1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka57 [31]
3 years ago
12

Hillary has a new product idea that aligns well with her company's current organizational resources. she puts together a present

ation for potential buyers and requests feedback on their reactions and suggestions. hillary is
Business
1 answer:
Andre45 [30]3 years ago
8 0
<span>Hillary is concept testing. This is the act of investigating how customers will react to different goods or services prior to them being introduced into the market. Prior to launching a new product, like Hillary companies test the idea on a group to see what the consumers like, dislike, and any suggestions they have so that the product can be tweaked to better suit the market.</span>
You might be interested in
Belden, Inc. acquires 30 percent of the outstanding voting shares of Sheffield, Inc. on January 1, 2017, for $312,000, which giv
Oksi-84 [34.3K]

Answer:

how much income would Belden report for 2017 and 2018 in connection with the company's investment in Sheffield

2017: $54,000

2018: $69,000

total $123,000

Explanation:

the journal entries used to record the investment in Sheffield Inc. are:

January 1, 2017

Dr Investment in Sheffield Inc. 312,000

    Cr Cash 312,000

the adjustments entries necessary for 2017 are:

December 31, 2017, dividends are distributed

Dr Cash 21,000 (= $70,000 x 30%)

    Cr Investment in Sheffield Inc. 21,000

December 31, 2017, net income is reported

Dr Investment in Sheffield Inc. 54,000 (= $180,000 x 30%)

    Cr Revenue from investment in Sheffield Inc. 54,000

the adjustments entries necessary for 2018 are:

December 31, 2018, dividends are distributed

Dr Cash 24,000 (= $80,000 x 30%)

    Cr Investment in Sheffield Inc. 24,000

December 31, 2018, net income is reported

Dr Investment in Sheffield Inc. 69,000 (= $230,000 x 30%)

    Cr Revenue from investment in Sheffield Inc. 69,000

7 0
3 years ago
Juanita receives her paycheck and knows that her gross pay and federal tax are correct. Using the fact that Social Security tax
tensa zangetsu [6.8K]

Answer:

a. The net pay is correct.

Explanation:

Suppose the missing part of the question which is the gross pay and the federal tax is 1020.00 and 107.00 respectively.

Then, Social Security tax 6.2% of the gross pay = \dfrac{6.2}{100}\times 1020

Social Security tax 6.2% of the gross pay  = 0.062 × 1020

Social Security tax 6.2% of the gross pay  = $63.24

the Medicare tax is 1.45% of gross pay = \dfrac{1.45}{100} \times 1020

the Medicare tax is 1.45% of gross pay = 0.0145  × 1020

the Medicare tax is 1.45% of gross pay =  $14.79

the state tax is 19% of federal tax = \dfrac{19}{100} \times 107

the state tax is 19% of federal tax = 0.19 × 107

the state tax is 19% of federal tax = $20.33

Hence, to determine if Juanita's net pay is correct, we have the summation of all our estimated figures minus the gross pay.

i.e

Juanita's net pay = $1020 - $(107 + 63.24 + 14.79 + 20.33)

Juanita's net pay =  $1020 - 205.36

Juanita's net pay =  $814.64

3 0
3 years ago
Bonita Industries took a physical inventory on December 31 and determined that goods costing $210,000 were on hand. Not included
UNO [17]

Answer:

$258,500

Explanation:

The terms FOB shipping point indicates that ownership of the goods will passes to the buyer immediately the goods are accepted or collected from the seller by the public carrier. Since the goods in the question are already in transit, they should be added to the closing stock.

FOB destination destination implies ownership of the goods passes to the buyer at the destination. Since the goods in the questions are still in transit, they should be included in the closing stock.

Therefore, we have:

December 31 inventory = $210,000 + $24,000 + $24,500 = $258,500

Therefore, Bonita should report $258,500 as its December 31 inventory,

6 0
3 years ago
What tools manage formatting for certain types of documents, including font choices, spacing, and margins?
nekit [7.7K]

Answer:

I think its stylistic

Explanation:

because style is related to format and those are like formatting.

Hope this helps :)

8 0
4 years ago
On January 1, ABC sold $30,000 in products to a customer on account. Then on January 10, ABC collected the cash on that account.
____ [38]

Answer:

Collection of Cash on January 10

The Impact on ABC's accounting equation:

The Assets (Cash) will increase by $30,000 and another type of Assets (Accounts Receivable) will decrease by $30,000.

The collection of cash on January 10 does not affect the other side of the accounting equation.

Explanation:

The accounting equation shows that for every transaction, the Assets will be equal to the Liabilities + Owners' Equity.  The explanation is that the financial resources which an entity owns actually belong to either creditors or equity owners in the form of financial obligations (liabilities) or contributed capital plus some parts of the net income over the years which the entity has reinvested in its business.

The accounting equation is the fulcrum of the double-entry accounting system.  On a company's balance sheet, the accounting equation shows that assets equal the sum of the company's liabilities and shareholders' equity.

7 0
3 years ago
Other questions:
  • Fabri Corporation is considering eliminating a department that has an annual contribution margin of $35,000 and $70,000 in annua
    7·1 answer
  • The amount borrowed when taking out a loan
    15·1 answer
  • None of the houses that Frank Lloyd Wright built in the Prairie Style actually stood on the prairie, though the drawings in the
    11·1 answer
  • On January 1, 20X1, Picture Company acquired 70 percent ownership of Seven Corporation at underlying book value. The fair value
    6·1 answer
  • On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,000,000. The bo
    12·1 answer
  • ​small businesses are hesitant to involve in global business because it:
    11·1 answer
  • Lester's is a globally diverse company with multiple divisions and a cost of capital of 15.8 percent. Med, Inc., is a specialty
    10·1 answer
  • This activity is important because marketing managers must discover what prospective customers need and want. Marketing managers
    6·1 answer
  • A restaurant chain sponsors a charity that provides support to the parents of children being treated for cancer. How would the u
    11·1 answer
  • Journalize each correcting entry discovered during August of the current year: Use page 15 of the journal. Transactions: Aug. 1
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!