Answer: Promotion
Explanation:
Promotion is form of marketing communication, where a business makes its target customers aware of the benefits of purchasing their products. Promotion is very essential in marketing, because it is through promotions that consumers get to know more about a product/brand.
Answer:
5 units
Explanation:
Breakeven point is the point or number of units sold that makes the cost equal with the revenue generated. In other words, it is the point in which the profit or loss made by an entity is 0.
Given;
Variable cost per unit = $20
Selling price per unit = $50
Fixed cost = cost of rent = $150
Let the number of units to be sold be c
Total revenue = 50c
total cost = 20c + 150
To break even, total revenue = total cost
20c + 150 = 50c
50c - 20c = 150
30c = 150
c = 5
Ray must sell 5 units to break even.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,200
To Service revenue $2,200
(Being cash is received)
Since the cash is received so we debited the cash account and credited the service revenue account as the service is completed which create an income for the business organization.
We do not write unearned service revenue as the amount is actually received from the customer
Answer:
Concurrent control
Explanation:
Concurrent control which is also known as preventive controls are ongoing controls that help to maintain quality and consistency. It usually involves the monitoring of employees that are directly involved with customers or the manufacturing process.
Concurrent control involves identifying and preventing problems as they take place in an organization.
Time value of money deals with the increasing amounts of money due to interest.