Answer:
Gypsy will probably use a pulsing advertising schedule for promoting her gift and jewelry store.
Explanation:
Pulsing is a type of advertising schedule which is a mixer of flighting scheduling ( type of scheduling where advertising is done at irregular periods ) and continuous scheduling ( a type of scheduling where advertising is done all year around ). In this type of scheduling, heavy advertising is done during the peak season ( like in this question Christmas holiday season is for Gypsy ) and low advertising is done through the rest of the year. Gypsy's products are being sold through out the yer but there is large surge in the sale during Christmas holiday season.
This is an example of a shopping product. It a kind of merchandise
that needs consumer study and assessment of brands. There are two specific
shopping products and these are homogeneous and heterogeneous.
Homogeneous products are observed by consumers as very like in nature and the
final acquisition is typically resolute on the lowest price while heterogeneous
products are merchandises with features that are expressively diverse
from each other, which makes it hard to substitute one product for another.
Answer:
The balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet is $18.2 million and $27.8 million respectively
Explanation:
The computation is shown below:
Given that
Debt = 50% × Total Assets
= 50% × $96.4 million
= $48.20 million
As we know that
Total Debt = Current Liabilities + Long Term Debt
$48.20 million = $ 30.0 million + Long Term Debt
So, the long term debt is $18.2 million
Now,
Total Assets = Total Liabilities + Owner's Equity
where,
Total Assets = Long Term Debt + Current Liabilities + Common Stock and paid-in surplus + Retained Earnings
$96.4 million = $18.2 million + $30.0 million + $20.4 million + retained earnings
So, the retained earnings is $27.8 million
Answer:
See the explanation below
Explanation:
Share of net income = 30% × $40 million = $12 million
Dividend received = 20 million × $1 = $20 million
The journal are as follows:
<u>Details Dr ($'million) Cr ($'million) </u>
Investment in Nursery Supplies Inc. 63
Cash 63
<u><em>Being the cash payment for investment in Nursery Supplies Inc. </em></u>
Investment in Nursery Supplies Inc. 12
Investment income 12
<em><u>Being the a share of net income of Nursery Supplies Inc. </u></em>
Cash 20
Investment in Nursery Supplies Inc. 20
<u><em>Being dividend received from Investment in Nursery Supplies Inc. </em></u>