Answer:
d. Marketing Mix
Explanation:
<em>Target Market</em> is the group of people with specific problem and seeking a solution and ready to spend on it.
<em>Market Segment </em>is dividing a market into sub sets of consumers, businesses or countries who have common needs.
<em>Market Position </em>is organizing for a product by clear minds of target customer relative to competing products.
<em>Marketing Mix </em>is the combination of four P's: Product, Price, Promotion and Place.
'Mountain formation' or 'orogeny'
Answer:
$118,860
Explanation:
Gross Margin:
= Revenue - Cost of Goods Sold
= $290,000 - $100,000
= $190,000
Profit before tax:
= Gross Margin - Salaries - Insurance payment - Interest
= $190,000 - $12,000 - $3,600 - $4,600
= $169,800
Insurance payment: Only half of 2-year payment of 7,200 is relevant for this year.
Net Income:
= Profit before tax - Tax at 30%
= $169,800 - (30% × $169,800)
= $169,800 - $50,940
= $118,860
Answer:
annual payment = $2,362.88
Explanation:
we must first calculate the future value of the loan at the end of year 4 = $6,226 x (1 + 11%)⁴ = $9,451.51
using the present value of an annuity formula we can determine the annual payment:
annual payment = present value of an annuity / PV annuity factor
- present value of an annuity = $9,451.51
- PV annuity factor 11%, 4 periods = 3.1024
annual payment = $9,451.51 / 3.1024 = $2,362.88
Answer:
Dr Cash (3,000)
Cr Deferred Revenue (4,000)
Cr Service Revenue (Clinic) (7,000)
Explanation:
Preparation of the appropriate journal entry
Since we were told that kayakers pay the sum of $3,000 at $150 each, by adding to the $4,000 that was already paid in advance on July 30 this means we have to record the transaction by Debiting Cash with the amount of (3,000); Crediting Deferred Revenue with the amount of (4,000) and Crediting Service Revenue (Clinic) with the amount of (7,000)
Note that the credit side of the transaction which is Deferred Revenue of 4,000 -Service Revenue (Clinic) of 7,000 will give us (3,000)
Journal entry
Dr Cash (3,000)
Cr Deferred Revenue (4,000)
Cr Service Revenue (Clinic) (7,000)
