In <u>modifying the market</u>, Johnson and Johnson increased the consumption of the current product.
<h3>What is market modification?</h3>
Market mofification can be defined as the way in the a manufaturer target the market so as to attract potentials customers.
Most producer tend to make use of market modication as a marketing strategy so as to have more advantage over other competitors by reaching their competitors customers and to as well increase sales.
Therefore in <u>modifying the market</u>, Johnson and Johnson increased the consumption of the current product.
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Answer:
$118,000
Explanation:
Calculation to determine what Crane should report a pension asset / liability
Fair value of plan assets $740,000
Less Projected benefit obligation ($ 622,000)
Pension asset / liability $118,000
($740,000-$622,000)
Therefore Crane should report a pension asset / liability of $118,000
Answer:
The present worth of the cost savings if the company uses an interest rate of 15% per year on such investments is $442108.5079.
Explanation:
Present Worth = $100,000/(1 + 15%) + $100,000/(1 + 15%)^2 + $100,000/(1 + 15%)^3 + $200,000/(1 + 15%)^4 + $200,000/(1 + 15%)^5
= $442108.5079
Therefore, the present worth of the cost savings if the company uses an interest rate of 15% per year on such investments is $442108.5079.
Answer:
Items --- Reporting Method
1
. Accounts payable - Current liability
2
. Current portion of long-term debt - Current liability
3
. Sales tax collected from customers - Current liability
4
. Notes payable due next year - Current liability
5
. Notes payable due in two years - Long-term liability
6
. Advance payments from customers - Current liability
7
. Commercial paper - Current liability
8
. Unused line of credit - Disclosure note only
9
. A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability
10
. A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only
