A market that consists of all possible consumers regardless of their specific needs or wants is a <u>"mass market".</u>
The term mass market refers to an overall public market which is comprising of purchasers having a place with different age groups, ways of life and preferences. On the off chance that an organization makes any product or item which is valuable to different purchasers across different areas then it is said to have a mass market request. Items or Products concentrating on a specific statistic frequently have an excessive number of limitations and are restricted by specific limits; such items makes ‘segment market.’
Answer:
ewanI think The answer is in the teacher HAHAHAHSA
Answer:
Process Costing
Explanation:
Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.
Answer:
Entries and their narrations are posted below
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
<u>Journal Entries</u>
2018
Dr Tax Expenses 132000
Cr Deferred Tax Liability (66000*30%) 19800
Cr Tax Payable (374000*30%) 112200
2019
Dr Tax Expenses 106,020
Dr Deferred Tax Liability (66000-26400)*25% 9,900
Cr Tax Payable (386400*30%) 115,920
2020
Dr Tax Expenses 100500
Dr Deferred Tax Liability (33000*25%) 8250
Cr Tax Payable (430000-28000+33000)*25% 108750
2021
Dr Tax Expenses 117750
Dr Deferred Tax Liability (5600*25%) 1400
Cr Payable (470000+6600)*25% 119150
<u>Working </u>
2018
Accrued Income 440000
Less: Instalment Revenue -66000
Taxable Income 374000
2019
Accrued Income 360000
Add: Instalment collection 26400
Taxable Income 386400
2020
Accrued Income 430000
Less: Interest from municipal Bonds -23000
Add: Instalment collection 28000
Taxable Income 435000
2021
Accrued Income 470000
Add: Instalment collection 6600
Taxable Income 476600
Following Adjustments are being shown below.
<u>Which two accounts are affected ?</u>
<u>What kind of accounts are they? </u>
<u>Do the account balances increase or decrease? </u>
<u>Do we debit or credit the accounts? </u>
Since insurance is paid in advance for the upcoming six months, the account that will be debited will be a prepaid insurance account.
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