<span>Given the DL formula and the information provided;
The direct labor is: </span>$2,000,000.
Answer:
The answer is: Product oriented
Explanation:
Marketing considers products as tangible goods or intangible services that satisfy a customer´s need or demand. In this case Ice Cream is Freez´s product and their marketing strategy is based on making their product better. They expect consumer fidelity to be very high and word of mouth marketing to take place.
They believe that once a customer tries their ice cream, two things will happen; They will like their ice cream so much that they will keep buying it (consumer fidelity), and that they will start word of mouth marketing. That is that one customer will tell his friends how good Freez´s ice cream is and that will make those people want to buy the ice cream. Once they buy the product, they will be so satisfied that they will again recommend the ice cream to their other friends. Word of mouth marketing works (on a small scale) the same way social network notifications or viral internet videos work, basically good gossip.
Answer:
$455,500
Explanation:
Retained Earnings are profits that have not been distributed as dividends to shareholders. Dividends shared plus retained earning add up the total earnings by a company.
Retained earnings = profits - dividends shared
In the year revenues were $489, 000
expenses were $379,000
profits were $489,000 - $379,000 =$110,000
The dividends paid in the year were $44,500. It means the retained earnings in the year are $65,000( $110,000 - $44500)
Retained earning in the year will be beginning retained earning plus year's retained earnings.
=$390,000 + $44,500
=$455,500