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Mekhanik [1.2K]
2 years ago
11

With the rapid industrialization and improved transportation of the 1880s, more product producers were chasing the growing purch

asing power of more consumers. As a result, they were forced to differentiate their products, resulting in the development oF____________.
Business
1 answer:
Elis [28]2 years ago
3 0

Answer: Brands

Explanation:

 The development of brands is one of the type of marketing method which strengthen our various types of products and the services in an organization.

The importance of the development of brand is that it helps in maintaining the quality, consistency of product, trust and value the customers requirement.

The following are the phase of the brand development are as follows:

  • Brand identity
  • Brand strategy
  • Brand management
  • Graphic design

According to the given question, due to the rapid industrialization the organization are basically forced for differentiating the given products and the services in the development of brands.

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A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha
bagirrra123 [75]

Answer:

See below

Explanation:

It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.

Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.

7 0
2 years ago
Cupid Co. manufactures dog toys. One of its most popular products, Bacon Ben, has the following costs to produce 1,000 units: $9
Gennadij [26K]

Answer:

3,520= direct labor

Explanation:

Giving the following information:

Bacon Ben, has the following costs to produce 1,000 units:

$9,600 direct materials

$1,920 in advertising costs

$960 plant manager salary

$640 salaries for factory maintenance

To calculate the direct labor cost we need to use the following formula:

Total manufactured cost= direct materials + direct labor + allocated manufacturing overhead

Total manufactured cost= 1,000*14.72= $14,720

Direct material=9,600

Overhead= plant manager salary + salaries for factory maintenance

Overhead= 960 + 640= 1,600

14,720= 9,600 + direct labor + 1,600

3,520= direct labor

8 0
3 years ago
When Free Trade Agreements are negotiated:___________
scZoUnD [109]

I inferred want to know more about free trade agreements.

<u>Explanation:</u>

Put simply, a <u>free trade agreement</u> occurs between two or more countries, in which the agreement removes barriers of trade (imports and exports) between the Countries.

For example, if country A sells shoes to country B, <em>under</em> a free trade agreement there will be no government tariffs imposed by country B on the goods imported from country A.

7 0
2 years ago
Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as
Alborosie
D. Debit work in process debit manufacturing overhead …..
8 0
2 years ago
Requirements
Stella [2.4K]

Journal entries:

Nov. 1, common stocks issued

Dr Cash 41,000

    Cr Common stock 41,000

Nov. 4, office supplies and furniture purchased

Dr Office supplies 1,200

Dr Furniture 2,300

    Cr Accounts payable 3,500

Nov. 6, service revenue

Dr Cash 2,100

    Cr Service revenue 2,100

Nov. 7, land purchased

Dr Land 27,000

    Cr Cash 27,000

Nov. 10, service revenue

Dr Accounts receivable 800

    Cr Service revenue 800

Nov. 14, payment of furniture

Dr Accounts payable 2,300

    Cr Cash 2,300

Nov. 15, wages expense

Dr Wages expense 1,470

    Cr Cash 1,470

Nov. 17, collection of accounts receivable

Dr Cash 500

    Cr Accounts receivable 500

Nov. 20, service revenue

Dr Accounts receivable 680

    Cr Service revenue 680

Nov. 25, received cash in advance

Dr Cash 1,900

    Cr Unearned revenue 1,900

Nov. 28, service revenue

Dr Cash 3,100

    Cr Service revenue 3,100

Nov. 29, purchase prepaid insurance

Dr Prepaid insurance 840

    Cr Cash 840

Nov. 30, wages expense

Dr Wages expense 1,470

    Cr Cash 1,470

Nov. 30, rent expense

Dr Rent expense 650

    Cr Cash 650

Nov. 30, utilities expense

Dr Utilities expense 650

    Cr Accounts payable 650

Nov. 30, dividends distributed

Dr Retained earnings 2,800

    Cr Dividends payable 2,800

Dr Dividends payable 2,800

    Cr Cash 2,800

Since there is not enough space here, I prepared an excel spreadsheet with the T-accounts.

In order to prepare a trial balance sheet, I must first prepare an Income Statement:

Service revenue              $6,680

Wages expense             ($2,940)

Rent expense                   ($650)

<u>Utilities expense              ($650)</u>

Net income:                    $2,440

Retained earnings = $2,440 (net income) - $2,800 (dividends) = ($360)

        STEWART CO.

     BALANCE SHEET

       NOV. 30, 2018

Assets:

Cash $12,070

Accounts receivable $980

Prepaid insurance $840

Office supplies $1,200

Furniture $2,300

Land $27,000

Total assets: $44,390

Liabilities and stockholders' Equity:

Accounts payable $1,850

Unearned revenue $1,900

Common stock $41,000

Retained earnings ($360)

Total liabilities and stockholders' equity: $44,390

Download pdf
8 0
3 years ago
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