Answer:
Informative
Explanation:
It would use <u>informative</u> advertising
Answer:
The normal balance of liabilities is a credit.
Explanation:
In the double entry system one account must be debited in order for the other to be credited.
There are different balances for each account. For the accounts with normal credit balance a credit causes it to increase while a debit decreases it.
For accounts with negative balance a credit reduces its balance while a debit increases its balance.
- Asset: Debit
- Expense: Debit
- Dividends: Debit
- Liability: Credit
- Owner’s Equity: Credit
- Revenue: Credit
- Retained Earnings: Credit
Liabilities are debt owed by a business. When payment is given out to settle a debt (a debit) it reduces to amount a business owes.
If more loans are collected (a credit) the liability figure increases.
So liability has a normal credit balance
Answer:
$1.28
Explanation:
The computation of the earning per share is shown below:
As we know that
Earning per share = Net income ÷ Number of shares outstanding
where,
Net income is
Earning before interest and taxes $24,600
Less: Interest
($60,000 × 6%) - $3,600
Income before tax $21,000
Less: tax for 40% - $8,400
Earning after tax $12,600
Less: Preference dividend
(1,500 shares × $5) -$7,500
Income available $5,100
So the earning per share is
= $5,100 ÷ $4,000
= $1.28
Answer:
contribution margin ratio= 0.86
Explanation:
Giving the following information:
Young Company budgets sales of $970,000
Variable costs of $135,800.
<u>To calculate the contribution margin ratio, we need to use the following formula:</u>
contribution margin ratio= contribution margin / sales
contribution margin ratio= (970,000 - 135,800) / 970,000
contribution margin ratio= 0.86
Answer:
Sales orientation
Explanation:
Sales orientation refers to trying to sell the products that you know how to produce instead of the products that customers need. This type of marketing approach was very common during the 1920s to early 1950s, where large manufacturing companies based their marketing strategies on promotional events, specially large discounts, instead of caring about what would satisfy their customers' needs.
Charlotte probably loves her mom's cookie dough and since she truly believes that anyone who tries it will also love it, then she should sell it. The problem with this approach is that Charlotte hasn't thought about what are her potential customers' needs and wants. Even if they like the edible cookie dough, will they buy it? Does edible cookie dough satisfy anyone's needs?
Some people argue that effective marketing will create a need even if it didn't exist, Steve Jobs was the most notorious supporter of that idea, but how many people have created products that changed the world more than once? Will edible cookie dough be so fantastic that it will change its customers' lives?
