Answer:
Trinity College sold 8 Games of ticket in $400,000
Till October 31 the game sorted out = 5 for example (2+3)
Measure of unmerited income on October 31
Unearned ticket revenue = (Amount received in advance × remaining month) / total month
Unearned ticket revenue = ($400,000 × 3) / 8
Unearned ticket revenue = $150,000
Adjusting Journal entry on October 31:
Debit: Unearned revenue = $250,000
Credit: Revenue = $250,000
(To record transfer of unearned revenue, to revenue account)
The total cost of the consulting job = (Indirect cost per hour + Direct cost per hour ) * Total hours
The total cost of the consulting job = ( $11 per hour + $60 per hour ) * 20 hours
= $ 71 * 20 = $ 1,420
Here , the Indirect cost per hour is $ 11 ( 7,700 / 700 )
Direct cost per hour is $ 60
And the total number of hours billed is 20
White colonizers conquered lands where nonwhite people lived was the dominant pattern of race relations in colonies.
Answer:
The preparation of an incremental analysis is given below
Explanation:
The preparation of an incremental analysis is shown below:
Particulars Make Buy Net Income - Increase/(Decrease)
Variable Manufacturing Cost
(10,300 × $5) $51,500 - $51,500
Fixed Manufacturing Cost
(10,300 × $3) $30,900 $30,900 -
Purchase Price (10,300 × 6) - $61,800 $(61,800)
Total Annual Cost $82,400 $92,700 $(10,300)
By above calculation, we can interpret that the marigold should make the part as it would became cheaper but it also saves the cost of $10,300
Answer:
B. It is a part of the marketing mix.
Explanation:
Price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price is important to a company because it is a part of the marketing mix.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Price is generally considered to be a variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
