A company's plan for the acquisition of long-lived assets, such as buildings and equipment, is commonly called a Capital Budget.
<h3>
What is a Capital Budget?</h3>
- The procedure a company uses to assess potential big projects or investments is called capital budgeting.
- Before a project is accepted or denied, capital budgeting is necessary. Examples of such projects include the construction of a new plant or a significant investment in a third-party enterprise.
- It is a means of locating a superior offer for the expansion of the company.
- A company's bottom line is frequently affected by significant capital decisions, which are frequently tied to capital planning.
- In capital budgeting, projects that improve a business are chosen. Almost everything, including the acquisition of land or the purchase of fixed assets like a new truck or machinery, can be included in the capital budgeting process.
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Since the consultant is not a consultee's administrative supervisor , then he would not be held legally responsible for actions taken by the consultee based on the consultant's advice.
A consulting agreement is a legal document that describes the working relationship between a company and a consultant who provides services to that company. The consulting agreement defines the terms of the professional relationship in order to hold both parties accountable for the type of work and compensation expected.
A consultant is a third-party professional who provides expertise and advice to help a company's operations in some way. They examine current business practices, identify areas for improvement, and devise a strategy to improve that aspect of the business.
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Despite that 4Ps helped to remember the basics components of the <u>marketing mix</u>, they do not reveal all the components in the marketing process.
<h3>What is Marketing 4Ps?</h3>
The Marketing 4Ps is an economic model that enhances the components of a firm "marketing mix", that is, they enhance the way firm take a new product or service to market.
The Marketing 4Ps includes price, product, promotion and place.
However, the marketing mix does not reveal all the components in the marketing process.
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Answer:
The correct answer is a) Chief Marketing Officers (CMOs).
Explanation:
Chief marketing Officers determine the demand for the products and services offered by a company and its competitors, and identify potential customers. They develop pricing strategies with the objective of maximizing the benefits of the company or its participation in the market, while ensuring the satisfaction of the company's customers. They monitor product development or follow trends that indicate the need for new products and services.
In companies that manufacture products or are dedicated to the provision of services, marketing directors have to decide the best way to promote themselves to increase sales. Marketing departments are often involved in different aspects of this process, from advertising market research, to public relations, events and sponsorships.
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
