Answer:
The journal entry to record the lease would be:
Debit Credit
Asset $3,000,000
Lease Payable $3,000,000
Debit Credit
Lease Payable $195,774
Cash $195,774
Explanation:
To prepare the journal entry to record the lease we would have to calculate the present value of lease payments as follows:
present value of lease payments=$195,774*15.32380=$3,000.000
Therefore, the journal entry to record the lease would be:
Debit Credit
Asset $3,000,000
Lease Payable $3,000,000
Debit Credit
Lease Payable $195,774
Cash $195,774
This unique set of associations that consumers will make with the Jeep brand is referred to as brand image
.
Option C
<u>Explanation:
</u>
Marketing branding analyzes and designs the image of a brand throughout the market. For sales and marketing, it is important to develop a good connection to the target market. The commodity, its appearance, quality, and labelling, etc. are the measurable aspects of brand management.
Brand Image is an idea or perception that consumers create in their head within a certain period of time about a specific brand. The brand image can be characterized as the vision and interaction of current and potential customers with the brand. The company photo ultimately fills the customer's mind. Brand image can be similar or completely opposite to brand identity.
Answer:
Correct option is C.
<u>$25,000, $25,000.</u>
Explanation:
Gross profit on sale = (300,000-250,000)/300,000 = 16.67%
Gain recognized in:
Year 1 = 150,000 * 16.67% = 25,000
Year 2 = 150,000 * 16.67% = 25,000
