All categories

3 years ago

What is the Importance of sales promotion

1 answer:

3 0

Is to boost sales of a product by creating demand. Doing this draws new customers and keeping the ones they already have

You might be interested in

Slide Corporation reported net income for the current year of $370,000 and paid cash dividends of $50,000. Power Company holds 4

expeople1 [14]

Answer:

$20,000

Explanation:

Since Slide Company does not have any controlling interest which is ability to influence the decision making.

In Power Company, it should recognize the amount of below as dividend income in the current year,

50,000 * 40% = $20,000

7 0

3 years ago

Jason is shopping at Hollister. Hollister has a sale: spend $100 saves 10%. If Jason buys clothes that costs $100, how much will

densk [106]

Answer:

$90

Explanation:

Hollister has an offer of 10% savings for every purchase.

Jason buys clothes for $100. His savings will be 10% of $100

=10/100 x100

=0.1 x 100

=$10

Jason will pay

=$100 - $10

=$90

Jason will pay $90

8 0

3 years ago

Bob bought some land costing $16,390. today, that same land is valued at $46,817. How long has bob owned this land if the price

faltersainse [42]

Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.

We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.

Compounding means calculating amount on the principal and the amount added interest.

Rate of increasing the price of land be 6%.

Price when Bob bought the land=$16390.

Price of land today=$46817.

It is like compounding of interest and the sum is calculated as under:

S=P* $(1+r)^{n}$

In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.

46817=16390 $(1+0.06)^{n}$

46817/16390= $(1.06)^{n}$

$(1.06)^{n}$ =2.8564

$(1.06)^{n}$ = $(1.06)^{18}$ (Approximately)

From both the sides we will get n=18.

Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Learn more about compounding at brainly.com/question/2449900

#SPJ4

4 0

2 years ago

Alvin's Transport has total credit sales for the year of $182,000 and estimates that 3% of its credit sales will be uncollectibl

goldfiish [28.3K]

Answer:

S/n Account Title and Explanation Debit Credit

a. Bad Debt Expense $5,460

($182,000 sales x 3%)

Allowance for Doubtful Accounts $5,460

(To record bad debt expense)

b. Bad Debt Expense $5,460

($182,000 sales x 3%)

Allowance for Doubtful Accounts $5,460

(To record bad debt expense)

4 0

3 years ago

If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will

Ivan

Your answer should be: "There is not enough information to answer." Hope I helped! :)

3 0

3 years ago