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Brut [27]
3 years ago
8

Andrew is the head of a product management team that was about to launch a new product. Before the launch, he decided to do some

research. He put the new product information on the website and asked for feedback from the general population. Why was Andrew doing this research?
A) To formulate a strategy
B) To help management keep in touch
C) To achieve credibility with management
D) To define the audience
Business
2 answers:
Mekhanik [1.2K]3 years ago
8 0

Answer: D.) To define the audience

Explanation: Business best practices involves that preliminary or reconnaissance study is conducted when marketing business products. Andrew being the head of the project management team, aims to project or define the target audience or market prior to the launch of the company's new product. Response issued by the general public might be analyzed in terms of age, gender, race, social affiliation and other factors in other to ascertain where to best concentrate marketing efforts and how to develop marketing strategies.

Juli2301 [7.4K]3 years ago
4 0

Answer: D) To define the audience

Explanation: From the question above, Andrew decides to put the new product information on the website and asked for feedback from the general population because he wanted to define the audience which means he wanted to know if people will be interested in the new product before its being lunched or not.

Defining the audience is a good research to carry out on a new product because it helps to identify what the consumers want and what consumers are looking for in a product.

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ratelena [41]

Answer:

The 1st one because I would want the product to be okay for me to use and not under pay for something that will harm me.

Explanation:

It is just plain facts!!!

6 0
3 years ago
Read 2 more answers
Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0
3 years ago
The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects
Doss [256]

Answer:

The answer is C. longer inventory sits on the firm's shelves

Explanation:

The Inventory turnover is the number of times inventory is sold or used during a given period of time.

The formula is:

cost of goods sold/average inventory.

A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)

4 0
3 years ago
Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginn
Luda [366]

Answer:

$23,000

Explanation:

Before recording the journal entry, first we have to determine the pension expense amount which is shown below:

Pension expense = service cost + interest cost - expected return on plan assets

= $18,000 + $5,000 - $10,000

= $13,000

Now the journal entry would be

Pension expense A/c Dr $13,000

Plan asset A/c Dr $10,000

        To PBO A/c $23,000

(Being the annual pension cost is recorded)

All other information which is given is not relevant. Hence, ignored it

6 0
3 years ago
At the end of its first year of operations, Eagle Manufacturing has a deductible temporary difference of $100,000. Eagle has inc
Sunny_sXe [5.5K]

Complete question:

At the end of its first year of operations, Eagle Manufacturing has a deductible temporary difference of $100,000. Eagle has income taxes payable of $90,000 due to a tax rate of 20%. Eagle also recorded a deferred tax asset. Later, they determined that it is more likely than not that $15,000 of the deferred tax asset will not be realized. What entry should Eagle make to record the reduction in asset value?

A. Allowance to Reduce Deferred

Tax Asset to Expected Realizable

Value 15,000

Income Tax Expense 15,000

B. Income Tax Expense 15,000

Deferred Tax Asset 15,000

C. Income Taxes Payable 15,000

Income Tax Expense 15,000

D. Income Tax Expense 15,000

Allowance to Reduce Deferred

Tax Asset to Expected Realizable

Value 15,000

Answer:

Income Tax Expense = 15,000

Allowance to Reduce Deferred

Tax Asset to Expected Realizable

Value 15,000

Explanation:

A book value decrease decreases the valuation of the book asset when changes in the asset or the dynamics of the market have decreased its present market value.

Reduction of book value is a non-cash charge listed as an expense, which decreases net profit.

In this case , Option D entry should Eagle make to record the reduction in asset value

i.e,  Income Tax Expense                                        15,000

                     Allowance to Reduce Deferred

                     Tax Asset to Expected Realisable

        Value                                                                  15,000

3 0
3 years ago
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