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4 years ago

Entrepreneurs can make money on fads, but they have to know

Business

2 answers:

Afina-wow [57]4 years ago

8 0

how to market the item once the fad has run its course.

Sphinxa [80]4 years ago

3 0

Answer:

its is not how to market the item once the fad has run its course

Explanation:

i just took the test and got it wrong

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Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a u

aliina [53]

Answer:

Great Adventures

Journal Entries on July 1, 2022:

Debit Equipment Account with $12,000

Credit Cash Account with $12,000

To record the purchase of a used Suburban.

Debit Vehicle Insurance with $1,800

Credit Cash Account with $1,800

To record payment of one year vehicle insurance.

Debit Equipment Account with $3,000

Credit Cash Account with $3,000

To record the payment for repainting and placing logo.

Debit Equipment Account with $2,000

Credit Cash Account with $2,000

To record deluxe roof rack and trailer hitch on the vehicle.

Maintenance on October 22:

No Journal Entry Required in July.

Explanation:

a) The initial amount spent to purchase the vehicle is capitalized, i.e. recognized in the asset's account (Equipment Account).

b) Vehicle insurance is not capitalized. It is a period cost that should be recognized in the income statement.

c) Repainting and putting logo on the vehicle is capitalized because it adds to the value and brings the vehicle to its use. All expenditure that helps to bring an asset to its use and increases the future value is capitalized.

d) The deluxe roof rack and trailer hitch is also capitalized since they increase the future benefits of the vehicle.

7 0

3 years ago

On January 1, 2014, the merchandise inventory of Glaus, Inc. was $1,200,000. During 2014 Glaus purchased $2,400,000 of merchandi

Xelga [282]

Answer: Option (C) is correct.

Explanation:

Given that,

Merchandise inventory(beginning inventory) = $1,200,000

Merchandise purchased = $2,400,000

Sales = $3,000,000

Gross profit rate on sales = 25%

Ending inventory of Glaus:

= Beginning inventory + Purchases - cost of goods sold

= $1,200,000 + $2,400,000 - [sales × (100-25)%]

= $1,200,000 + $2,400,000 - $3,000,000 × 0.75

= $1,200,000 + $2,400,000 - $2,250,000

= $1,350,000

5 0

3 years ago

Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2.

vazorg [7]

Answer:

10 units;

50 units.

Explanation:

The revenue function is given by the price function multiplied by the number of units sold (x).

$R(x) = x*p(x)=500x-2x^2$

The break even point occurs when Revenue equals costs:

$C(x) =R(x)\\3600+100x+2x^2=500x-2x^2\\4x^2-400x+3600 = 0\\x^2-100x+900=0\\x=\frac{100\pm \sqrt{100^2-(4*900)}}{2}\\x_1=10\\x_2=90$

Therefore, the smallest number of units required for the company to break even is 10 units.

Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:

$P(x)=R(x) - C(x) \\P(x)=3600+100x+2x^2-(500x-2x^2)\\\frac{dP(x)}{dx}=0=8x-400\\x=50$

The number of units that will give maximum profit is 50.

3 0

3 years ago

The advertising for a snow blower points out a brand’s unique benefits compared to the snow blowers offered by the competition.

allsm [11]

Answer:

The correct answer is A: selective demand stimulation

Explanation:

Selective demand happens when companies deliver messages that portray their brand as the best match for the needs and desires of the target market. Selective demand features the advertiser trying to influence the target audience to select its brand over alternatives. Selective demand advertising is for businesses competing in well-established industries and markets.

Companies use a variety of strategies to depict selective demand. Some use benefit positioning, where they showcase the specific benefits of their products that are unique in the market. Others use <u>competitive positioning, where they state how their products are better or distinct from those offered by competitors</u>. Another positioning alternative is user positioning. This is where the brand focuses on matching its benefits to the needs of a particular type of user.

In this case, the company is using competitive positioning. The potential market must see clearly how your offering is different from that of your competition. It’s about winning a spot in the competitive landscape, putting your stake in the ground, and winning mindshare in the marketplace.

7 0

3 years ago

Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and

givi [52]

Answer: False

Explanation: The statement given in the above question relates to business intelligence.

Competitive intelligence is used by the managers and executives to implement strategic decision making effectively. In competitive intelligence , the gathering and analyzing of customers and competitors is done and not of partners and industries etc.

Thus, the above statement is false.

3 0

3 years ago