(Coming from a non-expert) Miller Company shouldn’t only rely on this product and should periodically develop products that compete with their best-selling product evaluating their effectiveness on doing so. This is one of the many approaches the trillion company (Apple) has used throughout the years (making an Apple Watch so you don’t have to use your iPhone as often, improving the size and battery of the iPhone so you won’t need to use your iPad, improving the processing power of iPads so you won’t have to carry your MacBook everywhere and so on).
Another way to achieve the same goals as minimum wage and wage control ( without keeping markets from reaching equilibrium levels) is to increase YOUR PERSONAL INCOME directly.
It's actually a very simple way of thinking. If your salary currently could not afford a certain lifestyle, in order to afford it you could either : Cut back your other expense and re-allocate or simply by getting more money
Answer:
b) credit of $520,000 to Bonds Payable
Explanation:
Date Accounts titles and explanation Debit Credit
Oct. 1 Cash $520,000
Premium on bonds payable $20,000
Bonds payable $500,000
(To record the issuance of bond at premium)
Answer:
The value of market shares is directly proportionate to the amount of money spent on advertising
Explanation:
Advertising is part and parcel of promotion, which is targeted at encouraging customers to buy one's product by taking them through the AIDA sequence of promotion.
AIDA is an acronym for Awareness,Interest,Desire and Action, where creating awareness by bringing the products to the attention of the customers through advertising results in interest and desire being aroused and eventually leading to action of buying the product which ultimately leads to repeat buying and increase in market share overall.
Answer:
368 units
Explanation:
The Break-even point is calculated by dividing fixed cost by the contribution margin per unit.
Fixed cost = £140
Contribution margin per unit = Selling price per unit - variable cost per unit
Selling price = £0.63 : Variable cost : £0.25
Contribution margin per units =£0.63 - £0.25
=£0.38
Break-even point = £140 / £0.38
=368.42
=368 units
