Answer:
Competitive advertising.
Explanation:
Competitive advertising is used to create difference in product sold by itself and product sold or manufactured by other competitor in the Market. It helps to influence consumer´s choice in buying the product. It also help the firm to gain maximum market share as other are new in the marketplace.
Competitive advertising are done on the basis of product´s quality, price, ingredient, benefit of product, etc.
As firm´s product is already in growth phase of life cycle and other company is just entering the marketplace, so firm can use competitive advertising to influence consumer´ s buying choice and can gain more market share.
<u>Journal entry to show the allocation of under applied or over applied overhead for the year:</u>
It is given that the company allocates any under applied or over applied overhead to work in process, finished goods, and cost of goods sold on the basis of the amount of overhead applied during the year that remains in each account at the end of the year. The amounts are given $90,336 for work in process, $316,176 for finished goods, and $722,688 for cost of goods sold. Assuming that these amounts are under applied overhead, and then the Journal entry to record the allocation of under applied overhead for the year shall be as follows:
Work in Process inventory Debit $90,336
Finished Goods Inventory Debit $316,176
Cost of Goods Sold Debit $ 722,688
Manufacturing Overhead Credit $ 1,129,200
(Being under applied overhead adjusted)
The answer to this question is <span>Taxes paid and purchases made by the employees they support will allow all those things above
When a company pay their tax and give enough salary to their employees, the wealth will be distributed to the whole nation and will help the nation's economy to develop (the money that employees spent with their salary will be received by other members of society)</span>
We have:
Initial cost (PV) = 63800
Annual cash flow (Pmt) = 16580
N = 6
Since the cash flows are conventional in nature, we can use the following formula to calculate the IRR:
PV = Pmt x PVIFA(N, R)
63800 = 16,580 x PVIFA (6, R)
PVIFA (6, R) = 3.84800965
Solving for R using PV of annuity table, we get R= 9.4162%
Therefore, Internal rate of return would be 9.4162%.
