Answer:
C. I would only need to create 33% new awareness to maintain 100% this year.
Explanation:
Each product’s promotion budget determines its level of awareness. A product’s awareness percentage reflects the number of customers who know about the product. An awareness of 50% indicates half of the potential customers know it exists. From one year to the next, a third (33%) of those who knew about a product forget about it.
Last Year’s Awareness - (33% * Last Year’s Awareness) = Starting Awareness
If a product ended last year with an awareness of 50%, this year it will start with an awareness of approximately 33%. This year’s promotion budget would build from a starting awareness of approximately 33%.
Starting Awareness + Additional Awareness = New Awareness
You lose about 1/3rd each year as customers forget the product.
clients can owe businesses payment for services, and businesses have financial obligations they need to pay
question answered by
(jacemorris04)
Answer:
an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
Answer:
a $2,350 credit balance
Explanation:
Accounts payable is a liability account. As such, when a credit entry into the account increases the balance and a debit entry reduces the balance in the account.
For the payment of an amount owed, it will be posted as a debit.
Therefore the balance in the account after the posting
= ($3700) + $1350
= ($2350)
Note the parenthesis was used to indicate a credit item.
It’s cheaper for them to buy so they end up profiting more.