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Elenna [48]
3 years ago
7

GoodFurn Furniture Company has recently moved to a new, larger location. At the new location, it has been unable to attract suff

icient customers. Its owner did not have the cash to pay the current loan installment due for the building and inventory So, he decided to reduce all merchandise prices by at least 50 percent for a weekend sale to earn enough to make his loan payment. In this case, the owner's pricing objective can be classified as:
a. market share maximization.
b. satisfactory profits.
c. asset maximization.
d. sales maximization.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
3 0

Answer:

d. sales maximization.

Explanation:

Sales maximization is the objective of a firm which involves selling as many units of a good or service as possible, without making a loss.

Implies sacrificing some short-term profit with a view to achieving a longer-term gain. For example, while seasonal ‘sales’ may result in lower profits, space is created as stocks are cleared, and more profitable lines can be introduced.

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Lori, a self-employed pediatrician, currently earns $200,000 annually. Lori has been able to save 15%of her annual Schedule C ne
Dafna11 [192]

Answer:

49.5%.

Explanation:

% of salary towards social security tax = (19000/200,000)*100

                                                                = 9.5%

% of savings = 15%

Yearly mortgage payments = 4333.33*12

                                              = 52000

% of mortgage payments = (52000/200,000)*100

                                          = 26%

Replacement ratio = 100% - ( 9.5% + 15% + 26%)

                               = 49.5%

Therefore, You would expect Lori's wage replacement ratio to be 49.5% at retirement.

7 0
3 years ago
What is true of the product combination that satisfies allocative efficiency? Select all that apply: a. It is the combination of
elena-14-01-66 [18.8K]

Answer:

The answer is a. It is the combination of products that society most desires.

Explanation:

Allocative efficiency means that the particular mix of goods being produced that is, the specific choice along the production possibilities frontier represents the allocation that society most desires.

6 0
3 years ago
Post Delivery Service acquired at book value 80 percent of the voting shares of Script Real Estate Company. On that date, the fa
Rudik [331]

Answer:

a) Consolidated  Net Income

When preparing consolidated Net Income, We add each and every line item on a Parent's financial statements with the same line item on the Subsidiary's financial statement and adjust line items like revenue ( intra-group sale) , cost of goods sold ( unrealized profits) , other incomes ( dividends received) and expenses (depreciation on profits) .

b) JOURNAL ENTRIES

Debit Common stock $ 280,000 Debit Retained Earnings $ 95,000 Credit investment $ 300,000 Credit Non_Controlling interest( N . C . I ) $ 75,000

c) Debit Service Revenue $ 21,000,Credit Service fee $ 21,000

Debit  Gain or profits on sale of land $ 25,000 Credit Land $ 25,000

Debit Dividends received  $ 8000, N . C . I $2000 Credit Dividends paid $ 10,000

Explanation:

The question is incomplete, it lacks the financial statements to be consolidated.

Steps to Consolidated Statements

1 . Eliminate common transactions ( transactions like intra-group sale , dividends , etc . .)

2 . Consolidate the financial statements

b) we credit investment and if investment is greater than the total of common stock and retained earnings at 80%  then we create equity represented by goodwill ( asset ) , if investment is less the we set off that amount in the retained earnings of the investing company. (Assuming investment = 80 % of total amount at acquisition .

5 0
3 years ago
At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes
fenix001 [56]

We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

<h3>What is aggregate demand?</h3>

Aggregate demand refers to the total demand for goods and services within an economy.

Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.

<h3>Answer Options:</h3>

a. Both the US and Europe

b. The US, but not Europe

c. Europe, but not the US

d. Neither the US nor Europe

Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

Learn more about aggregate demand at brainly.com/question/1490249

8 0
2 years ago
Most good managers enjoy mentoring employees. Most good managers are people- oriented individuals. Assuming these two statements
-BARSIC- [3]
Taking most as more than half, then more than half of good managers enjoy mentoring people and more than half good managers are people-oriented. So, necessarily the two sets overlap, meaning tha some good managers are both people oriented and enjoy mentoring.

Then the answer is yes, some people oriented individuals enjoy mentoring employees.
3 0
3 years ago
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