Answer:
Option (b) is correct.
Explanation:
Given that,
Beginning work in process inventory balance = $32,000
Direct materials was placed into production = $54,500
Direct labor = $63,400
Actual manufacturing overhead = $86,500
Jobs costing completed during the year = $225,000
Ending work in process inventory balance:
= Beginning work in process inventory balance + Direct materials was placed into production + Direct labor + Actual manufacturing overhead - Jobs costing completed during the year
= $32,000 + $54,500 + $63,400 + $86,500 - $225,000
= $11,400
High end and low end versions of the same items to capture more of the market.
Tiffany's sells high-end fine jewelry at higher prices. Walmart also offers nice jewelry at much lower prices.
Answer:
Letter B is correct.<u> Reduced company risk by deciding where when how and whom a product service or brand will be marketed.</u>
Explanation:
Marketing segmentation can be defined as a marketing strategy to identify groups of people with preferences and similarities in the response and choice of products or services.
Therefore, by segmenting the market, Vick reduced the company's risk, as it was able to identify its types of potential customers and the similarities between them, in order to develop a more specific marketing plan that understands and meets their needs and desires. With market segmentation, it is possible for a company to adjust its product and distribution channel, develop more efficient campaigns, increase market share, meet its consumer and satisfy its needs.
Answer:
the acid test ratio is 0.7 times
Explanation:
The computation of the acid test ratio is shown below;
Acid test ratio is
= Quick assets ÷ current liabilities
= (Cash + marketable securities + account receivable) ÷ current liabilities
= ($37,000 + $39,000 + $97,600) ÷ ($248,000)
= 0.7
Hence, the acid test ratio is 0.7 times
This is the answer but the same is not provided in the given options
Answer:
Refer to the merchandise that customer return to the seller after the sale.
Explanation:
Sales return is a option given by a seller to its customers to return the product purchased due to some other reasons. The sales returns are received by sellers and the invoice is then adjusted. The seller records the sales return under the account sales return and allowances. Customers usually return the products to sellers if they are not satisfied with either the quality or quantity.