Answer:
There are basically four tools of promotion namely, Advertisement, public relations, sales promotions, and direct marketing.
Of these, direct marketing will be most effective in capturing my attention while public relations will be less effective to me.
Explanation:
Direct marketing involves establishing direct communication with the potential buyer. It allows for a personal relationship with the buyer. Media such as telemarketing, direct mails, and face-to-face marketing are used to sell the goods. I will be easily convinced because I can easily relate with the person selling the goods and ask questions about the product.
Public relations refers to ways the company formally promotes its image to maintain its customer base. Press release is a measure employed by these companies. I will not be captivated by this because of the formality involved. I believe that through these measures, the company only lets out information they will like you t know.
Answer:
See explanation
Explanation:
If Blossom Company received on December 13 (Assuming perpetual inventory system was used), the journal entry to record the receipt -
Debit Cash $466,970
Debit Sales Discount $9,530
Credit Accounts receivable $476,500
Giving 2% discount to the customer after the sales return and allowances because the customer paid the amount within the terms 2/10, n/30.
As the customer failed to pay on December 13 and paid on January 2, the company did not receive the sales discount. And the following journal entry will be required -
Debit Cash $476,500
Credit Accounts receivable $476,500
After deducting the sales returns, Blossom company will receive the payment.
Answer:
The options are not correct:
Dr costs of good sold $15,800
Cr inventory $15,800
Explanation:
The 4,400 units sold consist of the 2,400 units purchased on 1 January at $4.00 per unit and the balance of 2,000 units from the purchase made on January 12 at $3.10 per unit
cost of goods sold=(2,400*$4)+(2,000*$3.10)=$15,800
The cost of goods sold is $15,800 ,neither is it $11,900 nor $11,800
The appropriate entries is to debit costs of good sold with $15,800 while merchandise inventory is credited with $15,800
Answer:
A) Tony's opportunity cost for spending 10 hours planting seeds is $250, since that is the amount he could earn be teaching guitar lessons.
B) Tony's accountant will calculate the cost of planting seeds at $130, since it includes only the cost of the seeds
C) Tony's accounting profit is $170 (= $300 - $130). Revenue from selling wheat - accounting cost of planting wheat seeds.
D) Tony's economic loss is $80 [= $300 - ($130 + $250)]. Economic profit or loss is calculated with the formula: economic profit = total revenue - (accounting costs + opportunity costs)
A) sometimes your perception of the problem shifts as you seek to solve it