Marketing is a vital process for entrepreneurs because no venture can become established and grow without a customer market. The process of acquiring and retaining customers is at the core of marketing.
Further, marketing provides an effective vehicle for achieving entrepreneurship within the corporation. As some have argued, marketing is the home for the entrepreneurial process. As a process, a firm's entrepreneurial orientation has three key dimensions: innovativeness, risk taking, and proactiveness.
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Answer:
<em>Accounting is the process of recording financial transactions pertaining to a business.</em>
Answer:
The materials equivalent units is 37,700
Conversion costs equivalent units is 32,480
Explanation:
The equivalent units of production for materials can be computed thus:
Description quantity % of completion Equivalent units
Completed units 29000 100 29000
(37700-8700)
Ending inventory 8700 100 <u> 8700</u>
total equivalent units for materials 37700
The equivalent units of production for conversion costs can be computed thus:
Description quantity % of completion Equivalent units
Completed units 29000 100 29000
(37700-8700)
Ending inventory 8700 40 <u> 3480
</u>
total equivalent units for conversion costs 32480
I applied 100% percentage of completion to ending inventory when determining materials equivalent units and 40% percentage completion when determining equivalent units for conversion cots as it given in the question
