Answer:
tactical
Explanation:
According to my research on different types of business approaches, I can say that based on the information provided within the question this would be considered a tactical plan. This is when a company sets into motion specifically designed short term actions to accomplish a certain goal. Which is what the surfboard manufacturer is doing by hosting a series of surfboard competitions to increase it's brand awareness.
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Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
Answer:
Investment revenue = $91,000
Explanation:
the journal entry to record the dividends received would be:
Dr Cash 31,500
Cr Investment in Tetter Co. 31,500
the journal entry to record the reporting of the net income:
Dr Investment in Tetter Co. 91,000
Cr Investment revenue 91,000
When a company uses the equity method, any dividends received will decrease the carrying value of the investment, while any net income reported will be considered investment revenue.
The unit product cost is $50.
Variable costs per unit,
Manufacturing:
Direct materials $ 6
Direct labor $ 9
Variable manufacturing overhead $ 3
Variable selling and administrative $ 4
Fixed costs per year:
Fixed manufacturing overhead $ 300.000
Fixed selling and administrative $ 190.000.
During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.
Full Cost per unit: It is the sum of all the costs related to the production of a product. It comprises Variable Costs, Fixed Costs, Manufacturing costs Mixed Costs, etc. It is calculated by the sum of all the Costs related to the product by the number of units produced. Income statement: All companies in order to calculate net profit or net loss prepare an income statement. The income statement is one of the important financial statements.
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