The marketing mix, also known as the four p's of marketing, consists of product, price, promotion, and place. They are the main essential elements in the marketing mix, which implies in the strategic formation of the company.
<h3>What is marketing mix?</h3>
Marketing mix is the strategy in the initial state of introducing the product. The company do the study about the product which they are going to launch before introducing it into the market.
They have four main elements of the marketing mix that are product is that which is going to launch, price consist of the price of the product in the initial stage, place consist of the place where the product is going to launch, and promotion is the technique of advertising the product's and features.
Thus, it is place.
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Answer:
(a) $2.80; 3.40
(b) $1,400,000; $1,700,000
Explanation:
(a) Standards are stated as a per unit amount.
Therefore,
standard materials:
= Total estimated cost for materials ÷ Estimated production of Product X
= $1,400,000 ÷ 500,000
= $2.80
Standard labor:
= = Total estimated cost for labor ÷ Estimated production of Product X
= $1,700,000 ÷ 500,000
= $3.40
(b) Budgets are stated as a total amount.
Thus, the budgeted costs for the year are materials $1,400,000 and labor $1,700,000.
Answer:
Explanation: Stanley cleaning services unlike Fowler landscaping had to recorded a larger adjusting to their Allowance for doubtful accounts for year ending 2017 due to a higher percentage of bad debts recorded for the year that had to be written off
The first one is False and the second one is B
HOPE IT HALPS :DDDDDD
Answer:
Debit Allowance for Doubtful Accounts $2,300; credit Accounts Receivable $2,300
Explanation:
The journal entry is shown below:
Allowance for Doubtful Accounts A/c Dr $2,300
To Accounts Receivable A/c $2,300
(Being the written-off amount is recorded)
Since we have to record this journal entry so we debited the Allowance for Doubtful Accounts A/c and credited the account receivable account so that the correct posting can be done.