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3 years ago

Different types of market research

1 answer:

4 0

Descriptive research casual research predictive research and exploratory research.

So stuff like....

Product testing
Advertising testing
Satisfaction and loyalty analyst
brand awareness and reach
pricing research

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Using the post-closing trial balance, calculate the total assets, liabilities, and equity, and enter those amounts in the basic

likoan [24]

Answer:

Assets= Liabilities + Owner's Equity

87,000= 56,300 + 30,700

87,000= 87000

Explanation:

SMART TOUCH LEARNING

Balance Sheet

Cash 32900

Accounts Receivable 6300

Office Supplies 400

Prepaid Insurance 10900

Prepaid Rent 10,900

Furniture 38,700

Accumulated Depreciation-- 13100

Total Assets $ 87,000

Furniture Accounts Payable 17500

Salaries Payable 2600

Utilities Payable 1300

Interest Payable 1700

Unearned Revenue 33200

Total Liabilities $ 56,300

Common Stock 8400

Retained Earnings 22300

Owner's Equity / Retained Earnings $30,700

Total Liabilities and Owner's Equity $ 87,000

The accounting equation is

Assets= Liabilities + Owner's Equity

87,000= 56,300 + 30,700

87,000= 87000

32900+ 6300+400 + 10900+ 10900+25600 = 17500 + 2600 + 1300 + 1700 + 33200 + 8400 22300

The total of Assets of a company are always equal to the total Liabilities and Owner's Equity.

Adding the assets we get $ 87,000 which is the same as the total of Liabilities and Owner's Equity.

8 0

3 years ago

a _____ is a reasonable estimate of the amount of time needed to perform a task based on an analysis of the work by an operation

hichkok12 [17]

A standard time is a reasonable estimate of the amount of time needed to perform a task based on an analysis of the work by an operations expert.

<h3>What is the standard time in accounting?</h3>

The number of standard hours authorized is the number of hours of work time that should have been used during a fiscal period. It is calculated by multiplying the number of units produced by the standard hours per unit.

The time allotted to an operator to complete the specified task under the specified conditions and at the defined level of performance is referred to as standard time. This is how normal time is defined. To arrive at the usual time of a task, some additional time is added to the primary time.

Learn more about Standard time here:

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3 0

1 year ago

The following selected account balances are provided for Delray Mfg. Sales $ 1,165,000 Raw materials inventory, beginning 35,000

katovenus [111]

Answer:

Cost of goods manufactured = $562,050

Explanation:

Delray Manufacturing

Schedule of cost of goods manufactured

For the current year ended December 31

Beginning Raw materials inventory $35,000

Add: Raw materials purchases $184,800

Raw materials available for sale $219,800

Less: Ending Raw materials inventory $(40,100)

Direct materials used = $179,700

Direct labor $249,000

Primary cost $428,700

Add: Factory Overhead

Factory supplies used $16,000

Indirect labor 48,000

Repairs—Factory equipment 5,250

Rent cost of factory building 52,000

Total factory overhead cost $121,250

Total manufacturing cost $549,950

Add: Beginning work-in-process $58,500

Less: Ending work-in-process $(46,400)

Cost of goods manufactured $562,050

8 0

3 years ago

A wheat farmer sells wheat in a perfectly competitive market and hires labor in a perfectly competitive market. The market price

const2013 [10]

Answer:

Reduce the labor employed.

Explanation:

Generally the profit maximizing level of activity is where the marginal revenue product of labor is equal to or greater than the wage rate paid. This means that the 5th worker is actually not generating any positive revenue for the farmer as its contribution to revenue is,

Total contribution = Marginal product * price = 3 * 2 = $6

Where as wage paid is $10 thus it gives a contribution of 6-10 = -$4.

Thus the farmer is advised to reduce labor employed.

Hope this helps.

7 0

3 years ago

Mauve inc. purchased a global data collection and management system that provides detailed information about each of its custome

forsale [732]

Answer:

Mass Customization.

Explanation:

This a part of marketing strategy or factor that allows a customer to design certain features of a product while still keeping costs closer to that of mass produced products.

Mass customization is also a process of delivering wide market goods and services which are modified to satisfy a specific customer's need. Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom made products with the low unit costs associated with mass production.

8 0

3 years ago