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2 years ago

A high/low pricing strategy relies on the promotion of sales. True or False

Business

1 answer:

KengaRu [80]2 years ago

5 0

Answer:

True

Explanation:

Yes, high/low pricing strategy relies in the number of sales. A High/Low pricing technique, which depends on the improvement of sales, during which costs are incidentally decreased to support buys. At last, which customers incline toward which technique relies upon how those customers assess costs and quality. In order to increase the number of sales, firms usually set low prices in order to attract customers.

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A ________ is a contract that provides that a seller of a business or an employee will not engage in a similar business or occup

Mariulka [41]

Answer:

The answer is non-compete agreement

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2 years ago

During 2016, Chun's Book Store paid $485,000 for land and built a store in Cleveland. Prior to construction, the city of Clevela

Oksana_A [137]

Answer:

Journalize transactions for the following:

a. Purchase of the land

Dr Land 485,000

Cr Cash 485,000

b. All the costs chargeable to the building in a single entry

Dr Building 735,020

Cr Cash 735,020

The building accounts includes the $690,000 (construction costs) + $28,300 (capitalized interests) + $1,400 (building permit) + $15,320 (architect's fees).

c. Depreciation on the building for 2016 Explanations are not required.

Dr Depreciation expense 5,686

Cr Accumulated depreciation 5,686

Only the building is depreciated, land is not. Depreciation expense per year = ($735,020 - $337,000) x 1/35 = $11,372. Since Chun can only depreciate half a year, the depreciation expense will be $5,686.

Report Chun's Book Store's plant assets on the company's balance sheet at December 31, 2016.

Land $485,000

Building $729,334

What will Chun's income statement for the year ended December 31, 2016, report for these facts?

nothing, since interests were capitalized

4 0

2 years ago

Lok Co. reports net sales of $4,970,000 for Year 2 and $8,532,000 for Year 3. End-of-year balances for total assets are Year 1,

Mumz [18]

Answer:Assets turnover ratio Year 2 =2.87 times

Assets turnover ratio for Year 3 = 4.58times

Explanation:

The total assets turnover is calculated as = Net Sales / Average total assets

also,

Average total assets = (Beginning assets + Ending Assets) / 2

Average total assets for Year 2 = ($1,684,000 +$1,780,000)/ 2 =$1,732,000

Average total assets for Year 3 = ($1,780,000 + $1,949,000 )/2 =$1,864,500

Assets turnover ratio Year 2 =$4,970,000 / $1,732,000 = 2.87 times

Assets turnover ratio for Year 3 = $8,532,000 / $1,864,500 = 4.58times

6 0

3 years ago

Read 2 more answers

The term means to record an expenditure as an asset.

Novosadov [1.4K]

Answer:

Capitalize

Explanation:

3 0

2 years ago

LO 4.5Why are the overhead costs first accumulated in the manufacturing overhead account instead of in the work in process inven

vivado [14]

Answer Explanation:

For the manufacturing overhead occurs during the manufacturing process but unlike wages, the actual values are unknow thus, we cannot anticipate in a guarantee amount. Hence, the cost accounting works as follows:

It will stablish a predetermined overhead rate which will be charged against WIP based on another factor which can be measure (like working hours, machine hours, among others)

Then, during the period as the actual cost occurs they will be charged into manufacturing overhead account.

At the end of the period, we will be able to determinate the actual cost and adjust COGS, WIP and FINISHED GOOD if needed to represent the actual cost of the inventory produced.

3 0

3 years ago