Answer:
industrial products
Explanation:
A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.
Answer:
III. I, II, III, and IV.
- I. It is part of the double-entry procedure that keeps the accounting equation in balance.
- II. It represents a decrease to assets.
- III. It represents an increase to liabilities.
- IV. It is on the right side of a T-account.
Explanation:
The debit-credit balance is necessary for maintaining the accounting equation in balance, i.e. all the debits must have a corresponding credit.
Asset accounts increase when they are debited and decrease when they are credited.
Liabilities accounts decrease when they are debited and increase when they are credited.
Debits are on the left side of a t-account and credits are on the right side.
Answer: y = 66x - 1200
Explanation: The charity organisation has to sell a number of tickets to cover their production costs of $1,200. It is given that after selling 200 tickets they retain a net profit of $12,000. Net profit is deduced as: Total sales - total costs. Sales is calculated as total tickets x selling price per ticket.
If we let b represent the sales earned from selling tickets, then:
Net profit = total sales - total costs
12,000 = 200b - 1,200
We can then solve for b by taking the 1200 to the other side of the equal sign. When we do that the sign of that number changes. This is also the same as adding 1200 to both sides of the equal sign:
∴12000 + 1200 = 200b
13200 = 200b
To get the price of one single ticket, b, we need to divide both sides by 200.
∴ b = 66
This means that each ticket's selling price is $66.
So when when we take it back to the calculation of net profit then it becomes:
Net profit = total sales - total costs
y = 66x - 1200
To test:
y = 66x - 1200
= 66 (200 tickets) - 1200
= $12,000
Answer:
The correct answer is Option A.
Explanation:
A. Losses on the sale of longminusterm assets are subtracted from net income - This is incorrect because on losses on sale of an asset are usually added to the net income to avoid double-counting of income. Under the investing section of the cash flows, the proceed received on disposal is recorded there as inflow, if the losses realized on the disposal are subtracted, there would be a double-counting because the losses had already reduced the net income before.
B. Increases in current liabilities are added to net income - This is an inflow of cash, so it is usually added back.
C. Depreciation expense is added to net income - The explanation under Option A above applies but only that depreciation is a non-cash item, which already reduced the net income and it has to be added back to reinstate the net income.
D. Gains on the sale of longminusterm assets are subtracted from net income - Explanation under Option A applies.
