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yuradex [85]
3 years ago
8

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe

rs.
Business
1 answer:
GaryK [48]3 years ago
7 0

Answer:

Option 1 and 2

Explanation:

Complete Question

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?

CHECK ALL THAT APPLY.

  1. High school athletes stop shopping there.
  2. The inventory of sports socks goes unsold.
  3. Publicity for the store declines.
  4. Profits decline because dress shoes cost less than sneakers

Solution

Sole Sister Shoe Store chooses to sell dress shoes over sneakers because  the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence  Sole Sister Shoe Store started selling dress shoes

Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes

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galben [10]

Answer:

Apple

Explanation:

A market leader can be a person, company or product that has a large market share in their industry or that dominates in their industry.

When Apple came into the market they disrupted the market a left companies they found in the market behind by concentrating on both design and user experience. By coming up with innovative products and taking design into account they made themselves a luxury brand.

They remain in the public eye, meaning that they are always coming up with new products and better offerings. They have good marketing strategies.

They aim to please their customers and make them feel like they are a part of something exclusive and luxurious.

Their vision was clear from the beginning and remains so.

Without the ability to offer a good product that is user friendly with a good design, effective marketing, innovation and a clear vision, Apple would not have been able to become a market leader so all the above are important and should be applied by any company that aims to become successful in their business.

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. Do the negative amounts for cash from investing activities and cash from financing activities concern us
Archy [21]

Answer:

Of course you should be concerned about negative cash outflows resulting from investing or financing activities.

Negative cash outflows for investing activities means that the company purchased more fixed assets or securities this year than the ones that were sold. E.g. the company purchased new equipment for $100,000. Investing activities usually require large amounts of cash.

If financing activities yield negative numbers, it means that either the company paid too much in dividends, or they paid long term debts (e.g. retired bonds or paid back bank loans), but at the same time did not raise enough capital to offset them.

When you are analyzing the finances of a company, cash is king. A company might be very profitable, but it will not survive it its cash flows are negative. If there are enough positive cash flows from operating activities to offset these other cash outflows, then the company should be OK. But if operating cash flows cannot offset them, then the company should be concerned.

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Entrepreneurship is the answer , hope this helps ! :)
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Riley Incorporated reports the following amounts at the end of the year (all amounts in $000):
PolarNik [594]

Answer and Explanation:

The presentation of the financial statement is as follows:

Income Statement

Revenues

Product revenues  $112,500

License Revenues  $250

Total Revenues (A)  $112,750

Expenses

Salaries  $62,800

Discount on Notes Payable  $7,950

Interest expense  $4,000

Depreciation expenses  $3,210

Income Tax Expenses  $3,650

Cost of Goods Sold  $17,400

Utilities  $350

Advertising Expenses  $11,300

Total Expenses (B)  $110,660

Net Income (A-B)  $2,090

Stockholders’ Equity

Statement of Stockholder's Equity

<u> Particulars                   Common Stock     Retained Earning </u>

Opening Balance           $75,000               $20,700

Add: Issue                       $5,000

Add: Net Income                                         $2,090

Less: Dividend                                            ($2000)

Closing Balance           $80,000               $20,790

 Balance Sheet

A. Stockholder's Equity

Common Stock   $80,000

Retained Earning   $20,790

Treasury Stock  (650)

Total $100,140

B. Liabilities

Mortgage Payable  $38,000

Taxes Payable  $1,020

Notes & Mortgage payable  $2,200

Accounts payable   $18,500

Notes Payable  $25,650

Wages Payable  $3,200

Total liabilities $88,570

Total Stockholders' Equity and Liabilities  $188,710

C. Assets

Equipment   $42,000

Building  $79,000

Land   $40,000

Accumulated Depreciation  (21730)

Net Accounts Receivables  $23,500

Cash  $16,140

Inventory  $6,400

Short Term Investments  $2,500

Prepaid Expense  $900

Total Assets   $188,710

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