Answer:
$1,438,950
Explanation:
Racine Furnishings Company
Multiple-Step Income Statement for the year ended March 31, 2019
Sales revenue $6,581,950
Less cost of goods sold ($3,860,900)
Gross profit $2,721,050
Expenses
Selling Expenses (724,300 )
Administrative Expenses (547,300)
Income from operation 1,449,450
Other expenses
Interest Expense ( 10,500)
Net income $1,438,950
Answer:
Explanation: when the total number of customers *increases*, in order to serve the increased number of customers, it needs to be done *faster* in order not to keep other customers waiting for too long. And also this increased customer patronage would increase as well, the number of cars driving through the drive way
Answer:
d
Explanation:
i just take the test hope it help you.
Answer:
Total present value of the payments=$11,263.96
Explanation:
<em>Step 1: Determine the total future value of all the payments</em>
For the next 3 year;
Total future value=3,600×3=$10,800
For the fourth year;
Total future value=$5,100
At the end of 4 years, Mustard's Inc will have a future value of;
5,100+10,800=$15,900
<em>Step 2: Determine the present value of all the payments</em>
Using the formula;
F.V=P.V(1+r)^n
where;
F.V=future value
P.V=present value
r=interest rate
n=number of years
In our case;
F.V=$15,900
P.V=unknown
r=9%=9/100=0.09
n=4 years
replacing;
15,900=P.V(1+0.09)^4
15,900=1.4116 P.V
P.V=15,900/1.4116
P.V=11,263.96
Total present value of the payments=$11,263.96
Answer: To determine if a marketing plan is effective
Explanation:
Analysis of the market is necessary in understanding the market, competitors and the consumers better.
Creating a market analysis helps the manufacturer understand the target audience and market conditions which are vital in the creation of a successful good or service. It also helps in determining if there's effectiveness regarding the marketing plan used.
Analyzing market activities and creating an income funnel also helps to distinguish a company from other competitors and therefore makes one stand out when compared to others.