.

Know more about status quo with the help of the given link:

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3 years ago

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3 years ago

The balance sheet of Starsky Company at December 31, 2019, includes the following. Notes receivable $36,000 Accounts receivable

Arturiano [62]

Answer:

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Explanation:

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To Allowance for doubtful accounts $5,300

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3 years ago

Read 2 more answers

Squirrel tree services reports the following amounts on december 31, 2021.Assets Liabilities and Stockholders’ EquityCash $9,500

fiasKO [112]

Answer and Explanation:

1. The preparation of the balance sheet is presented below:

Squirrel tree services

Balance sheet

For the year ended December, 31, 2021

Liabilities Amount Assets Amount

and stockholder equity

Liabilities

Account payable $15,100 Cash $9,500

Salaries payable $5,300 Supplies $3,600

Note payable $38,000 Prepaid insurance $5,300

Total liabilities $58,400 Building $90,000

Equity

Common stock $40,000

Retained earnings $10,000

Total equity $50,000

Total liabilities & equity $108,400 Total assets $108,400

2. The preparation of the cash flow statement is presented below:

Squirrel tree services

Cash flow statement

For the year ended December, 31, 2021

Particulars Amount ($) Amount ($)

Cash flow from operating activities-

Cash inflows customers 96,000

Cash outflows salaries (40,000)

Cash outflows supplies (22,000)

Net Cash flow from operating activities (A) 34,000

Cash flow from investing activities-

Sale of investments 35,800

Purchase of building (98,000)

Net Cash flow from investing activities (B) (62,200)

Cash flow from financing activities

Borrowed from bank 38,000

Dividends (15,500)

Net Cash flow from financing activities (C) 22,500

Net increase in cash (A+B+C) (5,700)

Add: Cash at beginning of year 15,200

Cash at end of year 9,500

7 0

3 years ago