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vaieri [72.5K]
3 years ago
5

In preparation for introducing a new doll to the market, a toy company advertises and creates so much demand that little girls a

re lined up at the stores, determined to be the first to own one. The toy company sells these first dolls at twice their actual retail value. This is an example of ______.
Business
1 answer:
maxonik [38]3 years ago
3 0

Answer:

Price Skimming

Explanation:

Price skimming is one kind of price-setting strategy where marketers set a relatively higher price when the product launch initially in the market. Generally, the producer sets a higher price rather than it should prevail in the market, and later on, the price goes down due to lower demand. Price skimming strategy only applicable to a new product that is about to launch in the market. It is generally done by fancy advertising of the product.

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Assume that Mahmood Corp. lends Ahmad $10,000 in exchange for a $10,000,
kolezko [41]

Answer:

1) the present value of the note:

PV of face value = $10,000 / (1 + 8%)³ = $7,938.32

PV of interest payments = $1,000 x 2.5771 (PV annuity factor, 8%, 3 periods) = $2,577.10

PV of note = $10,515.42

2) Dr Notes receivable 10,515.42

         Cr Cash 10,000

         Cr Discount on notes receivable 515.42

3) assuming the loan was made January 2, 2021

Date                         Cash flow     Discount         Balance

January 2, 2021       -$10,000                             $10,515.42

January 2, 2022       $1,000        $171.81            $10,343.61

January 2, 2023       $1,000        $171.81             $10,171.80    

January 2, 2024       $11,000       $171.80                  $0

4) December 31, accrued interest on notes receivable

Dr Interest receivable 1,000

Dr Discount on notes receivable 171.81

      Cr Interest revenue 1,171.81

7 0
2 years ago
In title theory states what clause is unique to the mortgage?
stich3 [128]

Answer:

Since a defeasance clause conveys title upon satisfaction of the loan, these types of clauses are typically only used in title theory states where the bank holds ownership of the home until the mortgage is paid off.

8 0
2 years ago
A ________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products.
sertanlavr [38]

Answer: Import  Quota

Explanation:

A quota is  defined as a  government-imposed limit that is placed on  trade whether import or export so as to control goods and services that  enter or leave the country. we have different typos of quota  but we will talk about the

Import Quotas --- To reduce competition faced by local products, government places import quotas on import goods so as to prevent the flood of foreign goods in the market which most times are cheaper than local goods as they are mostly produced with cheaper labor than the domestic products .

7 0
3 years ago
Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, is $1,200. The prepaid advertising contra
fenix001 [56]

Missing information attached along with the complete worksheet

Answer:

rent expense 1,700 debit

  prepaid rent    1,700 credit

dep expense 350 debit

  acc dep equip      350 credit

advertizing expense 1,400 debit

      prepaid advertizing      1,400 credit

Explanation:

advertizing:

5,600 divide into 4 months = 1400 accrued per month

depreciaton:

42,000 / 10 years = 4,200

then we divide by 12 month: 350

4 0
3 years ago
Your phone service provider offers a plan that is classified as a mixed cost. The cost per month is $50 flat rate for the first
kondor19780726 [428]

Answer:

D

Explanation:

The first 1000 minutes cost per month $50 and if you use 1200, minimum you will be charged with $50. To find the cost of the 200 reamining minutes, you multiply 200 times $0,35, which is the cost of one minute when you exceed 1000 minutes. Then you have:

$50⇒ for 1000 minutes

$70⇒ for 200 minutes

Total

$120⇒ for 1200 minutes

5 0
3 years ago
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