Answer: Market development
Explanation: In simple words, it refers to a strategy under which an organisation tries to identify and develop a new customer base for their current products.
In the given case, Red ink is trying to advantage of the similar culture in Soleria so that they can sell their existing product in a new market.
Hence from the above we can conclude that this is an example of market development.
Answer:
Hodge Company
Calculation of Estimated Loss on Inventory in the
Flood Using Gross Margin (Profit) Method
November 21, 2016
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016 <u>$131,000</u>
to date of flood
Cost of goods available for sale $227,000
<u>Estimated cost of goods sold:</u>
Net sales from November 1, 2016 $250,000
to date of flood
Less: Estimated gross margin <u>$75,000</u> <u>$175,000</u>
(250,000 * 30%)
Estimated cost of inventory at date of flood $52,000
Less: Salvage goods <u>$9,200</u>
Estimated loss on inventory in the flood <u>$42,800</u>
Answer:
D. added to the balance according to company
Explanation:
The bank reconciliation must have included an item that was<em> added to the balance according to company.</em>
Answer:
Promissory estoppel is the legal principle that a promise is enforceable by law
Explanation:
A staff meeting announcement needs to be in the first sentence, ex: please plan to attend....day, date, time, place should be included. Include the purpose of the meeting, ex: we will explain the new reimbursement procedure. Be sure to let readers know if they need to prepare anything/bring anything to the meeting. IF you require confirmation, tell the readers how to respond and by when. Optional: If the meeting is mandatory, it should be stated in the subject line and in the body. Goodwill is a good ending, ex: We look forward to seeing you there.
