Answer: Option (c) is correct
From the given option the following is associated with the market development strategy: <em>Adding new features to products.</em>
Market development refers to the technique under growth strategy that visualize and establish new market segments for their products. This terminology targets non-buying individuals in targeted segments. This also targets new individuals in new segments.
Answer and Explanation:
The journal entry is shown below:
Cash Dr $98,800
Finance charge Dr ($120,000 × 1%) $1,200
To Liability - Financing Arrangement $100,000
(being receipts of cash is recorded)
Here cash and finance charge is debited as it increased the assets and expenses and liability is credited as it also increased the liabilities. Also, the cash & expenses contains normal debit balance and liabilities contains normal credit balance
Answer:
The correct answer is letter "B": national.
Explanation:
National advertising refers to a marketing strategy in which a company aims to offer a good or service in the same proportion all over a country. This advertising is massive and involves promoting the corporation's product through different mediums of communications such as <em>television, radio, newspapers, </em>or <em>billboards</em>. The campaign is directed to individual consumers and organizations.
Answer:
$292,300
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is presented below:
Cash flow from Operating activities
Net income $194,700
Add: Depreciation expense $47,700
Add: Loss on the disposal of plant assets $4,900
Add: Decrease in accounts receivable $19,900
Add: Increase in accounts payable $21,900
Add: Decrease in prepaid expenses $3,200
Net Cash flow from Operating activities $292,300
Answer:
profit = $1,236
Explanation:
fixed daily costs $876
variable cost per room $13
revenue per room $79
contribution margin per room = $79 - $13 = $66
32 rooms were sold today = $66 x 32 = $2,112
- fixed costs = ($876)
daily profit = $1,236
The contribution margin per unit is the difference between the additional revenue obtained from selling one more unit minus the additional costs of selling that unit.
