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3 years ago

The function of the marketing board

Business

1 answer:

katrin2010 [14]3 years ago

7 0

Answer:

A marketing board is an organization created by many producers to try to market their product and increase consumption and thus prices. It can also be defined as an organization set up by a government to regulate the buying and selling of a certain commodity within a specified area.

Explanation:

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Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,4

uysha [10]

Answer:

Journal Entries

Journal 1 :

Equipment $23,400 (debit)

Cash $23,400 (credit)

Being Purchase of Equipment

Journal 2 :

Cash $6,800 (debit)

Service Revenue $6,800 (credit)

Being Service rendered for Cash

Journal 3 :

Salaries Expense $2,100 (debit)

Cash $2,100 (credit)

Being Salaries expense paid

Explanation:

Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.

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3 years ago

What is the best strategy to avoid paying interest on your credit cards?

lord [1]

c pay the miminum balance each month

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3 years ago

Read 2 more answers

The main risk in a strategic alliance is that? a. critical employees will be hired away by the strategic partne

Evgesh-ka [11]

Strategic alliances generally include the risk of one partner will make advantage of the other's information to strengthen its own competitive position.

A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. Compared to a joint venture, which sees two companies combine resources to form a new company, the arrangement is simpler and less legally enforceable.

The collaboration between Spotify and Uber is a well-known example of a strategic alliance. Due to their strategic partnership, Uber customers may log in to Spotify and listen to their favorite music while riding.

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1 year ago

Axcel software began a new development project in 2020. the project reached technological feasibility on june 30, 2021, and was

Neporo4naja [7]

The amortization of the software development costs for the year 2022 would be $5,60,000.

<h3>What is Amortization?</h3>

Amortization is the process of repaying a debt in equal amounts over time. A portion of each payment is applied to the loan principal, while the remainder is applied to interest.

When a mortgage loan is amortized, the amount paid toward principal begins small and steadily increases month after month.

Computation:

According to the given information,

The revenues of 2022 from the sale of new software(Sales Revenue)= $4,000,000.

Anticipated Additional Revenues = $6,000,000

Then, the total revenue is :

$\text{Total Sales} = \text{Sales Revenue + AAR}\\\\\text{Total Sales} = \$4,000,000+ \$6,000,000\\\\\text{Total Sales} = \$10,000,000$

Then, the percentage of Total Revenue would be:

$\text{Percentage of Total Revenue} = \dfrac{\text{Sales Revenue}}{\text{Tota Revenue}}\\\\\text{Percentage of Total Revenue} = \dfrac{\$4,000,000}{\$10,000,000}\\\\\text{Percentage of Total Revenue} = 40\%$

Then, the Cost incurred from June to the date of product release =

Therefore, the amortization of the software development costs for the year 2022:

$=\text{Cost incurred to product release} \times \text{percentage of Total Revenue}\\\\=\$1,400,000 \times 40\% \\\\=\$5,60,000$

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1 year ago

Congress would like to increase tax revenues by 10 percent. Assume that the average taxpayer in the United States earns $65,000

SSSSS [86.1K]

Answer: 16.5% is the average tax rate that will result in a 10 percent increase in tax revenues.

Explanation:

This is an example of static forecasting since no time parameter is involved.

Now,

Let initial revenue be "R" ,

"n" be no. of taxpayer

∴ R= 65000×0.15×n

R +0.1R= 65000×rate×n

Using the above two equation, we'll get ;

r = 16.5%

7 0

3 years ago

The function of the marketing board​

The function of the marketing board