Answer:
$445,000
Explanation:
The rent in Volusian company income statement for 2016 is $420,000
The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016
Therefore the cash paid for rent in 2016 can be calculated as follows
= $420,000+($95,000-$70,000)
= $420,000 + $25,000
= $445,000
Services performed (July 31) - $1,700
Deprivation of equipment (July) - $180
Insurance partially paid (July) - $1,800
Inventory count (July 31) - $1,220
Employee salaries (July) - $400
Total cost in July - $ 5,300
Hope this helps :)
Answer:
b. niche marketing
Explanation:
Niche marketing is the type of marketing that involves promoting and selling a product and service to a particular section within a large market. Niche marketing focuses on specific market targets that will benefit from a particular product or service and not the entire market. This type of marketing strategy is highly cost effective.
Niche marketing helps a business to build their brand, it also helps a business to penetrate a particular section of the market and meet customers needs and desire.
Answer:
Downward sloping
Explanation:
The demand curve illustrate what's known as the law of demand in economics. Consumers buy more of something when its price is lower and less when the price is higher. There is an inverse relationship between price and demand, meaning that when one rises, the other falls.
Economists give three basic reasons for the law of demand and thus for the downward slope. First is the "income effect" when prices drop (or rise), people can buy more(or less) of a good for the same amount of money. Second is the "substitution effect" if a consumer doesn't see a meaningful difference between products, they'll buy the one with the lowest price, so a price increase will drive them toward substitutes, while a reduction will draw them in.
Third is the concept of "diminishing marginal utility": if you already have plenty of something, you have less of a need to buy more of it.
Answer:
The correct answer is letter "A": realized location economies.
Explanation:
Location economies manage massive amounts of data, require speed and accuracy, and establish communication with partners in different geographical places with the purpose of maximizing profits taking advantage of the sources available in different parts of the world.
