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Otrada [13]
3 years ago
14

Anne-Marie Cole runs the sales division for a local auto insurance firm. One of her key duties is to calculate her company's mar

ket share. When evaluating the prior year's numbers, she found that her firm achieved total sales of $3 million and the entire industry had $30 million in sales. What is Anne-Marie's current market share?
Business
1 answer:
lisabon 2012 [21]3 years ago
3 0

Answer:

The company market share is 10%.

Explanation:

This result comes from identifying what represents $3 million (company sales) within the total industry market. If $30 million is the total size of the market, and by definition, the market share is a piece of cake that the company is responsible in the total cake (market), then the market share in this case would be 3/30, 3 pieces out of 30, which it means 1/10 or 10%

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On December 31 of the current year, Jones Company purchased a building for $100,000, paying $40,000 in cash and signing a 15-yea
Law Incorporation [45]

Answer:

These are the correct journal entries:

Account                                               Debit         Credit

Building                                          $100,000

Cash                                                                     $40,000

Mortgage Payable                                             $60,000

Interest Expense                           $3,000

Accrued Interest Payable                                   $3,000

4 0
3 years ago
22) One year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1. Since that time the rate of inflation in the U.S
saw5 [17]

Answer: C) $1.04/C$1

Explanation:

We define the inflation rate in a certain country as

  • a rate at which the value of a currency is falling
  • as a result the usual level of prices for goods and services keeps rising.

1 year ago the spot rate of U.S. dollars for Canadian dollars was $1/C$1.

That time inflation rate in US was 4% greater than in Canada.

So, the  current spot exchange rate of U.S. dollars for Canadian dollars :

($1 + 4% of $1)/C$1

=($1+$0.04)/ C$1

=$1.04 / C$1

Hence, the correct option is C) $1.04/C$1

6 0
3 years ago
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase
zimovet [89]

Answer: a. 2.8

Explanation:

Given : Population mean : \mu=\$6,000\text{ per day}

Sample size : n= 49> 30 , the sample is a large sample  we use z-test.

Sample mean = \overline{x}=\$6,400\text{ per day}

Standard deviation : \sigma= \$1,000

The test statistic for population mean is given by :-

z=\dfrac{\overline{x}-\mu}{\dfrac{\sigma}{\sqrt{n}}}\\\\\Rightarrow\ z=\dfrac{6400-6000}{\dfrac{1000}{\sqrt{49}}}=2.8

Hence, the value of the test statistic is 2.8

8 0
3 years ago
Developing a pricing structure that encourages customers to buy additional services that they don't need in order to obtain the
SCORPION-xisa [38]

Marketing tactics include different actions. One is to develop a pricing structure that encourages customers to purchase additional services they don't need.

<h3>What is marketing? </h3>

Marketing is a concept that refers to all actions and activities related to market or commerce. Marketing has as its main purpose the analysis of the behavior of markets and consumers.

According to the above, marketing has ways to identify consumer purchasing trends and understands how buyers' thinking works. Marketing can develop strategies focused on the buyer acquiring goods or services that he does not need, one of them is prices or discounts.

Learn more about marketing in: brainly.com/question/3964664

6 0
2 years ago
A major difference between financial statement auditors and fraud examiners is that most financial statement auditors: a. match
Oksi-84 [34.3K]

Answer: Option A

       

Explanation: An auditor refers to an individual who is certified by an authority to perform an audit. The auditor provides an independent opinion as if the statements of the company are prepared as per the accounting and auditing standards.

Fraud examiners are the individuals who investigates an activity which is concluded to be a fraud already.

The difference between the two is, the auditor initially ascertains if there is a fraud while the fraud examiner tries to ascertain who is guilty of performing the fraud.

Hence from the above we can conclude that the correct option is A.

7 0
3 years ago
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