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liubo4ka [24]
3 years ago
8

George Bailey purchased equipment from M. Potter for $450,000, paying $35,000 cash as a down payment and financing the remainder

. The correct journal entry to record this event is:
Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

Equipment $450,000 (debit)

Cash $35,000 (credit)

Suppliers Loan $415,000 (credit)

Explanation:

George Bailey must recognize the Asset of Equipment, de-recognize the Assets of Cash and recognize the Suppliers Loan as above.

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Your clients are interested in an investment that may appreciate in value and be a hedge against inflation. Their best alternati
elena-s [515]

Answer:

REAL ESTATE

Explanation:

When an asset is expected to be an hedge against inflation it implies that such an asset is expected to maintain or increase its value over time. Real Estate is considered a hedge against inflation, because land on the one-hand is an asset that does not depreciate but appreciate and forms part of the buildings in real estate, and secondly, home values and rents normally increases during times of inflation.

4 0
3 years ago
A monopolist can practice third-degree price discrimination. If demand in the United States is given by y1 = 7,200 – 100p1, wher
Novosadov [1.4K]

Answer:

The difference between the monopolistic price charged in England and the monopolistic price charged in the United States will be = 27

Explanation:

Y1 = 7200 -100p1 = > p1 = 72 – y1/100

Y2 = 3600 – 200p2   = > p2 = 18 – y2/200

The cost of monopolist (since it’s the same firm and uses same technology) shall be same in both countries, hence let us assume marginal cost to be say c

Now the first order condition for Profit Maximisation of a monopolist yields

Marginal Revenue = Marginal cost

= > Marginal Rev US = c = Marginal RevEngland…………………..i

Now, Revenue in US = p1y1 = y1(72 – y1/100)

MR US = dRev/dy1 =   72 – y1/100 -y1/100 = 72 – y1/50

Similarly MR­Eng = 18 – y2/100

Hence putting the above derivations in i:-

72 – y1/50 = 18 – y2/100

Now putting values for y1 and y2 again the above equation becomes:-

72 – (7200 -100p1)/50 = 18 – (3600 – 200p2)/100

= > 54 – 144 + 2p1 = -36 + 2p2

= > 2(p1 – p2) = -36 + 90 = 54

= > p1 – p2 = 27

8 0
3 years ago
Tara's company has launched a new style of lightweight running shoe. The company recently received some bad publicity. Tara is p
pogonyaev

Incomplete question. The remaining part reads;

<u>Identify the sales promotion technique based on the given scenario.</u>

Answer:

<u>Loyalty Points to Customers.</u>

Explanation:

An important sales promotion technique that fits well into this technique is the sales promotion technique. This technique involves providing some incentives that motivate your aggrieved customers to reconsider coming back to you.

For example, Tara could offer her customers loyalty points which they can redeem as discounts for every pair of the new style of lightweight running shoe. By so doing, she may be able to regain the trust of her customers.

6 0
3 years ago
Implementing a marketing plan a. is the starting point of the marketing mix strategy to identify target markets. b. entails gaug
GalinKa [24]

Answer:

Letter a is correct. <u>Is the starting point of the marketing mix strategy to identify target markets.</u>

Explanation:

A marketing plan can be defined as a detailed document that contains the actions that a company must take to achieve its marketing objectives. Through this document, it is possible to carry out a planning for a product, service and brand.

The stage of implementing the marketing plan is the starting point for the company to outline specific marketing strategies, such as the marketing mix, which is a strategic tool used to achieve its marketing objectives in the target market.

The marketing mix model most used by companies is that of 4P: product, square, price and promotion, and for each of the variables there is a set of specific activities that integrated help to achieve objectives and goals.

Therefore, the implementation stage is extremely relevant for the company, it is necessary to adjust expectations in order to set real and possible goals to be achieved in a certain time, it is also important to assemble a team with qualified professionals for the execution of the plan, so that the actions correspond to the organizational values ​​and strategies. Communication is also essential for feedback, new ideas and suggestions.

It is important to note that a marketing plan is changeable, as several factors influence it to evolve and change, so it is necessary to have constant monitoring and evaluation, so that this is an effective strategy for the company.

7 0
4 years ago
A dry cleaner uses exponential smoothing to forecast equipment usage. The August forecast was 88% and the actual was 89.6%. Use
Sophie [7]

Answer:

1. 88.16%

2. 88.54%

Explanation:

a. Prepare a forecast for September

Smoothing constant (a) is 0.1

Forecast for August (Ft) is 88%

Actual usage for August (At) is 89.6%

Forecast for September(Ft +1) will therefore be;

Using the formulae

= Ft+a (At-Ft)

= 88% + 0.1(89.6% - 88%)

= 88% + 0.16%

= 88.16%

b. Assuming actual September usage of 92% , prepare a forecast for October usage.

Since we have the following,

Smoothing constant(a) 0.1

Then forecast for September(Ft) is 88.16%

Also, actual usage for September (At) is 92%

Therefore, forecast for October (Ft + 1) will be,

Using the formula

= Ft+a(At - Ft)

= 88.16% + 0.1(92% - 88.16%)

= 88.16% + 0.384%

= 88.54%

7 0
3 years ago
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