20. (EFM12c) How are market prices set?

A group of brands that results from an information search that a buyer can choose among is referred to as the buyer’s __________

Gennadij [26K]

Answer:

The correct answer is "evoked set"

Explanation:

An evoked set is a term that refers to the capacity of a customer to choose a specific brand because the customer reminds a product of a previous marketing campaign that takes effect on him.

The essence of marketing campaigns is to establish their business brand firmly on the market.

Example: When a person purchases a specif brand because it appeared on the tv, radio, newspaper... Sometimes the customer doesn't know why he chose this brand, just know that he likes it. (Probably for a marketing campaign)

3 0

3 years ago

Eagle Ridge, inc. issued 40 shares of $20 par value stock to its accountant in full payment for her $900 fee for assisting in se

Harlamova29_29 [7]

The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.

<h3>What is a journal entry?</h3>

The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.

Hence, option C holds true regarding the journal entry.

Learn more about journal entry here:

brainly.com/question/20421012

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6 0

2 years ago

Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert. Floyd subsequently transfers this du

Lerok [7]

Answer: an obligor

Explanation:

From the question, we are informed that Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert and that Floyd subsequently transfers this duty to Hazel.

In this case, Floyd is an obligor. An obligor os defined as an individual who by contract or due to a legal procedure, undertakes an obligation for another individual.

7 0

3 years ago

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through.

marshall27 [118]

Answer:

At year-end, companies that utilize accrual-based accounting systems complete the measurement process through posting of adjusting entries

8 0

2 years ago

After the issuance of its year 1 financial statements, Serenity Inc. discovered a computational error of $150,000 in the calcula

Vladimir79 [104]

Answer: C. $150,000 credit

Explanation:

In the financial statements for year 2, it should be noted that the year 1 retained earnings balance, should be adjusted by $150,000 credit.

The corrections of errors should be treated as the period adjustments before. In this case, the $150,000 overstatement for the cost of goods that was sold in the previous year, will then be credited to the beginning balance of the retained earnings.

Therefore, the correct option is C.

4 0

2 years ago