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3 years ago

From the buyer's perspective, which of the following is a benefit of a product with a well-known brand name?

Business

1 answer:

olga55 [171]3 years ago

8 0

Answer:

C. adds to repeat purchases

Explanation:

From the buyer's point of view, a well known brand name helps to distinguish the product from others on the market.

When value is associated with a particular brand, buyer will tend to seek it out when making purchases, therefore resulting in repeat purchases.

Branding is a great way for companies to increase their competitive advantage over other products in the market.

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Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common

Vanyuwa [196]

Answer:

The company's revenue for the year is $1,615,000.

The correct option is A. $1,615,000.

Explanation:

Given:

Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common stock, recorded expenses of $1,500,000, and paid dividends of $90,000.

If Patterson’s ending retained earnings was $350,000.

Now, to find the company's revenue for the year.

Opening Retained earnings = $325,000.

Common stock = $500,000.

Recorded expenses = $1,500,000.

Paid dividends = $90,000.

Closing Retained earnings = $350,000.

Now, to get the revenue of the company we put formula:

Revenue = (Recorded expenses + paid dividends + closing Retained earnings) - opening Retained earnings

$Revenue=(1500,000+90,000+350,000)-325,000$

$Revenue=1940000-325000$

$Revenue=1615,000.$

Therefore, the company's revenue for the year is $1,615,000.

The correct option is A. $1,615,000.

4 0

4 years ago

On January 1, 2020, Klosterman Company issued $500,000, 10%, 10-year bonds at face value. Interest is payable annually on Januar

Ede4ka [16]

Answer and Explanation:

Journal entry to record the issuance of the bonds.

Jan 1

Dr cash $500,000

Cr bonds payable $500,000

B. Journal entry to record the accrual of the interest

Dec 31 2020

Dr Interest expense $25,000

Cr Interest Payable $25,000

C. Journal entry to record the payment of interest on January 1, 2021.

Dr Interest expense $25,000

Cr Cash $25,0000

Interest expense $500,000×10%×1/2=$25,000

3 0

3 years ago

Which of the following has the biggest impact on consumer goods during war times?

amm1812

<h3>Full question:</h3>

Which of the following has the biggest impact on consumer goods during war times?

a. Consumers deferring purchases in hopes of a better deal

b. High interest rates

c. Low inflation

d. High inflation

Answer:

The biggest impact on consumer goods during war times was High inflation

Explanation:

Inflation raised during or as an immediate outcome of these struggles of stock markets endured dull subsequent termination of the war. The government demanded to execute price and wage restrictions in acknowledgment of inflation which had risen due to the extra inducement that was generated by government spending.

Distinctly, both using and financing continued building subsequent the war; nevertheless, the growth was beneath the course rate before the war. Prices, influenced by the rate of inflation, commonly affect consumer spending on goods significantly.

6 0

3 years ago

Neilsen Cookie Company sells its assorted butter cookies in containers that have a net content of 1 lb. The estimated demand for

velikii [3]

Answer:

46,734 units per run

Explanation:

total estimated demand = 700,000 containers

setup costs per production run = $546

manufacturing cost = $0.47 per container

holding cost = $0.35 per container

r = 700,000 / x

total setup costs = 546r = 546 (700,000/x) = 382,200,000/x

production costs = 0.47 x 700,000 = 329,000

storage cost per unit= 1/2r x 0.35 = 0.35/2(700,000/x) = 0.35x/1,400,000

total storage costs = 700,000 x 0.35x/1,400,000 = 0.175x

C(x) = 382,200,000/x + 0.175 x + 329,000

now we find the derivative:

C'(x) = -382,200,000/x² + 0.175

382,200,000/x² = 0.175

382,200,000 = 0.175x²

x² = 382,200,000 / 0.175 = 2,184,000,000

x = √2,184,000,000 = 46,733.28 ≈ 46,734 units per run

this answer is based on a continuous production process, there are 14.98 runs per year

6 0

4 years ago

The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if

nignag [31]

Answer:

a.the price level is higher than expected making production more profitable.

Explanation:

The sticky wages shows that the output increases if the price level is higher because an increase in price level increases the profitability and the increased profitability increases output.

7 0

4 years ago