Answer:
a retailer, a marketing agency
Explanation:
Since this business is operating both B2B (business to business) and B2C (business to consumer), it would be wise to transfer the B2C operating to a retailer. It is often hard for manufacturing businesses such as SEP to handle this two-way communication and it is often advised to reach the end users via retailers.
When it comes to marketing agencies, it is a common practice to leave the promotion part of the marketing mix to these external groups. Outsourcing advertising and promotion activities to marketing agencies is very cost-effective, as agencies tend to have more a creative basis.
Answer:
b. the market for wallpaper is in equilibrium.
Explanation:
Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.
It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.
The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)
That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.
A transaction is any monetary business event that impacts a business's financial statements.
<h3>The journal entries </h3>
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
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Answer:
Inventory would be 1, 768
Explanation:
2,000 goods
+200 freight-in (A)
-400 returned goods
<u> -32 </u> discount (B)
1, 768 net amount for inventory
<u>Notes:</u>
(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.
(B) goods x discount rate
net goods 2,000 - 4,00 return = 1,600
discount for payment within 10 days 2%
Discount on purchase: 1,600 x 2% = 32
Answer:
Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.
Explanation:
Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.
