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3 years ago

Explain the relationship between consumers and producers in economic growth and activity

Business

1 answer:

Strike441 [17]3 years ago

3 0

The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.

Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.

Money allows this relationship to work.

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Which of the following is a disadvantage of using a percentage-of-sales method to determine the marketing communications budget?

Ratling [72]

Answer:

Explanation:

The different methods of determining marketing budget includes :

Percentage of Sales method. - it is usually used by small businesses. it is when a percentage of sales is used to determine the overall budget of marketing communications.

Objective and Task method ; this involves a firm determining it objectives and then estimating the cost of reaching these objectives

Market Share method. - uses its market share to determine its budget

Unit Sales method. - the cost of marketing for one item is determined and then multiplied by the desired sales level

7 0

2 years ago

ournalize the entries to record the following: June 1 Established a petty cash fund of $200. 30 The amount of cash in the petty

Keith_Richards [23]

Answer:

The journal entries are as follows:

(i) On June 1,

Petty cash A/c Dr. $200

To cash $200

(To record petty cash established)

(ii) On June 30,

Postage A/c Dr. $25

Entertainment A/c Dr. $100

Miscellaneous A/c Dr. $20

To cash short and over A/c $2

To cash ($200 - $57) $143

(To record cash replenishment)

8 0

3 years ago

Purchase task, social surroundings, physical surroundings, temporal effects, and antecedent states can have an impact on a consu

quester [9]

Answer:

<u>Situational Influences </u>

Explanation:

Situational influences refer to those situation or state conditions which influence a buyers behavior. Physical, social and time factors or buyers own moods, affect a buyers buying habits i.e what the buyers buy and the quantity of purchases.

Physical surroundings refer to the physical situation of the buyer i.e the effect of location of the store, the design of the store etc.

Social surroundings refer to the effect of people who surround the buyer while he is considering a purchase.

Temporal effects refer to temporary or time bound situation of the buyer which relates to the time of the day a buyer visits the store.

Antecedent states refer to the pre existing state of mind of the buyer.

Collectively, these comprise situational influences in consumer buying decision process.

4 0

3 years ago

The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year:

Savatey [412]

Answer: $1,063,000

Explanation:

Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.

The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.

= $1,100,000 - $37,000

= $1,063,000

7 0

3 years ago

Georgia, a widow, has take-home pay of $600 a week from her part-time job. Her disability insurance coverage replaces 70 percent

MariettaO [177]

Answer:

Disability benefit = $5,040

Explanation:

Given:

Pay off per week = $600

Insurance coverage = 70 percent = 0.70

Waiting period = 4 week

Computation of disability benefits:

Disability benefit = Per Week benefit × Total Number of Covered weeks

= (Insurance coverage × Pay off per week) × (off work - Waiting period)

= (0.70 × $600) × (16 - 4)

= $420 × 12

= $5,040

4 0

3 years ago