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2 years ago

Developing effective marketing communications starts with __________.

1 answer:

8 0

Developing effective marketing communications starts with analyzing and understanding the current clients and why they chose those products or services. In the first step from the marketing communication the company should get insights into when, where, why and how people purchase the products.T<span>he main focus of the marketing communication strategy is to gain awareness.</span>

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Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e

eduard

Answer:

Great Adventures

a) Adjusting Entry for Uncollectible Accounts:

Date General Journal Debit Credit

Jun. 30 Uncollectible Expense $2,320

Allowance for Uncollectibles $2,320

To provide 8% allowance for uncollectibles.

b) To accrue one month of interest on the note receivable:

Date General Journal Debit Credit

Jun. 30 Interest Receivable $40.83

Interest on Notes $40.83

To accrue one month of interest.

c) GREAT ADVENTURES, INC.

Partial Balance Sheet as at June 30, 2022

Assets

Current Assets:

Accounts Receivable $29,000

less allowance for uncollectibles 2,320

Net Accounts Receivable $26,680

Explanation:

a) Accounts Receivable

Date Description Debit Credit Balance

Feb. 25 Kr. Kendall's Boys Scout $4,000 $4,000

Feb. 28 Cash $3,840 160

Feb. 28 Cash Discount 160 0

Mar. 19 Reynold 5,000 5,000

Mar. 27 Cash 4,800 160

Mar. 27 Cash Discount 200 0

Apr. 7 Cash 8,500 (8,500)

Apr. 14 Elks Lodge 8,500 0

Apr. 30 Myers Manufacturing 7,000 7,000

May 31 7% Note Receivable 7,000 0

Jun. 15 MBA Groups 29,000 29,000

b) Allowance for uncollectibles = $29,000 x 8% = $2,320

c) Interest on Notes = ($7,000 x 7%)/12 = $40.83

3 0

3 years ago

Manufacturing overhead costs incurred for the month are: Utilities $ 39 comma 000 Depreciation on equipment $ 24 comma 000 Repa

Alchen [17]

Answer:

Expense accounts are debited

Explanation:

4 0

3 years ago

Barry has just become eligible for his employer-sponsored retirement plan. Barry is 40 and plans to retire at 65. Barry calcula

snow_lady [41]

Answer:

$713,449.15

Explanation:

Barry’s total personal amount to invest = Initial amount + additional amount

= $4,500 + 1,140

Barry’s total personal amount to invest = $5,640

Since Barry’s employer would match this amount, total amount to invest will be;

Total amount to invest for Barry = $5,640 + $5,640 = $11,280

The new amount Barry will have at retirement can be calculated using future value of an annuity formula stated as follows:

FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)

Where,

FV = Future value of the amount at the retirement

M = Total amount to contribute yearly by Barry and his employer = $11,280

r = Rate of return = 7% = 0.07

n = number of periods = 65 – 40 = 25 years

Substituting the values for into equation (1), we have:

FV = $11,280 × {[(1 + 0.07)^25 - 1] ÷ 0.07}

= $11,280 × {[(1.07)^25 - 1] ÷ 0.07}

= $11,280 × {[5.42743264012289 - 1] ÷ 0.07}

= $11,280 × {4.42743264012289 ÷ 0.07}

= $11,280 × 63.2490377160413

FV = $713,449.15

Therefore, Barry would have $713,449.15 at retirement if he could invest an additional $1,140 per year that his employer would match.

7 0

2 years ago

XYZ Company earned operating income of $1,500,000 before income taxes. Capital employed equaled $10,000,000, of which $1,000,000

m_a_m_a [10]

Answer:

The answer is creating wealth, with the economic value added is $390,000

Explanation:

The company WACC is: Percentage of mortgage bond in capital employed x Cost of mortgage bond x ( 1 - tax rate) + Percentage of unsecured bond in capital employed x Cost of unsecured bond x ( 1 - tax rate) + Percentage of common stock in capital employed x cost of common stock

In which: Percentage of mortgage bond in capital employed = 1,000,000/10,000,000 = 10%

Percentage of unsecured bond in capital employed = 3,000,000/10,000,000 = 30%;

Percentage of common stock in capital employed = (10,000,000 - 1,000,000 - 3,000,000) /10,000,000 = 60%

Cost of common stock = Risk free rate + Risk premium = 10% + 5% = 15%;

Tax rate = 40%

Thus, WACC = 10% x 8% x ( 1- 40%) + 30% x 9% x (1-40%) + 60% x 15% = 11.10%.

Thus, Capital cost per year: Capital employed x WACC = 10,000,000 x 11.10% = $1,110,000.

Economic value added = Operating Income - Capital cost = 1,500,000 - 1,110,000 = $390,000.

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3 years ago

Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,000. In 2021, the company de

Ksenya-84 [330]

Answer:

Dr Retained earnings $14,000

Cr Inventory $14,000

Explanation:

There is a need to make adjustment to the inventory . Therefore,

Adjusted inventory

= New method of $171,000 - Old method of $185,000

= $14,000 decrease

It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.

Also, the net income reports to retained earnings account hence decreases retained earnings.

Having made the above adjustment, we can assume that the average cost method was used for 2020 books.

3 0

3 years ago

Read 2 more answers

Developing effective marketing communications starts with​ __________.

Developing effective marketing communications starts with __________.