Answer:
Yes
Explanation:
In this question, we have to compare the total income based on credit extended The computation is shown below:
If credit is not extended, then the total income would be
= Service revenue + income from operations
= $48,000 + $19,000
= $67,000
If credit is extended, then the total income would be
= Service revenue + income from operations - additional expenses for wages and bad debts
= $87,000 + $19,000 - $34,000
= $72,000
Yes the company extend credit as the total income is increased by $5,000
Answer:
$20,000 Favorable
Explanation:
As for the provided information, we have:
Sales Volume Variance is defined as the variance arising due to difference in sales quantity based on standard price.
Formula for the above = (Actual Sales - Budgeted Sales) Standard Price
= (5,500 - 5,000) $40
= $20,000
This variance shall be categorized as favorable, as the actual sales quantity is more than the static budgeted quantity.
Therefore, Sales Volume Variance = $20,000 Favorable
Answer:
Geographic location.
Explanation:
Market segmentation is a process of grouping customers in markets with some heterogeneity into smaller, more similar or homogeneous segments with similar requirements and buying characteristics.
Types of market segmentation:
-Demographic
-Psychographic
-Behavioral
-Geographic. Target customers based on a predefined geographic boundary. Differences in interests, values, and preferences vary dramatically throughout cities, states, regions and countries.
Answer:
b. sale of a new share of stock to an individual investor
Explanation:
The primary market is where new stocks are created. it is the platform for investors to purchase stocks of an entity that goes public for the first time.
Hence the initial public offer otherwise known as IPO is a good example of a primary market transaction.
As such sale of a new share of stock to an individual investor is a primary market transaction
The answer to your question is - Scarcity.