Give an example of how businesses use demographic information ECONOMICS

1 answer:

3 0

Businesses often segment the market based on key demographics such as age, gender, income level or marital status, but they also use more precisely defined categories to target specific groups.

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Gladiator USA, a tire manufacturer, guarantees its tires against defects for five years or 60,000 miles, whichever comes firs

Harrizon [31]

Answer:

DR Cash............................................$96,450

DR Notes receivable........................$546,550

CR Sales revenue...................................................$643,000

(To record sales)

DR Warranty expense .............................$32,150

CR Warranty liability.................................................$32,150

(To record Warranty Expense)

DR Warranty liability.................................$20,000

CR Cash......................................................................$20,000

(To record Warranty Claim Payments)

Explanation:

Cash = 15% * $643,000

= $96,450

Notes Receivable = 643,000 - 96,450

= $546,550

Warranty Expense = 5% x $643,000

= $32,150

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