Marketing stimulates a competitive economy, promotes products and services, and targets consumers who are most likely to become purchasers. Higher sales for a company that employs effective marketing strategies translate into expansion, job creation, higher government tax revenue, and eventually, overall growth.

HAVE A GOOD DAY!

5 0

3 years ago

Using accrual accounting, expenses are recorded and reported only: _A. when they are incurred and paid at the same time. B. if t

sleet_krkn [62]

Answer:

C. when they are incurred, whether or not cash is paid.

Explanation:

In accrual accounting, expenses are recorded in the moment they are incurred, even if they have not been paid for.

In fact, the term "accrued expense" means an expense that has been incurred, but not yet paid.

One common example of an accrued expense is accrued wages:

Suppose that a firm hires a worker on March 1, for a wage of $1,000 dollars per month, that is due to be paid at the end of the month (March 31). This worker is earning $33 per day. By March 4, the firm should have recorded accrued wages for $132 ($33 x 4 days) even if no payments will be made until March 31.

4 0

3 years ago

Cost classifications For each of the following costs, check the columns that most likely apply (both variable and fixed might ap

Vanyuwa [196]

Answer:

A. Particular Direct Indirect Variable Fixed

1 Wages of Assembly Yes No Yes No

2 Deprecation of plant & No Yes No Yes

Machinery

3 Glue & Thread No No Yes No

4 Outbound Shipping Cost No Yes No Yes

5 Raw Material Handling Cost Yes No Yes No

6 Salary Of Public Relations No Yes No Yes

manager

7 Production Run Setup Costs Yes No Yes No

8 Plant Utilities Yes No Yes No

9 Electricity cost of retail stores No Yes Yes No

10 Research and development No Yes No Yes

expense

B. Product-Costing

i. Manufacturing Cost Per Machine Hour = Total Manufacturing overhead / Total Machine Hours

Manufacturing Cost Per Machine Hour = 359,520.00 / 21,400.00

Manufacturing Cost Per Machine Hour = 16.80

ii. Particular Amount

Raw Material $6,240

Direct Labor Cost $9,165

$15,405

Manufacturing overhead $13,104

(780 hours* $16.80)

Total Cost of 3900 Hats $28509

Thus, the Cost of One hat = $28509 / 3900 hat = $7.31 per hat

iii. Total Hats made During the Month Of April 3,900

Less: Closing Inventory 1,050

Sold During the month of April 2,850

Cost Of Hats Sold During the month of April

= 2,850 * $7.31

= $20,833.5

Cost of Closing Stock (1,050 hat) = 1,050 hat * $7.31 = 7675.5

8 0

3 years ago

What is a product that is not an object or something that is owned called?

JulijaS [17]

Answer:A product that is not an object or something that is owned is called a non-economic good.

Explanation:

A product that is not an object or something that is owned is called a non-economic good.

5 0

3 years ago