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Travka [436]
3 years ago
7

Fernando was thrilled to find out that his company had just decided to invest a great deal of money in the product he was managi

ng. He knows that even with its recent high rate of growth and the fact that it dominates its market, he would need more money to establish it firmly. Using the BCG portfolio analysis, his product would be classified as a(n) ___________.
Business
1 answer:
Anestetic [448]3 years ago
8 0

Answer:

<u>A Star.</u>

Explanation:

The Boston Consulting Group (BCG) matrix depicts a product's market share against the market growth rate. The matrix is also known for it's cow- dog metaphor.

The matrix represents 4 situations namely:

1. Stars : Products with high market share in high growth markets i.e high- high situation.

2. Cash Cows: Products with high market share in low growth markets.

3. Question Mark: Products with low market share in a high growth markets.

4. Dogs:  Products with low market share in low growth markets.

In the given case, the product dominates the market i.e high market share. Secondly, it operates in a high growth market. Which means, the product belongs to the situation of a Star.

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How many major OEMs manufacture Class 8 trucks<br> for the North American market?
Alex Ar [27]

Answer:

There are four major OMEs manufacturer trucks for the North American market

3 0
2 years ago
Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha
garri49 [273]

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month                Purchased          Paid    

August               $40,000             $16,000

September        $36,000             $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases  = 0.60 x $ 40,000 + 0.40 x $ 36,000

 = $ 24,000 + $ 14,400 = $ 38,400

5 0
3 years ago
On January 1, Novak Corp. issued $3600000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $3859546.
Juliette [100K]

Answer:

the debit entry to Interest Expense is $463,145.52

Explanation:

The computation of the debit entry to Interest Expense is given below:

= Bonds carrying value × Market rate of interest

= $3,859,546 × 12%

= $463,145.52

Hence, the debit entry to Interest Expense is $463,145.52

We simply applied the above formula and the same is to be considered

6 0
3 years ago
LO 1.1Which of the following is false regarding strategic planning?
Studentka2010 [4]

Answer:

It is the sole responsibility of supervisors.

Explanation:

Strategic planning includes setting objectives or goals and allocating resocurces to achieve set goals. The goals could be long or short term.

Strategic planning can span for years.

The strategic goals would vary from company to company because the aims and objectives of companies differ.

I hope my answer helps you.

8 0
3 years ago
At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this
kolbaska11 [484]

Answer:

B)owners' equity and decrease assets.

Explanation:

From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.

3 0
3 years ago
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