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ivanzaharov [21]
3 years ago
5

Colin McKinney, director of marketing for Greenwald Industrial Products, complains to his advertising director that the continui

ng slump in orders has apparently been perpetuated by the firm's failure to have the necessary advertising expenditures. Based on this information, Greenwald is most likely using the ____ approach to determine its advertising expenditures.
Business
1 answer:
sladkih [1.3K]3 years ago
6 0

Answer:

Percent of sales.

Explanation:

Percentage of sales approach leads to a peculiar selection. It increases advertising expenditures when business is good, and reduces them when sales are poor.

There are two steps  to do the budgeting:

Step 1: past advertising dollars/past sales = % of sales.

Step 2: % of sales X next year’s sales forecast = new advertising budget.

In most cases, it would be reasonable to expect that the reverse should be true if we are to accept the basic definitions of advertising and its sales values.

It is based on the erroneous assumption that "sales cause advertising" whereas the reality is just the opposite (advertising causes sales) .

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In a process costing system, with the exception of the first department, each department receives output from the prior departme
Eduardwww [97]

Process Costing system involved several processes or departments under which the next department receives partially completed product from the previous department. The first department receives the raw material and it does not receive any output from other department.  

Hence except the first department, each department receives output from the prior department as a partially processed product.

Hence the answer is <u>True.</u>



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3 years ago
at meta, we seek to offer products and services truly designed for all. how will your lived experiences (educational, profession
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2 years ago
I got 1000 point \<br> now I got 990 lol
laiz [17]

Answer:

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Explanation:

7 0
2 years ago
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Rick Palmer received a $2,500 raise this year. This increased his salary as an associate TV producer from $45,000 to $47,500. Wh
PilotLPTM [1.2K]

Answer: Rick had a 5.55%  nominal salary Increase.

Explanation:  In Finances & Economics , Nominal value is measured in terms of money . This means that the value has not been adjusted against inflation and will only show the "Number Value" rather than the economic value which is how much purchase power this salary increase really means.

The formula to calculate the % for this nominal increase is : (Final Value - Initial Value) / Initial Value * 100 ==>> ($47500-$45000)/$45000 = 0.55 *100 ===> 5.5%

4 0
3 years ago
Xminus−Industries manufactures 3minus−D printers. For each​ unit, $ 3 comma 200$3,200 of direct material is used and there is $
madreJ [45]

Answer:

Profit= $106,682.52

Explanation:

Giving the following information:

Unitary Variable costs:

Direct material= 3,200

Direct labor= $2,300 ($15 per hour)= 153.33 hours

Manufacturing overhead is applied at $18 per direct labor hour.

Units sold= 42

Selling price= $10,800

Profit= Total sales - total variable cost

Profit= 42*10,800 - (3,200 + 2300 + 18*153.33)*42= $106,682.52

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3 years ago
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