The impact of a retail shopfitting strategy is that it ensures that the retail store attracts and engages the customers.
<h3>What is retail shopfitting?</h3>
Retail shopfitting is the use of colors, displays, and various fittings as a strategic business move and attractively fitting the retail shop, ensuring:
- Increased visual impact
- Customers find your store
- Increased customer sales
- The communication of retail brand
- Improved business performance and profitability.
Thus, the impact of a retail shopfitting strategy is that it ensures that the retail store attracts and engages the customers.
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When overhead is underapplied, a debit must be made to the Manufacturing overhead account to close it out. The direct labor costs that incurrence of direct labor costs should be recorded by debiting Work in process account.)
<h3>
What is direct labor costs?</h3>
- The wages or salaries paid to workers who actually generate goods are referred to as direct labor costs. In other words, these costs represent what employers pay to employees who produce the goods that businesses sell.
- Direct labor and direct labor costs have a slight distinction. The actual job that employees perform to create items is referred to as labor. The sum of money the employer pays the workers to do the work is referred to as labor costs.
- It is possible to track down and assign direct labor costs to certain products. A direct laborer would be someone who welds all of the bicycle frames that leave the Schwinn factory, for instance. The frames he helps build can be directly linked to his efforts. As a result, the bike frames can also be held responsible for the expenses related to his job, such as wages, salary, and benefits.
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Answer:
The correct answer is the option B: False.
Explanation:
To begin with, given the fact that the economic growth of the United States is greater than the economic growth rates of its trading partners then the trade deficit in the US should get smaller, all else constant due to the fact that the economy is growing at a level that is higher than does of the partners and therefore that when that happens the country will be in a better position and the production of it will increase as expected and that will impact positively in the deficit by reducing it to small amounts.
Answer:
This is an example of product mix because it represents all of the company's product lines put together :)
Answer:
The annual rent is $42,620
Explanation:
The computation of annual rent is shown below:
= Annual rent + (rate × gross sales)
where,
The annual rent is
= Monthly rent × total number of months in a year
= $2,800 × 12
= $33,600
The rate is 4%
The excess gross sales is computed by
= Annual gross sales - gross sales
= $725,500 - $500,000
= $225,500
Now put these values to the above formula
So, the answer would be equal to
= $33,600 + (4% × $225,500)
= $33,600 + $9,020
= $42,620
Hence, the annual rent is $42,620
