The marketing mix, also known as the four p's of marketing, consists of product, price, promotion, and place. They are the main essential elements in the marketing mix, which implies in the strategic formation of the company.
<h3>What is marketing mix?</h3>
Marketing mix is the strategy in the initial state of introducing the product. The company do the study about the product which they are going to launch before introducing it into the market.
They have four main elements of the marketing mix that are product is that which is going to launch, price consist of the price of the product in the initial stage, place consist of the place where the product is going to launch, and promotion is the technique of advertising the product's and features.
Thus, it is place.
For more details about Marketing mix, click here:
brainly.com/question/14591993
#SPJ1
Explanation:
The Journal Entry for 3 May is as shown below:-
Allowance for Doubtful Accounts Dr, $2,000
To Accounts Receivable A. Hopkins $2,000
(Being the write off is recorded)
Therefore for passing the journal entry we simply debited allowance for doubtful account and credited the accounts receivable)
Answer:
c. $2,000
Explanation:
Using the accounting equation
Assets - liabilities = Equity
Assets = $3,500
Stockholders' equity = $1,500
Liabilities = ?
The liabilities for Rockford as of December 31, 2022
= $3,500 - $1,500
= $2,000
The liabilities for Rockford as of December 31, 2022 is $2,000. Option c.
The total liabilities of Stockton Company for the period ended December 31 are $6,200.
The liabilities are made up of the following accounts and determined as follows:
Accounts Payable 1,900
Notes Payable 4,300
Total liabilities $6,200
The liabilities represent the resources that Stockton Company owes to third parties for goods and services received on credit.
Data and Calculations:
Trial Balance December 31
Cash 7,530
Accounts Receivable 2,100
Prepaid Expenses 700
Equipment 13,700
Accumulated Depreciation 1,100
Accounts Payable 1,900
Notes Payable 4,300
Common Stock 1,000
Retained Earnings 12,940
Dividends 790
Fees Earned 9,250
Wages Expense 2,500
Rent Expense 1,960
Utilities Expense 775
Depreciation Expense 250
Miscellaneous Expense 185
Totals 30,490 30,490
Thus, the total liabilities of Stockton Company are $6,200, which comprised the Accounts and Notes Payables.
Learn more about computing liabilities of a business at brainly.com/question/24188538