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dlinn [17]
3 years ago
7

Rita is a successful entrepreneur who owns a small coffee shop and serves her customers regular homemade coffee. She recently ex

perimented with a new flavor and distributed free samples to her regular customers. She then sought their feedback on the new flavor. This is an example of ________.
a. brand positioning.
b. test marketing.
c. brand retailing.
d. commercialization.
Business
1 answer:
just olya [345]3 years ago
8 0

Answer:

b. test marketing.

Explanation:

Test marketing is a marketing method that focused for exploring the response of the consumer with respect to the product by making it available on the limited basis prior to release in a bulk. Also the consumer may be or not be aware that is the part of the test group

Since in the given situation, rita experimented the new flavor and distributed it as a free sample

So, it is a test marketing situation

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According to generally accepted accounting principles (GAAP), revenue is recognized as income when:
bogdanovich [222]

Answer:

the transaction is complete and the goods or services are delivered.

Explanation:

According to generally accepted accounting principles (GAAP), the revenue should be recognized when the goods or services are delivered and the transaction is completed in all respects.  

The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date

4 0
3 years ago
On january 1, 2016, knapp corporation acquired machinery at a cost of $1,250,000. knapp adopted the double-declining balance met
Annette [7]
Cost on January 1 2016 = $1,250,000
Life = 10 years

Therefore,
Double-declining depreciation rate = 2*(1,250,000/10)/1,250,000 = 2*0.1 = 2*10% = 20%
Book value at end of 2016 = 1,250,000 - (1,250,000*20/100) = $1,000,000
Book value at end of 2017 = 1,000,000 - (1,000,000*20/100) = $800,000
Book value at end of 2018 = 800,000 - (800,000*20/100) = $640,000

Changing to straight line depreciation:
Life remaining = 7 years
Book value = $640,000

Depreciation expense per year = 640,000/7 = $91,428.57

Therefore, depreciation expense for 2019 = $91,428.57

5 0
2 years ago
Theodosia was laid off from her last job. What should she put on her next application as her reason for leaving that job?
OleMash [197]

Answer:

O Downsizing

Explanation:

A lay off happens when the employer has closed down, has changed locations, or when there is not sufficient work for all the employees. A layoff is not caused by an employee's fault.

Downsizing refers to scaling down of operation. When a company downsizes, some of the employees will be laid off. Theodosia should mention she was laid off in her next application. The potential employer will realize that she wasn't at fault at her previous workplace.

8 0
3 years ago
The principle of diminishing returns to capital states that if the amount of labor and other inputs employed is held constant, t
Arturiano [62]

Answer:

B) the less an additional unit of capital adds to production

Explanation:

The diminishing return state that if everything else is held constant, each additional unit will increase production by a fewer amount than previous one. That's because the same amount of resource can only use efficiently a certain amount of capital then there is a loss in this good use and therefore, the output do not increase at the same rate as we add up capital.

A person can do a good use of several type of tool for building a house but I can only use one or two at the time

Adding more tools can increase productivity but in the end there is only one person working.

4 0
3 years ago
Bain Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpe
pochemuha

<u>Solution and Explanation:</u>

<u>Part a: </u>                                                                            

Revenue  5000 multiply 6.6   33000            

Unit Level Variable Cost:        

Material Cost  5000 multiply 2.7   -13500    

Labor Cost  5000 multiply 1.2   -6000    

Manufacturing Cost  5000 multiply 1.2   -6000    

Shipping and Handling  5000 multiply 0.3   -1500    

Sales Commission    0    

Contribution Margin    6000            

Should be accepted as it will increase profitability by $6000          

Part b1&b2:                                 Cost to Make  Cost to Buy          

Material Cost                40000*2.7  108000      

Labor Cost                40000*1.2  48000      

Manufacturing Cost  40000*1.2  48000      

Prod Supervisor Salary             72000      

Purchase Cost  40000*6.72               0  268800          

Total Cost                               276000  268800          

Should purchase from outside as cost is lower than making it      

Part b3:        

                                          Cost to Make  Cost to Buy            

Material Cost  60000 multiply 2.7     162000      

Labor Cost  60000 multiply1.2             72000      

Manufacturing Cost  60000*1.2  72000      

Prod Supervisor Salary             72000        72000    

Purchase Cost  60000*6.72              0           403200            

Total Cost                             378000        475200            

Should make in house as cost is lower            

Part c:  It should not be eliminated.              

Elimination will decrease profitability by $72000 which is being allocated company wide facility exp.  Before Allocation, actual profit is (168000-24000-72000)=$72000    

Loss is because of allocation of facility expenese, which will be allocated on other segment.

 

5 0
3 years ago
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