1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Studentka2010 [4]
3 years ago
7

Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars

typically results in a 26% increase in awareness, while the second million results in adding another 18% and the third million in a 5% increase. Andrews’s product Awe currently has an awareness level of 80% . While an important product for Andrews, Awe promotion budget will be reduced to one million dollars for the upcoming year. Assuming that Awe loses one-third of its awareness each year, what will Awe awareness level be next year?
Business
1 answer:
Virty [35]3 years ago
7 0

Answer:

The Expected Awareness level for the next year will be 58%

Explanation:

In order to calculate the Expected Awareness level, first we have to calculate opening awareness level using the following formula:

Opening awareness level=Closing level−Decrease in awareness per year

                                          =80%−(1/3×80%)

                                          =80%−26.4%

                                          =53.6%

After having calculated the Opening awareness level we can calculate the Expected Awareness level for next year with the following formula:

Expected Awareness level=Opening awareness level+Increase in level

                                             =53.6%+5%

                                             =58%

​

​

You might be interested in
Seller Jones signed an exclusive right to sell listing on her home with Muller Realty for $155,000 at a commission rate of 5% to
kramer

Answer:

$3,875

Explanation:

Data given in the question

Selling value of the home = $155,000

Commission rate = 5%

Share basis = equally

So, by considering the above information, the Muller received amount is

= Selling value of the home × commission rate ÷ share basis

= $155,000 × 5% ÷ 2

= $7,750 ÷ 2

= $3,875

By considering the all the information given in the question we can easily find out the received amount by the Muller

8 0
3 years ago
Select the correct answer from each drop-down menu.
OverLord2011 [107]

Answer:

A personal budget provides <u>a detailed account</u> of income and expenses for a <u>period.</u>

Explanation:

A personal budget is a plan of how one intends to spend their income.  It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

7 0
3 years ago
A corporation issued 6,200 shares of $10 par value common stock in exchange for some land with a market value of $94,000. The en
andreev551 [17]

Answer:

Debit Land $94,000; credit Common Stock $62,000; credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

Explanation:

Preparation of what The entry to record this exchange is:

Debit Land $94,000

Credit Common Stock $62,000

(6,200*$10)

Credit Paid-In Capital in Excess of Par Value, Common Stock $32,000

($94,000-$62,000)

(To record exchange)

6 0
3 years ago
Imagine that the Brazilian aircraft manufacturer Embraer purchases a 10 percent share of a Canadian aircraft distribution compan
otez555 [7]

Answer: Forward Integration

Explanation:

Forward integration is a process where a company takes over the control of another company that is further along in the value chain so that it might be able to sell or distribute is goods more effectively. For example, an oil company taking over a petroleum products company.

In this scenario, the Brazilian company purchased a huge part of a company further along in distribution in order to facilitate better sales so this is forward integration.

6 0
3 years ago
‏( Z ) Company has beginning inventory of 15,000 units and expected sales of 23,000 units . If the desired ending inventory is 1
devlian [24]

Answer:

the  number of units should be produced is 26,000 units

Explanation:

The computation of the number of units should be produced is as follows:

Units to be produced is

= Expected sales units + ending inventory units - beginning inventory units

= 23,000 units + 18,000 units - 15,000 units

= 26,000 units

Hence, the  number of units should be produced is 26,000 units

4 0
3 years ago
Other questions:
  • The most useful allocation basis for the departmental costs of an advertising campaign for a storewide sale is likely to be: Mul
    5·1 answer
  • A patient who contributes to causing harm is guilty of what kind of negligence ?
    13·1 answer
  • Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows. Sal
    12·1 answer
  • Which two advantages do renters have that home buyers don’t have?
    7·2 answers
  • The new ASC Topic 606 for revenue recognition:
    13·1 answer
  • Resources are adequate, but demand varies widely over the life of the project. Delaying noncritical activities to lower peak dem
    5·1 answer
  • Identify the statement that accurately characterizes behavioral approaches to performance measurement.
    7·1 answer
  • Clemente Santiago has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior is Mary
    13·1 answer
  • Good, a C corporation, sells an automobile to its sole shareholder for $4,500. Good's adjusted basis in the automobile is $12,00
    14·1 answer
  • Down and Out Co. operates an executive placement service for corporate executives displaced by corporate restructuring. Its mont
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!