Answer: False
Explanation: The failure happened in the case is due to the wrong pricing by the supplier and is not a market failure. The given case illustrates the law of demand that operates due to the income effect.
The cable company in the given case did not do its market research properly and overpriced their product, which resulted in less demand and eventually failure of the product in market.
Thus, from the above we can conclude that the given statement is false.
Answer:
Prospecting.
Explanation:
This is known to be the first step that is been taken in a bid to get potential customers in a marketing process. Its made by of these marketers is firstly to qualify a recipient as a prospect and is other cases, someone who may have a need for your business products or services, or not. Its goal of is to develop a database of likely customers and then systematically communicate with them in the hopes of converting them from potential customer to current customer.
What's covered; what's not. A homeowners insurance policy can cover damage caused by such perils as fire, windstorms, hail, lightning and vandalism. Typically, damage caused by floods and earthquakes are excluded. Optional coverages and policies may be available to cover damage due to additional perils.
Answer: (B) Subtract beginning unearned service revenue.
Explanation: The difference between cash-basis and accrual-basis accounting is the timing of when revenue and expenses are recognised. While cash-basis accounting recognises revenue when actual cash is received or when cash is paid for expenses, accrual-basis accounting recognises revenue when it is earned and when expenses are incurred.
To treat cash receipt from customers on service revenue using accrual-basis accounting, the cash receipt would be warehoused in unearned service revenue account, when the service is rendered or depending on the timing of the service (how long the service takes), the unearned service revenue would be unwound to revenue.
Answer:
$22,000 excess
Explanation:
The excess (deficiency) of cash available over disbursements = budgeted beginning cash balance + Total budgeted cash receipts - Total budgeted cash disbursements
The excess (deficiency) of cash available over disbursements = $21,000 + $193,000 - $192,000 = $22,000 excess
The excess of cash available over disbursements for July will be $22,000.