Answer:
The correct answer is True.
Explanation:
A marketing strategy helps to create products and services with the best possibilities of obtaining benefits. This is because the marketing strategy begins with market research, taking into account the optimal target customer, what the competition is doing and what trends could be on the horizon.
Using this information, determine the benefit customers want, what they are willing to pay and how you can differentiate the product or service from the competition.
Answer:
Direct material quantity variance= $850 unfavorable
Explanation:
Giving the following information:
Standard tons of direct material (steel) per car 4
Standard cost per ton of steel $ 17.00
During March, the company produced 1,650 cars.
Actual materials purchased and used (tons) 6,650
<u>To calculate the direct material quantity variance, we need to use the following formula:</u>
<u></u>
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (4*1,650 - 6,650)*17
Direct material quantity variance= $850 unfavorable
Answer:
Interest = $75.90
Principal = $347.64
Explanation:
First find the payment that is required per month. It will be an Annuity payment as the present value of the loan is given.
The loan is for 5 years compounded monthly so period is;
= 5 years * 12 months
= 60
Interest = 4/12
Present Value of Annuity= Payment * (1 - (1 + r) ^ -n)/r
23,000 = Payment * (1 - ( 1 + 4/12%) ^ -⁶⁰)/ 4/12%
23,000 = Payment * 54.304
Payment = 23,000/54.304
= $423.54
Interest Payment is;
= 4/12% * 23,000
= $75.90
Amount going towards Principal;
= 423.54 - 75.90
= $347.64
Answer:
The cost recorded for the equipment=$25,800
Explanation:
In calculating the total cost of an equipment we take the sum of the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;
T=P+A
where;
T=total cost
P=purchase cost/cash price
A=additional costs(sales tax+insurance+maintenance cost)
In our case;
T=unknown
P=$24,000
A=(1,200+200+400)=$1,800
replacing;
T=24,000+1,800=25,800
The total cost=$25,800
The cost recorded for the equipment=$25,800