Answer:
a. How many pounds of potatoes will she purchase?
3 pounds
Janice will purchase potatoes as long as the value she assigns to them is higher than the price of potatoes. She values the first 3 pounds at more than $1 per pound. But Janice only values the subsequent pounds of potatoes at $0.30 per pound and that is lower than their price.
b. What if she only had $3.00 to spend?
she would still buy the 3 pounds
Answer:
Debit Rent expense and credit prepaid rent for $3,250.
Explanation:
When rent is paid in advance, cash is exchanged for another asset known as prepaid expense. This entry is recorded as
Debit Prepaid expense
Credit Cash account
As the rent is used up, the entries required are;
Debit Rent expense
Credit Prepaid expense
Hence as at January 31, rent expense incurred
= 1/12 × $39,000
= $3,250
Answer:
correct answer is option C
Explanation:
correct answer is option C
fair value is the price which we will receive to sell an asset or paid to transfer the liability .It is the price of asset at which it is exchange between knowledgeable parties by there own will and not under any pressure.
when the assets is being exchanged at the market then this type of exchange is known as market value.
hence, the most suitable answer is option C FAIR VALUE
Explanation:
similarities between marketing research and marketing intelligence systems
- Marketing research and Marketing intelligence systems they both provide information about markets that help the small companies to study and analyze their sales and markets
differences between marketing research and marketing intelligence systems
- Marketing intelligence is available information or data that small business partners used to study the businesses, political and competition.
Marketing intelligence system data gathered repeatedly over time.
- Market Research is not existing data or information. Companies do a survey to collect marketing research data.
Marketing research data gathered at one particular point.
