Answer:
The correct answer is letter "B": Convenience goods.
Explanation:
Intensive distribution is the act by which companies offer their products to as many stores as possible with the purpose of having the good available almost everywhere consumers go. This type of marketing strategy fits best with convenience goods such as grocery items, fuel or newspapers.
Answer:
230
Explanation:
Calculation for Champ’s budgeted production (in units) for May
CHAMP INC.
Production Budget For month ended May 31
Sales during the month 230
Less: Opening Stock (138)
(60%*230)
Sales units required to produce in May 92
(230-128)
Sales during June 230
Add: Closing stock of May 138
(230*60%)
Budgeted production (in units) for May: 230 (138+92)
Therefore Champ’s budgeted production (in units) for May will be 230
Examples of organizational process assets include policies and procedures, guidelines, information systems, financial systems, management systems, lessons learned, and historical information.
Answer:
Preparation of the journal entry that Jervis should make on June 28 to record the deposit
Dr Cash ($5,800 - $261) $ $5,539
Dr Credit card expense ($5,800 X 4.5%) $ 261
Cr Sales $5,800
(5,539+261)
Explanation:
Since Jervis assesses a 4.5% charge on sales for using its card in which On June 28, he had $5,800 in NB Card credit sales this means we have to Debit Cash with $5,539 ($5,800 - $261) and as well Debit Credit card expense with $261 ($5,800 X 4.5%) while we Credit Sales with $5,800 (5,539+261)
Answer:
a. There are two separate performance obligations in the contract. Gym membership is one performance obligation and the providing 25% discount on yoga classes is another performance obligation.
b. The standalone selling price of annual membership is $720. Therefore, F&S will allocate 
of 700 contract price to the discount voucher on yoga course and the remaining $672 will be allocated to membership.
C. solution is in the image attached.
Explanation:
b. F&S offers a 10% discount on yoga classes to all customers as part of promotional strategy. Therefore a 25% discount voucher provides a customer with an incremental value of 15% (25%-10%). Thus, the estimated stand alone selling price of the discount voucher provided by F&S is $30 ($500 * 15% incremental discount * 40% likelihood of the vouchers being redeemed).
