Lorna makes an advance rent payment of $36,000 on January 1. These are the outcomes of this transaction. decreasing cash and increasing rent.
Cash in economics refers to currency in its actual, physical form, such as coins and banknotes.
Cash is defined in bookkeeping and financial accounting as current assets made up of money or money equivalents that may be obtained instantly or almost immediately (as in the case of money market accounts). Cash is viewed as a tool to either prevent a decline in the financial markets or as a reserve for payments, in the event of a structural or accidental negative cash flow.
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The correct answer is B! Look at picture for more information:
Answer: a. menu costs
Explanation:
Menu Costs of inflation are the costs associated with sellers and suppliers having to update their prices whenever they increase.
This is the cost of making new tags, updating catalogues, updating websites and anything that has to do with updating price.
It gets it's name from Restaurant menues having to be reprinted when prices rise.
Jacques is experiencing Menu Costs.
Answer:
Explanation:
We need to purchase to fullfil the inventory for this amount of units.
<u>Now we have to calculate each component:</u>
Next, we multply the purchase requirement per amount per tpye of unit. Once we got total quantity me multiply by the cost.
Answer:
The Penetration Strategy
Explanation:
The penetration strategy is aggressive. It primarily seeks to increase a firm's share of total sales in a particular market or for a particular product. The prices are lowered to achieve the acquisition of a large percentage of consumers in a competitive market.
One of the goals of the firms who use this strategy is to significantly reduce the sales of the competitors so much so, they are forced to drop out of that market.
To effectively carry out the penetration strategy, the following methods are used:
- Price reduction which is what this question is about
- Terms Improvement- Better customer experience among others
- Expanded Marketing- Creative ways of marketing existing products
- Product Differentiation- Creating a radically different product that attracts customers
- Distribution Channel - Creating more aggressive channels for product distribution