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1 year ago

Which of the following are good examples of objectives that a marketing manager might set for advertising?

1 answer:

5 0

Persuade potential clients to attempt a sample of the product. Emphasize that the product is more innovative than its rivals.

Promote the agency website as a way for customers to research more about the product.

<h3>What is a Marketing objective?</h3>

A announcement of what is to be accomplished through advertising activities.

<h3>What is the principal goal of advertising strategies?</h3>

The reason of a marketing design is to have a defined path to go to achieve new customers, support relationships with present day clients and clients, extend sales, enhance retention and expand company awareness.

Learn more about marketing objectives here:

<h3>brainly.com/question/25640993</h3><h3>#SPJ4</h3>

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Novak corp. sells a snowboard, ezslide, that is popular with snowboard enthusiasts. below is information relating to novak corp.

Rom4ik [11]

Answer:

a. The value of ending Inventory using FIFO is $2749.

b. The value of ending Inventory using LIFO is $2667.

c. The value of ending Inventory using Average Cost method is $2713.

We have:

Date Explanation Units unit cost Total Cost

Sep-01 inv 11 97 1067

Sep-12 purchases 44 100 4400

Sep-19 purchases 47 101 4747

Sep-26 purchases 22 102 2244

Total 124 12458

Novak sold 97 snowboards, so the number of snowboards with it at the end of September is $124 -97 = 27 units$ .

If Novak adopts First In First Out (FIFO) method, and 27 units are remaining, all 22 units purchased on Sept-26th and $27 -22 = 5 units$ from the purchases made on Sept-19th will remain in inventory.

So the value of inventory using FIFO will be $(22* 102) + (5*101) = 2749$

If Novak adopts Last In First Out (LIFO) method, all 11 units in inventory on Sept-01st and $27 -11 = 16 units$ from the purchases made on Sept-12th will remain in inventory.

Hence inventory value using LIFO will be $(11* 97) + (16*100) = 2667$

We calculate the Average cost by dividing the Total Cost by total number of units purchased.

$Average Cost = \frac{12458}{124} = 100.468$

The value of inventory using the average cost method is $100.648 * 27 =2713$ .

3 0

3 years ago

Read 2 more answers

In the demonstration, 360∘ of rotation (one full rotation) represents a sidereal day. You can actually measure the length of the

Gennadij [26K]

In the demonstration, 360∘ of rotation (one full rotation) represents a sidereal day. You can actually measure the length of the sidereal day by measuring the time from when <u>the star vega</u> or<u> the star sirius</u> crosses your meridian on one day (or night) until <u>it </u>crosses the meridian on the next day (or night). Mastering astronomy.

3 0

3 years ago

Chess Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $6

Whitepunk [10]

Answer:

The cost of ending inventory is $24314.

Explanation:

Under the average cost method, the inventory is valued at the average cost of all the inventory that is available from the start of the month and the purchases made.

The average cost of inventory can be calculated by summing up the total cost of beginning inventory and purchases and dividing it by the total number of units available for sale.

Average cost per unit = [ 480*65 + 720*68 + 360*70 ] / [480 + 720 + 360]

Average cost per unit = 67.538 rounded off to $67.54 per unit

The total inventory available for sale = 480+720+360 = 1560 units

The ending inventory in units = 1560 - 1200 = 360 units

The cost of ending inventory = 360 * 67.54 = $24314.4 rounded off to $24314

5 0

3 years ago

Scenario 13-3 Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As

Murrr4er [49]

Answer:

c. −$80.

Explanation:

The computation of the economic profit is shown below:

Economic profit = Total revenue - Cost of seeds - Earning foregone

where,

Total sales revenue is $300

Cost of seeds is $130

And, the earning foregone is

= 10 hours × $25

= $250

So, the economic profit is

= $300 - $130 - $250

= -$80

We simply applied the above formula to determine the economic profit

5 0

3 years ago

Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and s

gogolik [260]

Answer:

Smart Stream Inc.

a) Total costs:

Variable costs:

Direct materials = $1,500,000 ($150 x 10,000)

Direct labor = $250,000 ($25 x 10,000)

Factory overhead = $400,000 ($40 x 10,000)

Selling and Administrative = $250,000( $25 x 10,000)

Total variable costs = $2,400,000 ($240 x 10,000)

Fixed Costs:

Factory overhead = $350,000

Selling and admin = $140,000

Total fixed costs = $490,000

I) Total costs = variable plus fixed costs = $2,890,000 ($2,400,000 + 490,000)

II) Total cost per unit = $289 ($2,890,000/10,000)

Explanation:

The total cost method includes all the costs in arriving at the unit cost before adding the desired profit to arrive at the selling price of a product.

Total costs include the cost of goods sold and the expenses incurred in running the business for the period.

It is unlike the product cost-plus and variable cost-plus approaches to product pricing. For the product cost-plus approach, only the costs of production is taken into consideration for arriving at the selling price. In that case, the costs of direct materials and labor, and factory overheads would be considered, while variable and fixed selling and administrative costs are excluded. The unit cost would have been $250.

The variable cost-plus approach considers only the variable elements of costs to arrive at the selling price. These include the direct materials and labor costs, and variable element of the factory overhead and selling and administrative expenses. The unit cost would have been $240 as stated in the question.

These different cost-plus pricing approaches are more suitable for some industries than others. No matter the choice made, it must be noted that they result in different selling prices and can affect the competitiveness of a company.

4 0

3 years ago