Answer:
Dr Notes Payable 4500
Dr Interest expense 75
Cr Cash 4575
Explanation:
Based on the information given if On April 12, the Hong Company agrees to accept a 60-day which include the amount of $4,500 note from Indigo Company which means that in order to extend the due date on an overdue account the journal entry that Indigo Company would make, when it records payment of the note on the maturity date is :
Dr Notes Payable 4500
Dr Interest expense 75
(4500/60 days)
Cr Cash 4575
(4500+75)
Answer:
corporate mission or marketing strategy area
Explanation:
Based on the information provided it can be said that this is an example of the corporate responsibility strategy being a part of the corporate mission or marketing strategy area. This refers to a specific sentence that encompasses the company's function, philosophies and goals which they strive to achieve and is the entire reason for existing in the market.
Answer:
Arthur's fixed costs are $952
Explanation:
The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:
Break-even point in units = Fixed costs/(Selling price per unit-Variable cost per unit)
Fixed costs = Break-even point in units x (Selling price per unit-Variable cost per unit)
In Arthur, Break-even point in units = $1,460/$23
Fixed costs = $1,460/$23 x ($23 - $8) = $952
Answer:
Target marketing
Explanation:
The correct answer is target marketing. It is a marketing strategy that focusses on customers who are most likely to purchase a business's good or service. Such businesses concentrate resources into meeting the needs of a narrowly defined market segment. This strategy is identified to be more profitable than allocating resources over different market segments. Since it involves understanding the specific needs of this targeted customers, this strategy determines content, look, and feel of product advertisement made for them.
