The given statement is True.
In this new communication environment, advertising is often the single most important element of a marketing communication program for sales and building brand and customer equity.
Explanation:
Advertising is an important part of Marketing. Advertising is basically a written, verbal, non verbal, visual, promotional message about the product or service by the company.
In this new world of communication, Advertising is very important, because without advertising, it is very difficult to attract customers and make the customer's base and build the brand image among them.
Advertising is done by companies through medium like, Television, Magazines, Billboards, Hoardings, Promotional Events, etc.
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Assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75
Calculation to determine Reggie medical expense deduction
Drugs $500
Add Health insurance premium-after tax $850
Add Doctors fees $1,250
Add Eye glasses $375
Total expenses $2,975
($500+$850+$1,250+$375)
Less Insurance reimbursement ($500)
Less 7.5% of Adjusted gross income ($2,400)
($32,000×7.5%)
Medical Expense Deduction $75
($2,975 - $500 - $2,400)
Inconclusion assuming Reggie who is 55, had an adjusted gross income of $32,000 in 2020, Reggies medical expense deduction will be $75
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Answer:
Annual depreciation= $5,865,714.29
Explanation:
Giving the following information:
Purchase price= $41,100,000
Salvage value= $40,000
Useful life in hours= 28,000
<u>To calculate the depreciation expense for 2024, we need to use the following formula:</u>
Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated
Annual depreciation= [(41,100,000 - 40,000) / 28,000]*4,000
Annual depreciation= $5,865,714.29
Answer:
Hi,
What is your question exactly in this. :)
Answer:
Option (A) is correct.
Explanation:
Contribution Margin:
= Total sales of the product - variable expenses
= $400,000 - $270,000
= $130,000
Avoidable fixed cost = Total fixed cost - Unavoidable fixed cost
= $160,000 - $ 70,000
= $90,000
Net Margin :
= Contribution Margin - Avoidable fixed expense
= $130,000 - $90,000
= $40,000
Hence, if product A is dropped, the company's overall net operating income would decrease by $40,000 per year.
