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3 years ago

A company should develop its marketing strategy and then determine the wants and needs of its customers.

Business

1 answer:

Andrew [12]3 years ago

3 0

Answer:

True

Explanation:

This is true as by doing this you will be able to understand what is in demand in order to gain loyal customers for the business' growth and fill a gap in the market industry.

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Wen Co. purchased a building for $200,000. Wen paid $20,000 in lawyer and title fees. Wen also paid an additional $15,000 to mod

Alexeev081 [22]

Answer:

$235,000

Explanation:

A company can capitalize the cost of assets, delivery cost, legal & documentation charge and any other directly attributable cost that is incurred to bring the asset in the condition as intended by management.

Therefore, cost of asset, title fee and building modification fee shall be added in the cost of asset as follows:

Cost of Asset 200,000

Lawyer and title fee 20,000

Building Accommodation <u> 15,000</u>

Total <u>235,000</u>

4 0

3 years ago

Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation

Ludmilka [50]

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces. But, during expansion, product output rises with rising income, employment, and even stable inflation.

II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.

III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises. It reduces when the economy enters a recession.

Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation. It usually cascades between the spectrum of expansion and recession. This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

5 0

3 years ago

One right of the free enterprise system is the right to

eduard

Answer:

The key ingredient of the free enterprise system is the right of individuals to make their own choices in the purchase of goods, the selling of their products and their labor, and their partici- pation in business structure.

Explanation: <3

4 0

3 years ago

information systems transform raw data into information that can be used to make decisions. What is another important factor to

Reptile [31]

A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.

3 0

3 years ago

Balance Sheet (partial) Stockholders’ equity Paid-in capital Preferred stock, cumulative, 11,833 shares authorized, 7,100 shares

pickupchik [31]

Answer:

a) 548,000 shares

b) The stated value = $3 per common stock.

c) The par value of the preferred stock = $100

d) The dividend rate of preferred stock = 7%

e) Reported for retained earnings = $1,079,600

Explanation:

A. Number of outstanding common stock = Number of Common stock - Treasury stock

Given,

Number of Common stock issued = 555,000 shares

Treasury stock = 7,000 common shares

Treasury stock is the purchasing of the company's own stock from the market.

Therefore, Number of outstanding common stock = (555,000 - 7,000) shares

Number of outstanding common stock = 548,000 shares.

The stock of the firm has no par value. It means the full amount is either in the premium or in stated value. Therefore, the firm's declared value of the common stock is the total common stockholders' equity divided by the total number of common stock issued.

Hence, the formula is,

The stated value = $\frac{total common stockholders' equity}{total number of issued common stock}$

The stated value = $\frac{1,665,000}{555,000}$

The stated value = $3 per common stock.

We know,

The par value of the preferred stock = $\frac{Total preferred stock amount}{Number of preferred stock}$

Given,

Total preferred stockholders' equity = $710,000

Number of preferred stock = 7,100 shares

Putting the value in the formula,

The par value of the preferred stock = $\frac{710,000}{7,100}$

The par value of the preferred stock = $100

It is the selling price to the preferred stockholders for every preferred stock.

Given,

The annual dividend = $49,700

Total preferred stockholders' equity = $710,000

We know, the dividend rate of preferred stock = $\frac{Annual Dividend paid to the preferred stockholders}{Total preferred stockholders' equity}$ x 100

Therefore,

The dividend rate of preferred stock = $\frac{49,700}{710,000}$ x 100

The dividend rate of preferred stock = 7%

This is a fixed rate and for this firm, it is cumulative. Therefore, the firm's preferred stockholders' will receive 7% dividend per year.

Since the preferred stock of this firm is cumulative, therefore, the dividend has to be paid to the preferred stockholders if there are any outstanding amount remains in the previous year. Therefore, if there were $71,400 arrears of dividends, the firm would give those amounts from the retained earnings' balance.

Given,

Retained earnings = $1,151,000

Arrear preferred dividend = $ (71,400)

The balance would be reported for retained earnings = $1,079,600

3 0

3 years ago