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Nadusha1986 [10]
3 years ago
9

What are the possible problems for readers when companies market their goods on social media? How do social media companies make

money? Can individuals keep the information private from marketers when they use social media?
Business
2 answers:
Ipatiy [6.2K]3 years ago
6 0

<u>Common methods of making money:</u>

Common methods of making money with an internet company have included the collection of advertising sales, the selling of goods or services and the creation of an online market

<u>Explanation: </u>

  • The privacy concerns of social networking sites are a part of the data protection process, which includes the right to request personal security about processing, re-use, distribution to third party companies and display of self-relevant information throughout the internet.
  • Although some social networks are totally free, others could give their members a subscription option to make cash.  
  • If you buy things online, the biggest problem is that you don't have a price assurance.

Lyrx [107]3 years ago
5 0

Answer:

<u><em>Problems  </em></u>

Fraud, untrusty, Copyrights.

<u><em>Profit from Social Media </em></u>

With advertising, and selling data bases.

<u><em>Privacy </em></u>

It is really hard but it is possible to maintain a great deal of information private if the user goes to the privacy policy in each social media and configurates it in a way that the data is not shared with the company.

<u><em></em></u>

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Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,
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Answer:

Required a.

<u>January income statement for Sorensen Manufacturing Company</u>

Sales                                  $1,200,000

Less Cost of Sales              ($675,000)

Gross Profit                          $525,000

Less Expenses :

Selling expense                  ($215,000)

Administrative expense     ($125,000)

Net Income / (Loss)             $185,000

Required b.

Work In Process Inventory  = $120,000

Finished Goods Inventory  = $85,000

Explanation:

<u>Manufacturing Cost Schedule (</u>Determination of Work In Process Inventory)

Direct Materials                                             $180,000

Indirect Materials  ($250,000 - $180,000)    $70,000

Direct Labor                                                  $450,000

Factory Overheads                                        $180,000

Total Cost of Goods Manufactured             $880,000

Less Transferred to finished goods           ($760,000)

Closing Work In Process Inventory             $120,000

<u>Finished Goods T- Account (</u>Determination of Finished Goods Inventory)

<u>Debit :</u>

Transferred from Work In Process              $760,000

Totals                                                            $760,000

<u>Credit:</u>

Trading Account                                          $675,000

Ending Finished Goods Inventory                $85,000

Totals                                                            $760,000

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