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Komok [63]
3 years ago
10

Scenario 15.1. Rick works as a marketer at Hasbro. He recently designed an online contest using social media that encouraged fan

s to submit their own ideas for a new toy design. Participants would submit their ideas, and consumers would vote for them on the site. Those who garnered the most votes would see their idea designed as a new toy. The winner would be rewarded by receiving 2 percent of the proceeds from sales of the toy. Refer to Scenario 15.1. The campaign was so successful that Rick decided to host a special event to announce the winner. On the day of the event he invited the media to film the event. The CEO of the firm named the finalists and then called out the winner. This all occurred with much fanfare. An illustration of the proposed product with a short description was provided to reporters to publish in the paper. This campaign is an example of _____________________.
Business
1 answer:
ELEN [110]3 years ago
5 0

Answer:

public relations.

Explanation:

Based on the scenario being described within the question it can be said that this campaign is an example of public relations. This term refers to the practice purposely managing the release and spread of information from the company to the public as well as interacting with the society surrounding the company in order to develop a positive image of the company in the minds of the public.

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Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $
Viefleur [7K]

Answer:

A. $2.40 per Machine hour

B. Underapplied = $10,000

C. cost of goods sold (debit) $10,000 , overheads (credit) $10,000

Explanation:

A) Compute the manufacturing overhead rate for the year

Overhead Rate = Total  Fixed Overheads / Budgeted Activity

                         =   $300,000 / 125,000 Machine hours

                         =   $2.40 per Machine hour.

B) What is the amount of under- or over applied overhead at December 31st?

Under Applied Overheads = Actual Overheads > Applied Overheads

Over Applied Overheads = Actual Overheads < Applied Overheads

Actual Overheads = $322,000

Applied Overheads = $2.40 × 130,000 hours = $ 312,000

Underapplied = $10,000

C) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

cost of goods sold (debit) $10,000

overheads (credit) $10,000

7 0
3 years ago
Read 2 more answers
What is the state of education today with respect to technology use by teachers?
vitfil [10]
Technology has been very useful for the education. Teachers have found ways in order for technology to be more beneficial rather than detrimental to students. The use of televisions for certain classes allows the students to properly visualize the topics. Also, social media have been grounds for teachers to share their materials to the students and students to their co-students. 
8 0
3 years ago
Which of the following statements is​ correct?
vladimir2022 [97]

Answer:

C. Governments have a difficult time​ fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.

Explanation:

Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.

8 0
3 years ago
Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
soldier1979 [14.2K]

Answer:

The Capacity utilization rate is 73.94 units per hour for the month.

Explanation:

Provided data,

Output rate = 160 units per hour

In the month of July,

Total production hour = 295 hours.

Total units = 34900 units.

Ideal output units in the month of July = output rate × total production hour

= 160 × 295

= 47200 units.

Capacity utilization rate of production shop is given by,

Utilization rate = (output unit in July ÷ idea output) × 100

= (34900 ÷ 47200) × 100

= 0.7394 × 100

= 73.94 units per hour

So, the Capacity utilization rate is 73.94 units per hour for the month.

7 0
3 years ago
Free Cash Flow Catering Corp. reported free cash flows for 2008 of $8.08 million and investment in operating capital of $2.08 mi
Ksivusya [100]

Answer: $11.16 million.

Explanation:

Free Cash Flow Catering Corp Earnings Before Interest and Tax (EBIT) can be calculated by the following formula,

EBIT = Operating Cashflow + Taxes - Depreciation.

Operating Cashflow = Free Cashflow + Investment in Operating Capital

= 8.08 million + 2.08 million

= $10.16 million

EBIT = 10.16 million + 2.08 million - 1.08 million

EBIT = $11.16 million.

5 0
3 years ago
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