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OLEGan [10]
3 years ago
5

Producers use marketing intermediaries because they ________.

Business
1 answer:
Goryan [66]3 years ago
6 0

Answer:

A) create greater efficiency in making goods available to target markets

Explanation:

While producers usually focus on getting raw materials at efficient cost and optimize the production process in a bid to stay profitable, intermediaries such as wholesalers and distributors are usually engaged to ensure that the products are properly distributed and available in the target market of consumers.

Intermediaries usually bring the goods from the producer to the consumer through the intermediaries distribution networks.

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What is a Financial market
Eduardwww [97]
A market in which people trade financial securities and derivatives at low transaction costs
8 0
3 years ago
Read 2 more answers
Listed below are year-end account balances ($ in millions) taken from the records of Poe Dameron's Pilot School. Debit Credit Ac
Ganezh [65]

Answer:

$812

Explanation:

Current assets:

Details                           Amount

Account receivable        $668

Cash                                $40

Interest Receivable        $38

Inventory                         $19  

Prepaid rent                    $36

Supplies                          <u>$11  </u>

Total Assets                   <u>$812</u>

5 0
2 years ago
The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o
Maurinko [17]

Answer:

1.08 dollars of sales are generated from every $1 in total assets.

Explanation:

Calculate Current asset from net working capital formula:

Net Working capital = Current Assets - Current Liabilities

$2,715 = Current Assets - $3,908

Current Assets = $2,715 + $3,908

Current Assets = $6,623

Now calculate Total Assets:

Total Assets = Fixed Asset + Current Assets

Total Assets = $22,407 + $6,623

Total Assets = $29,030

We can calculate dollars' worth of sales are generated from every $1 in total assets by following formula:

Asset turnover ratio = Net Sales / Total Assets

Asset turnover ratio = $31,350 / $29,030 = 1.08

6 0
3 years ago
Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0
3 years ago
A process cost summary for a production department accounts for all costs assigned to that department during the period plus cos
tigry1 [53]

Explanation:

The process cost shows the summary of the activities related to the production. It includes the cost of goods completed & transferred units  and the ending work in process inventory.

So, the given statement is true

The indirect cost are come under the manufacturing overhead cost. So, it would be charged to overhead control account

Thus, the given statement is false.

The direct labor includes that labor which is directly related to the production process of a product. So the single production department is likely to be a direct labor

Thus, the given statement is true.

To record the allocation of overhead, the following journal entry is required

Work in Process Inventory, Baking Dept  A/c Dr $24,500

       To Factory overhead A/c $24,500

(Being the overhead allocation is recorded)

The computation is shown below:

= Direct labor cost  × allocation rate

= $10,000 × 245%

= $24,500

Thus, the given statement is true.

7 0
3 years ago
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