Answer:
<u>Investment</u>
Explanation:
While launching a new product, a firm has to decide upon the marketing expenditure it is willing to incur based upon the market the product is targeted at and other data and projections.
For some products, an aggressive marketing strategy might be suitable and could be viable in the long run.
In the given case, the marketing manager has decided upon an aggressive marketing strategy for the product which would involve high costs for which the management is not willing.
Thus, the marketing manager in such a scenario needs to convince the management by promoting such marketing costs as an investment cost which shall yield high returns in the near future.
Answer:
$1,320,000
Explanation:
According to the scenario, computation of the given data are as follow:-
Purchase of raw material = $1,800,000
Opening stock of raw material = $20,000
Closing stock of raw material = -$3,140,000
Direct Material Used = Purchase of Raw Material + Opening Stock of Raw Material - Closing Stock of Raw Material
= $1,800,000 + $20,000 - $3,140,000
= $1,320,000
The basic source of underwriting information is your completed application for term insurance
Answer:
sole proprietorship
Explanation:
By far the most common type of business in the US is the sole proprietorship. Basically, Jane will be her own boss. She will be responsible and liable for all the business's obligations since a sole proprietorship is considered a pass through entity. That means that it doesn't exist by itself, and it is not taxed directly. Jane must report all the income and expenses from her business in her annual tax report.
Answer:
Dr Land 397,950
Cr Cash 117,950
Cr Notes payable 280,000
Explanation:
Certain ordinary and necessary costs can be included in the purchase cost of land:
- cost of the land
- title fees
- applicable taxes
- legal fees
- broker fees
- survey costs
- leveling costs
- zoning fees
- etc.
In this case, the total purchase cost of the land = $110,000 + $280,000 + $1,400 + $650 + $5,900 = $397,950
