Answer: Publicity
Explanation:
From the question, we are told that a small agrichemical laboratory with a very small marketing budget develops a seed that produces grass, which grows two-inches high and no higher.
Since the laboratory has a small marketing budget, the promotional element it can use to let others know about its discovery will be publicity.
Through publicity, the company can give out vital information about its new discovery. By doing this, the public will be aware of the innovation. Publicity is a marketing and promotion component.
Answer:
Explanation:
External financing needed =
(1.10×$12,470) - (1.10× $1330)- $3200-$4600 - ($2,840+($45×1.10)=$616. 36.
The need for external financing is intermediate.
Answer:
b. Cost of Goods Sold, Work-in-Process Inventory, and Finished-Goods Inventory.
Explanation:
Whenever manufacturing overheads are prorated and under-applied or over-applied, then they are charged to inventory or cost which includes overheads as part of it.
As for instance, raw material inventory do not include any overheads, it is just the purchase price of inventory, as no work is performed on it.
Cost of goods sold, includes all the cost incurred to sale the good, from acquiring raw material to converting finished goods, and then adding the sales expense the goods are sold.
Finished goods include every material and overhead to convert the item into finished state and usable state.
Work in process is half way completed, or the percentage prescribed and includes raw material, includes overheads, but the product is somewhere more than raw inventory and less than finished good.
Therefore, correct option is:
b.
Answer:
1. Dr Cash 665
Cr Advance from customer 665
2. Dr Cash 685
Cr Other income 685
3. Dr cash 18675
Cr Account receivable 18675
4. Dr Account receivable 9600
Cr Sales revenue 9600
5. Dr Cash 8000
Cr Account receivable 8000
6.Dr Utility expense 395
Utility expense payable 395
7. Dr Supplies 1255
Cr Accounts payable 1255
8. Dr Accounts payable 2600
Cr Cash 2600
9.Dr Salaries and wages expense 12200
Cr Cash 12200
Explanation:
Answer: False
Explanation:
Being able to determine the effect on price would have to be circumstantial
