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labwork [276]
3 years ago
11

Tony wanted to buy a pair of​ binoculars, but not just any brand. He wanted to buy a pair of Steiner​ Nighthunters, just like th

e pair he had learned about in his newest copy of ​Peter's Hunt Magazine. He had to visit five different sporting goods stores before he found this brand. For​ Tony, the Steiner Nighthunter is an example of​ a(n) ________.
Business
1 answer:
Scrat [10]3 years ago
6 0

Answer: Specialty product

Explanation: Specialty product can be defined as those products which have particularly unique identifications or brand names for which the consumers are willing to make more purchasing effort. In this case tony wants a pair of steiner nighthunters because it was branded by peter hunts maganize which is followed by tony, thus, steiner nighthunters is a specialty product for tony.

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1. Suppose two types of firms wish to borrow in the bond market. Firms of type A are in good financial health and are relatively
Olin [163]

Answer:

Type A is 7%, type b is 11%

Explanation:

We have these two firm's as type a and type b

For type A

Interest would be = risk Free rate of 2% + risk free rate of 5% = 7%

For type B

= Risk free rate of 5% + risk free rate of 6% = 11%

I would use the average of this two 9% as interest but this is not going to work for type A because this interest rate is too high. People won't want to pay this much.

8 0
2 years ago
When an account previously written off is collected in full, which is required to ensure the accounting for the complete payment
Lyrx [107]

When a bad debt is written off, the thing that should be fine is an entry to reinstate the account receivable and and entry to record payment.

<h3>What is a bad debt?</h3>

A bad debt simply means an uncollectible account expense that's unlikely to be paid by a debtor.

When an account previously written off is collected in full, to ensure the accounting for the complete payment history of the customer, it's important to reinstate the account receivable and and entry to record payment.

Learn more about bad debt on:

brainly.com/question/24871617

4 0
3 years ago
For the U.S. soft drink market, of the 300 million people in the U.S., 80% of the population is the maximum number of consuming
neonofarm [45]

Answer:

Annual market potential = $85,848 millions

Explanation:

The annual market potential is the expected sales value for the soft drink product  for a year should the maximum number of potential consumers purchase the product at the average price.

Annual market potential = Average price × No of consuming unit × consumption rate per annum

Maximum number of consuming unit = 80%× 300 million =240 million

Consumption rate per buyer per annum = 365

Average price = $0.98

Annual market potential ($) = 0.98× 240× 365 =$85,848 millions

Annual market potential = $85,848 millions

6 0
3 years ago
Which three activities are part of the function of accounting?
IgorC [24]

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

4 0
3 years ago
On July 1, 2019, Pharoah Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $16,000 salva
Fantom [35]

Answer:

journal entry to record depreciation on December 31, 2019 is

Debit Depreciation $8,000

Credit Accumulated Depreciation $8,000

journal entry to record depreciation on December 31, 2022.

Debit Depreciation $5,000

Credit Accumulated Depreciation $5,000

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset

Mathematically,  

Depreciation = (Cost - Salvage value)/Estimated useful life

Annual depreciation = (80000 - 16000)/8

= $8,000

Between July 1, 2019 and January 1 , 2022 is 2.5 years

Carrying amount of asset = $80,000 - 2.5($8,000)

= $60,000

If the company estimated the remaining useful life to be 10 years beyond December 31, 2022 and the salvage value is estimated to be $5,000, then

Depreciation = ($60,000 - $5,000)/11

= $5,000

8 0
3 years ago
Read 2 more answers
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