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trasher [3.6K]
3 years ago
15

American tourister, inc.--a producer of luggage--is planning to introduce a new product line. the marketing manager is having he

r sales force call on retailers to explain american tourister's consumer advertising plans, the unique features of the new luggage, how the distributors can best promote it, and what sales volume and profit margins they can reasonably expect. this is an example of: a "pulling" policy. intensive distribution. selective distribution. a "pushing" policy. exclusive distribution.
Business
1 answer:
AlexFokin [52]3 years ago
6 0
The answer is a pushing policy. A promotion policy intended at distribution centers to inspire their advertising of a product or service area to their customers. For instance, a pushing policy might be used by an manufacturing business to market to a distribution channel of traders and dealers to get their help in receiving their customers to buy its product.
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On January 1, 2020, Pearl Company makes the two following acquisitions.
Tpy6a [65]

Answer:

a) journal entry to record land purchase

January 1, 2020

Dr Land 360,000

Dr Discount on notes payable 246,621

    Cr Notes payable 606,621

journal entry to record purchase of equipment

January 1, 2020

Dr Equipment 444,725.96

Dr Discount on notes payable 115,274.04

    Cr Notes payable 560,000

present value of $560,000 using bank interest rate = $560,000 / 1.11⁸ = $242,998.84

annual interest payment = $560,000 x 7% = $39,200

PV of annuity = $39,200 x 5.1461 (PV annuity factor, 11%, 8 periods) = $201,727.12

total present value of notes payable = $242,998.84 + $201,727.12 = $444,725.96

discount on notes payable = $560,000 - $444,725.96 = $115,274.04

b) interest expense for the first notes payable (used to purchase land) = $360,000 x 11% = $39,600

December 31, 2021, accrued interest expense on notes payable 1

Dr Interest expense 39,600

    Cr Discount on notes payable 39,600

interest expense for the second note

interest expense = $444,725.96 x 11% = $48,919.86

cash paid = $560,000 x 7% = $39,200

discount on notes payable = $48,919.86 - $39,200 = $9,719.86

December 31, 2021, accrued interest expense on notes payable 2

Dr Interest expense 48,919.86

    Cr Cash (or interest payable) 39,200

    Cr Discount on notes payable 9,719.86

4 0
3 years ago
Price floors and ceiling prices both:
Murrr4er [49]

Answer:

The correct answer is letter "D": interfere with the rationing function of prices.

Explanation:

While talking about price floors and price ceiling, <em>the rationing function of prices</em> refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.

The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.

3 0
3 years ago
For many years Futura Company has purchased the starters that it installs in its standard line of farm tractors. Due to a reduct
ss7ja [257]
The real question is why do Flying Fish not choose to fly across the world into a nicer place? Like, if they can fly why don’t they go on holiday
8 0
3 years ago
Read 2 more answers
Does the manager of a licensed establishment need to obtain an rbs certification?.
Ivenika [448]

Answer:

Yes

Explanation:

Every establishment planning to serve alcohol should have a rbs certification.

8 0
2 years ago
He offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0
Alik [6]

If he offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. The expected value of the annual bonus amount will be: $3,700

First step

Expected value for Superior performance=$10,000×0.10

Expected value for Superior performance=$1,000

Expected value for Good performance=$6,000×0.20

Expected value for Good performance=$1,200

Expected value for Fair performance=$3,000×0.50

Expected value for Fair performance=$1,500

Expected value for Poor performance=$0×`1,500

Expected value for Poor performance=$0

Now let determine the total  expected value of the annual bonus amount

Expected value of annual bonus amount=$1,000+$1,200+$1,500+$0

Expected value of annual bonus amount=$3,700

Inconclusion if he offers an annual bonus of $10,000 for superior performance, $6,000 for good performance, $3,000 for fair performance, and $0 for poor performance. Based on prior records, he expects an employee to perform at superior, good, fair, and poor performance levels with probabilities 0.10, 0.20, 0.50, and 0.20, respectively. The expected value of the annual bonus amount will be: $3,700

Learn more here:

brainly.com/question/22845794

5 0
3 years ago
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