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erma4kov [3.2K]
3 years ago
8

Why is it important for organizations to accurately estimate the demand for a good or​ service? A. To decrease the fixed costs o

f production B. To plan​ production, marketing, and budgets C. To determine potential sales D. To determine where the upward slope on the demand curve will be E. To determine what to charge
Business
1 answer:
Yuki888 [10]3 years ago
4 0

Answer:

B. To plan​ production, marketing, and budgets

Explanation:

A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.  

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You are an insurance salesman. If you make 12% on all insurance sales and sold an average $35,000 / month, how much money did yo
Zigmanuir [339]

Answer:

$50,400

Explanation:

To do this first start by multiplying .12 x 35,000. The answer should be $4,200. After this multiply 4,200 by 12 in order to get the amount of money earned over a 12 month period. This will give you $50,400.

5 0
3 years ago
(a) Echo Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery e
Ierofanga [76]

Answer:

(A)

accumualted depreication equipment 41,000 debit

                          equipment                   41,000 credit

(B)

accumualted depreication equipment 37,200 debit

loss at disposal                                        3,800 debit

                          equipment                   41,000 credit

Explanation:

to retire the equipment itt will write-off their equipment account

if the accumulated depreication matches the book value then there will be no loss at disposal while if lower a loss will be recognized.

(a) 41,000 book value - 41,000 depreciation = 0 no loss

(b) 41,000 - 37,200 = 3,800 loss at disposal

8 0
4 years ago
Holdup Bank has an issue of preferred stock with a $8 stated dividend that just sold for $92 per share. What is the bank's cost
kkurt [141]

Answer:

Discount rate will be 8.6 %

Explanation:

We have given that dividend = $8

And stock is given as  = $92

We know that stock value is given by

We have to find the discount rate

Stock value =\frac{dividend}{discount\ rate}

So discount rate =\frac{dividend}{stock\ value}=\frac{8}{92}=0.086=8.6 %

So discount rate will be 8.6 %

8 0
3 years ago
If 14,700 units are produced, the total amount of manufacturing overhead cost is closest to:
Vlad1618 [11]

Answer:

Total manufacturing overhead cost will be closest to 61,340  

Explanation:

As we can see there is not step-up fixed cost that is no additional fixed cost will incurred upon producing extra units, therefore fixed cost will remain same that is 37,820.

Variable overhead cost will increase with increase in units therefore, variable cost for producing 14,700 units will be 1.6 x 14,700 = 23,520.

To find total overhead cost we will simply add fixed and variable overhead cost:

Total overhead cost = fixed overhead cost + variable overhead cost

Total overhead cost = 37,820 + 23,520

Total overhead cost = 61,340

5 0
3 years ago
A university’s marketing department typically purchases backpacks with its logo embroidered on them for all incoming freshmen. T
Irina18 [472]
Hi I am not quite sure but I think it might be a i’m in middle school so don’t trust me on this one
6 0
3 years ago
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