Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
Accumulated Depreciation - Equipment A/c $12,494
To Equipment A/c $40,606
To Gain on Disposal of Equipment $1,888
(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)
The computation is shown below:
= $30,000 + $12,494 - $40,606
= $1,888
Answer:
Most flexible.
Explanation:
Price is considered to be the variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
In Marketing, price can be defined as the amount or value that is being exchanged usually money, in order to acquire goods in a business transaction.
Answer:
-0.10
Explanation:
To calculate this, we us the formula for calculating elasticity of demand (E) relevant for the demand equation as follow:
E = (P / Q) * (dQ / dP) .............................. (1)
Where,
Q = 30
P = 90
E = -0.3
dQ / dP = b = ?
We then substitute all the value into equation (1) and have:
-0.3 = (90 / 30) * b
-0.3 = 3 * b
b = -0.3 /3
b = -0.10
Therefore, appropriate value for the price coefficient (b) in a linear demand function Q is -0.10.
NB:
Although this not part of the question, but note that how the linear demand function will look can be obtained by first solving for the constant term (a) as follows:
Q = a - 0.10P
Substituting for Q and P, we can solve for a as follows:
30 = a – (0.1 * 90)
30 = a – 9
a = 30 + 9 = 39
Therefore, the linear demand equation can be stated as follows:
Q = 39 – 0.1P
Answer:
The answer is a the interest rate to fall as there is currently a surplus of loanable funds.
Explanation:
Investors who wish to borrow $100 million represent quantity of money demand and savers who wish to save $125 million. There is surplus of loanable funds SS > DD = $125 million > $100 million
Answer:
The correct answer is letter "C": similar; differentiated strategy.
Explanation:
The advertisement of a product can be shaped according to the region where the good or service will be offered whereas, in some other cases, changes in marketing can be minimal or null. In such scenarios, the standardization approach uses the same marketing method for every country where the company has a presence. This will only work if consumers worldwide have similar needs and preferences.
The differentiated strategy, instead, links customers' expectations, patterns, and cultures with the marketing processes of the firm. This approach aims to give a tailored good or service to different consumers and is mostly used.
