Answer:
The Journal entry is as follows:
Cash A/c Dr. $288,000
To Unearned basketball ticket revenue A/c $288,000
(To record the sale of the season tickets)
Workings:
Given that,
Total number of tickets sold = 4,800
Selling price of ticket = $60 each
Cash = season basketball tickets sold × Selling price of each ticket
= 4,800 tickets × $60 per ticket
= $288,000
Answer:
26.4%.
Explanation:
Net Profit:
= Saving of Labor & other Costs - Maintenance Cost of Machine - Depreciation On Machine (100,000/ 16 years)
= $40,000 - $10,000 - $6,250
= $23,750
Initial Investment:
= Cost of new Machine - Salvage value of old machine
= $100,000 - $10,000
= $90,000
Simple Rate of Return = Net Profit ÷ Initial Investments
= $23,750 ÷ $90,000
= 0.264 × 100
= 26.4%
Answer: When the price of the flour falls, the equilibrium price of the cream rises and the equilibrium quantity of the cream cheese also rises
Answer A is correct
Explanation:
if flour is cheaper, bagels are chepear so demand increases and both equilbrium price and equilibrium quantity rises
Answer:
$810,000
Explanation:
The computation is shown below:
The increase in fixed cost is
= Salary of each sales representative × number of sales representatives hired
= $45,000 × 18
= $810,000
Now the increase in sales needed for break even is
= Increase in fixed cost ÷ Contribution margin ratio
= $810,000 ÷ 30%
= $2,700,000
As we know that break even sales is computed by dividing the fixed cost by the contribution margin ratio and we applied the same
As part of their marketing strategy, companies will identify a target market, a group of similar people whose interest the company wants to gain.
<h3>What is a target market?</h3>
A target market is a group of customers which could be in the same area that have interest in a particular product.
They are usually identified as the most likely buyers of a product or service.
Therefore, as part of their marketing strategy, companies need to identify a target market, a group of similar people whose.
For more information on target market kindly check
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