Answer:
skimming is more flexible than penetration
Explanation:
- When Prestige uses price skimming with highest initial possible price because price skimming is more flexible than penetration pricing
- As Penetrating pricing and price skimming are the marketing strategies that companies typically employ when launching new products or services. Both approaches work for businesses.
- Penetration pricing relies on lower upfront prices to attract customers, while skimming is the use of higher upfront prices to maximize short-term profits from most avid and willing customers.
Answer:
$11,500
Explanation:
The elements of the income statements (revenue and expenses) are usually closed to the income summary.
The revenue account is normally a credit balance and would be closed by debiting it and crediting the income summary while the expense which is usually a debit balance is closed by crediting the account and debiting the income summary.
The dividend declared and paid is a part of the retained earnings and is not closed to the income summary.
Hence the balance in the Income Summary account prior to closing net income or loss to the Retained Earnings account
= $18,000 - $6,500
= $11,500
Starbucks was successful in entering the Chinese market because it successfully connected the coffee way of life with younger generation of Chinese consumers.
Starbucks, despite being a highly digitized company, creates an environment that makes Millennials feel like they are a part of the community. Starbucks creates an environment that aligns with Millennial culture and encourages face-to-face interactions, from family style seating to urban high-top tables.
Starbucks intends to increase its store count in China, its second-largest market, by 50% to 9,000 by 2025, as well as double its sales and quadruple its operating income, through initiatives such as store expansion, increased omnichannel engagement, and at-home and on-the-go coffee services.
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Answer:
$460,000
Explanation:
Given that,
Sales:
Jan. = $500,000
April = $490,000
Feb. = $740,000
May = $740,000
Mar. = $380,000
June = $610,000
Total cash receipts for April 2012:
= Cash receipts from February Sales + Cash receipts from March Sales + Cash receipts from April Sales
= (740,000 × 10%) + (380,000 × 50%) + (490,000 × 40%)
= $74,000 + $190,000 + $196,000
= $460,000
The answer is letter D. How long it would take to pay the total balance due if only minimum payments are made.
