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3 years ago

The top global advertising firms have had a lot of mergers in recent years. why?

1 answer:

5 0

This is because of the rampant advertising activities that can be done through social media and other platforms related to the internet and the global network. The world has become too small already because of the presence of technology in the form of internet connection. The need for advertising firms is no longer that high because with just a click of a button you can already create your own advertising material and reach as many people as you can. This is the reason why a lot of top global advertising firms have seen a lot of mergers in the recent years of advertising.

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Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to c

madam [21]

Answer:

a. Accounts Receivable (Dr.) $93,000

Bonus Receivable (Dr.) $2,325

Service Revenue (Cr.) $95,325

b. Service Revenue (Dr.) $9,300

Bonus receivable (Cr.) $9,300

c. Accounts Receivable (Dr.) $93,775

Bonus Receivable (Dr.) $775

Service Revenue (Cr.) $93,000

d. Cash (Dr.) $29,000

Bonus Receivable (Cr.) $29,000

Explanation:

The contract between Burger Boy and Velocity is for eight months.

Expected value of the contract on 1st month is :

80% * [ $93,000 * 8 months + $31,000 ] + 20% [ $93,000 * 8 months - $31,000] = $762,600

The expected value per month is $762,600 / 8 months = $95,325 per month

Expected value of the contract 5th month with revised probability is :

60% * [ $93,000 * 8 months + $31,000 ] + 40% [ $93,000 * 8 months - $31,000] = $750,200

The expected value per month is $750,200 / 8 months = $93,775 per month.

5 0

3 years ago

A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar increase in the daily rate, 6 fewe

9966 [12]

The cars should be rented at $34 per day for a maximum income of $6268 per day.

If the daily rental is increased by $x

Then

Rental: R(x)=(28+x)dollars per car-day

Number of cars rented:

N(x) = (220−6x) and Income: I(x) = (28+x) (220−6x) = 6,610 + 52x−5 $x^{2}$ dollars/day.

The maximum will be achieved when the derivative of I (x) is zero.

$\frac{dI(x)}{dx}$ = 52−10x = 0

⇒ x = 5.2

For an even dollar rental amount, and increase of $5/day or $6/day will generate the same income.

$28+$5 = $33/day

$28+$6 = $34/day

would both be valid answers.

However, $34/day involves renting fewer cars and thus reduced expenses.

Using basic substitution and arithmetic

I(4) = $6,268

<h3>What is Maximum revenue ?</h3>

Maximum revenue is defined as the total maximum amount of revenue of product or service can yield at maximum demand and price.

To calculate maximum revenue, determine the revenue function and then find its maximum value. Write a formula where p equals price and q equals demand, in the number of units.

Learn more about Maximum revenue on:

brainly.com/question/13780508

#SPJ4

3 0

2 years ago

Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.

Kitty [74]

Answer:

$4,373

Explanation:

we will check lower of cost or market for individual items:

Minolta :

= Market value per unit × No. of units

= 158 × 5

= $790

Canon :

= Cost per unit × No. of units

= 145 x 7

= $1,015

Vivitar:

= Market value per unit × No. of units

= 114 x 12

= $1,368

Kodak:

= Cost per unit × No. of units

= 120 x 10

= $1,200

Total amount should be reported on Brik Camera Shop's financial statements:

= $790 + $1,015 + $1,368 + $1,200

= $4,373

4 0

3 years ago

On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding:• Common stock, no par,

Pavel [41]

Answer:

Common Stock 5,000

Additional paid-in Common stock 70,000

Preferred Stock 15,000

Additional paid-in Preferred stock 22,500

Explanation:

For the common and preferred stock accounts, we multiply the shares outstanding by the face value.

The additional paid-in will be the difference between the par value and the market price of the share at issuance.

Common stock

5,000 issued shares x $ 1 par value = 5,000

Additional paid-in

15 - 1 = 14 additional paid-in per share

5,000 shares x 14 = 70,000

Preferred stock

1,500 issued shares x $ 10 par value = 15,000

Additional paid-on

25 - 10 = 15 additional per share

1,500 x 15 = 22,500

3 0

3 years ago

Benoit company produces three products—a, b, and

Lana71 [14]

My answer is: Produce Product C first, then followed by Product A. to maximize contribution margin. Product B will not be produced since the maximum number of pounds has already been used in producing Products C and A.

 PER UNIT
 PRODUCT A B C
 SELLING PRICE 80 62 81
 VARIABLE EXPENSES
 DIRECT MATERIALS 24 18 9
 OTHER VAR EXP. 24 25.4 43.65
 TOTAL VAR EXP 48 43.4 52.65
 CONTRIBUTION MARGIN 32 18.6 28.35
 CM RATIO 0.4 0.3 0.35
 
COMPANY CAN SELL 800 UNITS OF EACH PRODUCT PER MONTH.
 SAME RAW MATERIAL IS USED IN EACH PRODUCT.
 MATERIAL COSTS 3 PER POUND W/ A MAX OF 5,000 POUNDS EACH MONTH
 
PRODUCT DM UNIT COST NO. OF LBS
 A 24 3 8
 B 18 3 6
 C 9 3 3
 PRODUCT NO. OF LBS/UNIT MAX UNITS TOTAL NO. OF LBS
 A 8 800 6400
 B 6 800 4800
 C 3 800 2400
 TOTAL 13600
 LIMITATION: 5,000 POUNDS PER MONTH ONLY.

 required: 
 1. calculate the contribution margin per pound of the constraining resource for each product. 
 2. which orders would you advise the company to accept first, those for a, b, or c? which orders second? third?
 
PLS. SEE ATTACHMENTS FOR MY FULL COMPUTATIONS.

5 0

3 years ago