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Solnce55 [7]
3 years ago
15

A new pizza restaurant is opening in town. The owners of this restaurant decide to place an advertisement in the town newspaper

announcing the date of their big opening. The owners of the restaurant are using
Business
1 answer:
brilliants [131]3 years ago
6 0

Answer:

Mass media advertising

Explanation:

The Mass media advertising helps the businesses to reach a greater number of people with very fast and easy way to convery the message to wider number of public. The examples of mass media are newspaper, television, radio, etc. So these platforms are used to convey the message of a grand opening to a wider number of people to attract potential customers and let them know that we have entered the market.

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Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning o
Lelechka [254]

Answer:

See below

Explanation:

1. Returns on assets

= Annual net income ÷ Average total assets

Average total assets = beginning asset + ending assets ÷ 2

= ($80 million + $88 million) ÷ 2

= $84 miiliom

Return on assets = $13.4 million ÷ $84 million

Return on assets = $159.52

2. Profit margin

= Net income ÷ Net sales

= $13.4 million ÷ $114 million

= 11.75%

3. Assets turnover ratio

= Net sales ÷ Average total assets.

Recall Average total assets = $84 million

Average turnover ratio

= $114 million ÷ $84 million

= 1.36 times

5 0
3 years ago
Many fast-food restaurant chains like McDonald's will occasionally discontinue restaurants. What are some financial and non-fina
zloy xaker [14]

Answer:

Big chain restaurant industry is a profitable industry with many players to compete. It is facing slow growth in terms of increase of profits and thus most players are looking for international expansion. The domestic consumers have drifted away from the fast food restaurants and they are looking for variety and healthy options for eating out. The profit margins have been low as compared to the fine dining restaurant and thus they depend upon volume of sales rather than value of sales for making profits . There is an increased competition from many international cuisines especially Mexican and Chinese along with...

Explanation:

3 0
3 years ago
Which one of the following statements is correct with respect to coinsurance used with commercial insurance policies? A. The rat
Grace [21]

Answer:

D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.

Explanation:

Coinsurance is the amount which is fixed cost payable by the insurance seeker in order to provide claim against the risk. The coinsurance rate is decided based on the risk nature. If the risk is high the coinsurance rate will be higher so that insurance coverage is maximum.

5 0
3 years ago
Concord Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
Klio2033 [76]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Machine setups

Estimated annual overhead cost= $198,800

Number of setups 2,800

Machining

Estimated annual overhead cost= $337,400

Machine hours 24,100

Inspections.

The estimated annual overhead cost= $81,000

Number of inspections 1,500.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine Setup:

Estimated manufacturing overhead rate= 198,800/2,800= $71 per setup

Machining:

Estimated manufacturing overhead rate= 337,400/24,100= $14 per machine hour

Inspections:

Estimated manufacturing overhead rate= 81,000/1,500= $54 per inspection.

8 0
4 years ago
In the current year, Hanna Company reported quality-assurance warranty expense of $190,000 and the warranty liability account in
Leona [35]

Answer:

210,000

Explanation:

=190,000+20,000

6 0
4 years ago
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