Answer:
The correct answer is False.
Explanation:
Advertising really tries to increase the purchase levels of products and services, not specific brands. Therefore, this statement is false considering that although all economic transactions affect GDP (positively or negatively), the advertising function is not aligned with its duty.
Answer:
produce unique products
Explanation:
when a business produce unique products can't be threatened by substitution products
Answer:
Since the lease amount varies, we must calculate the annual rental income using the following formula:
annual rental income = {lease year 1 - (lease year 1 x 6/12) + [lease year 2(and beyond) x number of remaining contract years] / total number of contract years}
annual rental income = [$8,000 - ($8,000 x 6/12) + ($12,500 x 4)] / 5 years = {$8,000 - $4,000 + $50,000} / 5 years = $54,000 / 5 = $10,800
Answer:
Trial balance for Yi Min
on the May 31, YY
Dr. Cr.
$ $
Cash 37,600
Office supplies 890
Prepaid insurance 4,600
Office equipment 12,900
Dividends 3,370
Rent expense 7,540
Accounts payable 12,900
Common stock 18,000
Engineering fees earned <u> </u> <u> 36,000</u>
<u>66,900</u> <u>66,900</u>
Answer:
The answer explained below
Explanation:
To determine the maximum amount of money a company is willing to pay for a consultant that can be predict the future (the location of the new airport) in the Magnolia Inn example is can be work out based on a process that will review the outcome from below points and based on the information and inputs from these points the company management can decide the maximum amount for the consultant
<u>Expectation of the consultant: </u>Company would like to know the expectation of the consultant for this work from the company so that company can understand what charges the consultant is asking from the company. This will be the starting point to understand the amount required to pay to the consultant who will predict the future for the airport in Magnolia.
<u>Previous similar charges of consultant:</u> The Company would like to review the previous similar amounts received by the consultant from other companies, for the similar future prediction works. This will help the company to understand the payment amount for future prediction work.
<u>Charges of other consultants for similar work:</u> The company management would like to understand the charges claimed by other similar consultants in the market for similar future prediction works. This will help to come close for the decision by the company management.
<u>Market Assessment:</u> the market assessment and the amount payable in the global market for consulting work will be adding information for making the better decision for maximum amount payable for future prediction.
<u>Gut feeling of the management</u><u>:</u> The gut feeling of the management for consultant charges is also an adding information for the management to decide and make better decision.
<u>Potential savings and financial benefits for the company:</u> Potential saving and financial impact on the company will also be an adding information that will help the company management to make the appropriate decision for selecting the maximum amount for the consultant who make the future prediction for the airport.
