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3 years ago

Firms pay famous individuals to endorse their products because

Business

1 answer:

elena-s [515]3 years ago

8 0

Answer:

The correct answer is letter "A": apparently demand is affected not just by the number of people who use a product but also by the type of person that uses the product.

Explanation:

Demand is defined as the requests of good or services individuals make to satisfy their needs. Usually, demand is related to price while determining the fluctuations in the quantity demanded for a given product. However, price is not the only factor that impacts demand.

Consumer preferences, income, and expectations, advertisements, and the number of consumers in the market also determine the demand for commodities.

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A company uses the declining-balance method of calculating depreciation expense.On January 1, the company buys machinery for $75

elixir [45]

Answer:

Book value for the 3rd year = $ 750,000 - $366,000 = $ 384,000

Explanation:

Straight line rate= 100 % ÷ Useful Life = 100 ÷ 10= 10 %

Double Declining rate = 2 * Straight Line rate= 2 * 10= 20 %

Depreciation expense= Double declining balance rate * Beginning period book value

Depreciation expense for the first year = 20 % $ 750,000= $ 150,000

Book value for the first year = $ 750,000 - $ 150,000= $ 600,000

Depreciation expense for the 2nd year = 20 % $ 600,000= $ 120,000

Book value for the 2nd year = $ 750,000 - $ 270,000= $ 480,000

Depreciation expense for the 3rd year = 20 % $ 480,000= $ 96,000

Book value for the 3rd year = $ 750,000 - $366,000 = $ 384,000

5 0

3 years ago

Henderson's is an all-equity firm that has 135,000 shares of stock outstanding. Neal, the financial vice-president, is consideri

Volgvan

Answer:

The value of the firm is $1,485,000

Explanation:

For computing the value of the firm, first, we have to compute the price per share which equals to

= Borrowed amount ÷ repurchase shares

= $220,000 ÷ 20,000

= $11 per share

Now, the value of the firm should be computed. The formula is used which is shown below:

= Price per share × Number of outstanding shares

= $11 × 135,000 shares

= $1,485,000

Hence, the value of the firm is $1,485,000

4 0

3 years ago

Car dealer ben carte paid 97 percent of the base price of 22,567. he also paid 93 percent of options totaling 3,465. and a desti

lakkis [162]

Answer: im also working on my school work and i also need help i tried to work on that question im confused but i know that 22,567-97% is 677.01

3 0

3 years ago

What do investors use the income statements of organizations for?

Ivenika [448]

Answer:

Investors use income statements to determine the profitability of a company over time. ... This is the amount that a company would pay shareholders, per share, if the company paid out all of its net income as dividends.

Explanation:

5 0

3 years ago

Montclair Corporation had current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a d

siniylev [52]

Answer:

The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.

Explanation:

The distribution company distinguishes profit on the distribution, which is included in E&P netting of tax and decreases E&P by rhe lands fair market value fewer the liability believed by the shareholders.

Therefore, The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.

3 0

3 years ago