Answer:
- Credit (decrease) cash account (112): $12,207
- Debit (decrease) loan account (341): $12,000
- Debit (increase) interest expenses (635): $207
Explanation:
The interest occurred = $12000*7%/365*90=$207
The note to be paid = $12,000
Total paid out: $12,207
If Uniform Supply use cash to pay off the note then the entries include:
- Credit (decrease) cash (112): $12,207
- Debit (decrease) loan account (341): $12,000
- Debit (increase) interest expenses (635): $207
Answer:
The correct answer is: Snob effect.
Explanation:
The Snob effect is a phenomenon that tries to explain why the demand for a good or service increases in the high-income sector while it decreases substantially in the low-income sector. This scenario is created when people need access to rare or exclusive goods or services.
Answer:
$1.01
Explanation:
For computing the minimum price first we need to find the following things which are shown below:
1. Variable operating cost per week.
= Variable operating costs per hour × Store hours per day × number of days
= $43 × 12 hours per day × 7 days
= $3,612
2. Now total cost per week is
Total cost per week = Variable operating costs per week + Marketing costs per week + Customer service costs per week
= $3,612 + $1,900 + $250
= $5,762
3. After calculating, the minimum price is
= Total costs per week ÷ Rental per week
where,
Total cost per week is $5,762
And, the rental per week is
= ($1,350 × 2 days) + ($600 × 5 days)
= $2,700 + $3,000
= $5,700
So, the minimum price is
= $5,762 ÷ $5,700
= $1.01
Answer:
The answer is a firm's business level strategy
Explanation:
A strategy is a blueprint or a plan which spells out the major policies of an organisation, its goals and actions that will enables it to achieve the organisational objectives.
A firm business level strategy is a tool aimed at improving the competitive position of a firm's products within the market segment or industry that the firm operates. It focuses on how a firm will satisfy customer's needs and gain competitiveness in the market in which it operates by exploiting opportunities in market.