Answer:
The correct answer is letter "D": but sustaining a competitive advantage is challenging.
Explanation:
An advantage a company has over its rivals is a competitive advantage. Essentially a competitive advantage is what helps a business to gain income by increasing sales or margins. However, sustaining a competitive advantage with information systems is difficult because of the rapidly changing environment that is inherent to technology. Competitive advantages in that industry have a short life cycle.
Answer:
See explanation section
Explanation:
Journal entry to be recorded -
<em>Debit Warranty expense $8,000</em>
<em>Credit Estimated warranty liability $8,000</em>
Calculation:
Net sales = $400,000
warranty expenses = 2% of the net selling price.
Therefore, estimated warranty expense = $400,000 × 2% = $8,000
Since, the company does not pay the expenses, a liability arises. Since we are estimating the value from past experience, the liability will be estimated.
A Business product <span>is used to manufacture other goods or services, to facilitate an organization's operations, or to resell to other customers.
One example of a business product is timber. Timber is a type of product that would be needed as a materials for the product in various industries and it can be sold to other companies such as a furniture company, a paper company, a clothing company, etc.</span>
Answer: Pulsing
Explanation:
Campbell's soup are making use of pulsing advertising strategy, where businesses which offer products affected by seasonal sales vary their advertising intensity: from low-level advertising at a low sale season to high level advertising at a season of expected higher sales.
Answer:
$212,000
Explanation:
Calculation to determine the total amount that should be debited to Patents through July 31, 2017
Using this formula
Total amount debited to Patents=Legal fees for patent+Legal fees in a successful defense of patent
Let plug in the formula
Total amount debited to Patents=$150,000+$62,000
Total amount debited to Patents=$212,000
Therefore the total amount that should be debited to Patents through July 31, 2017 is $212,000
