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BigorU [14]
3 years ago
7

Lorraine is the marketing manager at sibil furnishings. to promote the latest range of furniture, she decides to place ads in lo

cal newspapers, on the radio, and on television. she also decides to aggressively advertise the products through interior design bloggers. in the context of advertising, lorraine is involved in _____.
Business
1 answer:
zhannawk [14.2K]3 years ago
4 0
Lorraine is involved in Media Planning. Media planning<span> basically involves </span> sourcing and selecting optimal media<span> platforms that would be leveraged on to best promote a product. In this case, Lorraine's job generally entails </span><span>determining the best combination of </span>media<span> to achieve the marketing campaign objectives of Sibil furnishings. Therefore she is involved in media planning.</span>
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Wolfe Company had the following beginning inventory and purchases during 2018 Date Transaction Number of units Unit Cost 1/1 Beg
forsale [732]

Answer:

Wolfe Company

The amount of:

                                      LIFO         FIFO    Weighted Average

Ending inventory      $50,500    $65,100        $58,005

Cost of goods sold  $113,200   $98,600       $105,698

Explanation:

a) Data and Calculations:

Date Transaction             Number of units   Unit Cost   Cost Value

1/1     Beginning inventory             2,000        $22.00    $44,000

4/12  Purchase No. 1                      2,300        $26.00      59,800

7/11   Purchase No. 2                        800        $28.00      22,400

10/5 Purchase No. 3                      1,250        $30.00      37,500

Total inventory available              6,350                       $163,700

Wolfe sold                                      4,100

Ending Inventory                          2,250

LIFO

Ending Inventory = $50,500 (250 * $26 + 2,000 * $22)

Cost of goods sold:

4/12  Purchase No. 1                      2,050        $26.00      53,300

7/11   Purchase No. 2                        800        $28.00      22,400

10/5 Purchase No. 3                      1,250        $30.00      37,500

Total cost of goods sold =            4,100                        $113,200

FIFO:

Ending Inventory = Cost of goods available for sale - Cost of goods sold

= $65,100 ($163,700 - $98,600)

Cost of goods sold:

1/1     Beginning inventory             2,000        $22.00    $44,000

4/12  Purchase No. 1                      2,100        $26.00        54,600

Total cost of goods sold = $98,600

Weighted average:

Weighted average cost = $25.78 ($163,700/6,350)

Ending inventory = $58,005 (2,250 * $25.78)

Cost of goods sold = $105,698 (4,100 * $25.78)

4 0
2 years ago
The banking system in the united states is referred to as a fractional reserve banking system because?
zhuklara [117]

The banking system in the United States is referred to as a fractional reserve bank system because banks hold a fraction of deposits on reserve.

The Reserve bank of India chiefly referred to as RBI is India's valuable financial institution and regulatory frame chargeable for the regulation of the Indian banking gadget. It is below the possession of the Ministry of Finance, authorities of India. It's miles chargeable for the manipulation, difficulty, and maintaining delivery of the Indian rupee.

The reserve bank acts as a regulator and supervisor of the general financial system. This injects public self-belief into the countrywide economic gadget, protects hobby costs, and gives wonderful banking alternatives to the general public. Subsequently, the RBI acts as the company of countrywide forex.

The Federal Reserve Banks are installed like private corporations. Member banks keep stock inside the Federal Reserve Banks and earn dividends.

Learn more about reserve bank here brainly.com/question/25812353

#SPJ4

5 0
1 year ago
All of the following statements regarding brand loyalty are true except: Select one: a. the marketing costs of reaching loyal cu
evablogger [386]

Answer: the marketing costs of reaching loyal customers are typically very high

Explanation:

Brand loyalty is when a customer buys a product repeatedly from thesame company rather than buying a substitute from another company. Despite the efforts of the competitors to life them away, such customers are devoted to the product.

It should be noted that the marketing costs of reaching loyal customers are typically low. They hardly need any source of encouragement or advertisement to convince them to make their purchases.

6 0
3 years ago
A project has an initial cost of $18,400 and is expected to produce cash inflows of $7,200, $8,900, and $7,500 over the next thr
garri49 [273]

Answer: 2.91 years

Explanation:

The discounted payback period calculates how long it takes for the cummulative discounted cash flow to equal the amount invested.

Please check the attached image for the table explaining how the answer was gotten.

7 0
3 years ago
4. Steel-frame construction relies on the creation of _______ to sustain the weight of the building. A. a steel cage B. mass pro
Sloan [31]

Steel-frame construction relies on the creation of a sound foundation to sustain the weight of the building, because without that all our buildings we have now would suffer from erosion causing the building to shift or even collapse.;


3 0
2 years ago
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