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kotykmax [81]
3 years ago
10

_______ strategies involve developing and selling new products to people who are already purchasing the firm's existing product

Business
1 answer:
liberstina [14]3 years ago
4 0
Market Developing strategies
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Q 4.35: McGinnis Construction is a cash-basis company with a fiscal year-end of June 30. McGinnis’ employees earn a normal weekl
hjlf

Answer: Understatement, $30,900

Explanation:

There will be an UNDERSTATEMENT of McGinnis' net income for the most recent fiscal year of $30,900.

The Understatement arises because as of year end which is June 30th, McGinnis were not paid for their services that cost $40,900 and instead will only be paid on the 8th of the next month so it was not accounted for in the net income.

The reason the net income understatement is $30,900 and not $40,900 is because McGinnis will still have to account for the payment to it's employees. If in a five day week they earn $12,500, that would mean that they earn $2,500 a day (12,500/5). Seeing as June ended on a Thursday, that is a 4 day week which means $2,500*4= $10,000.

That $10,000 will reduce the net income by that amount.

The net effect is a $30,900 UNDERSTATEMENT.

4 0
3 years ago
Help I need help with writing a article about fashion & lifestyle blogger
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To help you i am going to need you to get more information. For example find a source of an article and find out their latest news. Fashion For example is easy just look at some of the newest trends an you can add in how famous people were these new types of fashion and styles. To write an article you need to get information! find websites and clothing lines of your choice. You can use anything you'd like. Just get the evidence to support it 
5 0
3 years ago
CDs are similar to savings accounts because of which of the following?
Arturiano [62]

Answer:

b

Explanation:

3 0
2 years ago
Name a great organization. how do think management contributes to making it great?​
Juli2301 [7.4K]

Answer:

A great organization I feel is 24 Hour Fitness. I feel that the management allows their trainers to do what they do best, thus making happy workers and happy customers 6. Name an ineffective organization. What can management do to improve it?

Walmart to me seems to be an ineffective organization, just because the people who work there do not seem happy. I feel like people in general shop there because it’s inexpensive, but I feel management should care more about their workers. Maybe a pay increase, or more breaks.

Explanation:

8 0
2 years ago
You are scheduled to receive $34,000 in two years. When you receive it, you will invest it for 7 more years at 7.5 percent per y
hoa [83]

Answer: $65186.16

Explanation:

Since the individual is scheduled to receive $34,000 in two years and will then invest it for 7 more years at 7.5 percent per year. The amount that the person will have in 9 years will be:

FV = PV(1 + rate)^n

where,

PV = present value = $34000

Rate = 7.5% = 0.075

n = number of years = 7

FV = 34000 × (1 + 7.5%)^9

FV = 34000 × (1 + 0.075)^9

FV = 34000 × 1.075^9

FV = 34000 × 1.91724

FV = $65186.16

The amount in 9 years will be $65186.16

3 0
3 years ago
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