A popular football player at a college who is able to influence the buying decisions of fans would best be described as a <u>opinion leader influence</u>.
Opinion leaders tends to influence the purchase decisions of consumers. Thus, such consumers will view the opinion leader as having a strong degree of knowledge in regards to the product category.
Opinion Leaders are knowledgeable in their field. As, they are respected and trusted by their followers. Their views carry weight and significance. Thus, through this they influence the buying decisions of their fans.
Hence, such opinion leader is able to influence the buying decisions of their fans.
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Answer:
The correct answer is C
Explanation:
Closing entry is defined as the journal entry which is passed or made the end of the accounting period or year, which involves shifting of the data from the temporary accounts on the income statement to the permanent accounts on the balance sheet of the company.
The third closing entry which is to be recorded is as:
Income Summary A/c................................Dr $11,950
Capital A/c................................................Cr $11,950
Being the closing entry has been recorded
Working Note:
Amount = $69,700 - $57,750
= $11,950
Answer:
both countries would have temporary increases in their growth rates, but the increase would be smaller in Lower Equitorial.
Explanation:
Capital Stock represents the plant, equipment, infraestructure and other assets that help with production
So a larger capital stock implies more factories, more equipment and assets in favor of Upper Equitorial.
The capital increase the productivity. so the growth rate will be smaller in lower equitorial
Answer:
a. 148.57 for the year.
b. 2.45 days
Explanation:
a. Each hamburger patties cost $1.00 a pound and 4,000 quater pounds are supplied per week. 4 quater pounds make up 1 pound so;
= 4,000/4
= 1,000 pounds are supplied per week.
Inventory turnover = Cost of goods sold for the year/ Average Inventory
= ( Pounds per week * cost per pound * number of weeks in year)/ Average inventory
= ( 1,000 * 1 * 52) / 350
= 148.57 for the year.
b. Average Days of Supply = Average Inventory/cost of goods sold
= 350/( 1,000 * 1 * 52)
= 0.00673 per year
To convert to days multiply by;
= 0.006730 * 52 weeks * 7 days
= 2.44972
= 2.45 days
Answer:
Explanation:
The adjusting entry is shown below:
Cash Dividend A/c Dr $500,000
To Dividend payable $500,000
(Being dividend is declared)
The dividend amount is computed below:
= Number of shares held × cash dividend per share
= 100,000 shares × $5
= $500,000
As dividend is declared so we debited the cash dividend account and credited the dividend payable as it is a current liability
