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3 years ago

Which of the following best explains the difference between short-term and long term planning?

1 answer:

8 0

What are the differences between short- and long-term planning? Short-term planning evaluates your progress in the present and creates an action plan to improve performance daily. However, long-term planning is a comprehensive framework that comprises of goals to be met within a four- to five-year period.

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Will the fact that the euro has become the standard currency in the EU help or hinder a new McDonald's franchise in Europe?

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3 years ago

Read 2 more answers

During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues. On

serg [7]

Answer:

Explanation:

The company sold 6 advertising spaces that would run from July to December for $400 each.

Total amount received for selling 6 advertising spaces = 6×$400

Total amount received for selling 6 advertising spaces = $2,400

The advertising spaces will run for 6 months i.e., July to December.

So, adjusting entry on 31st July would record the revenue earned for 1 month only.

Total revenue = $2,400

No. of months = 6

Revenue for 1 month = $2,400/6

Revenue for 1 month = $600

Thus, journal entry on receipt of cash as well as adjusting journal entry has been shown below:

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3 years ago

At December 31, 2020, the following information was available from Pharoah Co.'s accounting records:

Liono4ka [1.6K]

Answer:

Pharoah's inventory at December 31, 2020 was $81,120. The right answer is a.

Explanation:

In order to calculate Pharoah's inventory at December 31, 2020 we would have to calculate the following formula:

Ending inventory at cost=Ending inventory at retail*Cost to Retail ratio

Cost to Retail ratio=$772,000 ÷ $1,184,000

Cost to Retail ratio= 0.65

Ending inventory at retail=($1,184,000 – $9,200 – $1,050,000)

Ending inventory at retail=$124,800

Therefore, Ending inventory at cost=$124,800× 0.65

Ending inventory at cost=$81,120

Pharoah's inventory at December 31, 2020 was $81,120

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4 years ago

Epic Electronics is considering a strategy to charge a very high introductory price for their automobile video theater. After id

Valentin [98]

Answer:

Epic Electronics is considering a strategy to charge a very high introductory price for their automobile video theater. After identifying that their rival firms did not carry this new product, they chose this pricing strategy to achieve maximum profits. Epic Electronics has chosen a<u> skimming </u>strategy.

Explanation:

Price skimming is a pricing strategy in which a marketer fixes a relatively high initial price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management.

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3 years ago

A consultancy firm that provides a wide range of services relating to tax payments and tax law is known for performing these ser

Morgarella [4.7K]

Answer:

The correct answer is d. reliability .

Explanation:

The level of reliability is widely recognized by the market, based on successful experiences in the provision of consulting services by this company. This means that many clients have placed their trust and received excellent treatment, and there is a high probability that disputed cases can be won. Voice-to-speech is a way for companies to gain popularity, without the need to invest large sums of money in promotion.

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3 years ago