Answer:
Sky Mountain's adjusting entry four months later at December 31 would include:
Debit Interest expense $1,080
Credit Interest Payable $1,080
Explanation:
Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.
The amount of interest for 1 year = $54,000 x 6% = $3,240
The amount of interest for 1 month = $3,240/12 = $270
From September 1 to December 31, in Sky Mountain Co.
The amount of interest expense = $270 x 4 = $1,080
Sky Mountain's adjusting entry at December 31:
Debit Interest expense $1,080
Credit Interest Payable $1,080
Answer:
$2,600
Explanation:
As we know that the inventory should be recorded at a cost or market value which ever is lower
In the given case,
The cost is
= 200 units ×$16 per unit
= $3,200
And, the market value is
= 200 units × $13 per unit
= $2,600
So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet
Answer: (C) Relationship marketing
Explanation:
The relationship marketing is one of the type of marketing form that helps in providing the various types of campaigns in order to understand the actual response of the consumer about the brands and the products.
The main objective of the relationship marketing is that it helps in creating the various types of new characteristics of the products based on the requirement of the customers and also strengthening the relations with the consumers.
According to the given question, the given company efforts is basically illustrating that the company is basically engaging in the relationship marketing.
Therefore, Option (C) is correct answer.
Answer:
Economics forces are the factors which consumer willingness and ability to buy goods and services.eg. interest rate, employment,income ,prices,consumer confidence. let us discuss factors one by one
Employment:employment effect the purchasing power, because if you are employed then you have steady income and have much disposable income to spend and a vice a versa will happen if you are unemployed
INCOME: Income is most important factore to determine consumer purchasing decisions. if your income is high then consumer is ready to spend on everything and vice a versa will happen if income is low.
PRICES: Prices also effect the consumer decisions. because if prices of a commodity is high than consumer is not willing to buy that commodity . in simple if prices rises quantity demanded by consumer decreses and if prices decresing quantity demanded by consumer increses
INTEREST RATES:Interst rate influences the cost of borrowings, lower the interest rate ,people are willing to borrow more to spend. while increasing interst rates makes borrowing more costly then people are not willing to spend and move in favour of savings.
CONSUMER CONFIDENCE:If a consumer is confident for future risk and income effect consumer decision.high level of consumer confidence effect consumer willingness to make major purchases like cars laptop etc overall demaand for consumer goods are incresing.and a vice a versa will happen if consumer are not sure for future and income
