Answer:
Dental Drilling Company's Income Statement for the year shows Net Income of $56,000.
Please note that:
- figures in bracket represent negative values
- solution in excel format is attached for your reference
Explanation:
Dental Drilling Company
Income Statement
Sales $489,000
Less: Cost of Goods Sold $(156,000)
Gross Profit $333,000
Less: Expenses
Selling and Administrative Expenses $(112,000)
Depreciation Expenses $(73,000)
Earnings before Interest and Tax $148,000
Less: Interest Expense $(45,000)
Earnings Before Tax $103,000
Taxes $(47,000)
Net Income $56,000
Promotion is an approach used by marketing to inform or persuade customers to purchase products. There are different types of promotional methods used by businesses.
1. Advertising - this is technique used to gain customers attention to a new or existing product either by using informative advertising, which is used to inform customers regarding new products or using persuasive advertising, which is used to encourage the customer to buy the product as modification to the product packaging or taste has being made, etc. This includes more images and celebrity endorsements unlike informative which consists of detailed information.
2. Public relations - this is an approach used to gain awareness of a firm's products through sponsorship or even donations.
3. Sales promotions - this is technique used in the short term to gain sales for a limited period of time by giving customers, buy one get one free offers (BOGOF), competitions, money off coupons, price reductions, free gifts, etc.
4. Direct marketing - this is where organizations communicate with customers through the use of social media to entice the customers to buy products.
5. Personal selling - this is a face to face selling technique where the sales representative tries to entice the customers to purchase the product by talking to the customers and explaining them the benefits of using such a product.
Answer:
The final amount in Cash is $9,034
Explanation:
1.
As cash is received, the cash balance is increased by $10, and account receivables are decreased by $10.
2.
As cash is paid for the purchase the cash balance is decreased by $16 and inventory value will increase by $16.
3.
As the sale is made for cash, the cash balance is increased by $40, and the inventory balance is decreased by the same value.
Cash balance = $9,000 + $10 - $16 + $40 = $9,034
The working is attached with this answer please find it.
Answer:
e. the 3 month projections for the peso and dong will be larger
Explanation:
this question is about a company that imports coffee from Colombia and Vietnam (along with 3 other countries). The report stated an estimation of the future value of the Colombian peso and Vietnamese dong. But that report is outdated and irrelevant now. Since the central banks of Colombia and Vietnam decide to increase their money supply, while the US money supply remains stable, that will result in a higher depreciation of the peso and dong. I.e. their currencies will be cheaper against the US dollar, so the estimations made before are incorrect now. The previous estimates were:
Vietnam
-
23,205.35 Dongs per dollar - Today
- 23,025.00 Dongs per dollar - 3 month projection
Colombia
- 3,163.75 pesos per dollar - Today
- 3,001.25 pesos per dollar - 3 month projection
Since the currencies will depreciate more against the US dollar, both estimates must increase, e.g. probably in 3 months $1 will be worth 24,000 dongs or 3,200 pesos.
I believe it is fixed-ratio reinforcement. The behavior (viewing her blog) has to happen a set number of times (100, 200, 300) before the reinforcement (gift card) is given.