A family has bought a new, luxurious house with a swimming pool and have constructed a basketball court in their huge backyard. They have filled their fridge with food like fruits, vegetables, bread and milk. They have also bought enough water bottles to last a whole week. They have arranged their clothes into the cupboards of their new rooms and have bought some pet toys and beds for their cats.
Answer: $397,716
Explanation:
Degree of Operating Leverage = Change in Net Operating Income/ Change in Sales
6.60 = Change in Net Operating Income / (520,260 - 460,000)
(520,260 - 460,000) * 6.60 = Change in Net Operating Income
Change in Net Operating Income = 62,260 * 6.60
Change in Net Operating Income = $397,716
Answer:
$2000 (Debit)
Explanation:
Opening balance = $22000 (Credit)
LESS: Actual Bad debt = 24000 (Debit)
Closing Balance = 2000 (Debit)
Answer:
Family life cycle
Explanation:
If Campbell were to offer single serving "Soup for One" packages to household markets, it would be using segmentation based on Family life cycle. This method separates the aspects of the family market at different stages of life.
This model gives a description of the stages that consumers encounter in their lives when they have families. It takes family size, age of customer and professional status into consideration.
