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Zinaida [17]
3 years ago
8

The marketing manager of Raven Golf Club finds that the club can increase its market share of it slashes membership prices durin

g the first quarter of the year. However, it would mean that the club will not achieve its target return on investment. This conflict illustrates
Business
1 answer:
Anna35 [415]3 years ago
3 0

Answer:

Conflicts arise between pricing objectives, so sometimes you need to trade-off profit maximizing pricing objectives for market share maximizing pricing objectives, or vice versa.

Explanation:

Your pricing objectives can be either a price that maximizes profit, or a price that maximizes market share and sales volume.

The problem is that most of the times you cannot set one price that will achieve all the possible pricing objectives.

For example, if you want to maximize profit, your price will be high, but your sales volume will be small. If you want to increase your market share, you must sell your products at a low price.

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Roper Electronics received its bank statement for the month of August with an ending balance of $11,740. Roper determined that c
lesya [120]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relatin
kobusy [5.1K]

Answer:

A: we reocrd at cost, which is the discounted price:

40,000 x (1 - 2%) = 39,200

Equipment 39,200 debit

          Cash               39,200 credit

B: we discount the note implicit interest:

42,000 / 1.12 = 37,500

Equipment    37,500 debit

    Note payables          37,500 credit

C: Because; there is commercial substance we recognize the loss on the old equipment as the book value is 13,500 while it is being traded at 8,500

We write off, post the cash used and the loss. The new equipment enter the accounting for the difference to blaance the entry:

equipment           45,500 debit

acc depreciation 15,500 debit

loss at disposal    5,000 debit

                 cash         37,000 credit

                 equipment 29,000 credit

D: we evaluate the equipment at fair value

Equipment      40,000 debit

  common stock              2,500            credit

  additional paid-in         37,500           credit

We now it is no-par therefore there is an additional paid in.

<em>As we aren't provide with the face value we assume is 1 dollar.</em>

Explanation:

5 0
3 years ago
Problem 10-171 The following labor standards have been ... The following labor standards have been established for a particular
lozanna [386]

Answer:

Labour rate variance    $2,925 unfavorable

Explanation:

<em>The labour rate variance is the difference between the standard labour cost allowed for the actual hours worked and  the actual labor cost for the same hours</em>

                                                                               $

Standard labour cost ($19.70× 6500)                128,050

Actual labour cost                                               <u>130,975</u>    

Labour rate variance                                           <u> 2,925 unfavorable</u>

                                 

4 0
3 years ago
Process tailoring is best undertaken on agile projects when
Mkey [24]
It's best to use process tailoring when they are facing difficulties with the current agile projects strategy or they want to create improvement by trying new things.
Through process tailoring, management could adjust current strategy with unique problems/situation that faced by the organization in order to increase the efficiency.
5 0
3 years ago
Read 2 more answers
Brody owns all the stock in Mongoose Corporation. Brody has a basis of $200,000 in the Mongoose stock, which currently has a fai
oee [108]

Answer:

d. None of the above.

Explanation:

Option D is correct because Brody has a basis of $200000 Mongoose stock and its market value is $500000. After the merger, Brody receives $200000 preferred stock and $300000 common stock which is equal to its market value of a stock before the merger so there is no gain.

3 0
2 years ago
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