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Rom4ik [11]
3 years ago
10

Assume Bob of "Gut-Bomb Burgers" Corp. would like to increase his company's market share by one share point to a total of nine p

ercent. The burger industry's total marketing effort is $50 million. Bob is currently spending $4 million on marketing. How much additional money would Bob have to invest in marketing to increase his company's market share by one share point?
Business
1 answer:
maksim [4K]3 years ago
8 0

Answer:

$750,000

Explanation:

Calculation for the additional money that Bob have to invest in marketing to increase his company's market share by one share point

Based on the information given we were told that the burger industry's total marketing effort was the amount of $50 million, this means that the share of point will be calculated as :

Share of point=Total marketing effort of $50,000,000/100

Share of point=$500,000

Second step is for us to make use of the 1.5 rule from the parity budget by multiplying it with the amount of $500,000

Hence,

Additional money=$500,000*1.5

Additional money=$750,000

Therefore the additional money that Bob have to invest in marketing to increase his company's market share by one share point will be $750,000

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A customer claims they saw a rodent run through the dining area, so you examine the inside and outside. what should you do?
Mashcka [7]

A customer claims that they saw a rodent run through the dining area, so you examine the inside and outside and contact an exterminator immediately,

Rodents are mammals with extra-large front teeth. They use these teeth for gnawing to get at food and to find their shelter. If the rodent was seen by customers through the dining area, examine the area and try to calm down the situation by apologizing and assuring that you will have this matter dealt with asap.

This matter should be dealt soon, as it is quiet important, as the sighting of a rodent naturally raises food safety concerns. However, customers will understand that no one is perfect and mistakes can happen.

Hence, when the customers have your assurance that the matter will be taken care of, they will respect that.

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7 0
1 year ago
Connor purchased an annuity that was to pay him a fixed amount each month for the remainder of his life. He began receiving paym
stellarik [79]

Answer:

Annuity received is taxable income at Conor's death and must be included in the gross income while filing tax return.

Explanation:

The amount received as an Annuity is taxable and must be included in the gross income while filing the tax returns. This means that the related costs will also be deducted e.g, fees paid, etc. However the return that wasn't received would not be considered as income as Conor didn't received it. Hence the annuity received is treated as taxable income and must be included in the gross income.

5 0
3 years ago
Selected information from Large Corporation's accounting records and financial statements for 2013 is as follows ($ in millions)
S_A_V [24]

Answer:

Net Cash outflow from investing activities = $28 million

Explanation:

Investing activities are the activities in nature to acquire/sell assets, which will generate future economic benefits, and income thereof from such assets.

Out of the above provided information, following are investing activities

  1. Cash paid to acquire a patent $48
  2. Proceeds from sale of land and buildings $75
  3. Investment revenue received $15
  4. Cash paid to acquire office equipment $70

Net Cash outflow from investing activities = $48 - $75 - $15 + $70 =  $28 million

Note:

  1. Treasury stock is purchase of own equity from market thus is a part of financing activity.
  2. Proceeds from sale of land and building is to be considered and the net gain from such transaction is deducted from operating income in cash flow statement.
  3. Cash paid to acquire office equipment is for future long term benefit and is part of investing activity.

Net Cash outflow from investing activities = $28 million

6 0
3 years ago
What aspects and areas of the dental office should be assessed?
marishachu [46]

Enhance Telephone Interactions and Communication and Reduce the Time Patients Spend in the Waiting Room.

Most frequently, the phone is the patient's first point of contact with your clinic. It is vital to train your personnel to respond and communicate professionally as a result.

It's crucial to educate team members on how to resolve problems that can come up over the phone. To guarantee that they handle every patient interaction properly, office employees should receive training in fundamental sales principles.

When it comes to making sure that your personnel know how to conduct themselves over the phone and how to turn a caller into a patient, training is a need. Every call is a chance to expand your dental practice.

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6 0
1 year ago
PA5.
Anuta_ua [19.1K]

Answer:

              January   February   March

production     <u>   2,500     3,000     2,700 </u>

variable   44,875   53,850   48,465

fixed       <u>     14,500    14,500    14,500 </u>

total            59,375   68,350   62,965

Explanation:

indirect materials 0.5   (2 dollar per pound x .25 pound per unit)

indirect labor        16.5   ( 1 hour x 16.50 rate)

maintenance         0.75

utilities                 0.2

total variable        17.95

supervisor 1000

maintenance 9000

insurance 3000

depreciation 1500

total fixed 14500

the fixed amount will remain the same and we will solve for the variable on each month considering each units generates 17.95 dollar of variable overhead

5 0
3 years ago
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