Answer:
The entry to record the payment of attorneys fees by a way of share issue will be:
Dr Organization expense $5000
Cr Share capital $3000
Cr Share premium $2000
Explanation:
Firstly, the fees payable to the attorneys is $5000,hence organization expense is debited with $5000.
However, the value of the shares given is 300*$10 i.e $3000,as a result, the attorneys have indirectly paid $2000 more for the shares, the excess is recorded in paid in share capital in excess of par value account or a share premium account.
The rationale for the entries is that expense account takes debit when it increases and capital account a credit.
Answer:
D. estimate price elasticity of demand by experimenting with different prices.
Explanation:
Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.
When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.
The answer is all of the above.
<u>Full question:</u>
Walmart is known for its efficient logistical systems. Every time consumers buy something, that purchase is recorded and sent to company headquarters, where it is used to generate reorders to vendors. In addition, customers' billions of purchases are analyzed to uncover patterns of consumers' purchasing behavior. This is an example of _________________.
A.Data isolation
B. Data mining
C. Secondary data collection
<u>Answer:</u>
This is an example of Data mining
<u>Explanation:</u>
Data mining is the manner of detecting exceptions, models, and relationships inside massive data sets to prognosticate consequences. By utilizing software to watch for models in huge quantities of data, businesses can acquire more on their consumers to produce more powerful marketing tactics, improve sales and reduce costs.
Learn what is appropriate and then execute good effectiveness of that erudition to evaluate likely outcomes. Data mining can be practiced by organizations for everything from acquiring what consumers are engrossed in.
Answer:
It will be a mistake as there are good and services which are intermediate or used in the process to produce another products therefore, there will be som wich are count twice or more.
The correct way to calcualte the Gross Domestic Product will be to measurethe<u> finishing goods and services </u>purchased to avoid this problem with intermediate goods.
Explanation:
