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Nataly_w [17]
3 years ago
14

Why is it important to conduct market research on your target audience before building your marketing plan?

Business
1 answer:
Tcecarenko [31]3 years ago
3 0
Conducting market research on your target audience before building a marketing plan allows you to understand your customers/clients and their needs. By completing a marketing plan that includes demographical research as well as spending and purchasing goals and plans, you can understand how to adjust each of the 4 Ps (Price, Place, Promotion, and Product) to create value for your customers and differentiate your product in the marketplace. 
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Penny Lane and Associates purchased a generator on January 1, 2015, for $6,300. The generator was estimated to have a five-year
s2008m [1.1K]

Answer:

The depreciation expense recorded in 2017 will be $930

Explanation:

Cost of the generator = $6,300

Initial useful life = 5 years

initial salvage value = $600

Revised useful life = 6 years

Revised  salvage value = $300

Now,

Initial Annual depreciation = [ Cost - Initial salvage value ] ÷ Initial useful life

= [ $6,300 - $600 ] ÷ 5

= $1,140

Therefore,

accumulated depreciation till the end of 2016

= 2 × $1,140

= $2,280

Therefore,

Book value for the year 2017

= Cost - accumulated depreciation till the end of 2016

= $6,300 - $2,280

= $4,020

Therefore,

The revised annual depreciation

= [ Book value for 2017 - Revised salvage value ] ÷ Remaining useful life

= [ $4,020 - $300 ] ÷ (6 - 2)

= $930

Hence,

the depreciation expense recorded in 2017 will be $930

7 0
3 years ago
Spectacular Corporation began the year with accounts​receivable, inventory, and prepaid expenses totaling $67,000. At the end of
bixtya [17]

Answer:

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $82,000

Adjustment made:

Add : Depreciation expense $10,000

Less  : Gain on the sale of land ($3,000)

Less: Increase in current assets -$11,000 ($78,000 - $67,000)

Less: Decrease in current liabilities -$1,000 ($43,000 - $44,000)

Total of Adjustments -$5,000

Net Cash flow from Operating activities $77,000

6 0
3 years ago
Anyone want to help?
beks73 [17]
The answer is 5 hope I helped u
7 0
3 years ago
On April 1, Griffith Publishing Company received $33,480 from Santa Fe, Inc. for 36-month subscriptions to several different mag
WARRIOR [948]

Answer:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Explanation:

Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Calculated as :

Amount received $33,480/36 months ×9 months

=$8,370

Note that from 1st April to 31st December will give us 9 months.

7 0
3 years ago
Economic Ordering Quantity (EOQ). The Gentry Garden Center sells 100,000 bags of lawn fertilizer annually. The optimal safety st
GalinKa [24]

Answer:

1. Annual demand ( D) = 100,000 bags

Ordering cost per order (Co) = $15

Holding cost per item per annum (H) = 15% x  $2 = $0.30

EOQ = √<u>2DCo</u>

                H

EOQ = √<u>2 x 100,000 x $15</u>

                  0.30

EOQ = 3,162 units

2. Maximum inventory

   = Safety stock + EOQ

   = 1,500 + 3,162

   = 4,662 units

3. Average inventory

   = EOQ/2

   = <u>3,162</u>

         2

   = 1,581 units

4. Number of order

   = <u>Annual demand</u>

            EOQ

   = <u>100,000</u>

        3,162

  = 32 times

       

Explanation:

EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by  holding cost per item per annum.

Maximum inventory is the aggregate of safety stock and EOQ.

Average inventory is economic order quantity divided by 2

Number of order is the ratio of annual demand to economic order quantity.

3 0
3 years ago
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