Answer:
competition based pricing
Explanation:
When a company engages in a competition based pricing strategy, they will set the price of their products or services taking based on the price of their main or direct competitor. The product or service provided by the competitor is used to benchmark both the price and quality of the goods and services offered by the company.
For example, Coca Cola products are used as a price reference for all the soda products sold by other companies.
Answer:
Craig Manufacturing Company operates its three production departments within a single facility. Each department produces its own products and maintains its own production equipment. Although they share a common facility, each department is overseen by a separate supervisor. Which one of the following costs is a direct cost of each department?
Production supervisor salary
Explanation:
Production supervisor salary serves as the overhead cost that is attribute to the production in the manufacturing company, it is direct cost for each department since every department has a supervisor
Answer:
b. increase expenses by $12,900
Explanation:
The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.
The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.
<span>Making a credit card minimum payment means you are paying a small portion of your total credit card debt. The minimum payment on your credit card is ordinarily set at the more noteworthy of a rate of your adjust, or a money sum, for example, 3%. Added to this will be any enthusiasm due for the month, any charges caused due to a default in installment, and perhaps some portion of the yearly expense if there is one.</span>
Answer:
Love Drycleaner's Assets: 81
Ernie's Bank Liability: 5
Weekly Stop Grocery Equity: 31
Ernie's Bank has the strongest financial position as it has de better debt to equity ratio
Explanation:
Accounting equation:
Assets = Liability + Equity
<u>Love Drycleaners:</u>
Assets ??? = Liab 43 + Equity 38
Assets = 43 + 38 = 81
<u>Ernie's Bank:</u>
Assets 25 = Liab ?? + Equity 20
Liab= 25 - 20 = 5
<u>Weekly Stop Grocery:</u>
A 38 = L 9 + E ??
equity = 38 - 9 = 31
THe strongest financial position will be for Ernie's Bank
As the debt to equity ratio is the lowest:
<u>Love Drycleaners: </u> 43/38 = 1.13 there is 1 dollar of debt per every dollar of quity an increase in the interst rate may cause troubles to this company.
<u>Ernie's Bank: </u> 5/20 = 0.25 There is 0.25 of debt per every dollar of equity This company is finance almost through equity so it could useleverage if needed to keep operations
<u>Weekly Stop Grocery:</u> 9/31 = 0.29 This company is also in good position as Ernie's but the question is for the strongest and that one is Ernie's Bank
