With prestige products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
A product is something that can be supplied to a market in order to satiate a customer's need or desire. In case of marketing, a product is an item or service which is made accessible for consumer utility in response to their demand. Products are also sometimes found in form of merchandise in the retail sector, or they are purchased as raw materials and then made into finished things in the manufacturing sector. The most common types of commodities are basic materials which includes metals or agricultural goods, but can also include anything that is readily available in the open market.
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Answer and Explanation:
The journal entry for issuance of the shares is as follows:
Cash Dr (5,000 × $15) $75,000
To Common stock(5,000 × $1) $5,000
To Additional paid in capital $70,000
(being the issuance of the shares is recorded)
Here the cash is debited as it increased the assets and credited the common stock and additional paid in capital as it increased the equity
Answer:
Contribution margin per unit= $80
Explanation:
Giving the following information:
Unitary selling price of video game consoles $400
Unit variable costs $320
<u>To calculate the unitary contribution margin, we need to use the following formula:</u>
Contribution margin= selling price - unitary variable cost
Contribution margin= 400 - 320
Contribution margin= $80
Answer:
Yes, she should buy
Explanation:
The cost price of the electronic games is $55 per unit.
The selling price is $89 per unit.
The margin is dollar = selling price - cost price
=$89- $55
=$34
As a percentage, the margin will be
=34/55 x 100
=61.82%
If her normal margin is 35%, then the offer is good for her.
$5,500
This is the maximum deductible contribution for people under 50 in 2016, 2017, and 2018 tax years. (For people 50 and over, the max deductible is $6,500)
