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Free_Kalibri [48]
3 years ago
7

TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f

ollowing is the most promising target market for TUMI briefcases?a. police officers.
b. executives.
c. construction workers.
d. postal workers.
e. students.
Business
1 answer:
myrzilka [38]3 years ago
7 0

Answer:

B. Executives

Explanation:

Option E is wrong. Students do not need high-end briefcases for school or other tasks.

Option D is incorrect. Postal workers do not need any expensive briefcases to carry postal service and letters.

Option C is false. Construction workers cannot afford expensive briefcases.

Option A is not correct. Police officers have not necessary to have those briefcases.

Option B is correct. Executives often need high-end briefcases to keep essential things with them. They can also afford expensive bags.

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Vaughn Inc. reported total assets of $2406000 and net income of $332000 for the current year. Vaughn determined that inventory w
Vsevolod [243]

Answer:

$2,380,500  and $357,500

Explanation:

The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as

Opening balance + purchases - cost of goods sold = closing balance

As such, when inventory is overstated at the start of the year, the ending inventory would also be overstated by the same amount, the cost of goods sold would be overstated and net income understated.

Correct amount of asset

= $2406000 -  $25500

= $2,380,500

net income for the year

= $332000 + $25500

= $357,500

5 0
3 years ago
In Florence Cement Company v. Vittraino, Florence sought to pierce Shelby's corporate veil and hold the principals personally li
noname [10]

Answer:

A

Explanation:

The Court of Appeals of Michigan reversed the trial court's decision and ruled in favor of Florence on the issue of piercing the corporate veil. The court took a tour of Shelby's company history, there was every indication that the principals treated their own liabilities as Shelby's liabilities and vice versa and intentionally undercapitalized Shelby,this caused Shelby to continually be insolvent, including at the time it contracted with Florence. Essad sworn statement was falsified in the final loan draw request to the bank, and this constituted use of Shelby for fraudulent purposes. Therefore, Florence satisfied the elements for piercing the corporate veil.

4 0
4 years ago
Gould Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products:
Zolol [24]

Answer:

Total allocated overhead= $9,532.42

Explanation:

Giving the following information:

Activity Rate

Setting up batches= $59.06 per batch

Processing customer orders= $72.66 per customer order

Assembling products= $3.75 per assembly hour

Product K91B

Number of batches 86

Number of customer orders 36

Number of assembly hours 490

To allocate overhead, we need to use the following formula on each activity rate:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Setting up= 59.06*86= 5,079.16

Processing= 72.66*36= 2,615.76

Assembling= 3.75*490= 1,837.5

Total allocated overhead= $9,532.42

5 0
3 years ago
Tariffs, quotas and subsidies are examples of
Studentka2010 [4]

protectionism, trade barriers and free trade sure!

7 0
3 years ago
An investor who purchases stock in a company becomes a(n):
Mariulka [41]
That investor will become a Shareholder.

The moment an investor become a shareholder, that investor is basically own some percentage of the company.

Each year, the company will pay the investors in the form of Dividend, which amount is depended on how well the company perform in that year
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4 years ago
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