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2 years ago

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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During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of

AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

Required expense for year = $30650 - $2,600

Required expense for year = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

8 0

3 years ago

4.The inflation rate in the U.S. is 3%, while the inflation rate in Japan is 1.5%. The current exchange rate is $1 equal to 105

Nana76 [90]

Answer:

103.4709

Explanation:

The computation is shown below:

Given that

U.S inflation rate = 3%

Japan inflation rate = 1.5%

Current exchange rate = 105

Now the new exchange rate for the yen is

= Current exchange rate × (1 + Japan inflation rate) ÷ (1 + U.S inflation rate)

= 105 × (1 + 1.5%) ÷ (1 + 3%)

= 105 × (1.015 ÷ 1.03)

= 105 × 0.985436893

= 103.4709

5 0

2 years ago

Innovation activities are often aimed at making a discovery or commercializing a technology ahead of competition. What are some

Ira Lisetskai [31]

Answer:

lack of consumer safety

Explanation:

One of the biggest unethical practices that occur during the innovation process is lack of consumer safety. The entire idea of the innovation process is to try and create something truly functional that has not been done before and release it way before any competitor can create a similar product. In this rush to create the product, producers completely ignore many obvious faults that the product may have and/or any dangers it may pose to the consumer as long as the product works as intended.

7 0

2 years ago

What is Baruch Shemtov's product, and how did he begin creating it?

N76 [4]

Answer:

Baruch Shemtov's product is tie

Explanation:

Baruch Yehudah Shemtov was born on September 22, 1987.

Baruch has passionate about the design and the fashion from his young age, he was launched his first line of ties at just age 15 years.

he is a fashion entrepreneur since his junior class of high school

Today also Baruch ties routinely sellout in the tony department store and online

Baruch neckties and all accessories are made in USA

and In 2013, he launched boy ties collection and he coordinating with father-son neckties range at Bergdorf Goodman

5 0

2 years ago

Pretend you are an employer. you will discuss a promotion and a raise with an employee. What will you say to them?

pychu [463]

Answer:

Good luck with the promotion, here are some ideas for the company!

6 0

2 years ago