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A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1

rjkz [21]

Answer:

$610,000

Explanation:

According to the midpoint value, we have to find out the mid value of two amount.

As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997

So, by using the mid point formula approach, the sales for 1997 is

= (1996 sales + 1998 sales) ÷ (Number of years)

= ($500,000 + $720,000) ÷ (2 years)

= ($1,220,000) ÷ (2 years)

= $610,000

Therefore, the estimated sales value of the company for year 1997 is $610,000

3 0

3 years ago

Customers are central to the principles of convergence. they should not be viewed as ______ viewers of content but ______ users

zvonat [6]

Customers are central to the principles of convergence. They should not be viewed as passive viewers of content but active users that play a central role in your narrative.

In order to create experiences that strengthen the customer's relationship with the brand, three powerful forces—media, technology, and creativity—come together through convergence. A customer-centric mindset must be adopted, and the entire organization must become responsive to the customer journey. Strategies must be supported by evidence from actual customer behavior rather than arbitrary gut instinct. It should be determined by that data where, when, and how to serve customers. Consumers must be involved in brand messaging through social platforms and ecosystems. The organization will always need to be modified for convergence. Testing, learning, constructing, and destroying are ongoing processes.

Learn more about convergence here:

brainly.com/question/15213854

#SPJ4

6 0

2 years ago

If you know that the value of an asset is $100 today, what concept will tell you what it will be worth in 5 years given a certai

Virty [35]

Answer:

future value

Explanation:

Future value is the value of a sum of money at some point in the future given a certain interest rate.

Formula for future value = present value x ( 1 + r )^n

Assuming i = 10

the future value of $100 in 5 years = 100 x ( 1.1)^5 = $161.05

6 0

2 years ago

Michaels plumbing purchased a used van for $3,250. the company made a down payment of $450 and agrees to 24 payments of $150 per

PolarNik [594]

<span> <span>Finance charge can be defined as the amount charged by a creditor to a debtor as borrowing fees or by a seller to a buyer for allowing the buyer to extend the payment period for a certain good/service. In this case, the original price of the car was $3,250. But since Michael's Plumbing was not able to pay the full amount at once, they made a down payment of $450 and later 24 equal installments of $150. In total, the amount paid will be (450+(150*24))= $4,050. The finance charge is what they will pay over and above the initial cash price. This is arrived at by getting the difference as follows $4,050-$3,250= $800</span></span>

7 0

3 years ago

Rivera Company manufactured two products, A and B, during April. For purposes of product costing, an overhead rate of $2.00 per

OlgaM077 [116]

Solution :

a). The assigned total cost is :

$A =\$ \ 8000$

$B =\$ \ 24,000$

Total overheads $ 500,000

Total hours 250,000

Plantwide overhead rate $ 2

Cost assigned to :

A ( 2 x 4 x 1000) $ 8,000

B ( 2 x 4 x 3000) $ 24,000

b). Department 1 Department 2

Overheads $ 300,000 $ 200,000

Hours 200,000 50,000

Overhead rate $ 1.50 $ 4.00

Overheads for the product A $ 8,500

(1.5 x 3 + 4 x 1) x 1000

Overheads for the product B $ 40,500

(1.5 x 3 + 4 x 1) x 3000

c). Plant wide Departmental

material and labor $ 10 $ 10

overheads $ 8 $ 13.50

Total $ 18.00 $ 23.50

Add: profit $ 7.20 $ 9.40

Selling price $ 25.20 $ 32.90

The difference $ 7.70

Therefore, the increase in the selling price = $ 7.70

3 0

3 years ago