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3 years ago

When determining whether to record an asset as a fixed asset, what two criteria must be met?

1 answer:

5 0

Answer: To classify an asset as fixed it must be met: "Must be long lived and must use the asset in a productive manner."

Explanation: Fixed assets: those assets and durable rights, which have been obtained in order to be exploited by the company. These are property, materials, equipment, tools and utensils that are not going to be marketed, that is, they are not going to become liquid at least during the first year.

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Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that i

Julli [10]

In this example, Wrigley used the Penetration pricing.

Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.

This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.

In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.

In conclusion, Wrigley used the Penetration pricing to attract new customers.

Read more about this here

<em>brainly.com/question/3521758</em>

3 0

2 years ago

Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cos

OLga [1]

Answer:

If the units are reworked, income will increase by $5,800.

Explanation:

Giving the following information:

Number of units= 1,000

Sell as-is= $4.3

Rework cost= $2.8

Selling price= $12.9

<u>Because the original cost will remain constant in both options, we will not take them into account.</u>

Sell as-is:

Effect on income= 1,000*4.3= $4,300

Rework:

Effect on income= 1,000*(12.9 - 2.8)

Effect on income= $10,100

If the units are reworked, income will increase by $5,800.

4 0

2 years ago

NEED HELP ASAP, WILL GIVE BRAINLIEST

mafiozo [28]

The answer is two and five.

4 0

2 years ago

Facial cosmetics provides plastic surgery primarily to hide the appearance of the appearance of unwanted scars and other blemish

Gala2k [10]

Answer:

1.Alllowance for uncollectible accounts 2,400

2.Dr Bad Debt Expense 2700

Cr Allowance for Doubtful Account 2700

3.Dr Allowance for Doubtful account 400

Cr Accounts receivable 400

4) Dr Cash 100

Cr Allowance for Doubtful account 100

Explanation:

Calculation of the allowance for uncollectible accounts

Using this formula

Alllowance for uncollectible accounts=(Not Yet Due)+(0-30 days past due)+(30-60 days past due)+(More than 60 days pst due)

Let plug in the formula

Alllowance for uncollectible accounts=

(30,000 *2% )+ (10,000* 5%) + (7,000* 10 %)+(3,000* 20% )

Alllowance for uncollectible accounts =600+500+700+600

Alllowance for uncollectible accounts = 2,400

2)Record of the he December 31, 2018 adjusting entry

300 debit balance+ 2,400

=2,700 Adjustment

Dr Bad Debt Expense 2,700

Cr Allowance for Doubtful Account 2 700

3) Journal entry to record the write off.

Dr Allowance for Doubtful account 400

Cr Accounts receivable 400

4) Journal entry to Record the cash collection

Dr Cash 100

Cr Allowance for Doubtful account 100

7 0

3 years ago

Milton Bradley/Parker Brothers are producers of many board games, such as Monopoly, Battleship, Yahtzed, and Clue. The company h

Kamila [148]

Answer:

The correct answer is consumer- generating marketing,option B

Explanation:

Consumer-generating marketing is powerful marketing tool used in generating more sales in such a way that the products are marketed using existing customers' content such as product reviews and feedback to reach to more customers with aid of advancement in information technology.

Most companies have social media pages online, where they engage existing customers in order that new prospects can also be reached with least possible costs implication overall,in other words,customer acquisition cost is kept low.

8 0

2 years ago