What Trade-off Do You Make When You Use Credit ?

When a company sponsors motor sports and other action-oriented events, it is utilizing the ________ mode of communication from

marta [7]

When a company sponsors motor sports and other action-oriented events, it is utilizing the <span>events and experiences</span> mode of communication from the marketing communication mix.

When a company is sponsoring an event they are marketing themselves by being part of the event. They commonly have banners, tables, flyers and commercials that get their brand out by making it knowing they are sponsoring or going to be apart of an event.

3 0

4 years ago

Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in

solmaris [256]

Answer:

Accrual basis of accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).

Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.

7 0

3 years ago

In the second week of December, Security First agreed to provide 30 days of consulting services to a local fitness club for a fi

Ronch [10]

Answer:

Security First

Debit Accounts Receivable $2,760

Credit Consulting Revenue $2,760

To record the accrued revenue for consulting services.

Explanation:

a) Data and Calculations:

Value of a consulting services contract = $4,140

Period of services = December 12 to January 10

Payment date = January 10

The fee will be divided by 30 days with 20 days' apportioned to the current year while 10 days' will be apportioned to the following year, thus:

Current year's revenue = $4,140 * 20/30 = $2,760

Next year's revenue = $4,140 * 10/30 = $1,380

Therefore, the unadjusted balance in Consulting Revenue will increase by $2,760 with the corresponding debit entry in the accounts receivable account.

4 0

3 years ago

Gilbert, an HR manager at MaxNet Inc., hires 50 employees in five months. He used different sources of recruitment to recruit th

sergey [27]

Answer:

Cost per hire.

Explanation:

Gilbert, an HR manager at MaxNet Inc., hires 50 employees in five months. He used different sources of recruitment to recruit these employees. He wants to know which kind of source delivered the most new hires for the money. To answer that question, Herbert should determine the <u>Cost per hire</u>.

Cost per hire: It is a metric used by company to know the cost incurred in hiring per employee. It include all expense in recruiting employee, like travel cost, equipment cost, administrative expense, advertisement expense etc. Later comparing the cost per hire with the benefit per employee to the organization.

In the given case, If Herbert determine cost per hire of an organization help in knowing which kind of source of recruitment delivered the most new hires for the money.

4 0

3 years ago

Collins Co. produces 10,000 units of sewing machines annually. Per unit data are given below: Selling price $150 Direct material

dem82 [27]

Answer:

$9,600 Financial advantage

Explanation:

Variable Cost per unit for special order = $60 + $40*40%

Variable Cost per unit for special order = $60 + $16

Variable Cost per unit for special order = $76

The financial advantage or disadvantage of accepting the special order = Sales Revenue from special offer - Variable Cost Cost for special offers

= $100*400 units - $76*400 units

= $40,000 - $30,400

= $9,600 Financial advantage (Disadvantage).

6 0

3 years ago