Answer:The first of two major components of developing a marketing strategy is to<u> select a target market.</u>
<u>Explanation:</u> After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.
Steps to select a target market
- Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
- Customers can be targeted on the basis of age,gender,income,occupation,educational level.
- Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
- If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
- Finally target those customers who actually need your products and services.
The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.
<h3>What is the Lead Schedule?</h3>
- A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
- The sum for the related line item in a client's financial statements should match the number on the lead schedule.
- The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
- Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
- The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.
To learn more about the Audit working paper refer to:
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Answer:
summarizes and documents the firm's financial activities during the past year
Explanation:
A firm's annual report must include a comprehensive report about the firm's financial and operational activities throughout the year. The SEC requires public corporations to prepare and disclose quarterly reports (every 3 months) that are available to both stockholders and other people interested in them. Generally private companies are required to prepare at least one annual report.
Answer:
1. False
2. True
3. False
4. False
5. True
6. True
Explanation:
1. False: Investment spending is spending on financial assets like stocks and bonds.
2. True: Transfer payments are not counted in the calculation of GDP.
3. False: If the nominal GDP increases then the economy is definitely experiencing inflation.
4. False: An economy is not at full employment unless there is no unemployment.
5. True: Countries that have generous unemployment benefits tend to have higher natural rates of unemployment. 6. True: Lumberjacks are structurally unemployment when they are replaced by machines.
Answer:
Explanation:
as it is said we must apply the CAPM model, so we have:
where 
is the capital asset pricing model, 
is the risk free of the market, 
is the relation between the market benchmark and an asset return, and 
is the expected return of an asset
