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maksim [4K]
2 years ago
10

Tamekia reports that the market leader in the TZX mitt category has 60 percent of all sales in the market and spends $240,000 a

year, or 60 percent of all advertising expenditures, to support the brand. Under the share of market/share of voice system, Great Catch should be prepared to spend at least ________ if it hopes to achieve a market share of 30 percent.
Business
1 answer:
Zina [86]2 years ago
7 0

Answer: $120000

Explanation:

Share of voice refers to the measure of the exposure that a particular business gets when it's being compared to other competitors. The share of market is the percentage of a market that a company earns.

From the information given, since 60% of the market sales equate to $240000 spent a year, then in order to achieve a market share of 30%, ½ of $240000 will be spent which is $120000. Therefore, Great Catch should be prepared to spend at least $120000 if it hopes to achieve a market share of 30 percent.

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Cute Camel Woodcraft Company is considering a one-year project that requires an initial investment of $500,000; however, in rais
vfiekz [6]

Answer:

The correct answer is "32.076%".

Explanation:

Given:

Initial investment,

= $500,000

Cash inflows,

= $500,000

The floatation cost will be:

= 500,000\times 6 \ percent

= 30,000 ($)

The total cost will be:

= Initial \ investment+Floatation \ cost

= 500000+30000

= 530000

hence,

The rate of return will be:

= \frac{Inflows}{Cost} -1

= \frac{700000}{530000} -1

= \frac{700000-530000}{530000}

= 0.32076

= 32.076 (%)

8 0
2 years ago
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu
Gwar [14]

Answer:

$582,100

Explanation:

Cost of land                  $570,000

Less;Salvage parts sold ($23,000)

Demolition of old building   $33,000

Land preparation and leveling $2,100

Total cost of land                       $582,100

The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.

4 0
3 years ago
Saving some private time for yourself and learning to pigeon hole problems are two examples of
Bingel [31]
<span>These two examples relieving stress from work.  We all need some space especially after a hard day at the office.  The time we take for ourselves help us relieve ourselves of stress or any other thing that would cause us anxiety.  Sorting and categorizing problems help us prioritize what to do first so as to stay for focus on doing our jobs.</span>
7 0
2 years ago
Read 2 more answers
Which one of the following statements is TRUE?
Nataliya [291]

Answer:

D.

Explanation:

Agency relationship implies that one person referred as principal allows another person agent to take decision or act on former's behalf.

In an agency relationship, the principal delegates decision-making authority to the agent.

8 0
3 years ago
Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missin
tankabanditka [31]

Answer:

<u>For 2013:</u>

Net sales = $279,000

Ending inventory = $32,000

Purchases = $242,000

<u>For 2014:</u>

Sales revenue = $360,000

Cost of Goods sold = $269,000

Ending inventory = $24,000

<u>For 2015:</u>

Net sales = $390,000

Sales returns and allowances = $20,000

Beginning inventory = $24,000

Ending inventory = $31,000

Explanation:

Note: See the attached excel file for the tabulated income statement data to see the filled missing amounts. The answers are the ones in bold red color.

For each of the years, the calculations are done as follows:

<u>For 2013:</u>

Net sales = Sales revenue - Sales returns and allowances = $290,000 - $11,000 = $279,000

Ending inventory in 2013 = Beginning inventory in 2014 = $32,000

Purchases = Cost of Goods sold - Beginning inventory + Purchase returns and allowances – Freight-in + Ending inventory = $233,000 - 20,000 + 5,000 - 8,000 + $32,000 = $242,000

<u>For 2014:</u>

Sales revenue = Sales returns and allowances + Net sales = $13,000 + $347,000 = $360,000

Cost of Goods sold = Net sales - Gross profit on sales = $347,000 - $91,000 = $269,000

Ending inventory = Beginning inventory + Purchases - Purchase returns and allowances + Freight-in - Cost of Goods sold = $32,000 + $260,000 - $8,000 + $9,000 - $269,000 = $24,000

<u>For 2015:</u>

Net sales = Cost of Goods sold + Gross profit on sales = $293,000 + $97,000 = $390,000

Sales returns and allowances = Sales revenue - Net sales = $410,000 - $390,000 = $20,000

Beginning inventory in 2015 = Ending inventory in 2014 = $24,000

Ending inventory = Beginning inventory + Purchases - Purchase returns and allowances + Freight-in - Cost of Goods sold = $24,000 + $298,000 - $10,000 + $12,000 - $293,000 = $31,000

Download xlsx
5 0
3 years ago
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