Answer:
a) Net income of $35,800
b) Net income of $45,000
c) Net loss of $23,000
d) Net income of $23,950
Explanation:
Net income is the difference between the revenue and expense.
Where revenue is more than expense, we have a net income otherwise, a net loss.
a) Net income = $71,300 - $35,500
= $35,800
b) Net income = $220,500 - $175,500
= $45,000
c) Net loss = $149,000 - $172,000
= - $23,000
d) Net income = $198,150 - $174,200
= $23,950
Answer: Using television advertising
Explanation:
Push marketing strategy, refers to the strategy whereby take its products to the consumers in order to increase the exposure of the product.
Push marketing simply means pushing the brand through the use of promotions and paid advertisiment. On the other hand, pull strategy draws customers towards the product.
Elotrik best illustrates the concept of design competition by trying to counter and stay in the market.
<h3>What is design competition?</h3>
This is a procurement strategy that is used in business in order to have an organization stay in a market.
This is what this business has obviously done here through the introduction of new offers as well as discounts.
Read more on design competition here:brainly.com/question/1622190
Answer:
Journals :
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Explanation:
The Land and Building is Initially measured at cost of acquisition not the fair market value. The cost of Acquisition in this case is the Present Value of the Mortgage Payable used to obtain the Property.
Step 1
Use the Time Value of Money Techniques to find the Present Value of the Mortgage.
Calculation of Present Value of the Mortgage
N = 20 × 12 = 240
P/YR = 12
PMT = - $3,488.85
I = 7 %
FV = $ 0
PV = ?
Using a Financial Calculator to Input the Values as above, the Present Value of the Mortgage will be $450,000.
Step 2
When Recording, apportion the Land and Building costs using their fair market value.
Land $350,000 (debit)
Building $100,000 (debit)
Mortgage Payable $450,000 (credit)
Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
