Corporations use social media for various purposes, but from the available options, the two ways they are most commonly used is for (B) advertise their services and check the market and (D) keep up with the latest industry news.
Advertising their services can lead to increased sales for corporations since people nowadays use their social media a lot. Keeping up with the latest industry news would also be helpful for corporations in using the right approach for advertising as well as creating product diversification that are suitable for the market they are aiming for.
Answer:
An information-based global revolution that might make her career at a telecommunications company more lucrative in the long run.
Explanation:
If the factor that Nairi seek is monetary incentive alone, I believe the LTE phone service company is a more lucrative compared to home scents business. Researches has predicted by the year of 2023, the Market share for LTE service could surpass $300 Billion dollars. The scents on the other hand , is only predicted to reach $ 9 Billion dollars within the same year.
Answer:
Make the demand curve more inelastic
Explanation:
Substitute goods are goods that can be used in place of another good.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Acquiring a firm that sells a substitute good will reduce the amount of competition a firm's good faces so consumers would have less options of goods available to purchase. This makes their demand more inelastic. If price increases, consumers have little or no options they can substitute to, so they continue to demand for the product.
Answer:
A liability account used to record the obligation to provide future services or return cash that has been received before services have been provided. ⇒ UNEARNED REVENUE represents cash paid in advance by your customers for future services or goods that you must provide.
B. Costs that result when a company sacrifices resources to generate revenues in the current period. ⇒ EXPENSES represent all the money or resources that a business uses in its regular business operations.
C. A type of asset account used to record the benefits obtained, when cash is paid before expenses are incurred. ⇒ PREPAID EXPENSES represent services paid in advance, e.g. you purchase a 2 year insurance policy.
D. The amount charged to customers for providing goods or services. ⇒ REVENUES represent the money that your company collects or should collect in the future in exchange for providing goods or services to its customers.
Answer:
The Journal entries are as follows:
(i) On October 1, 2014
Retained Earnings A/c Dr. $7,350,000,000
To Dividend Payable $7,350,000,000
(To record declaration of dividend on outstanding shares)
Workings:
Dividend Payable = Outstanding shares × Dividend per share
= 3 billion × $2.45
= $7.35 billion
(ii) On October 15, 2014
No Entry
(iii) On October 20, 2014
Dividend Payable A/c Dr. $7,350,000,000
To cash $7,350,000,000
(To record payment of dividend)