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3 years ago

1. What is the difference between pricing objectives and pricing constraints?

1 answer:

8 0

Answer: pricing constraints are factors that limit the range of price a firm May set,such as newness of the product (alternative) , demand for the product class, product, and brand (alternative), cost of producing in marketing the product (alternative), competitors prices.

Pricing objectives-include maximizing profit, increasing sales volume, matching competitors prices,each pricing requires a different price-setting strategy in order to successfully achieve.

Explanation:

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The annual depreciation taken on a vehicle totals $4,400. The vehicle has been in service for three full years and the adjusting

KonstantinChe [14]

Answer:

Depreciation expense = $4,400

Accumulated depreciation = $13,200

Explanation:

Depreciation: The depreciation is the amount which decreases the value of the asset. It can be by obsolescence, usage, tear and wear, etc.

The annual depreciation is given i.e. $4,400 which will be charged in depreciation expense whereas the accumulated depreciation would be equal to

= Annual Depreciation × useful life

= $4,400 × 3

= $13,200

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3 years ago

The following information is related to Kingbird Company for 2017.

Sati [7]

Answer:

Net income is $2,474,000

Retained earning for the year 2017 is $2,142,000

Retained earnings balance at December 31, 2017 is $3,123,000

Explanation:

A multi-step income statement is an income statement that shows gross profit and the detailed of each category of expenses and incomes to arrive at the net income of a company for a particular period.

This can be prepared as follows:

Kingbird Company

Mutiple step income statement

for the year ended December 31, 2017

Details $

Sales Revenue 26,100,000

Cost of goods sold (16,100,000)

Gross profit 10,000,000

Operating expenses:

Selling and administrative expenses (4,710,000)

Operating income 5,290,000

Other income (loss):

Gain on the sale of investments 111,000

Write-off of goodwill (821,000)

Loss due to flood damage (391,000)

Interest income:

Interest revenue 71,000

Income before tax 4,260,000

Income taxes for 2017 (1,254,000)

Income after tax 3,006,000

Extraordinary items:

Loss on wholesale div. disp. (net of tax) (441,000)

Loss on wholesale div. op. (net of tax) (91,000)

Net income 2,474,000

Preferred stock dividend (81,000)

Common stock dividend (251,000)

Retained earning for the year 2017 2,142,000

Retained earnings balance, Jan. 1, 2017 981,000

Retained earnings bal., Dec. 31, 2017  3,123,000 

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3 years ago

The following stockholders' equity accounts arranged alphabetically are in the ledger of Wildhorse Co. at December 31, 2020.

Andrei [34K]

Answer:

Wildhorse Co.

The stockholders' equity section of the Balance Sheet at December 31, 2020

Preferred Stock (8%, $101 par, noncumulative) 414,100

Paid-in Capital in Excess of Par-Preferred Stock 48,700

Common Stock ($12 stated value) 1,776,000

Paid-in Capital in Excess of Stated Value-Common Stock 659,000

Treasury Stock-Common (7,900 shares) (96,000)

Retained Earnings 782,000

Total stockholders' equity $3,583,800

Explanation:

a) Data:

Preferred Stock (8%, $101 par, noncumulative) 414,100

Paid-in Capital in Excess of Par-Preferred Stock 48,700

Common Stock ($12 stated value) 1,776,000

Paid-in Capital in Excess of Stated Value-Common Stock 659,000

Treasury Stock-Common (7,900 shares) (96,000)

Retained Earnings 782,000

Total stockholders' equity $3,583,800

b) The major components of the stockholders' equity include the stock accounts, paid-in capital, retained earnings, and the treasury stock. The stockholders' equity represents the difference between the assets and the liabilities of Wildhorse Co. The equity section shows the capital contributions of Wildhorse stockholders and the accumulated retained profits.

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3 years ago

Benefits of delocalisation of firms

inna [77]

Answer

It encourages the establishment of support business enterprises

Explanation:

This promotes national attachment and solidarity; and furthermore diminishes provincial urban relocation. Market for crude materials: localization makes showcase for privately delivered crude materials in this way making work and winning makers pay.

When numerous organizations are situated in one locale, foundations, for example, banks, insurance agencies, and merchants are probably going to set up organizations in the region to offer administrations required

Production of a pool of work: When ventures are moved in one zone, individuals will, in general, relocate to that district looking for business along these lines empowering the making of a pool of work power.

6 0

3 years ago

A(n) ________ indicates the decision variables set by the buyer, such as product availability, the backup stock needed to provid

Anestetic [448]

Answer:

Inventory Management Report

Explanation:

Inventory management is the most essential part of every organization where an organization manages its raw material, check their availability of a product, back storage so that company doesn't get a shortage of its product and the quantities. On the other hand inventory management report indicates the strong decision variables are set by the buyers.

Therefore from the above explanation, the correct answer is an inventory management report.

4 0

3 years ago