<span>It is called guerrilla marketing. The main goal of this strategy is to maximize profits without having to spend a lot of money on attracting customers. Companies with low budgets use this strategy a lot to make up for their low spending money. Guerrilla marketing is much more creative that your typical marketing, it does not simply tell you to buy a company's product. It tries to make you laugh, imagine, feel or think to convince someone to buy a company's product.</span>
Answer:
= 200P - 800
= 400P - 1600
Explanation:
let the supply function be : P = MC
P = 4 + Q/20
therefore Q = 20P - 80 ( supply function )
For 10 firms
Q = 10( 20P - 80 ) = 200P - 800
for 20 firms
Q = 20(20P - 80 ) = 400P - 1600
next determine market supply curve under free entry
AC = 4 + Q/40
Hence ; when Q = 0 , AC = 4 and this is for unlimited number of firms
Answer:
d. 0.93
Explanation:
Investment turnover is a measurement of how a company is able to generate revenue as a result of using the money invested in the company.
Investment turnover is computed by
= Net sales ÷ Invested assets
Given that;
Sales = $140,000
Invested assets = $150,000
Investment turnover = $140,000 ÷ $150,000
Investment turnover = 0.93
Therefore, investment turnover for Division A is 0.93
Answer:
(E) The price floor isn’t binding.
Explanation:
The restriction imposed by the administration is that prices should not be below $30, which means that the athletic department can continue selling tickets at the current equilibrium price of $40 each. If the administration had imposed a maximum price of $30, then there would be a shortage of tickets, but since the current price meets the administration's requirements, no change should occur.
The answer is (E) The price floor isn’t binding.
Answer: Debit Delivery expense $355; Credit Cash $355
Explanation: Firstly, the disbursement was made from the petty cash account. This ultimately represents a cash account. Secondly, the disbursement was used for the payment of delivery expense to the tune f $355 (this is an operating expense). So the appropriate journals entries required to be recorded are as provided above. The disbursement is an outflow of cash and it was used for delivery expense.
