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laila [671]
3 years ago
9

Aunt Gayle is the sole proprietor of a cupcake catering company. She mostly makes her cupcakes for parties, weddings, and wakes.

Business has grown slowly, and her resources are fairly limited. What marketing strategy would work best for her small company
Business
1 answer:
Bingel [31]3 years ago
8 0

Answer: niche marketing

Explanation:

The marketing strategy that would work best for her small company is the niche marketing.

Niche marketing is a strategy whereby the company focuses on a unique target market rather than focusing on the whole market as a whole. It is regarded as a segment of a larger market that has its own preferences and needs.

Since business has grown slowly, and her resources are fairly limited, the company can focus on a particular segment in the market using the niche marketing.

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Between _________, it is estimated that Spanish America produced 150,000 tons of silver (including gold converted into silver we
liq [111]

Answer:

1550 - 1750

Explanation:

The primary mining centers in colonial Spanish America were Potosi in southern Bolivia, and Zacatecas and Guanajuato in northern Mexico. Measured in current dollars, silver worth tens billions of dollars was extracted and shipped to Europe during colonial times, but currently those places are extremely poor.  

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4 years ago
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4 years ago
The demand for the services of trish's computer services has increased. trish employs several workers who diagnose and fix clien
MArishka [77]

Answer:

1) what will happen to the mrp and wages of trish's workers?

the marginal revenue product (MRP) is defined as the additional revenue generated by employing one extra unit of labor. In this case, the MRP will exceed the wages paid by Trish, generating economic rent or above average returns.

2) the wage rate is w2; the old wage was w1. what is the economic rent trish's workers now earn?

If Trish raises her employees' wages due to the increasing in price, then her employees will be earning economic rent = w2 - w1. This means that their wage is higher than the usual wage that would be paid for doing that job.

3) define economic rent.

Economic rent is defined as the additional profit generated by a business that exceeds its opportunity cost.

Economic rent = marginal revenue product – opportunity cost

The opportunity cost is the extra costs or benefits lost from choosing one activity or investment over another alternative.

In this case, Trish is earning an economic rent with her business because her earnings are higher than any other earnings that she could make by investing in something else.

4) what factors affect the elasticity of supply of the labor supply curve that trish faces as she hires workers?

The elasticity of the labor supply curve shows how much a 1% change in wages affect the quantity of labor supply (in % also).

In this case, the factors affecting the labor supply would be the substitution effect and the income effect of a rise in wages. Both factors are opposite, and in this case I would believe that the substitution effect would be greater.

  • The substitution effect means that workers will start working more because they are paid a higher wage. they will be willing to give up leisure time in order to work more hours and earn a higher salary.
  • The income effect means that workers will start working less hours due to higher wages per hour.
8 0
4 years ago
Firm A acquires firm B when firm B has a book value of assets of $175 million and a book value of liabilities of $45 million. Fi
Vedmedyk [2.9K]

Answer:

 goodwill = $65

Explanation:

given data

book value of assets = $175 million

book value of liabilities = $45 million

actually pays  = $195 million

to find out

purchase would result in goodwill

solution

we get here first Value of firm B that is

Value of firm B = Value of Assets - Value of Liabilities    .................1

Value of firm B = $175 - $45

Value of firm B = $130

and  

goodwill = purchase cost - value of firm's assets      .....................2

goodwill = $195  - $130

 goodwill = $65

6 0
3 years ago
Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $
Viefleur [7K]

Answer:

A. $2.40 per Machine hour

B. Underapplied = $10,000

C. cost of goods sold (debit) $10,000 , overheads (credit) $10,000

Explanation:

A) Compute the manufacturing overhead rate for the year

Overhead Rate = Total  Fixed Overheads / Budgeted Activity

                         =   $300,000 / 125,000 Machine hours

                         =   $2.40 per Machine hour.

B) What is the amount of under- or over applied overhead at December 31st?

Under Applied Overheads = Actual Overheads > Applied Overheads

Over Applied Overheads = Actual Overheads < Applied Overheads

Actual Overheads = $322,000

Applied Overheads = $2.40 × 130,000 hours = $ 312,000

Underapplied = $10,000

C) Prepare the adjusting entry to assign the under- or overapplied overhead for the year to cost of goods sold.

cost of goods sold (debit) $10,000

overheads (credit) $10,000

7 0
4 years ago
Read 2 more answers
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