Answer:
The ending Raw Materials Inventory balance for March is $34,600
Explanation:
Raw material inventory is the inventory of those material which will be used in the processing of the production of a product. It includes direct material and indirect material as well.
The ending raw material will be calculated as follow
Ending Raw Material = Beginning raw material + Purchases for the period - material used in the period
Ending Raw Material = $23,600 + $173,000 - ( $148,200 + $13,800 )
Ending Raw Material = $23,600 + $173,000 - $162,000
Ending Raw Material = $196,600 - $162,000
Ending Raw Material = $34,600
Answer:
Loss of $97,600
Explanation:
From the question above a trucking company sold its fleet for $55,400
The truck original cost is $1,426,000
The depreciation is $1,273,000
The first step is to calculate the book value
Book value= cost-accumulated depreciation
= $1,426,000-$1,273,000
= $153,000
The next step is to subtract the book value from the cost to determine if it a gain or loss
= $55,400-$153,000
= -97,600
Since the value is negative then, the trucking company is at a loss of $97,600
Answer: -$487.50
Explanation:
Last year income = Sales - Operating Costs - Depreciation - Interest
= 10,500 - 6,250 - 1,300 - ( 5,000 * 6.5%)
= $2,625 - tax
= 2,625 - ( 2,625 * 35%)
= $1,706.25
This year income = Sales - Operating Costs - Depreciation - Interest
= 10,500 - 6,250 - (1,300 + 750) - ( 5,000 * 6.5%)
= $1,875
= 1,875 - ( 1,875 * 35%)
= $1,218.75
Difference = This year income - Last year
= 1,218.75 - 1,706.25
= -$487.50
Answer:
monopolistic competition
Explanation:
Monopolistic competition refers to the characteristic of a sector in which several companies offer similar but not flawless replacements for products. Barriers to entry as well as an exit in such a competitive monopoly sector are minimal, and any company's judgments have no direct impact on those of its rivals. Monopolistic competition is strongly linked to the mark distinguishing corporate strategy.
The monopolistic rivalry is a middle way among monopoly with perfect competition, mixing individual elements. Both companies have the same, comparatively low level of market dominance in monopolistic competitiveness; they are all value-makers. The demand is strongly elastic throughout the long run, implying it is vulnerable to price movements
Vertical differentiation strategy is the marketing strategy that best exemplifies the straightforward mapping of the product.
Marketing strategy refers to plans executed by a firms' marketing department which ensure that various plan for reaching prospective consumers and turning them into customers of the products are achieved.
Basically, the differentiation strategy in marketing entails development of product which is unique, different and distinct from its competitors product.
But in this question context, the type of marketing is Vertical differentiation strategy.
The Vertical differentiation strategy involves a firm finding a quality and price mix which will differentiate the brand from its competitors,
Therefore, the type of strategy that best exemplifies a straightforward mapping of a product to a customer’s willingness to pay is the Vertical differentiation strategy.
Learn more about Vertical differentiation strategy here
<em>brainly.com/question/14482663</em>
