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
Amanda [17]
3 years ago
11

What is Sharpie's target market?

Business
1 answer:
White raven [17]3 years ago
5 0

Answer:

The campaign is aimed at teenagers.

Explanation:

Sharpie's global vice president for marketing, because they “use Sharpie in the most creative, inspiring ways.

Have a good day and stay safe!

You might be interested in
Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving s
horsena [70]

Answer:

1). Account receivables A/c Dr. $1,345,000

                 To sales revenue  A/c $1,345,000

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $975,700

          To merchandise inventory A/c $975,700

(Being the cost is recorded)

2. Allowance for doubtful accounts A/c Dr. $19,400

       To accounts receivable A/c $19,400

(Being the written off is recorded)

3. Cash A/c Dr. $670,800

           To accounts receivables A/c $670,800

(Being cash received is recorded

1. .Account receivable A/c Dr. $1,529,400

                    To sales A/c $1,529,400

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $1,332,100

          To merchandise inventory A/c $1,332,100

(Being the cost of goods sold  is recorded)

2. Allowance for doubtful accounts A/c Dr. $27,000

        To Account receivable A/c $27,000

(Being the written off amount is recorded)

3. Cash A/c Dr. $1,391,600

            To account receivable A/c $1,391,600

(Being the cash received is recorded)

4. Bad-debts expense A/c Dr. $28,000

(765,600 × 1% + 20,344)

    To allowance for doubtful accounts A/c $28,000

(Being the bad debt expense is recorded)

Working note:

Ending Receivables = (654800 + 1529400 - 27,000 - 1,391,600) = $765,600

Total Receivables of 1st Year = 1,345,000 - 19,400 - 670,800 = $654,800

Before Adjustment Ending Allowance Balance = 65,4800 × 1% - 27,000

= 6,548 - 27,000

= 20,344 Debit BalanceThe journal entries are shown below:

According to the scenario, computation of the given data are as follows:-

Journal Entries for 1st year

1). Account receivables A/c Dr. $1,345,000

                 To sales revenue  A/c $1,345,000

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $975,700

          To merchandise inventory A/c $975,700

(Being the cost is recorded)

2. Allowance for doubtful accounts A/c Dr. $19,400

       To accounts receivable A/c $19,400

(Being the written off is recorded)

3. Cash A/c Dr. $670,800

           To accounts receivables A/c $670,800

(Being cash received is recorded)

4.  Bad-debts expense A/c Dr. $38,389

(1,345,000-19,400-670,800) × 2.90+ $19,400

          To allowance for doubtful accounts A/c $38,389

(Being the bad debt expense is recorded)

Journal Entries for 2nd year

1. .Account receivable A/c Dr. $1,529,400

                    To sales A/c $1,529,400

(Being the sales revenue is recorded)

Cost of good sold A/c Dr. $1,332,100

          To merchandise inventory A/c $1,332,100

(Being the cost of goods sold  is recorded)

2. Allowance for doubtful accounts A/c Dr. $27,000

        To Account receivable A/c $27,000

(Being the written off amount is recorded)

3. Cash A/c Dr. $1,391,600

            To account receivable A/c $1,391,600

(Being the cash received is recorded)

4. Bad-debts expense A/c Dr. $28,000

(765,600 × 1% + 20,344)

    To allowance for doubtful accounts A/c $28,000

(Being the bad debt expense is recorded)

Working note:

Ending Receivables = (654800 + 1529400 - 27,000 - 1,391,600) = $765,600

Total Receivables of 1st Year = 1,345,000 - 19,400 - 670,800 = $654,800

Before Adjustment Ending Allowance Balance = 65,4800 × 1% - 27,000

= 6,548 - 27,000

= 20,344 Debit Balance

Explanation:

8 0
3 years ago
When a company shifts from a traditional cost system in which manufacturing overhead is applied based on direct labor-hours to a
Dimas [21]

Answer:

True

Explanation:

An activity based costing (ABC) system assigns resources to the different production activities, and then unit costs are determined by the proportion of the production activities that every unit requires.

This is a much more complex costing method than just assigning overhead costs based on direct labor hours or machine hours.

6 0
3 years ago
The most worthless money in the world?​
Inessa [10]
A penny


But the most worthless thing in the world is love.
You love them and they snap you like a twig
3 0
3 years ago
Read 2 more answers
Retained earnings, December 31, 2012 $ 306,800 Cost of equipment purchased during 2013 29,000 Net loss for the year ended Decemb
aksik [14]

Answer:

$288,500

Explanation:

Particulars                                                          Amount

Retained Earnings Dec 31, 2012                      $306,800

Less: Net Loss for the Year                              $4,000

Less: Dividend declared and paid in 2013      <u>$14,300</u>

Retained Earnings Dec 31, 2013                     <u>$288,500</u>

3 0
3 years ago
On January 1 2021 Water World issues $26 million of 7% bonds, due in 10 years with interest payable semiannually on June 30 and
Alex73 [517]

Answer:

See below.

Explanation:

To make the calculations for issue prices we need to identify Net present value of the bonds.

This can be done as follows,

NPV = (Coupon rate of bond * annuity 10 years @ MR) + Par value * PV

where, MR = market rate and PV = present value factor at time of maturity.

1-a)

Annuity factor for 10 years @ 6% market rate = 7.3601

PV factor for 10th year @ 6% market rate = 0.5584

Coupon rate = 26*0.07 = $1.82 million

Issue Price = (1.82 * 7.3601) + 27*0.5584 = $28 million rounded off.

1-b)

Annuity factor for 10 years @ 7% market rate = 7.024

PV factor for 10th year @ 6% market rate = 0.5083

Coupon rate = 26*0.07 = $1.82 million

Issue Price = (1.82 * 7.024) + 27*0.5083 = $26.5 million rounded off.

1-c)

Annuity factor for 10 years @ 8% market rate = 6.710

PV factor for 10th year @ 6% market rate = 0.4632

Coupon rate = 26*0.07 = $1.82 million

Issue Price = (1.82 * 6.710) + 27*0.4632 = $24.7 million rounded off.

Hope that helps.

3 0
3 years ago
Other questions:
  • Read this selection from the opening of an application message, and then answer the corresponding question.
    9·1 answer
  • You are considering two home security companies for your new house. The first company offers free installation and equipment, bu
    5·1 answer
  • ​________ occurs when economic benefits are distributed fairly. A. Equity B. Allocative efficiency C. Equality D. Productive eff
    12·1 answer
  • In this particular example, the optimal two-part tariff is a per-unit price of $1 and a fixed fee of $29. But notice that with t
    11·1 answer
  • The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three
    11·1 answer
  • Sidney took a $150 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee
    8·1 answer
  • Hartley Psychiatric, Inc., needs to purchase office equipment for its 2,000 drive-in therapy centers nationwide. The total cost
    11·1 answer
  • Public provision..
    9·1 answer
  • One way to support the domestic marketing campaign is through industry participation. List three other pillars of this campaign.
    8·1 answer
  • Budgeting helps consumers reach their financial goals by helping them do which of the following?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!