All categories

3 years ago

The internet enables companies to decrease their emphasis on traditional promo

Business

1 answer:

Brut [27]3 years ago

3 0

Answer:

The internet has enabled companies to promote their business with listing key factors and market their products with special highlights.

Explanation:

Earlier businesses used to promote their products by door to door marketing. In this era of technology and advancement the business focus on distinct features of their product and promote the products by highlighting those distinct features which other products does not have. Consumers are impressed with the presentation style and it is easier for them to view the complete product details by sitting at home through internet.

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The following errors took place in journalizing and posting transactions:

yuradex [85]

Answer:

<u>Journal 1</u>

Debit : Prepaid Expense $37,600

Credit : Cash $18,800

Credit : Insurance Expense $18,800

<u>Journal 2</u>

Debit : Dividends $18,000

Credit : Wages $18,000

Explanation:

Journal 1

The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.

Journal 2

The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.

6 0

3 years ago

A credible online source is less likely to include

Nezavi [6.7K]

2) as opinions should be left out of factual articles and credible sources

7 0

3 years ago

Read 2 more answers

The economy experiences an increase in the price level and a decrease in real domestic output. Which of the following is the lik

Veseljchak [2.6K]

Answer: Input Prices have increased.

Explanation:

When an Economy sees prices rising but at the same time productivity is falling, the likely cause of that is an increase in Input prices.

Input Prices are the prices of the raw materials and other goods needed to produce finished goods. If these prices should rise, it becomes more expensive for producers to produce and they will therefore reduce the amount of goods they produce. This reduction in Quantity leads to an increase win prices because according to the Law of Supply and Demand, if supply reduces and demand remains the same then prices must increase till a new equilibrium is reached.

For example, imagine a hypothetical Economy of Steel Makers. If the price of Iron changed from $5 to $10, producers who were producing 20 units of Steel will see their costs double and react by producing only 10 units of Steel to maintain cost margins thereby dropping Productivity.

The 20 units of Steel used to be sold in the market at $20 but now that the supply has dropped to 10 units, the price doubles to $40 to cater for this reduction in Quantity.

7 0

3 years ago

The current price of Parador Industries stock is $78 per share. Current earnings per share are $5.1, the earnings growth rate is

zalisa [80]

Answer:

1. $5.3

2. 17.95

Explanation:

1. Earning per share today = $5.1

Earning growth in one year = 4%

So, the EPS one-year ahead:

= Earning per share today × (1 + Earning growth in one year)

= 5.1 × 1.04

= $5.3

2 . Market price one-year ahead:

= Current price × (1 + expected return on Parador stock)

= 78 × 1.22

= $95.16.

P/E Ratio = Market price per share ÷ Earning per share

P/E Ratio = 95.16 ÷ 5.3

= 17.95

8 0

3 years ago

The following trial balance of Oriole Co. does not balance.

Neko [114]

Preparation of a correct trial balance of Oriole Co.

ORIOLE CO. Trial Balance

June 30, 2020

Debit side

Cash $3,305

Accounts receivable $2,666

Supplies $300

Equipment $5,110

Dividends $980

Wages expense $3,900

Office expense $1,345

Total debit balance $17,606

Credit side

Accounts payable $2,605

Unearned service revenue $875

Common stock $6,405

Retained earnings $3,405

Service revenue $4,316

Total Credit balance $17,606

•Cash = $3,275 + $750 - $570 -$75 - $75= $3,305

•Accounts receivable =$2,846 - $750 + $570 =$2,666

•Supplies =$1,205-$905 =$300

•Equipment =$4,205 +$905 =$5,110

•Accounts payable =$3,071- $206 -$260 =$2,605

•Unearned service revenue =$1,605 -$730 =$875

•Service revenue =$2,785 +$890 - $89 +$730 = $4,316

•Wages expense =$3,805 +$1,075 -$980 =$3,900

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2 years ago