Answer:
Specifying the role of price in an organization's marketing and strategic plans.
Explanation:
Pricing objectives can be described as the goals which puts an organization through on ways to place the prices of their products to potential customers. It makes the products more appealing to the customers. Pricing objectives involves determing the appropriate price for a particular good or service.
Pricing objectives helps companies in improving their market shares this is achieved by cutting down the cost of their products to drive customers to purchase them thereby giving the business a high competitive edge in the market.
Answer:The minimum amount is the price that will give a profit of $3700
Explanation:
The minimum amount the company should accept for product X if it's to be sold at the split off point it's maximum amount they will earn as profit if they sales after further procession.
The total cost the company will incur if they process further it's the cost they incurred at the split off point and at further procession which equals ($16,800+$15,000) =$31,800
On sales after procession they will earn a price of $35500 which means a profit of $3700 this means the firm should sale product X at spilt off point for a price that will bring a minimum profit of $3700.
Answer:
This is correct
Explanation:
There will be two entries. One at the time of receiving cash on 1st July . That would be
Cash. B. $6600 (debit)
Unearned Rent Revenue. $ 6600 (credit)
On 31st Dec an adjusting entry would be made . The rent for 6 months will be calculated which will be as given above.
Rent for 6 months = ( 6,600/12 )* 6= $ 3,300
The entry will be
Unearned Rent Revenue $3,300 (debit)
Rent Revenue $ 3,300 (credit)
$ 3300 will be deducted from the current liabilities on the credit side.
Rent Revenue of $3300 will be added on the credit side of the income statement.
That would be person-oriented job analysis because it focuses on the knowledge, skills and abilities that is needed to preform a job.
