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Tju [1.3M]
3 years ago
7

Carrigan has just launched his new business. He has great plans for expansion later but for now, the most appropriate and effect

ive product strategy to use in this stage of his small business is the _____ product strategy.
Business
1 answer:
rewona [7]3 years ago
3 0

Answer:

one product strategy

Explanation:

Based on the information provided within the question it can be said that the best strategy in this situation would be a one product strategy. This is a business strategy in which the company focuses on a single flagship product and making it sell as much as possible before diversifying into other products. This prevents the company from being overwhelmed with various products and instead allows them to focus and one and grow the product as well as the company.

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Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service lif
Margaret [11]

Answer:

Depreciation expense = $13,130

Book value = $46,740

Explanation:

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line method = (Cost of asset - salvage value) / useful life

($73,000 - $7,350) / 5 = $13,130

The depreciation expense each year would be $13,130.

Book value = Cost of asset - Depreciation expense

In December 2021, the book value would be = $73,000 - $13,130 = $59,870

In December 2022, the book value would be = $59,870 - $13,130 = $46,740

I hope my answer helps you

4 0
3 years ago
Beau Corporation sells a unit of its product for​ $250 per​ unit, while its variable costs per unit are​ $75. Fixed cost are bud
wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75  =  $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250   =  0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

8 0
3 years ago
he following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.T
ra1l [238]

Answer:

b. 14.0%

Explanation:

NET INCOME  

Sales  $ 100.000

Net Income  $ 25.000

Preferred Stock  -$ 4.000

Net Income to Stockholders' equity—common $ 21.000   14%

Net Income to Stockholders         $ 21.000

                                                      ===========  =   14%

Stockholders' equity—common    $ 150,000

5 0
3 years ago
_____ are labor markets in which workers are hired into entry level jobs and higher level jobs are filled from within. select on
bixtya [17]
The answer will be C . Internal Labor Markets
7 0
3 years ago
Kyle has $2,200 in cash received for high school graduation gifts from various relatives. He wants to invest it in a certificate
Darina [25.2K]

Answer:

Kyle will have in five years from now 2,501.26 dollars for his investment on certificate of deposit.

Explanation:

We need to calcualte the future value of a lump sum:

Principal \: (1+ r)^{time} = Amount

Principal $ 2,200

time 5 years

rate 2.6% = 2.6/100 = 0.02600

2200 \: (1+ 0.026)^{5} = Amount

Amount 2,501.26

7 0
3 years ago
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