According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism<span>) </span>much more realistic than theories supporting command economies<span>? ... Americans prefer to have the </span>market<span>, rather </span>than<span> the government, to manage their </span>economy<span>.</span>
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Answer:
Adjusting Entries
Date Accounts titles and Explanation Debit Credit
1. Supplies expense $500
Supplies expense $500
2. Insurance expense $300
Prepaid Insurance $300
3. Depreciation expense $
70
Accumulated depreciation $70
- equipment
4. Unearned service revenue $500
Service revenue $500
5. Accounts receivable $200
Service revenue $200
6. Interest expense $90
Interest payable $90
7. Salaries and wages expense $1,700
Salaries and wages payable $1,700
Answer:
$17,200
Explanation:
Calculation to determine How much external financing will Tobin Supplies Company have to seek
Net Income=[$520,000 x 20%]
Net Income = $104,000
Dividend Pay-out= [$104,000 x 30%]
Dividend Pay-out = $31,200
Additions to Retained Earnings = [$104,00 - $31,200]
Additions to Retained Earnings=$72,800
Now let determine the The External Financing Needed using this formula
The External Financing Needed = Increase in Assets – Additions to retained earnings
Let plug in the formula
The External Financing Needed= $90,000 - $72,800
The External Financing Needed= $17,200
Therefore The External Financing Needed is $17,200
