Answer:
$ 4,231.47
Explanation:
By terminal value, it means the value of savings deposit at the end of the fourth year bearing in mind the first deposit made at the end of year 1 would only earn interest in years 2,3 and 4 , the second deposit would interest in years 3 and 4 since it was made at the end of year 2 and so on .
Future value of deposits=deposit*(1+annual interest rate)^n
n is the number of years that the each deposit would earn interest
terminal value=$1,000*(1+7%)^3+$700*(1+7%)^2+$1500*(1+7%)^1+$600*(1+7%)^0
terminal value=$ 4,231.47
Answer:
Date Account Title and Explanation Debit Credit
XXXX Cost of goods sold $5,800
To manufacturing overhead $5,800
(Entry for unapplied overhead transfer to cost of goods sold)
Answers with Explanations:
1. What type of market is Huy Fong targeting with its Sriracha sauce?
"Huy Fong's Food Inc." is a company that sells <em>Sriracha sauce</em> made in California. It has also partnered with several companies in order to provide variety of products based on its official flavor.
Since Huy Fong is <u>open to competition with other rivals</u>, it is clear that the company is using the "monopolistic competition" <u>type of market.</u> Hung Fung is not the only company that sells sriracha sauce, other companies like <em>Heinz</em> and <em>Tabasco</em> are also selling the same sauce.
However, it has been branded as the most authentic and original of all. Such <u>uniqueness of the Huy Fung Sriracha sauce</u> makes it<em> stand out from the rest</em>. In this aspect, the company is <em>monopolizing the competition.</em>
2. Of the four categories of segmentation variables, which is most important to Huy Fong's segmentation strategy, and why?
Of the four categories of segmentation variables, "demographic" is the most important to Huy Fung's segmentation strategy. The company's target market are men and women who belong to the<u> age range of 20-30 in the United States.</u>
This is the<em> specific population</em> that the company is focusing on. These people are considered to be<em> budgeting their money</em> and in that sense, they'd be able to afford the sriracha sauce.
Answer: B) The price for admission to a national park can be increased during peak times to limit overuse of the park.
Explanation:
In line with the rules of Supply and Demand, if a resource is in high demand, there should be a higher price associated with it to reflect its relative scarcity in relation to demand. If a resource is being overutilized (in demand) therefore, it would make sense that it gets a higher price.
This is the case with the national park during peak times. At this time there are quite a lot of people in it and this means that it is being overused. In such times, the entrance fee should increase to reflect that the demand is quite high and to limit the overuse of the park.
