Answer:
1. Customer profile is used to increase sales by keeping their demand in mind. Customer traits and requirements are important and used a target for increasing sales.
2. Profitability is the main reason when a company is increasing its product mix.
3. Understand your product, take feedback from customer, observe customer typology.
Explanation:
4. The sales analysis is very important for any business. It is important to forecast sales based on demands of customers to ensure sufficient supply of products.
5. Inaccurate sales forecasting leads to decline sales. The company has foretasted $90,000 but in actual it was only able to make up $25,000 of sales. This may be due to some unavoidable circumstances but during forecast such events and seasonal effects should be considered.
6.
Sales analysis is an important factor which helps any organization to meet market demands.
Market share analysis helps the organization to identify where it stands out among its competitors.
Marketing profitability analysis is a process which helps a company to design such marketing strategies which will help to boost its profitability.
Answer:
B. As a component of income from continuing operations, in the period of change and future periods if the change affects both.
Explanation:
Option A - The effect of a change in accounting principle cannot be reported in the disclosure after income from continuing operations.
Option B - It is the answer because the accounting estimates should be reported as a component of income from continuing operations. It changes the overall accounting reporting treatment as a change in estimates.
Option C - Accounting estimates cannot be reported as a correction of an error as it is a component of income from continuing operations.
Option D - It cannot be the answer because accounting estimates can help to change the prospective years financial statement not the restating of current year's financial statements of all prior periods.
Federal tax: $86
State tax rate: 19% (0.19)
(86) x (0.19) = 16.34
d. $16.34