Answer:
Date Explanation Debit Credit
January 1 Petty Cash $200
Cash $200
Explanation:
Step 1: Journal Entries to Establish the Fund on January 1
Date Explanation Debit Credit
January 1 Petty Cash $200
Cash $200
Being the establishment of petty cash fund
Step 2: Preparing Journal Entries to reimburse funds on January 8
Date Explanation Debit Credit
January 8 Postage $74
Transportation $29
Delivery $16
Miscellaneous $43
Cash $162
Being the reimbursement of Petty Cash Fund.
Petty Cash is usually a fund established by an organisation to take care of day to day expenses. At the end of a period or at the exhaustion of the fund, an account is given and then the amount spent is reimbursed.
Answer: Marketing Strategy
Explanation: Marketing strategies are additional benefit a business owner creates in its business to make it different from others in the same industry and to make prospective clients permanent customers.
Marketing strategies gives the business a better edge in its industry as it gives the business better sales.
Explanation:
A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.
To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.
The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.
The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.
Answer:
The answer is: A) When the marginal cost of producing an additional unit equals the marginal revenue from that unit.
Explanation:
In economics, we assume that a company´s main goal is to maximize its profit. In order for any company do to this, the marginal cost (MC) of producing an extra unit of production must equal the marginal revenue (MR) obtained by selling that extra unit of production.
Theoretically, in perfect market conditions, MR=MC in the equilibrium point between quantity supplied and quantity demanded. But on real world conditions elasticity of both demand and supply alter the curves.
NFT art differs from traditional art in that it is entirely digital and can only exist in digital wallets on a specific blockchain. An art print, on the other hand, is an image on paper that does not exist on the digital wallets.
<h3>What is NFT?</h3>
A non-fungible token (NFT) is a non-transferable data unit that may be sold and traded on a blockchain, which is a sort of digital ledger.
Cryptocurrencies and physical money are both "fungible," meaning they may be traded or exchanged for one another.
In fact, anyone can make an NFT and sell it on a marketplace for NFTs.
Thus, NFT is the digital wallets and art print is the non digital wallet
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