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Talja [164]
3 years ago
12

WriteOn Stationery is new in the market. They have hired a specialized agency to promote their products in the market. Which typ

e of specialized service would help them coordinate a program to allow consumers to mail in Universal Product Codes from three WriteOn products to receive a free Redbox movie rental?
Business
1 answer:
Brrunno [24]3 years ago
8 0

Answer: Marketing service

Explanation: Marketing services can be defined as those services involving activities like advertising and market research etc. The main focus of marketing is not on advertising the products but to make a demand in the market for the product offered.

In the given case writeon is new in the market hence they need promotion and customer base for selling the product. The advertising objectives that writeon needs can be achieved with the help of marketing activities.

You might be interested in
Mid-South Auto Leasing leases vehicles to consumers. The attraction to customers is that the company can offer competitive price
borishaifa [10]

Answer:

1) sales revenue  61,995.26

2) lease receivables 61,995.26 debit

        sales revenue  61,995.26 credit

 cost of good sold 56,000 debit

  truck inventory      56,000 credit

truck   61,995.26 debit

lease payable  61,995.26 credit

3)

\left[\begin{array}{cccccc}$Time&$Beg&$Cuota&$Interes&$Amort&$Ending\\0&61995.26&7000&&7000&54995.26\\1&54995.26&7000&1649.86&5350.14&49645.12\\2&49645.12&7000&1489.35&5510.65&44134.47\\3&44134.47&7000&1324.03&5675.97&38458.5\\4&38458.5&7000&1153.76&5846.24&32612.26\\5&32612.26&7000&978.37&6021.63&26590.63\\6&26590.63&7000&797.72&6202.28&20388.35\\7&20388.35&21000&611.65&20388.35&0\end{array}\right]

For the lessor will be interest revenue while interest expense for the lessee

4)

cash 7,000 debit

  interest revenue 1,649.86 credit

 lease receivables 5,510.65 credit

--entry for the lessor--

lease payable      5,510.65 debit

interest expense 1,649.86 debit

        cash                    7,000 credit

--entry for the lessee--

5)

cash 21,000 debit

  interest revenue 611.65 credit

 lease receivables 20,388.35 credit

--entry for the lessor--

lease payable      20,388.35 debit

interest expense        611.65 debit

        cash                        21,000 credit

--entry for the lessee--

Explanation:

1) the sales revenue will be the present value of all the lease payments and the residual value of the asset or the bargain-option

Present Value of Annuity-due

C \times \displaystyle \frac{1-(1+r)^{-time} }{rate}(1+rate) = PV\\

C 7,000

time 8

rate 0.03

7000 \times \displaystyle \frac{1-(1+0.03)^{-8} }{0.03}(1+0.03) = PV\\

PV $50,611.9807

PRESENT VALUE OF LUMP SUM

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  14,000.00

time   7.00

rate  0.03

\frac{14000}{(1 + 0.03)^{7} } = PV  

PV   11,383.28

PV of the lease: 50,611.98 + 11,051.73 = 61,995.26

2) the lessor will have a lease receivable while the lessee has a lease payable.

\left[\begin{array}{cccccc}$Time&$Beg&$Cuota&$Interes&$Amort&$Ending\\0&61995.26&7000&&7000&54995.26\\1&54995.26&7000&1649.86&5350.14&49645.12\\2&49645.12&7000&1489.35&5510.65&44134.47\\3&44134.47&7000&1324.03&5675.97&38458.5\\4&38458.5&7000&1153.76&5846.24&32612.26\\5&32612.26&7000&978.37&6021.63&26590.63\\6&26590.63&7000&797.72&6202.28&20388.35\\7&20388.35&21000&611.65&20388.35&0\end{array}\right]

3 0
3 years ago
Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. in​ response, the demand for their ban
sammy [17]

Answer:

-0.34

Explanation:

Given that,

Percentage increase in prices = 5%

Initial quantity demanded = 30,000

New quantity demanded = 2,500

By midpoint method,

Average quantity :

= (Initial quantity  + New quantity) ÷ 2

= (30,000 + 2,500) ÷ 2

= 16,250

Change in quantity = (2,500 - 30,000)

                                = -27,500

Therefore, the price elasticity of demand is as follows:

= (Change in demand ÷ Average quantity demanded) ÷ Percentage increase in prices

= (-27,500 ÷ 16,250) ÷ 5

= -1.69 ÷ 5

= -0.34

8 0
3 years ago
Which statement is not true about life insurance companies? A. They sell contracts that offer financial protection against prema
Readme [11.4K]

Answer:

The statement which is not true about life insurance companies is:

B. They invest heavily in short-term highly marketable securities.

Explanation:

  • The option A is true about the life insurance companies as they sell contracts that offer financial protection against premature death and against living too long as this the main purpose of a life insurance policy.
  • These companies don't invest heavily in short-term highly marketable securities so the option B is not true about these companies.
  • The option C is true about the insurance companies as they have prediction about their inflows and outflows.
  • The option D is also correct as their liabilities are long-term in nature as the insurance policy is a long term policy.
7 0
4 years ago
At December 31, 2020, Sandra’s Boutique had 1850 gift certificates outstanding, which had been sold to customers during 2020 for
zhannawk [14.2K]

Answer: $129,500

Explanation:

According to the Accrual Basis in Accounting, revenue and expenses should only be recognised when goods have been delivered.

On the December 31, 2020 Sandra's Boutique had 1,850 gift certificates outstanding but these had been sold already to people during the year for $70.

This means that they have been paid for a service that they have not given (they provide the service when the GIFT certificate is renewed).

They cannot therefore recognize the revenue as Revenue yet and have to defer it.

The amount to be Deferred will therefore be,

= 1,850 * $70

= $129,500

5 0
4 years ago
Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming​ year:First quarter budgeted
LenKa [72]

Answer:

Production budget for First quarter= 16,500 units

Explanation:

<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>

Production = Sales volume + closing inventory - opening inventory

Closing inventory = 20% × second quarter sales

                           = 20% × 20,000 = 4,000 units

<em />

<em>Production budget for the first quarter</em>

=17,000 + 4000 -4500

= 16,500 units

8 0
3 years ago
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