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jeka57 [31]
2 years ago
8

Which of the following is true with regard to a market segment? A market segment consists of consumers who respond in a similar

way to a given set of marketing efforts. Dividing the market into segments reduces composite demand. Dividing the market into segments decreases the efficiency of the selling process. A market segment consists of consumers with dissimilar needs and preferences. Very few markets have segments.
Business
1 answer:
timurjin [86]2 years ago
4 0

Answer:

Option A is correct. A market segment consists of consumers who respond in a similar way to a given set of marketing efforts.

Explanation:

Market segment is a portion of the greater market of similar products, which can be specialized using the overall attitude of the number of customers present in this market. The customers present in this market segment reacts in the same way, which means the choices of the people are same in this market segment.

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A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W
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<u>Given:</u>

Loan amount = $250000

Interest rate = 5.5%

Interest payment = $2042.71

<u>To find:</u>

Total amount of interest

<u>Solution:</u>

The total number of months in 15 years = 15\times12=180\text{ years }

Total monthly payments will be 180\times \$2042.71 = \$367687.8

So, the total pay-backs will be $3,67,687.8

Total interest paid will be as follows,

\text{Total interest paid = Total pay-backs - Loan amount}

On plugging-in the values in the above formula we get,

\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80

Therefore, the total amount of interest that the borrower will pay over the course of the loan is $1,17,687.80.

8 0
3 years ago
Compute the uncollectible account expense, and make the appropriate journal entry, for the current year assuming the uncollectib
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Question Completion:

Johnson Corporation’s Unadjusted Trial Balance at year-end included the following accounts:

Debit Credit

Sales (75% represent credit sales) (credit) $1,152.000

Accounts Receivable(debit) $288,000

Allowance for Doubtful Accounts (credit) $2,184

Answer:

<h2>Johnson Corporation</h2>

a. Without considering the balance in the Allowance for Doubtful Accounts, income statement approach, 1% of total sale:

Journal Entry:

Debit Uncollectible Accounts Expense $11,520

Credit Allowance for Doubtful Accounts $11,520

To record the uncollectible accounts expense for the year.

b. Without considering the balance in the Allowance for Doubtful Accounts, income statement approach, 1.5% of credit sales:

Journal Entry:

Debit Uncollectible Accounts Expense $12,960

Credit Allowance for Doubtful Accounts $12,960

To record the uncollectible accounts expense for the year.

c. Considering the balance in the Allowance for Doubtful Accounts, balance sheet approach

Journal Entry:

Debit Uncollectible Accounts Expense $9,816

Credit Allowance for Doubtful Accounts $9,816

To record the uncollectible accounts expense for the year.

Explanation:

a) Data and Determination of Uncollectible Expenses and Allowances:

Sales (75% represent credit sales) (credit) $1,152,000

Accounts Receivable(debit) $288,000

Allowance for Doubtful Accounts (credit) $2,184

1. Uncollectible Accounts Expense = 1% of Sales:

= 1% of $1,152,000

= $11,520

2. Uncollectible Accounts Expense = 1.5% of Credit Sales:

= 1.5% of $864,000 (75% of $1,152.000 )

= $12,960

3. Allowance for Doubtful Accounts based on an aging of accounts receivable of $12,000:

Adjustment required to bring the Allowance for Doubtful Accounts to $12,000 is $9,816 ($12,000 - 2,184).

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3 years ago
Concord Corporation uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receiv
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Explanation:

The journal entries are shown below:

a. Bad debt expense A/c Dr  $13,931

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b. a. Bad debt expense A/c Dr  $17,722

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(Being bad debt expense is recorded)

It is computed below:

= $421,300 × 4% + $870

= $17,722

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Answer:

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Interest Expense               $7,350

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Interest Payable                                       $350

As $7,000 is paid from the total expense of $7,350. Remaining interest of $350 is recorded as liability in interest payable account.

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