672 deposited at the beginning of each quarter for 7 years; money earns 5% compounded monthly

A client sks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that th

ioda

Answer:

C. Stage 4

Explanation:

stage 4 – respecting authority and preserving the rules of society.

authority and social order obedience driven.

7 0

3 years ago

Which of the following statements about Gen Xers is TRUE? A) Gen Xers are often willing to change brands. B) Gen Xers are select

DerKrebs [107]

Answer: d. Gen Xers prize self-sufficiency and are pragmatic.

Explanation:

Gen Xers prize self-sufficiency and are pragmatic. Gen Xers prices are self sufficient that they need no external aid and they are realistic.

5 0

3 years ago

Sterling Morrow, a fashion brand known for casual dresses, is launching a new product line: Carry Tu, a line of women’s fashion

Rina8888 [55]

Answer with Explanation:

If the company desires Carry Tu product line to breakeven within first 8 months then my recommendation would be to target working class women. This is because working class women spend most of their earnings on fashion bags, clothing, shoes, satchel, makeup, overnight bags, cell phones, jewelry, etc. So if we are targeting a customer who has higher purchasing power then it is more likely that our quality product will breakeven very quickly. A working class women roughly owns 2-4 bags which means their is huge market for Carry Tu, especially in the case of working class women. Other items like overnight bags, satchel, card holder key-chains, laptop bags, etc will be adding value due to growing demand of quality products and shopping habits of working class women.

Satchel is usually used by both students and working class women, now again it will be one of the most value adding product among the Carry Tu product line.

Laptops bags are rarely used as the companies that sell their products has a laptop with bag in a package offering. So it will be less value adding item. Likewise card-holder key-chains are also rarely used by students and working class women.

Overall assessment shows that the best customer segment that the company must focus should be working class women.

Pricing Strategy for Carry Tu Line:

The pricing strategy of the company must be increasing sales oriented which would increase the demand of the product if the purchasing power of the customer is not much high. If the product is differentiated and quality oriented and also that the customer's purchasing power is high enough then the company must charge higher cost to reflect its brand and quality product.

The satchel is widely used by the students and working class women who work in small organizations, hence the company must follow penetration pricing strategy. This is the strategy that will help in covering the fixed cost by earning small contribution on each product. It will also increase the sales which means the total contribution will be enough to cover fixed cost of the organization. This pricing strategy is mostly followed to increase the market share and as in the case of Carry Tu, it is a new entrant in the market, hence pricing low would be helpful in developing customer relation and covering the fixed cost so that the company breakeven in first 8 months of operation.

Overnight bag and laptop bags are mostly used by the working class women who prefer differentiated and quality products. Which means that the product will be differentiated and quality product to compete with Grazzi. The company must follow Competitive pricing strategy so that the customer perceives similar value that Grazzi is offering in the market.

Card-holder key-chains are rarely purchased by working class hence it will also follow penetration pricing strategy to increase its sales and increase the total contribution earned on its sales.

The pricing strategy are based on the market condition of Carry Tu as it is a new entrant in the market and is based on Grazzi brand valued by customers.

7 0

3 years ago

Is Personal Finance a business class in high school or just an elective?

aalyn [17]

Answer:

elective!

Explanation:

7 0

2 years ago

Read 2 more answers

The following information pertains to Marin Solar Panels, Inc. July 1 Sold $126,000 of solar panels to Cullumber Company with te

valentinak56 [21]

Answer:

Date: July 1

Debit: Cullumber Company $126,000

Credit: Sales Revenue $126,000

To record sales on account, in terms of Gross method.

Date: July 12

Debit: Bramble Corp. $82,000

Credit: Sales Revenue $82,000

To record sales on account to Bramble Corp.

Date: July 18

Debit: Cash $77,900

Debit: Discount Allowed $4,100

Credit: Bramble Corp. $82,000

To record cash received from Bramble Corp. within 10 days so allowed discount of 5%.

Date: July 20

Debit: Discount Allowed $2,700

Credit: Cullumber Company $2,700

To record discount allowed to Cullumber Company

Date: July 29

Debit: Cash $123,300

Credit: Cullumber Company $123,300

To record Cash received from Cullumber Company

Explanation:

July 1: 4/15, n/30 means that if the payment is made within 15 days then a discount of 4% will be given on sales amount otherwise whole payment needs to be made within 30 days. The Gross Method means that whatever amount is written on invoice will be journalized. So the allowance of $1,500 will not be recorded in this journal entry as it is merely estimation and not really honored by vendor yet.

July 12: 5/10, n/60 means that if the payment is made within 10 days of purchase the buyer can avail 10% discount otherwise full payment in 60 days.

July 18: Since the payment is made within 10 days of purchase. Hence the 10% of discount would be given to Bramble Corp.

Discount Allowed = $82,000 x 5% = $4,100

July 20: Credit of $2,700 means that Cullumber will pay $2,700 less of the amount it owes to Marin.

July 29: Cullumber could have availed the discount if made the payment within 15 days as per terms but as made within 30 days so have to make the full payment. Except that of Discount allowed in terms of compensation due to wrong color provided by Marin of $2,700.

July 31: Since the Marin expectations have not been realized yet so no entry required at this time.

8 0

3 years ago