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3 years ago

9

What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?

1 answer:

Lostsunrise [7]3 years ago

7 0

Answer:

What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?

periodic evaluations

Explanation:

periodic evaluations gives room for adjust trends periodically in the advertisement plan, it ensures thorough analysis is carried out often in order to maximize profits while at the same time meets customers demand

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Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want

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3 years ago

ABC Corporation, after many profitable years, declares a one-time special cash dividend of $10.00 per share. After the announcem

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3 years ago

Ivanhoe Windows manufactures and sells custom storm windows for three-season porches. Ivanhoe also provides installation service

Anna71 [15]

Answer:

Ivanhoe Windows

a. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Installation Revenue $450

To record the completion of installation service.

b. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,896

Credit Unearned Revenue $24

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Debit Unearned Revenue $24

Credit Installation Revenue $474

To record the completion of installation service.

c. If Geraths is unable to develop a reliable estimate for the fair value of the installation:

Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Sales Revenue $450

To record the completion of installation.

Explanation:

a) Data and Calculations:

July 1, 2020, Contract Price = $2,370

Standalone selling price of window = $1,920

Cost of the window = $1,120

Standalone selling price of installation service = $590

Attributed selling price of installation service = $450 ($590 = $140)

b) Estimated standalone value of the installation = estimated cost + 20% on cost

= $400 + 20% = $480 ($400 * 1.2)

Separate performance values:

Sale of window = $1,920 = $1,896 ($1,920/$2,400 * $2,370)

Installation = 480 = 474 ($480/$2,400 * $2,370)

Total = $2,400 = $2,370

c. If Ivanhoe Windows is unable to develop a reliable estimate for the fair value of the installation, both payments received will be attributed to the Sales Revenue without identifying separate performance values.

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3 years ago