Which of the following is essential for a firm to gain a sustained competitive advantage over its competitors?

A. On April 1, the company hired an attorney for a flat monthly fee of $2,000. Payment for April legal services was made by the

Cerrena [4.2K]

Answer:

Apr 30

Dr Legal fees expense $2,000

Cr Legal fees payable $2,000

May 12

Dr Legal fees payable $2,000

Cr Cash $2,000

Apr 30

D Interest expense $2,559

Cr Interest payable $2,559

May 20

Dr Interest expense $5,118

Dr Interest payable $2,559

Cr Cash $7,677

Apr 30

Dr Salaries expense $3,200

Cr Salaries payable $3,200

May 03

Dr Salaries expense $4,800

Dr Salaries payable $3,200

Cr Cash $8,000

Explanation:

Preparation of the adjusting journal entries to prepare financial statements as of April 30 and the subsequent entry during May to record payment of the accrued expenses.

Apr 30

Dr Legal fees expense $2,000

Cr Legal fees payable $2,000

May 12

Dr Legal fees payable $2,000

Cr Cash $2,000

Apr 30

D Interest expense $2,559

Cr Interest payable $2,559

May 20

Dr Interest expense $5,118

($7,677- $2,559)

Dr Interest payable $2,559

Cr Cash $7,677

Apr 30

Dr Salaries expense $3,200

($8,000*2/5)

Cr Salaries payable $3,200

May 03

Dr Salaries expense $4,800

($8,000*3/5)

Dr Salaries payable $3,200

($8,000*2/5)

Cr Cash $8,000

8 0

2 years ago

The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes h

Yuri [45]

Answer:

Depending on the reason why Sidney requested the appraisal, she has two options:

If Sidney got the appraisal because she thought her property taxes were too high, she can file a complaint with her local board of assessment review (BAR) in order to get her taxes reduced.
Or if Sidney wants to sell her house she could appeal the appraisal amount and request a reconsideration of value.

3 0

2 years ago

Specialty stores like Lids carry ________ with ________. A. wide product lines; shallow assortments B. narrow product lines; sha

4vir4ik [10]

Answer:

narrow product lines; deep assortments

Explanation:

product line is group of same type of product selling under a same brand name.

narrow and wide product line is defined on the basis of number of type of product being sold by a retailer.

Narrow product line is a retailing strategy which means that few type of products which is being sold by a retailer.

Example: Pizza hut which sells only limited number of eatables thus they have narrow product lines

Wide product line means very high number of different type of product is being sold by the retailer.

Example:wall mart which sells wide number of products

Assortment is strategy in retail which defines number of different brands of same type of product which is being sold by a retails.

It is of two types

shallow assortments: It means very few brands of same type of product is offered by a retailer.

deep assortment: It means large of number of different brand of same type of product is being sold by a retailer.

Specialty stores are store which sell only limited type of product but they offer wide variety of choices of brand for the products which they sell. In retail marketing term they keep narrow product line but deep assortments as mentioned in the definitions above

Since Lids is a specialty store the correct option would be narrow product line, deep assortments.

4 0

2 years ago

Marketing synergies often come at the expense of product synergies because.

IrinaK [193]

Marketing synergies often come at the expense of product synergies because : A single customer segment will likely require a variety of products, each of which will have to be designed and manufactured.

<h3>What is marketing synergies?</h3>

Synergy means the sum is greater than the part. Marketing synergy occurs when multiple marketing initiatives are combine to create an effect more than the sum of their parts.

The above means that customers contact one after fewer viewings of marketing messages across various platform.

Hence, Marketing synergies often come at the expense of product synergies because a single customer segment will likely require a variety of products, each of which will have to be designed and manufactured.

Learn more about marketing synergies here : brainly.com/question/1438675

6 0

1 year ago

Fowler, Inc., just paid a dividend of $2.70 per share on its stock. The dividends are expected to grow at a constant rate of 4.5

Galina-37 [17]

Answer:

<h2>Fowler, Inc.</h2>

a. Current price = Current Dividend/r - g

where r = Required Rate of Return

and g = growth rate

= $2.70/0.09 - 0.045

= $2.70/0.045

= $60

b. The price in six years' time, growing at 4.5%

= Current price x (1 + g)^6

= $60 x 1.30226

= $78.14

c. The price in thirteen years' time, growing at 4.5%

= $60 x 1.772196

= $106.33

Explanation:

a) Data and Calculations:

Current Dividend = $2.70

Dividends' constant growth rate = 4.5% p.a. indefinitely

Investors' required rate of return = 9%

Fowler, Inc.'s stock prices calculated using the dividend, growth rate, and investors required rate of return gives the intrinsic values of the stock for the current year, in six and thirteen years' time. The intrinsic value calculation eliminates the need to value the stock subjectively.

4 0

2 years ago