1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna [14]
2 years ago
12

Digby's Elite product Don has an awareness of 72%. Digby's Don product manager for the Elite segment is determined to have more

awareness for Don than Andrews' Elite product Axe. She knows that the first $1M in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%. She also knows one-third of Don's existing awareness is lost every year. Assuming that Axe's awareness stays the same next year (77%), out of the promotion budgets below, what is the minimum Digby's Elite product manager should spend in promotion to earn more awareness than Andrews' Axe product?
Business
1 answer:
Leya [2.2K]2 years ago
7 0

Answer:

$2,000,000

Explanation:

current awareness of Digby's Don = 72%

next year it will decrease to 72% - 1/3 = 48% if the firm does nothing

  • first $1,000,000 adds 22% awareness ⇒ total awareness = 48% + 22% = 70%
  • second $1,000,000 adds 23% awareness ⇒ total awareness = 70% + 23% = 93%
  • third $1,000,000 adds 5% awareness ⇒ total awareness = 93% + 5% = 98%

Don's competition, Axe, has an awareness level of 77% and it should remain the same next year. So, Digby as to spend at least $2,000,000 to earn more awareness than Axe. Don's awareness level will be 93%.

You might be interested in
Amounts withheld from each employee for social security and medicare vary by state.
satela [25.4K]

It is False.

No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.

Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.

The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.

To learn more about social security and medicare from given link

brainly.com/question/19277833

#SPJ4

3 0
1 year ago
Bonita is considering establishing a trust for her mother that will pay out $1,000 each month. The trust department at a local b
monitta

Answer:

The Dependent or the Beneficiary collect $1000 every month pay income tax

Explanation:

Bonita is the policyholder that pay premium .

The mother is the dependent and the beneficiary ,who takes the trust monthly

The bank is the trustee that  disburse the trust fund to the beneficiary month .

7 0
3 years ago
A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o
sammy [17]

Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





5 0
3 years ago
What is tax payable????????
alukav5142 [94]
<span>It's like a type of a</span><span> account in the current liabilities section of a </span><span>company's um I think balance sheet.</span>

3 0
3 years ago
Read 2 more answers
2. Damaged batteries need to be placed in an acld-resistant container or tub Immediately.
katrin2010 [14]
The answer is B. Batteries contain sulphuric acid, of the battery is damaged the acid can be corrosive but it’s not toxic too rich, simply dispose of it.
6 0
2 years ago
Read 2 more answers
Other questions:
  • Becoming the candy lady tips for advertising and employing
    14·1 answer
  • In times of economic downturn, which of the following businesses is most likely to do well?
    10·2 answers
  • How does specialization affect voluntary exchange between countries?
    5·1 answer
  • The IS curve represents Select one: a. the single level of output where financial markets are in equilibrium. b. the combination
    12·2 answers
  • Mark, a manager at Matt's Shack, monitors the work performance of workers in his department to determine if the quality of their
    6·1 answer
  • Consider the following information for three stocks, A, B, and C. The stocks' returns are positively but not perfectly positivel
    12·1 answer
  • XYZ produces a single product and has provided the following data for its most recent month of operations:
    13·1 answer
  • A commercial bank has excess reserves of $500 and a required reserve ratio of 20%; it grants a loan of $1000 to a borrower. If t
    13·1 answer
  • Franco Company uses IFRS and owns a piece of property, plant and equipment that has a historical cost of 5,000,000. At December
    9·1 answer
  • 5 strategies for keeping a job
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!