Commercial paper should be sold on a discount
Answer:
Net Income = $642,000
Explanation:
Income Statement
Sales 3,000,000
Less: Cost of Goods Sold (<u>1,500,000)</u>
Gross Profit 1,500,000
Less: Administrative Expenses (150,000)
Marketing Expenses (80,000)
Depreciation Expense <u>(170,000)</u>
Operating Income 1,100,000
Less: Interest Expense <u>(30,000)</u>
Earnings before Taxes 1,070,000
Less: Taxes (40%) <u> (428,000)</u>
Net Income <u>642,000</u>
True some people choose work for the money and others choose work that they love doing
The answer if the gdp price index is 125 is c
The most accurate statement about marketing is that <u>B) It can help </u><u>create jobs </u><u>in the </u><u>economy </u><u>by </u><u>increasing demand </u><u>for </u><u>goods </u><u>and </u><u>services</u><u>.</u>
Marketing refers to the various methods a company is able to advertise itself and its products such that more people will becoming interested in it thereby leading to an increase in demand for their goods and services
If this happens to a company, they will be able to make more profit which will allow them to expand. Expansion needs more employees to work so the company will have to hire more people thereby creating jobs in the economy.
Other options are wrong because:
- Marketing is always important, even when goods are standardized
- Marketing has an impact on the intangible assets of a company especially goodwill
- Marketing is more important to smaller firms than larger ones
In conclusion, marketing leads to increased employment in an economy.
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<u>Options for this question include:</u>
A) It is of little importance when products are standardized.
B) It can help create jobs in the economy by increasing demand for goods and services.
C) It helps to build a loyal customer base but has no impact on a firm's intangible assets.
D) It is more important for bigger organizations than smaller ones.