The lower-priced caskets are positioned in the higher mark-on quartile in accordance with price progression. Caskets that cost less will be marked up more.
<h3>What is Pricing Method?</h3>
The pricing method are the ways in which the cost of goods and services can be determined after taking into account all the variables influencing the pricing strategy as a whole, including the product or service, the competition, the target market, the product's life cycle, the firm's expansion plans, etc.
A pricing strategy is a plan or technique for choosing the most competitive price for a good or service. It assists you in setting prices while taking customer and market demand into account in order to maximize profits and shareholder value.
With this price strategy, as the consumer's investment rises, so does the value to them as opposed to value progressive pricing. An approach to pricing in which the cost of the casket and the markup are inversely related.
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Answer: A. $4,600,000; $3,900,000
Explanation:
Based on the information that have been provided in the question, the book value will be calculated as:
= Net working capital + Current liabilities + Net fixed assets
= $725,000 + $1,375,000 + $2,500,000
= $4,600,000
Market value will be:
= $1,900,000 + $2,000,000
= $3,900,000
Therefore, the answer is option A.
Answer:
I will be willing to pay $1,106 for a vanguard bond.
Explanation:
Coupon payment = Par value x Coupon rate
Coupon payment = $1,000 x 8%
Coupon payment = = $80
Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond =$80 x [ ( 1 - ( 1 + 7% )^-20 ) / 7% ] + [ $1,000 / ( 1 + 7% )^20 ]
Price of the Bond = $80 x [ ( 1 - ( 1.07 )^-20 ) / 0.07 ] + [ $1,000 / ( 1.07 )^20 ]
Price of the Bond = $848 + $258
Price of the Bond = $1,106
The will require him to submit a business plan and a financial plan.
Answer and Explanation:
The journal entries are shown below:
a. Deferred revenue Dr ($3,750 ÷ 3 months) $1,250
To Revenue $1,250
(Being the revenue of three month is recorded)
b. Advertising expense Dr ($2,550 × 10 ÷ 30) $850
To Prepaid advertise $850
(Being the advertising expense is recorded)
c. Salary expense Dr $7,500
To Outsanding salary $7,500
(Being the salary expense is recorded)
d. Interest expense Dr ($65,000 × 6% × 4 months ÷ 12 months) $1,300
To Accrued interest $1,300
(being the interest expense is recorded)
The four months is taken from August 31 to December 31
