Starbucks uses a product development strategy when it announced the release of the single-serve coffee maker in its outlets at the United States. This is because they plan to offer a new product, which is an improvement to the existing coffee maker devices in the U.S. market.
Answer:
The Journal entries are as follows:
(1) On September 9,
Petty cash A/c Dr. $410
To cash $410
( To establish $410 petty cash fund)
(2) On September 30,
Printing expenses A/c Dr. $60
Postage expenses A/c Dr. $70
Miscellaneous expenses A/c Dr. $135
Cash over and short A/c Dr. $11
To cash A/c $276
(To reimburse petty cash fund)
(3) On October 1,
Petty cash A/c Dr. $75
To cash A/c $75
(To increase the petty cash fund to $485)
Answer:
Critique of advertising.
Explanation:
Advertising is a marketing strategy used by organizations or individuals to convince or persuade a consumer to buy their products.
It is used to promote goods and services using a multimedia channel such as television, radio, billboards etc.
Critique of advertising postulates that adverts usually urge or prompt consumers to buy products even when they don't need it.
Answer:
profit = $1,236
Explanation:
fixed daily costs $876
variable cost per room $13
revenue per room $79
contribution margin per room = $79 - $13 = $66
32 rooms were sold today = $66 x 32 = $2,112
- fixed costs = ($876)
daily profit = $1,236
The contribution margin per unit is the difference between the additional revenue obtained from selling one more unit minus the additional costs of selling that unit.
Answer:
a) b.20,000
b) b.20,000
Explanation:
a) Number of common stocks issued = 200,000/10
= 20,000
So, 5000 stocks remain with company.
Number of common stocks outstanding = 20000
b) b. 20,000
