The answer is variable pricing strategies
If the company is launching a completely new they would have invested heavily in R&D and are about to invest a lot of money in the marketing and promotion as well.
Variable pricing simply takes into account the cost of bringing that product to market and prices the product accordingly. This is to ensure that the new product can help the company recover it's costs as soon as possible.
It also ensures that the final price is a balancing act so that the product's price is attractive for the buyer and a medium way between 'sales volume and income per unit' is achieved.
Answer: broker loan rate
Explanation:
The broker loan rate is also refered to the call loan rate and it is the interest rate that is charged from the banks to broker-dealers on loans where securities are collateral.
It should be noted that the iterest rates that are given on broker loan rates are just a little above the short term interest rates.
Answer:
<u>Closing Entries Dated 31, 2016</u>
Dr. Cr.
Closing Income Accounts
Service revenue $186,100
Interest revenue $90,300
Income Summary $276,400
Closing Expense Accounts
Income Summary $153,400
Supplies Expense $96,900
Advertising expenses $18,200
Salaries and wages $21,000
Income tax expense $17,300
Closing Income Summary Account
Income Summary $123,000
Retained Earning $123,000
Closing Dividend Account
Retained Earning $7,800
Dividend $7,800
Explanation:
All the Income and Expenses accounts are closed to Income summary account. The net balance of income summary account is transferred to retained earning account. The dividend balance is also transferred to retained earning account to close it. Ultimately all the balances are netted off in retained earning account.
The main function of Securities and Exchange Commission is to regulate security market(capital market, money market etc.). They do this so as to protect investors' fund. They do not regulate financial institutions.
Federal Deposit Insurance Corporation (FDIC) makes sure customers' deposit in all financial institutions are not at risk. FDIC makes sure financial institutions comply with lay down rule.
Federal Reserve Bank and Comptroller of the Currency supervise financial institutions in their own capacity.
The answer to the question is therefore, d. Securities and Exchange Commission
Answer:
$5/unit
Explanation:
In the theory of production cost, the relationships between average total cost and marginal cost are as follows:
1. When the average cost is increasing, the marginal cost will be greater than the average cost.
2. When the average cost is decreasing, the marginal cost will be less than the average cost.
3. When the average cost at the minimum, the marginal cost equals the average cost.
Based on number 3 above, the marginal cost when the firm produces 10 units is $5/unit since the firm's average total cost is minimized when it produces 10 units.
