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natali 33 [55]
3 years ago
11

"suppose scion is trying to reach the under 25 age group to make them long-term customers. for scion, this group would be its' _

_________"
Business
1 answer:
JulijaS [17]3 years ago
4 0
<span>The group would be Scion's target market. A target market is a particular group that a business is directing the majority of its marketing efforts towards. The target market usually consists of consumers who share the same demographic profile and have similar characteristics. These individuals have been determined by the business to be the most likely group to purchase its products or services, so they have been deemed the target market.</span>
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1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Net p
V125BC [204]

Answer:

A. 34.2%

B. 4.5%

C. 8.1%

D.10.64%

Explanation:

a) Calculation to determine Gross margin percentage

Using this formula

Gross margin percentage = Gross profit/Net Sales

Let plug in the formula

Gross margin percentage= 27000/79000

Gross margin percentage = 34.2%

b) Calculation to determine Net profit margin

Using this formula

Net profit margin = Net income/Net Sales

Let plug in the formula

Net profit margin = 3540/79000

Net profit margin = 4.5%

c) Calculation to determine Return on assets

Using this formula

Return on assets = (Net income+Interest expense)/Average total assets

Let plug in the formula

Return on assets = (3540+360)/48120

Return on assets= 8.1%

d) Calculation to determine Return on equity

Using this formula

Return on equity

= Net income/Average equity

Let plug in the formula

Return on equity = 3540/33270

Return on equity =10.64%

8 0
2 years ago
rawford Trucking plans to dispose of two trucks in 2022. They sell the first truck on January 2 and the second truck on July 9.
MakcuM [25]

Answer: C : They will need to subtract a partial year of depreciation from the book value of the second truck but not the first truck.

Explanation:

When disposing of fixed assets such as vehicles, depreciation has to be charged on them to see their Net Book Value.

Companies usually depreciate their vehicles on a yearly basis in accordance with the end of their fiscal year. This company therefore most likely depreciates on December 31.

The first truck is sold 2 days after this Depreciation so there is no need to add more depreciation to it.

However the second truck on the other hand was sold 6 months later. Depreciation needs to charged on this substantial period but since it was not for the full year, a partial one needs to be charged.

5 0
3 years ago
(Scenario 8-4) Within various sections of the ____ portion of its advertising plan, American Express explains how and why Visa h
KatRina [158]

Answer: situation analysis

Explanation:

6 0
2 years ago
Read 2 more answers
A business traveler joined the Starwood Preferred Guest Program in order to earn points each time he stayed overnight in a Westi
Anton [14]

Answer:

If it were up to me, i'd go with C, but feel free to correct me if i'm wrong

Explanation:

In customer relationship management (CRM), customer valuation is a scoring process used to help a company determine which customers the company should target in order to maximize profit.

This directly relates to the scenario were looking at. Sheraton might see that this guy goes there a lot, and wants to make him feel like hes getting a great deal, so he will continue to stay there. Technically he is getting a good deal, but it isn't going to change Sheraton's profits much.

4 0
3 years ago
The Eastern Division sells goods internally to the Western Division at Tennessee Company. The quoted external price in industry
Gennadij [26K]

Answer: Market based transfer pricing

Explanation:

A transfer price is the price which is charged by one division of an organization for the product or service which is supplied to another division of the same organization.

The three main criteria which must be satisfied by transfer pricing system in the decentralized company are:

(1) provision of information that allows central management to assess the divisions based on their contribution to total profit of the company

(2) stimulate every manager’s efficiency without the loss of the division’s autonomy.

(3) motivation of the divisional managers in order to accomplish their own profit goal in a way that contributes to the success of the company.

This is market based transfer pricing because the $220 transfer price that is selected is based on quoted external price.

7 0
3 years ago
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