Answer:
The cost of goods sold that would be reported on the incoem statement is $70000
Explanation:
The cost of goods sold is the value or cost of the inventory that a business sells to its customers. The cost of goods sold for the year can be calculated using the following formula.
Cost of Goods Sold (COGS) = Opening Inventory + Purchases for the year - Closing Inventory
Thus, Elm Corporation has a cost of goods sold to report on this year's income statement of:
COGS = 32000 + 57000 - 19000 = $70000
Answer: net exports
Explanation:
Balance of payment simply shows the estimation of the inflows and outflow of a nation's money for a certain year. It should be noted that current account of the balance of payment consists of three main components which are the trade in Goods, the trade in services, and the transfer payments.
The trade in goods is segregated into imports and export. This therefore makes the net exports volatile and vital because it has higher share in a current account.
Before the foundation of the United States, the Kingdom of Britain owned the 13 colonies on the East shore of North America. Those colonies were separated into 3 regions: the New England, the Middle Colonies, the Southern Colonies. Economic activities and trade was dependent of the environment in each of those regions. Economy in the New England : ship building industry, fishing, trade. Economy in the Middle Colonies: farming, lot of jobs for skilled workers. Also merchants invested money in colonies. In the Southern Colonies: cotton and tobacco-industry. The economy impact the livelihood of the original 13 colonies by giving jobs and money to the colonists.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either "Passive or Interactive."
<h3>What is IMC?</h3>
Integrated marketing, which coordinates all facets of a brand's marketing, is a systematic method to merging communications with interactive experiences targeting specific markets and individuals.
Some characteristics of integrated marketing communication are-
- The goal of integrated marketing is to increase brand knowledge, familiarity, favorability, and buy intent.
- When communications are coordinated across channels, the outcomes are much greater than when using a less integrated strategy that does not coordinate.
- The integration between marketing has never been challenging or more crucial due to the emergence of a variety of new digital advertising platforms during the past ten years.
- The integrated marketing communications (IMC) plan transforms your marketing department from a collection of independent operations into one cohesive strategy.
- IMC combines your numerous marketing materials and channels, including digital, social media, PR, and direct mail, into one trustworthy message.
To know more about integrated marketing communications, here
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