Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
<h3>What is rule-of-thumb?</h3>
A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
To learn more about rule-of-thumb from given link
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Answer:
<h2>The answer in this case would be the last option in the answer list or options given in the question or falls equally on buyers and sellers in the short run but not the long run.</h2>
Explanation:
- In Microeconomics,elasticity level of supply usually has an inverse or negative relationship with the tax burden in the market.
- Therefore,higher elasticity of supply among the sellers or firms implies that they are relatively more sensitive or responsive to any price change in the market and would not be much willing to accept the burden of the tax which is reflected by an increase in the production cost of output or acceptance of a lower relative price for the output sold.
- Hence,the sellers or firms will reduce the quantity supplied of the output considerably in the market due to the tax imposition in the long run.Thus,even if the tax burden might be equally distributed among both the consumers/buyers and sellers/firms,the buyers/consumers will have a higher tax burden in the long run than the sellers/firms due to higher price elasticity of supply in the long run.
Answer:
Explanation:
The diagram and step by step solution to the answer can be seen in the attached image below
KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.
Answer:
d. $2,000 less
Explanation:
The computation is shown below:
<u>Particulars January February March
</u>
Units beg.
inventory 0 3,000 4,500
Units produced 10,000 10,000 10,000
Units sold -7,000 -8,500 -10,500
Units ending
inventory 3,000 4,500 4,000
Now
= $4 × (4,500 - 4,000)
= $2,000
So, here the income arise from absorption costing should be lower than the variable costing as the inventory is reduced
Answer: (C) Product development
Explanation:
The product development growth strategy is one of the type of strategy that helps in developing the various types of new products by properly modifying its characteristics and also the features from the existing one according to the customer needs.
The product development strategy helps in increase the growth of the company in the market and also providing the actual value to the customers.
According to the given question, the Quitman enterprises is one the company that sells its business language dictionary to the various types of students in the college. So, the Quitman basically wants to pursing the product development growth strategy.
