Answer:
The advantages of entering a market early are:
First mover advantage
Less competition
Patents
The advantages of entering a market late includes:
Certainty
Less research and development costs
Explanation:
First mover advantage refers to the benefits that accrues to a business from being a pioneer in one line of business,the company would be able to charge a price high enough to cover its costs and above all make profits.
At early stage of an industry,competition is less,larger market share can be gained.
Entering a market early makes it possible for a company to acquire patents that prevent others from producing products of its kind.
Also,entry a market late brings some benefits,in that the structure of the market is already known,uncertainty around the size of the market has given way and also the research and development costs can be minimized as the product specification is well known.
Answer:
- FICA-social security taxes payable due in 40 days
- Portion of long term note due in 1 month
Explanation:
Current Liabilities refer to obligations owed in a 12 month period. Anything longer is classified as Long Term.
From the options listed the current liabilities will therefore be;
Sales Tax Payable which are the taxes that the government charges on goods and services and it is the responsibility of business to collect these and remit them to the Government on time. This is a current liability as these are remitted quite frequently.
The FICA social security taxes payable due in 40 days is also a current liability due its time period being less than a year.
A portion of a long term loan due in a month will be considered current also due to its time period.
Answer:
The shareholder's dividend income = fair market value - mortgage value = $246,000 - $74,415 = $171,585
The shareholder's basis in the property received = fair market value = $246,000
Explanation:
Even though Global has enough earnings and profits to distribute dividends (it cannot distribute dividends if it didn't make a profit or doesn't have retained earnings), it might not have enough cash available to do so. This way the company is fulfilling its obligations with its shareholder while not using its cash reserves.
Answer:
True
Explanation:
Enterprise system, which is also referred to Enterprise resource planning (ERP) refers to a business software which is implemented centrally so as to help coordinate and exchange data smoothly between departments and people.
Such a system makes it convenient for the businesses to share information within as well as with outside parties of an organization and helps integrate information between different departments.
Initially, the ERP software was primarily used by businesses for internal business processes but gradually it has been applied for suppliers, customers and outside business functions.
Effective application of such a system ensures competitive advantage to an enterprise.
Answer:
Determine how effective television commercials are in convincing viewers to purchase new vehicles
Explanation:
By determining how effective TV commercials are to persuade the customers to purchase the vehicles will help Eric study the relationship between local television commercials and the sales of new vehicles.
This will ultimately help him develop an effective marketing plan to advertise vehicles via TV commercial to boost the sales