Answer: Value creation and exchange
Explanation: Marketing refers to a group of activities such as advertising, selling and delivering the products with the objective of promoting the organisation. These activities results in either customer loyalty from existing customers or making of new customer base.
These activities creates value to the organisation by exchanging the ideas and resources.
Answer:
Accounts payable Dr, $16,800
Purchase discount Dr, $336
To Cash $16,464
Explanation:
The Journal entry is shown below:-
Accounts payable Dr, $16,800
Purchase discount Dr, $336
To Cash $16,464
(Being Cash is recorded)
Working Note :-
List price of goods after return = $19,200 - 2400
= $16,800
Discount on balance = 16800 × 0.02
= $336
For recording the cash we simply debited accounts payable, purchase discount and credited the cash
Answer: $60
Explanation:
From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.
The expected winning bid if there are four bidders goes thus:
Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.
The expected winning bid will now be:
= ($50 × 1/2) + ($70 × 1/2)
= ($50 × 0.5) + ($70 × 0.5)
= $25 + $35
= $60
Answer:
Center 1 should be open 7 days a week, and center 2 should be open 6 days a week. Total cost = $580
Explanation:
minimize the following equation 40A + 50B
where:
A = center 1
B = center 2
constraints:
140A + 100B ≥ 1540
60A + 180B ≥ 1440
A ≤ 7
B ≤ 7
A, B ≥ 0
using Solver, the optimal solution is 7A + 6B = 580
The answer is <span>constant;decreasing
Mind giving me brianliest?
</span>
