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2 years ago

How can creating a customer profile help entrepreneurs identify their target market

1 answer:

3 0

Creating a customer profile helps identify markets because the information on it is too persuade the buyer, customer or Purchaser. I'm in 6th grade don't judge x

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tock has had returns of 16 percent, 23 percent, 15 percent, −11 percent, 30 percent, and −5 percent over the last six years. Wha

elena-14-01-66 [18.8K]

Answer: arithmetic Average Return =11.33%

Geometric Average Return=10.33%

Explanation:

Returns per year

Year 1 16%

year 2 23%

year 3 15

year 4 -11%

year 5 30 %

year 6 -5%

Total = 68%

Arithmetic Average = Total returns 0f ( year 1 -6) / number of years

= 68%/6 =11.33%

Geometric Average Return is given as

= ((1 + R1) × (1 + R2) × ... × (1 +Rn))(1/n) - 1

((1 + 16%) × (1 + (23%)) × (1 + 15%) x (1+ -11%) x (1+30%) x (1+ -5%))^1/6 - 1

((1.16 x 1.23 x 1.15 x 0.89 x 1.30 x (0.95)) ^1/6

((1.16 x 1.23 x 1.15 x 0.89 x 1.30 x 0.95)) ^1/6 -1

(1.8035073 )^1/6 - 1

= 1.10328 -1 = 0.10328 x 100 = 10.328% =10.33%

3 0

3 years ago

Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 98,000 Less cost o

Rudiy27

Answer:

Contribution Margin Statement

Sales revenue ($100 x 980) $98,000

Less Variable costs:

cost of goods sold ($58 x 980) $56,840

Commissions expense ($5 x 980) $4,900

Shipping expense ($3 x 980) $2,940

$64,680

Gross margin $33,320

Less Fixed costs:

Salaries expense $7,900

Advertising expense $5,800

$13,700

Net Profit $19,620

5 0

3 years ago

Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y

Andru [333]

In 8 years, Dania Corporation's sales would be $936.33 million.

Solution:

Since last year sales = $525 million,

Let last year be Year 0

So, in year 0 = $525 million.

Sales grow = 7.5% per year,

Year 1,

525 x 1.075 = $564.375 million.

Year 2,

564.375 x 1.075 = $606.7 million

Year 3,

606.7 x 1.075 = $652.2 million

Year 4

652.2 x 1.075 = $701.12 million

Year 5

701.12 x 1.075 = $753.7 million

Year 6

753.7 x 1.075 = $810.23 million

Year 7

810.23 x 1.075 = $871 million

Finally in year 8

871 x 1.075 = $936.33 million

To learn more about sales visit:

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3 0

2 years ago

During the current month, Grey Company sold 60,000 units for $10 each. Each unit had an equivalent cost of $6 each. The journal

Romashka [77]

Answer:

The sale entry would be:

Dr Trade Receivable $ 600,000

Cr Sale $600,000

And the inventory sent out of warehouse to customer would be recorded as:

Dr Cost of goods sold $360,000

Cr Finished Goods account $360,000

Explanation:

As we know the sale is credit in nature and inventory sold on credit increases the trade receivable which is debit in nature.

So the entry would be:

Dr Trade Receivable $ 600,000

Cr Sale $600,000

And the inventory sent out of warehouse to customer would be recorded as:

The reason is that once the product is sold then the cost of finished goods is eliminated from the inventory account and would be charged to the cost of goods sold. So the entry would be posted by the cost of equivalent that the company has incurred to manufacture the product. Here the cost of equivalent is given and is $6 per unit.

So for the sale of 60,000 units the total cost of equivalent will be:

Total equivalent cost = 60,000 units * $6 per unit = $360,000

And the entry would be:

Dr Cost of goods sold $360,000

Cr Finished Goods account $360,000

3 0

3 years ago

Recent studies clearly indicate an association between TV advertising of foods and drinks and ______________________, especially

lesya [120]

Recent studies clearly indicate an association between TV advertising of foods and drinks and the prevalence of childhood obesity, especially in the United States.

<h3>What is Obesity?</h3>

This refers to the medical condition where a person is overweight and has an excess Body Mass Index.

Hence, we can see that based on the research made, it was found that there was a direct link between the use of TV advertising of foods and drinks and the prevalence of childhood obesity, especially in the United States.