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zubka84 [21]
3 years ago
13

The objective of a best-cost strategy is to: a. Deliver superior value to value-conscious buyers at a comparatively lower price

than rivals. b. Out-compete rivals using low-cost provider strategies. c. Translate its best-cost status into achieving the highest profit margins of any firm in the industry.
Business
1 answer:
Lerok [7]3 years ago
4 0

Answer:

a. Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.

Explanation:

The objective of a best-cost strategy is to: Deliver superior value to value-conscious buyers at a comparatively lower price than rivals.

A best-cost strategy is built on product offering that guarantee customers better value for money by focusing both on low cost and upscale difference.

The ultimate goal of the best-cost strategy is costs and prices reduction to a point lower than other providers of similar products with comparable quality and features.

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Answer

Debit Accounts receivable   $4,200

Credit Revenue account       $3,870.97

Credit State Sales tax payable        $232.26

Credit local Sales tax payable         $96.77

Explanation:

When revenue is earned but cash is yet to be received and sales tax are to be accounted for at 8.5%, the entries required are;

Debit Accounts receivable   108.5%

Credit Revenue account       100%

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Given that the sales tax amount is in addition to the credit sale amount, let the sales revenue be R

6% * R + 2.5% * R + R = $4,200

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R = $3870.97

States tax = 6% * $3870.97

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Local tax = 2.5% * $3870.97

= $96.77

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