1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Deffense [45]
3 years ago
10

According to the text, the most logical budget-setting method in advertising is the ________ method. objective-and-task affordab

le adaptive-control competitive-parity percentage-of-sales
Business
1 answer:
sukhopar [10]3 years ago
6 0
The correct answer is known as "Objective and Task Method".
The Objective and Task Method is the method of advertising wherein a business defines one's advertising expenses in order to allocate the marketing budget based on their wanted objectives. For a company to be able to use this method they must be able to define the results they want out of advertising and the  tactics needed in order to achieve the said results. 
You might be interested in
When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit
Bas_tet [7]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity is used to measure the change in demand as a result of a change in price.

Formula is;

= % change in Quantity/ % change in Price

a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4

= -0.5/0.4

= -1.25

b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5

% Change in Price using midpoint formula

=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4

= 0.5/-0.4

= -1.25

7 0
3 years ago
Other things equal, if the prices of a firm's variable inputs were to fall: one could not predict how unit costs of production w
Paha777 [63]

The correct option is C) marginal cost, average variable cost, and the average total cost would all fall.

It is correct because if the variable cost falls, it will show its effect on marginal, average variable, and average total costs and eventually these costs will fall. The variable cost is included in the calculation of marginal and total costs. And the average variable cost is derived from total variable cost.

Variable Inputs:

The variable inputs are used in performing the production function. Variable means that can change easily, so, in production, variable inputs fluctuate according to the requirement. Variable inputs include labor, raw material, and other inputs.

Reason for incorrect answers:

Option a) is incorrect because the firm can estimate the per-unit cost after reducing input prices.

Option b) is incorrect because the average fixed does not include variable cost, so it will not fall if the variable cost gets reduced.

Option d) is incorrect because the marginal cost will change according to the change in total cost. And the total cost will fall if the variable cost falls.

Learn more about Marginal cost  :

brainly.com/question/3200587

#SPJ4

8 0
2 years ago
After these closing entries what will be the balance in the retained earnings account? Total Revenues $ 125,000 Total Expenses 6
WINSTONCH [101]

Answer:

$10,000

Explanation:

Given the data above,

5 0
4 years ago
During its most recent fiscal year, Raphael Enterprises sold 350,000 electric screwdrivers at a price of $19.50 each. Fixed cost
Reil [10]

Answer:

the variable cost is $4,025,000

Explanation:

The computation of the variable cost is as follows:

Given that

Sales units = 350,000 units.

Sale Price = $19.50.

Fixed cost = $1,225,000.

Pre tax income = $1,575,000

Based on the above information

Sale Value is

= 350,000 units × $19.50

= $6,825,000.00

Now

Contribution Margin is

= Sales - Fixed cost

= $6,825,000 - $1,225,000

= $5,600,000

And,

Variable Cost is

= Contribution margin - Pretax income

= $5,600,000 - 1,575,000

= $4,025,000

hence, the variable cost is $4,025,000

3 0
4 years ago
Assume that Cram Sales Company completed the following note payable transactions:_______.2016July 1 Purchased delivery truck cos
algol [13]

Answer:

1. How much interest expense must be accrued at December 31, 2016? $1,710

2. Determine the amount of Cram Sales' final payment on July 1, 2017.

$60,420

3. How much interest expense will Cram Sales report for 2016 and for 2017?

interest expense 2016 = $1,710

interest expense 2017 = $1,710

Explanation:

July 1 Purchased delivery truck costing $57,000 by issuing a one-year, 6% note payable.

Dr Vehicles 57,000

    Cr Notes payable 57,000

Dec 31 Accrued interest on the note payable. 2017

Dr Interest expense 1,710

    Cr Interest payable 1,710

Jul 1 Paid the note payable at maturity.

Dr Notes payable 57,000

Dr Interest payable 1,710

Dr Interest expense 1,710

    Cr Cash 60,420

5 0
3 years ago
Other questions:
  • 5-When a local auto repair shop sponsors a local softball​ team, it is using the​ _____ element of the promotional mix.
    5·1 answer
  • Weldon task has just successfully negotiated a new long-term sales agreement with a major client. the personal satisfaction weld
    5·1 answer
  • 9. Suppose an investor has two choices:Choice 1: invest in a Bond A which is a 2-year bond with an interest rate of 12% Choice B
    12·1 answer
  • Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take ?
    9·2 answers
  • Product Pricing: Single Product Assume that you plan to open a soft ice cream franchise in a resort community during the summer
    12·1 answer
  • Interest earned on a note receivable at December 31 equals $225. What adjusting entry is required to accrue this interest?
    11·1 answer
  • Use the following stockholders' equity section of Marcy Company on December 31, 2004 to answer questions 45 through
    8·1 answer
  • Influencing behavior through norms and expectations set by the organization’s culture is called __________ control.
    12·1 answer
  • During April, the first production department of a process manufacturing system completed its work on 305,000 units of a product
    15·1 answer
  • The entrepreneur who does not change the method of production already introduced is.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!