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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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Essay about an private company​
il63 [147K]
You want us to write it for you lol?
8 0
3 years ago
it is possible for a hospitality operations at a profit during any given month but simultaneosly have insufficient cash flow dur
belka [17]

Answer:

True

Explanation:

Cash flow is a measure of the available cash and cash equivalent for operation in a business year.It has to be positive to generate value for investors and also to remain in business.

Profit is defined as the excess of income over expenses.

We need to know that profit are calculated on accrual basis, which means that income are recorded when earned and expenses recorded when incurred. In a situation where most sales are on account , i.e no instant cash payment and most expenses are on cash basis, this could cause a deficit in the cash flow volume. The level of inventory held could also lead to a negative cash flow despite a profitable operation if it is too high.

6 0
3 years ago
A primary reason why supply chains exist is that____________ is added at each step of every supply chain.
jeka94

<u>Specialization</u> is added at every step of the supply chain which could the reason for the existence of a supply chain.

<h3>What is meant by supply chain?</h3>

A supply chain is a linkage between the company and its vendors for product distribution in the market for sale.

The supply chain involves many entities like production firms, vendors, distribution companies, transportation companies, etc. Every step of the supply chain needs specialized expertise for performing the operations like the production firm needs raw materials to convert the goods into saleable ones.

Therefore, the existence of a supply chain would be due to specialization which requires in every step of it.

Learn more about the supply chain in the related link:

brainly.com/question/13297496

#SPJ1

5 0
1 year ago
You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with
mel-nik [20]

Answer:  $6,285.71

Explanation:

$10,000 to be invested.

The portfolio expected return is a weighted average of the two stocks.

Preferred return = 12.4%

0.124 = \frac{0.15X + 0.08(10,000 - X) }{10,000}

1,240 = 0.15X + 800 - 0.08X

1,240 -800 = 0.07X

0.07X = 440

X = $6,285.71

Invest $6,285.71 in Stock X.

7 0
3 years ago
you are about to borrow $10 000 from a bank at an interese rate of 10% compounded annually. you are required to make five equal
pshichka [43]

Answer:

Loan amortization schedule is attached with this answer in PDF format please, find it.

Explanation:

Loan payments, includes the payment of interest and principal as well. The interest is calculated for the period opening balance of loan and the residual amount of loan payment is settled against the lease amount.

Download pdf
5 0
3 years ago
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