Sponsors desiring to associate their brands with relatively uncluttered events must either select smaller, lesser-known events to sponsor or pay huge fees to obtain exclusive sponsorship rights.
Direct-response advertising has the following characteristics:-
- Makes a specific offer Provides all the information required to make a decision includes a means of responding (website, toll-free number) to make things easier.
<u> Metrics to Measure Your Sponsorship ROI -</u>
1) Brand impressions (onsite, social media mentions, PR releases, etc.)
2) The number of new leads generated.
3) Lead quality/position.
4) Onsite purchases/opt-ins.
5) Click-through rate.
6) Email open rate.
7) Website visits.
8) Social media interaction.
<h3>What is sponsorship valuation?</h3>
- A property's assets are evaluated as part of the sponsorship valuation process in order to assign a monetary value to each component that might be made available to a sponsor partner.
- The goal of this exercise is to assess the value of a sponsorship program and estimate a reasonable market value for it.
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Idk idk idk idk idk idk im sorry btw its just for the starting thing
Answer: $13,580
Explanation:
The ending balance of the Work in Process:
= beginning Work in Process inventory + direct materials + direct labor + factory overhead - transferred out of the department
= $11,300 + $77,300 + $25,300 + $15,180 - $115,500
= $13,580
Therefore, the ending balance of the Work in Process Inventory account for the Fabricating Department is $13,580.
As organizations that use work order costing maintain track of materials and other resources for each project item, this method often necessitates more thorough record keeping than a process costing. However, in systems that use process costing, each production or process department has its own inventory account and aggregates expenses.
<h3>How are the 2 systems similar?</h3>
- Both approaches serve the same fundamental objectives: to provide a framework for calculating unit product cost and to assign material, labor, and overhead costs to items.
- The same fundamental manufacturing accounting principles are used by both systems, including production overhead, raw materials, work in progress, and finished goods.
- In both systems, the cost flow through the manufacturing accounts is essentially the same.
<h3>What are the differences between the two?</h3>
There are two reasons why work order costing and process costing differ from one another. The first is that a process costing system has a flow of units that is essentially continuous, and the second is that these units are interchangeable. Since each order is just one of many that are filled from a continuous flow of almost identical units from the manufacturing line, it makes no sense to try to identify materials, labor, and overhead costs with a specific order from a customer (as we do with job order costing). Under process costing, costs are accumulated by the department as opposed to orders, and they are then uniformly distributed to all units that go through the department over the course of a time period.
The fact that process costing does not employ the job cost sheet since its emphasis is on departments is another distinction between the two costing methodologies. For each department that works on items, a production report is created as opposed to a task cost sheet. The production report fulfills a number of purposes. It gives a summary of how many units pass through a department in a given time frame and computes unit costs. Additionally, it displays the expenses incurred by the department and the decision made regarding such expenses. In a process costing system, the department production report is a crucial document.
Therefore, above are all the differences and similarities between the 2 systems.
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Answer:
Excluded when calculating GDP because they do not reflect current production.
Explanation:
Transfer payments such as medicare, social security, medicaid, unemployment benefits, and other welfare programs are not calculated in GDP because they do not represent government purchases of goods and services, or in other words, they do not reflect goods and services currently produced and purchased.
They are instead, resources that the government takes either in the form of taxes, debt, or money supply, and allocates, or transfers, to specific recipients.
