Answer:
(d) a change from the production of golf carts to motorcycles
Explanation:
In the long run, a manufacturing entity should be considering options that will increase their profitability. To be more profitable , the firm must increase its output and its market share. A firm manufacturing golf carts should diversify into sectors that provide broader markets.
From the option provided, a firm manufacturing golf carts is most likely adjust to the production of motorcycles in the long run. Golf carts are used in golf clubs only to transport golfers and their equipment. They have a restricted market, unlike motorcycles, which can be used by a bigger percentage of the population. Adjusting to motorcycles presents an opportunity for potential growth in market share and profitability.
Answer:
debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable.
Explanation:
In accounting the allowance method is used to recognise and post portions of account recievable that is uncollectible. It involves an adjusting entry that changes the balance sheet figure for account receivable.
For example in the given instance a customer balance of $200, from Hollis Co., is uncollectible. The allowance method is used to pass the following entry:
debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable of $200
Answer:
Multisegment approach
Explanation:
Multi segment approach refers to a marketing strategy where a firm provides distinct offerings to different segments of it's target market. Every of the market segment is treated differently with regards to it's offerings and benefits to each market segment.
Answer:
Equipment and properties one plans to use over a long period of time
Explanation:
Fixed asset or non - current asset are also referred to as capital assets. They include those assets of a firm which cannot be consumed or converted into cash with a year. Usually fixed assets forms part of a firms operational equipment or asset. Fixed assets include ; machineries such as powering plants and operational machines and equipments. In general, properties, plants and equipments owned by an organization or business constitutes its fixed or capital assets.