Answer:
d. the complexity of the product.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. The pre-service strategies includes identifying the following target market, design, branding, market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Personal selling also known as face-to-face selling can be defined as a sales technique or strategy in which the salesperson meets with the potential buyer (customer) for the sole purpose of convincing him or her to buy a product.
For Michael, personal selling works better than other forms of promotion because of the complexity of the product i.e high technicalities associated with the product. The product Michael are highly technical and as such would require guidance or explanation on how to safely use them.
Answer:
Debit Bad debt expense $15,120
Credit Allowance for doubtful debt $15,120
Being entries to record estimated bad debts
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.
Account receivables balance as at year end
= $257,000 - $131,000
= $126,000
Allowance for doubtful debt = 12% * $126,000
= $15,120
Answer:
B. All of these are correct.
Explanation:
- The restriction must not be more broad than is necessary to serve the substantial government interest.
- The restriction must directly advance the substantial government interest.
- The government interest that will be advanced by the restriction must be substantial.
Answer:
Cash flow from assets = $51,800
Explanation:
Cash flow from assets = Cash flow to Creditors + Cash flow to Shareholders
Cash flow to creditors = Interest Paid – (New loans taken – Paid Loans)
= $28,311 - ($0 - $21,000)
= $28,311 + $21,000
= $49,311
Cash flow to shareholders = Dividends paid – Net new equity
= $27,500 – $25,000
= $2,500
Cash flow from assets = $49,311 + $2,500 = $51,811
