Answer: (E) Market development
Explanation:
The market development is one of the type of marketing growth strategy in which it helps in developing the various types of new segments for targeting the new customers for the purpose of buying the various types of products.
The main objective of the market development growth strategy is selling the various types of current products in the new geographical market.
According to the given question, the Quitman enterprises is one an organization that selling the language dictionary to the students in the united state and the company also wants to startup the business in the international level.
Therefore, Ouitman pursing the market development growth strategy.
Answer: $10,900
Explanation:
The expected value of an investment takes into account the probable payments that an investor will get given certain events occurring.
Expected Value = ∑ (probability of event * payoff if event happens)
= (0.3 * 15,000) + (0.4 * 10,000) + ( 0.3 * 8,000)
= $10,900
Answer:
Missing word
<em>"Shipping supplies on hand, January 1 of the current year $13</em>
<em>Purchases of shipping supplies during the current year $75</em>
<em>Shipping supplies on hand, counted on December 31 of the current year $20"</em>
<em />
1. Adjusting entry for insurance at December 31 of the current year.
S/n General Journal Debit Credit
a. Insurance expense $870
(6,960/24)*3=$ 600
Prepaid insurance $870
(Insurance expired)
b. Shipping supplies expenses $68
($13+$75-$20)
Shipping supplies $68
(Supplies used)
2. What amount should be reported on the current year's income statement for Insurance Expense?
Insurance expense = $870
Shipping supplies expense = $68
3. What amount should be reported on the current year's balance sheet for Prepaid Insurance?
Prepaid insurance = ($6,960-$870) = $6,090
Shipping supplies as on Dec 31. = $20
Answer:
$1,550,000
Explanation:
Flexible budget is a type of budget that varies as as the volume or activity changes.
In calculating flexible budget , the variable cost is multiplied by the actual production unit. However , the operating income needs to accommodate all operating expenses including the fixed cost
Sales volume = 32,000 parts
sales price per unit = $60
Variable operating cost per unit = $10
Applicable fixed cost = $50,000
Sales revenue = 32000* 60 =$1,920,000
Variable operating cost = 10 * 320,000=($3,200,000)
fixed cost = ($50,000)
Operating income = $1550,000
