The first and foremost advantage of using Value based Pricing is the increased value of the brand. The high price of products makes people think that the product is of superior quality. Thus, the value of brand increases in the eyes of customers.
Value based Pricing helps in increasing the profits of the company. If your customers value your product and are willing to buy it at any price, then you have the opportunity to charge a high price for the product, and in this way, you can generate higher profit by selling the same units of products.
Companies ask their customers about their requirements and willingness to pay the price for the product. When you consider the opinion of your customers and create products to satisfy their needs, then they also feel loyal to your company.
Value based Pricing gives you a rough idea of the demand for your product in the market. You will know the approximate number of customers who can afford your product and are willing to pay high prices to buy your product. Having the idea of the demand for a product in the market helps a business to create supply accordingly.
Answer: Allowance for the doubtful accounts with a credit balance of $29,600
Explanation:
From the information that is provided in the question, the following can be deduced and the year-end financial statements should show:
Allowance for the doubtful accounts with a credit balance will be calculated as: the beginning allowance for the doubtful accounts + (the sales × Provision % ) - accounts receivable that were written off.
= $3,500 + ($1,110,000 × 3%) - $7,200
= $3500 + $33300 - $7200
= $36800 - $7200
= $29,600
Answer:
E) culture.
Explanation:
Culture is a very broad term that describes how the people that live in a country, region or even work at an organization, carry out their normal day to day activities, their shared values and beliefs, their preferences about what is considered good and useful vs. what they consider unacceptable and bad. It includes the general values, attitudes, moral beliefs and customs shared by them.
Firstly, Loan A has a lower interest rate (0.25% lower) and therefore the interest payed is lower ($209.49 cheaper) and of course the total paid is lower for Loan A.
The benefit of Loan B is the term of payment is longer and the monthly repayments are lower. This could be good for someone working minimum wage due to having a low income.
In conclusion, I think Loan A would be better due to the interest being lower which is always a plus for loans.
Answer:
The answer is: A) post hoc, ergo propter hoc fallacy.
Explanation:
Post hoc ergo propter hoc is a Latin phrase that means: "after this, therefore because of this". This phrase is a type of informal fallacy (an argument whose stated premises fail to support their proposed conclusion).
It states that if something happened (e.g. I fell and broke my nose) after something else (e.g. I was using my cellphone), the resulting event was caused by the previous event (e.g. I fell and broke my nose because I was using my cellphone).