Answer:
B. Creating value for customers.
Explanation:
Marketing is all about building values for customers. Its about creating customer relationships which are profit generating. Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs. Thus marketing is the bridge which connects the brand with the customers perceived value of the brand. It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition. Thus, the most important role that marketing plays in the economy is Creating Value for Customers.
Answer:
c. Bad Debt Expense 14,600 Allowance for Doubtful Accounts 14,600.
Explanation:
As for the information provided,
outstanding balance of accounts receivables = $344,000
Also that the uncollectible balance of accounts receivables is estimated = 5% of outstanding balance.
Therefore, balance at year end of allowance for uncollectible shall be = $344,000 
5% = $17,200
Provided existing balance of allowance = $2,600
Thus, entry shall be for amounting = $17,200 - $2,600 = $14,600.
Answer:
Calculate Recline’s contribution margin ratio.
Contribution Margin RATIO 34%
Calculate the break-even point in sales dollars for Recline.
Break-Even Point $1.030.556
Explanation:
- The contribution margin it's determined by the total amount of Gross Profit divided by the total value of sales. To this case $405,000/$1,192,500 = 34%
Income Statement
11.250 Quantities
$106 Unit Price
$1,192,500 Sales
-$787,500 Cost of goods sold
$405,000 Contribution Margin 34%
-$281,250 Fixed Cost
$123,750 Operating Income
- The Break Even point it's when the Operating Income is equal to zero, it means the lowest level of sales the company can afford and not loss money.
BREAK EVEN POINT
9.722 Quantities
$106 Unit Price
$1,030,556 Sales
-$787,500 Cost of goods sold
$243,056 Contribution Margin
-$243,056 Fixed Cost
$0 Operating Income
Answer:
Total Liabilities = $62.273 million
Explanation:
<em>The accounting equation state that :</em>
Total assets = capital + liabilities.
<em>This is a fundamental relationship that underpins the preparation of financial statements</em>
<em>Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.</em>
So we can apply the equation to the figures of Chester Corporation
81.965 =( $2.540 + 17.152 ) + liabilities
Liabilities = 81.965 - ( $2.540 + 17.1552 )
= $62.273 million
Total Liabilities = $62.273 million
Answer: The General offers automobile insurance online. Buyers can purchase a policy over the Internet and the company will provide immediate proof of insurance to get legal drivers on the road quickly.
This shows how electronic commerce contributes to customer value through the creation of <u>new facilities that save time and money, making the insurance system much more efficient and faster, resulting in greater comfort for customers.</u>
