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DENIUS [597]
3 years ago
13

If the manufacturer of a sophisticated new consumer electronics product determines that many target consumers qualify as "innova

tors" and "early adopters" with relatively inelastic demand curves, the company should use the ________ pricing strategy.A) gray marketB) skimmingC) penetrationD) market holdingE) cost-based
Business
1 answer:
valentina_108 [34]3 years ago
4 0

Answer:

B. skimming pricing strategy

Explanation:

Skimming pricing strategy -

It refers to the strategy of reducing the price of the goods and services over the period of time , is referred to as skimming pricing strategy .

In the initial time of the product launch , the demand of the product is very high and hence the price is also high .

But as the time passes by , the demand for the product reduces , and hence the price also reduces .

Hence , from the given scenario of the question ,

The correct option is B. skimming pricing strategy .

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What would be the best action for someone who is spending more than she is earning?
meriva
I think that it might be C
4 0
2 years ago
Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int
Karo-lina-s [1.5K]

Answer:

Annual deposit = $4100

Explanation:

Annual deposit = $4100

Number of years for retirement = 30 years

Future value of money = $1000000

Interest rate = 12%

Now use the below formula to find the annuity amount.

Annual deposit = Future value (A/F, r, n)

Annual deposit = 1000000 (A/F, 12%, 30)

Annual deposit = 1000000(0.0041)

Annual deposit = $4100

3 0
2 years ago
On January 1, 2019, Shay Company issues $400,000 of 10%, 12-year bonds. The bonds sell for $391,000. Six years later, on January
noname [10]

Answer:

$9,000

Explanation:

The computation of the  amount of the discount on the bonds at issuance is shown below:

= Par value of the bond - issued price of the bond

= $400,000 - $391,000

= $9,000

By deducting the issued price of the bond from the par value of the bond we can get the discount amount on issuance of the bond and the same is applied above

4 0
3 years ago
Monty Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $132,800 Allowance for
creativ13 [48]

Answer: The following journal entries apply:

a) Debit Bad debt expense                                    $32,727.6  

  Credit Allowance for doubtful accounts            $32,727.6

b) Debit Bad debt expense                                    $37,017.6  

  Credit Allowance for doubtful accounts            $37,017.6

Explanation: All the sales revenue are on credit to the tune of $806,700, however, there was sales return and allowance of $51,060, which has to be deducted from credit sales to arrive at the net credit sales of $755,640. This amount would be added to the accounts receivable of $132,800 to arrive at the total accounts receivable of $888,440.

a) 4% of $888,440 is $35,537.6. With credit balance of $2,810 in allowance for doubtful accounts, bad debt expense (addition) is $32,727.6  ($35,537.6 - $2,810).

b) 4% of $888,440 is $35,537.6 and there is a debit balance of $1,480 in allowance for doubtful accounts, bad debt expense (to reinstate allowance account to $35,537.6) is $37,017.6 ($35,537.6 + $1,480).

3 0
3 years ago
A restaurant chain sponsors a charity that provides support to the parents of children being treated for cancer. How would the u
VARVARA [1.3K]

Answer:

b. The money spent is worth the boost it gives to corporate image.

Explanation:

A restaurants charity  can be known as the activities related to the corporate social responsibility. Here the activities can be considered over and above what the law related to the land has prescribed and normally it is motivated to represent the company really care for the society also not the profit is only the purpose and in return the society helps the company to increased the profits

Therefore the option b is correct

4 0
2 years ago
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