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
zavuch27 [327]
3 years ago
5

Steve owns a store that caters primarily to men and their hobbies. He is contemplating greatly expanding the hunting and fishing

section of the store. If he does this, he expects his fishing and hunting sales will increase, his camping gear sales will increase, and his model train sales will decrease. Which of the following should Steve include in his revenue projection for the expansion project?
I. increase in fishing and hunting sales
II. increase in camping gear sales
III. decrease in model train sales

A. I only
B. II only
C. I and III only
D. II and III only
E.I, II, and III
Business
1 answer:
fredd [130]3 years ago
7 0

Answer:

E) I, II, and III

Explanation:

It is a simple question that needs to take into account all the revenue generating activities and as such all the activities that is, the increased sale of fishing and hunting, the increased sale of camping gear and the reduced sales of model train need to be analyzed. This is because we are computing the net revenue effect of this business decision and in projections anything that increases the revenue or decreases the revenue need to be ascertained to make this projection a worthwhile decision information.

Hope this helps.

You might be interested in
Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts
White raven [17]

Answer:

$14,300

Explanation:

Based on the information given we were told that the​ management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance​ sheet.

5 0
3 years ago
If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.
solmaris [256]

For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

<h3>Why is the relationship between demand and price of prestige products direct?</h3>

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

An example of a prestige product is an old car.

Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

Learn more about the demand for prestige products at brainly.com/question/6374886

3 0
2 years ago
ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80%
Rama09 [41]

Answer:

$35,000

Explanation:

Given that

Insurance = $700,000

Sustained cost = $40,000

Replacement cost = $1,000,000

Policy = 80%

The computation of amount eligible for payment is as shown below:-

Insurance required = Cost of building × Co insurance

=$1,000,000 × 0.80

= $800,000

The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss

= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)

= $700,000 ÷ $800,000 × $40,000

= 0.875 × $35,000

= $35,000

3 0
3 years ago
Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account bala
Radda [10]

Answer: <em><u>Cash to be distributed to  Harding = $ 17000,  Jones = $ 3000 </u></em>

Explanation:

It has been indicated that the ($9,000) deficit will be covered with a forthcoming contribution

∴ The Remaining Capital Balance is = (24000 + 24000) = $48000

∵Total cash Available = $20000

Loss = 48000 - 20000 =  $ 28000

Loss will be shared between Harding & Jones in ratio = 16:48

∴  Harding Capital balance = \frac{(24000 - 28000)\times16}{16+48} = $ 17000

∴ Jones Capital balance =  \frac{(24000 - 28000)\times48}{16+48} = $ 3000

Cash will be Distributed in their capital balance ratio

Therefore,

<u><em>Cash to be distributed to  Harding = $ 17000,  Jones = $ 3000 </em></u>

7 0
3 years ago
Who determines Brand value?
vova2212 [387]

Answer:

brand marketers is your answer

7 0
3 years ago
Other questions:
  • The new bridge would require 14 piers to support it and it was known that each time a pier is sunk into the harbor it would take
    5·1 answer
  • What are the trade-offs in a retailer's deciding how much to emphasize private brands rather than manufacturer's brands?
    11·1 answer
  • ​________ is/are an element of the vulnerability phase in retailing.
    11·1 answer
  • Which of the following measures how the level of well-being in a country has changed over time? a. level of nominal GDP per pers
    7·1 answer
  • A purchaser of the assets of a business must allocate the purchase price to the individual assets in accordance with the written
    8·1 answer
  • Max's Kennels spent $220,000 to refurbish its current facility. The firm borrowed 60 percent of the refurbishment cost at 5.95 p
    13·1 answer
  • Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
    7·1 answer
  • Which of the following describes the mission of an organization? a. Who are we? Who will we become? b. What do we stand for and
    11·1 answer
  • Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. At year-end
    14·1 answer
  • Presented below are various receivable transactions entered into by Beran Tool Company. Indicate whether the receivables are rep
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!