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grandymaker [24]
3 years ago
8

Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due t

o his extensive experience and legal background, he believes that his fees should not relate directly to the time or effort spent on specific cases. Now that Malcolm has chosen the pricing strategy he wants to use, what is his next step?
a. evaluating competitors' prices
b. choosing a basis for setting prices
c. determining the final price
d. assessing the target market's evaluation of price
e. developing pricing objectives
Business
1 answer:
AnnyKZ [126]3 years ago
5 0

Answer:

After Malcolm has chosen the pricing strategy he wants to use, the next step would be c. determining the final price.

Explanation:

Malcom would have to determine a specific price for cases, and this final price is not dependant on the amount of time spent on each cases or the magnitude of the case.

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a. Annually equal instalment = Principal x rate x ( (1+rate)n / (1+rate)n -1 )

Explanation:

Accrding to the following formula, we calculate the anually equal instalment.

So, instalment = 56000 x 0.10 x ( (1.10)8 / (1.10)8 -1) = $10496.86498 ~ $10496.86

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A _______ can illustrate your achievements that are difficult to display in a cover letter or resume.
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Answer: portfolio

Explanation:

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ason owns a small landscaping business called GreenScapes. When buying a new pickup truck for his landscaping business, Jason ne
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Answer: reciprocity

                       

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4 0
3 years ago
The manager of a retail store notices that 7% of the inventory is missing. She doesn’t know if the merchandise was stolen, lost,
hodyreva [135]

Answer:

<u>(D) ​inventory obsolescence</u>

Explanation:

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8 0
3 years ago
1. B. Journalize the transactions for May, starting on Page 20 of the journal.*
jeyben [28]

Answer:

Rent Expense (Dr.) $5,000

Cash (Cr.) $5,000

Inventory (Dr.) $35,380

Accounts Payable Martin Co. (Cr.) $35,380

Accounts Receivable Korman Co. (Dr.) $62,000

Sales (Cr.) $62,000

Cost of Goods Sold (Dr.) $48,500

Inventory (Cr.) $48,500

Explanation:

Advertising Expense (Dr.) $21,800

Cash (Cr.) $ 21,800

Cash (Dr.) $62,000

Accounts Receivable Korman Co. (Cr.) $62,000

Customer Refund Payable (Dr.) $31,500

Cash (Cr.) $31,500

Sales Salaries Expense (Dr.) $12,000

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Cash (Cr.) $50,000

Store Supplies Expense (Dr.) $2,200

Cash (Cr.) $2,200

8 0
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