Answer: segmentation
Explanation:
Market segmentation is when a business market that is made up of different customers is being divided, into smaller groups or segments based on some characteristics.
From the question, we are informed that XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual drinkers and restaurants. Each category has its own needs, traits and marketing goals. In this scenario, XARA is using market segmentation.
Answer:
A.
Debit Unearned Revenue $11,250
Credit Sales $11,250
Explanation:
B. It is an income for the company. Prepaid subscription is an expense for the company. Therefore, it is incorrect.
C. It is contradictory as the company already recorded the first quarter transaction. Therefore, Unearned revenue should be debit. So, it is also incorrect.
D. According to the revenue recognition, revenue is recognized when they are earned. Therefore, the company acquired the cash when the company received last year. So, it is incorrect.
E. Again, cash cannot be credit. Therefore, it is incorrect.
A is the correct answer. As, when the company received the payment, unearned revenue was credit. As the income is now recorded for the first quarter, $(45,000/4) = $11,250 of unearned revenue becomes earned. So, it is debit. Since it is a sale of a company, the sale becomes credit.
Answer:
less than one
Explanation:
In the case when the demand of the product is inelastic that means the value of the price elastic of demand would be less than one
Therefore as per the given situation the last option is correct
And, the rest of the options are incorrect
So the same is relevant
A) Are small businesses
There are more small businesses in existence than any other type of business.
Answer:
$71,960
Explanation:
Not past due days $892,000*0.75%=$6,690
1-30 days $285,000*4%=$11,400
31-60 days $101,000*8%=$8,080
61-90 days $63,000*16%=$10,080
91-180 days $43,100*50%=$21,550
Over 180 days $17,700*80%=$14,160
Total allowance for doubtful accounts as at December 31, =$71,960
