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konstantin123 [22]
3 years ago
9

A wedding services company changes its marketing strategy to reflect the fact that more LGBTQ​ (lesbian/gay/bisexual/transgender

/queer) marriages are taking place. The company is offering a broader range of ceremonies that cater to this market. Which of the following environments must this wedding company​ analyze?
Business
1 answer:
solmaris [256]3 years ago
4 0

Answer:

The answer is: Cultural environment

Explanation:

Cultural environment is the set of values, behaviors, attitudes, customs and aspirations of people.  

They are continuously changing and evolving, for instance 100 years ago gays weren´t allowed to marry, in many places being gay was outlawed. All businesses should change their marketing strategies to reflect cultural changes. Imagine if the TV ads from the 1980s were still running today, many would be considered scandalous, misogynistic or sexist.

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A manufacturing company has a beginning finished goods inventory of $27,300, cost of goods manufactured of $57,500, and an endin
Vaselesa [24]

Answer:

$58,200.

Explanation:

We use the inventory identity to solve for COGS

$$Beginning Inventory + Production = Ending Inventory + COGS

Beginning Inventory  27,300

Production  57,500

Ending  26,600

27,300 + 57,500 = 26,600 + COGS

COGS = 27,300 + 57,500 - 26,600

COGS = 58,200

6 0
3 years ago
Trail Runner guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately
polet [3.4K]

Answer:

1. Record the​ sales, warranty ​expense, and warranty payments for the company. Ignore cost of goods sold.

To record sales during 2018:

Dr Cash 120,000

Dr Accounts receivable 480,000

    Cr Sales revenue 600,000

To record warranty liability:

Dr Warranty expense 30,000

    Cr Warranty payable 30,000

To record warranty related expenses:

Dr Warranty payable 10,000

    Cr Cash 10,000

Instead of cash it could have been wages payable, or repair parts inventory, but since we are not given any details, the safest thing is to assume cash payments.

2. Assume the Estimated Warranty Payable is​ $0 on January​ 1, 2018. Post the 2018 transactions to the Estimated Warranty Payable​ T-account. At the end of 2018 how much in Estimated Warranty Payable does the company​ owe?Use the​ T-account to determine the ending balance for the Estimated Warranty Payable account.

Ending balance of warranty payable account = $20,000

                                    Warranty Payable

                                   debit               credit

beg. bal.                         0                      0

warranty liability                                30,000

warranty costs            <u>10,000                         </u>

end. bal.                                             20,000

4 0
3 years ago
Full-service advertising agency refers to
sdas [7]

Answer:

An advertising agency that provides the most complete range of services including market research, media selection, copy development, artwork and production.

Explanation:

Advertising can be described as the various strategies used to create an awareness of a product to the public. The main objective of advertising is to persuade potential customers to purchase the product.

Full service advertising offers a complete range of services which include carrying out an extensive market research on the product, a good media management, excellent design and packaging of the product.

Hiring the services of full advertising agencies creates room for a team of specialists to work together inorder to boost the sales of the product. It also provides enough time for the management of an organisation to figure out new ways to strategize their business.

8 0
3 years ago
Haulsee Inc. builds 800,000 golf carts a year and purchases the electronic motors for these carts for $370 each. Ordering costs
Allisa [31]

Answer:

4,084

Explanation:

Calculation to determine the economic order quantity (EOQ) for Haulsee

Using this formula

Economic Order Quantity (EOQ) =((2* Annual Requirement * Cost per order)/Carrying cost per unit)^ (1/2)

Let plug in the formula

Economic Order Quantity (EOQ) = ((2*800,000*540)/(370*14%))^(1/2)

Economic Order Quantity (EOQ) = 4,084 units

Therefore the economic order quantity (EOQ) for Haulsee is 4,084 units

4 0
3 years ago
Suppose Bev's Bags makes two kinds of handbags--large and small. Bev rents an industrial space where she keeps the fabric, the i
konstantin123 [22]

Answer: Zero

Explanation: As per the subject matter of cost accounting and economics. Variable cost can be defined as the cost which changes its level with the level of output produced unlike fixed cost which remain constant at all levels.

Electricity bill, raw materials and packaging are some common examples of variable cost.

So from the above explanation we can conclude that if Bev produce no bags there variable cost would be zero.

7 0
3 years ago
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