Answer:
Explanation:
Debit $ Credit$
a. Cash 3000000
Sales revennue (500*6000) 3000000
Warranty expenses 55000
Estimated warranty liability 55000
Estimated warranty liability 20000
Cash account 20000
b. Cash account 3000000
Sales revenue (500*6000- 56000) 2944000
Unearned warranty revenue 56000
Warranty expenses 20000
Cash account 20000
Unearned warranty revenue 20364
Warranty revenue (56000*20000/55000) 20364
Answer:Price elasticity of demand = -0.05
Explanation:
Price elasticity of demand using the midpoint method= 
where Q =Quantity demanded
P = Price
Price elasticity of demand = (
= 
0.025/ -0.05 = -0.05
Price elasticity of demand = -0.05
The Price elasticity of demand tells us how much quantity demanded changes in response to a change in price. Here the Demand for a good is inelastic because the PED coefficient is less than one -0.05
Answer:
False
Explanation:
The capacity utilization rate is found by dividing used capacity by the total capacity operating level.
Since services cannot be stocked, the ideal scenario would be to operate at full capacity every single day, but that is not possible. I'm not sure if there is any service company in the world that operates at full capacity all the time, not even Magic Kingdom or Disneyland.
But that doesn't mean that it is always bad to operate at low capacity levels, since every service company must regularly perform maintenance operations, e.g. a hotel must be painted and other repairs must be made.
Also, many services are seasonal, e.g. you do not sky all year long, only during winter, and the opposite applies to the beaches and other parks.
Answer: C.one product and multiple market segments.
Explanation:
Sporting News Baseball Yearbook is using the One Product and Multiple Market Segments marketing strategy.
By using the SAME story but putting a DIFFERENT star in each cover to cater for DIFFERENT segments across the nation, they are hoping to Target multiple segments with the same product.
This Marketing strategy boosts sales while keeping Differentiation costs at a minimum because the product need not be differentiated to cater for different segments, only the market strategy needs to.
