All categories

4 years ago

Which of the following is an example of a company that serves a niche market?

Business

1 answer:

Natasha_Volkova [10]4 years ago

3 0

Answer:

C) a manufacturer who creates tools such as bolts, latches, door handles etc. for left-handed individuals

Explanation:

A niche market is a segment of a market that has a specific target group of consumers, usually due to a highly specific need or interest of those people. On the contrary, mainstream providers cater to the needs of the mass market, a customer base that is not specific and is largely diverse.

Therefore, large-scale manufacturers that have a large range of standardized products are not considered as niche.

In this example, the company producing miscellaneous things tailored for left-handed individuals is highly niche by nature.

You might be interested in

Cynthia Co. exchanged Building 24 which has an appraised value of $4,800,000, a cost of $7,600,000, and accumulated depreciation

DENIUS [597]

Answer:

See the journal entries below.

Explanation:

In the Book of Cynthia Co.

Book value of Building 24 = Cost of Building 24 - Accumulated depreciation of Building 24 = $7,600,000 - $3,619,000 = $3,981,000

Gain on disposal of Building 24 = Building 24 an appraised value of - Book value of Building 24 = $4,800,000 - $3,981,000 = $819,000

Basis for Building M = Building M appraisal value - Gain on disposal of Building 24 = $4,560,000 - $819,000 = $3,741,000

Cash = Accumulated Depreciation of Building 24 + Basis for Building M - Cost of Building 24 - Gain on Disposal of Building 24 = $3,619,000 + $3,741,000 - 7,600,000 - $819,000 = $1,059,000

The journal entries will look as follows:

Accounts Title Debit ($) Credit ($) 

Accumulated Depreciation 3,619,000

Building M 3,741,000

Cash 1,059,000

Building 24 7,600,000

Gain on Disposal 819,000

To record the exchange of Building 24 for Building M from Waterway Co.

In the Book of Waterway Co.

Building 24 = Building M cost + Cash - Building M depreciation = $9,096,000 + $1,059,000 - $4,747,000 = $5,408,000

The journal entries will look as follows:

Accounts Title Debit ($) Credit ($) 

Accumulated Depreciation 4,747,000

Building 24 5,408,000

Building M 9,096,000

Cash 1,059,000

To record the exchange of Building M for Building 24 from Cynthia Co.

4 0

3 years ago

Gruber Corp. pays a constant $8.45 dividend on its stock. The company will maintain this dividend for the next 15 years and will

nata0808 [166]

Answer:

The price of the stock today is $54.61

Explanation:

The stock of this company pays a constant dividend for a defined period of time after equal intervals. Thus, it is just like an annuity. To calculate the price of such a stock, we will use the present value of annuity formula:

Assuming that the dividend is paid at the end of the period.

Present Value of Annuity = Dividend * [(1 - (1+r)^-n) / r]

Where,

r is the required rate of return
n is the number of years of annuity

The price of the stock today is,

P0 = 8.45 * [(1 - (1+0.13)^-15) / 0.13]

P0 = $54.607 rounded off to $54.61

5 0

3 years ago

Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,520,000; sales returns and allowa

elena-14-01-66 [18.8K]

Answer:

c. $12,175,000.

Explanation:

Given: Merchandise sold by Lang company= $12520000.

Sales return and allowances= $270000.

Discount= $140000.

While calculating net sales, freight out charges is not included as it an selling expense and it should be included while calculating Gross profit of the company.

Here, we have to find the last year net sales for Lang company.

∴ $Net sales= sales\ revenue- (sales\ returns\ and\ allowances + sales\ discount)$

⇒ Net sales = $12520000-(270000 + 75000) = 12520000 - 345000$

∴Net sales= $\$ 12175000$

6 0

4 years ago

Concord Corporation had the following transactions during 2022: 1. Issued $190000 of par value common stock for cash. 2. Recorde

sergejj [24]

Answer:

The net cash provided by financing activities -$157,600.

Explanation:

Net cash provided by financing activities refers to the difference between the total cash inflows and total cash outflows from the financing activities section of the cash flow staement.

The net cash provided by financing activities can be calculated by preparing a partial cash flow statement as follows:

Concord Corporation

Net Cash Flow Statement (Partial)

As at December 31, 2022

Details Amount

Par value common stock issued for cash 190,000

Dividend declared and paid in cash (15,200)

6-year note payable repaid (334,400)

Net cash provided by financing activities (157,600)

Therefore, the net cash provided by financing activities -$157,600.

Alternatively, the net cash provided by financing activities can be calculated as follows:

Net cash provided by financing activities = Par value common stock issued for cash - Dividend declared and paid in cash - 6-year note payable repaid = $190,000 - $15,200 - $334,400 = -$157,600

7 0

3 years ago

What does compounding interest mean??

ivolga24 [154]

Compounding interest is interest on top of interest.

For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.

That means that you get 10% interest not only on those 100 bucks, but all the money you make after.

So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.

I hope this helps and please press that ❤ under my reply, it really helps!

7 0

3 years ago