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3 years ago

When a company determines the most likely people to buy its product are 20-27 year old middle class women, it is

1 answer:

6 0

When a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its: <em>potential customers/market target.</em>

Every product has a specific group of people that share similar characteristics that it can meet their needs. The unique needs of that group of people is what companies and producers focus on to exploit in creating product and marketing strategy for.

Such unique group of people constitute the market target or potential customers for such product.

Therefore, when a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its potential customers/market target.

Learn more about market target on:

brainly.com/question/24967768

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Operating data for Swifty Corporation are presented below. 2022 2021Sales revenue $830,700 $634,900 Cost of goods sold 529,000 4

Anastaziya [24]

Answer and Explanation:

The preparation of the vertical analysis is presented below:

Particulars Amount % Amount %

Sales $830,700 100 $634,900 100

Less:

Cost of goods sold $529,000 63.7 $415,000 65.4

Gross Profit $301,700 36.3 $219,900 34.5

Less:

Selling Expenses $124,700 15.0 $73,600 11.6

administrative expenses $78,800 9.5 $53,900 8.5

Total Operating

expenses $203,500 24.5 $127,500 20.9

Income before

income taxes $98,200 11.8 $92,400 14.5

Less:

Income tax expenses $33,500 4.0 $23,400 3.7

Net Income $64,700 7.8 $69,000 10.8

Working note

The percentage is like

= Items value ÷ sales × 100

Like for cost of goods sold

= $529,000 ÷ $830,700 × 100

= 63.68%

It is same applicable for other items also

7 0

3 years ago

Joe's Hardware is adding a new product line that will require an investment of $ 1,512,000. Managers estimate that this investme

Sati [7]

Answer:

6.05 years

Explanation:

Payback period is the time in which a project returns back the initial investment in the form of net cash flow. For this purpose we use the net cash flows to calculate the payback.

Payback working is attached with this answer please find it.

7 0

3 years ago

A budget is a plan for spending money based on income, expenses and

Butoxors [25]

Answer:

TRUE

Explanation:

budgets are made to help design a plan for spending

4 0

2 years ago

An increase in the supply of a product would most likey be caused by

11Alexandr11 [23.1K]

An increase in demand.

8 0

3 years ago

Read 2 more answers

How much must be deposited today in an account earning 6% annually to accumulate a 20% down payment to use in purchasing a car o

goblinko [34]

Hi there
The price of the car after a year would be
20,000×(1+0.04)
=20,800 because of inflation

The amount of down payment is
20,800×0.2
=4,160

So you need to deposit
P=4,160÷(1+0.06)
p=3,924.5 round your answer to get
P=3925

Hope it helps

8 0

3 years ago