Answer:
False because Clan is most likely following more for less strategy.
Explanation:
Value proposition is a situation where the customer is answered for his question as to why he should prefer the sellers brand. It is an overall positioning strategy followed by the sellers. Such a strategy has five different propositions which are as follows out of which the last fifth one is the one followed by Clan in which the seller offers more benefits to the existing buyers of a different brand at a lower cost.
- More for More : More benefits at a more higher prices as those offered by the competitors.
- More for the same: More benefits at the same price offered by the competitors.
- The same for less: Under this same benefits at a lesser price is offered as compared to those by the competitors.
- Less for much less: Lesser benefits at lesser price.
- More for less: Followed by companies for achieving impressive positions in the market by offering more benefits at lower costs.
Answer:
True
Explanation:
It is true that management information system (MIS) typically provides standard reports generated with data and information from a transaction processing system (TPS) or enterprise resource planning (ERP) system. ion processing system
By the definition of management information system it includes transaction processing system because management information system (MIS) is a data generating or gathering process which serves as the backbone of an organization’s operations by gathering data from multiple sources, analyzes information, and presents data in a form that it aids managerial decision making.
Hence, the major areas of management information systems are:
1. Transaction Processing System. ( which includes: Payroll System, Order Processing System, Stock Control System)
.
2. Decision Support System.
3. Expert Systems and Artificial Intelligence.
Answer:
Total= 446,000 units
Explanation:
Giving the following information:
The inventory should equal 20% of the next month’s estimated unit sales. It estimates that October’s actual ending inventory will consist of 92,000 units. November and December sales are estimated to be 460,000 and 390,000 units, respectively.
Production:
Sales= 460,000
Ending inventory= (390,000*0.2)= 78,000
Beginning inventory= (92,000)
Total= 446,000 units
Answer:
b. credit to Gain on Sale of Investments for $2,400.
Explanation:
May 1, 20Y6
Purchase price of Bond = $100
Number of Bond Purchased = $100,000 / 100 = 1,000 per bond
February 1, 20Y7
Sale Price of Bond = $103 per Bond
Gain on Sale = $103 - $100 = $3 per bond
Number of Bond Sold = $80,000 / 100 = 800 bonds
Gain on sold bonds = 800 bonds x $3 per bond = $2,400
Journal Entry Will be as follows:
Dr. Cr.
Cash (800 x 103) $82,400
Gain on sale $2,400
Investment in Bond $80,000
