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Olenka [21]
2 years ago
9

Employees of Magnificent Manufacturing are spending the weekend restoring a home for a local family in need. The company and som

e of its vendors have provided all the necessary materials and company employees will make the repairs. Magnificent Manufacturing has written a news release and sent it to the local television stations and newspapers. This is an example of​ ________.
Business
1 answer:
Fofino [41]2 years ago
3 0

Answer:

The correct answer is Public relations.

Explanation:

Public relations (PR) are a set of strategic communication actions coordinated and sustained over time, whose main objective is to strengthen ties with different audiences, listening to them, informing and persuading them to achieve consensus, fidelity and support in present and future actions.

A set of techniques whose objective is to establish a link between the stakeholders or target market is called public relations. Its objectives are carried out using a chain of strategic communication actions. According to the intended result, the public relations technician seeks to sell, influence, promote, mutate the image or publicize the interests of his client. For this it uses methods, theories and techniques of advertising, marketing, design, politics, psychology, sociology and journalism. It is estimated that currently 80% of the contents in the media come from the actions of a public relations.

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The freebird turbocharger is being recalled. all customers who submitted warranty cards can have their installed turbochargers s
guajiro [1.7K]

Answer:

The primary purpose of this message is <u>to inform a customer about a recall</u>.

The secondary purpose is <u>to retain the customer's goodwill.</u>

Explanation:

The primary purpose of this message is to inform their customers about a problem and how it can be solved. The secondary purpose, but not less important, is to increase customer goodwill which in turn increases customer loyalty. Customers that believe that a company cares for them, will create a bond with that company.

3 0
2 years ago
Bendel Incorporated has an operating leverage of 7.3. If the company's sales volume increases by 3%, its net operating income sh
Svet_ta [14]

Answer:

21.9%

Explanation:

Given that

Operating leverage = 7.3

Increase in sales  = 3%

According to the given situation, the computation of net operating income is shown below:-

Increase in operating income  = Operating leverage × Increase in sales

= 7.3 × 3 %

= 21.9%

Therefore for computing the increase in operating income we simply applied the above formula.

6 0
2 years ago
Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. Du
Kobotan [32]

Answer:

The cost per equivalent unit for conversion costs in the mixing department is $ 14.19

Explanation:

<em>Step 1 Calculate the Number of Units Completed</em>

Hint: Units input in process must equal units out of the process

Therefore Units Completed = 4,000 units+8,000 units - 2,500 units

                                              = 9,500 units

<em>Step 2 Calculate the total conversion cost in the process for the period</em>

Hint : Conversion costs in Opening Work In Progress + Conversion Costs Started during the Process

Therefore:

Opening Work In Progress         $55,000

Add Started during the Process $92,000

Total Conversion Costs              $149,000

<em>Step 3 Calculate total Equivalent Units related to Conversion Costs</em>

Completed Units - 100%               9,500

Closing Work in Progress - 40%   1,000

Total                                              10,500

<em>Step 4 The cost per equivalent unit for conversion costs in the mixing department</em>

cost per equivalent unit for conversion costs= total conversion cost/ total Equivalent Units

                                                                             = $149,000/ 10,500

                                                                             = $ 14.19

6 0
1 year ago
The Williams Supply Company sells for $50 one product that it purchases for $20. Budgeted sales in total dollars for the year ar
frutty [35]

Answer:

The Williams Supply Company

a. Estimated Cash Collections for July

58% sales month (60% -2%)    $171,100 ($295,000 * 58%) July

25% ffg month                           60,000 ($240,000 * 25%) June

12% second month                     21,000 ($175,000 * 12%) May

Estimated cash collections = $252,100

b. Estimated July Cash Payments for Purchases:

                                                        July

Cost of purchases                      $122,000

50% purchase month                     61,000

50% ffg month                               47,200

Total payment for purchases   $108,200

c. July Selling and Administrative Expenses:

Monthly fixed expenses                   $72,000

Variable expenses ($5 * 5,900)        29,500

Total selling and admin expenses $101,500

d. Cash Receipts Over Disbursements for July:

Beginning cash balance       $125,000

Total cash receipts                 252,100

Total cash available              $377,100

Cash Disbursements:

Purchases                            $108,200

Selling and Admin.                 101,500

Total cash disbursements $209,700

Cash balance                      $167,400

Explanation:

a) Data and Calculations:

Selling price of product = $50 per unit

Purchase cost of product = $20 per unit

Total budgeted sales for the year = $3,000,000

Total budgeted sales for the year (units) = 60,000 units

Month   Sales Revenue      Unit Sales

May          $175,000          3,500 ($175,000/$50)

June         240,000          4,800 ($240,000/$50)

July          295,000          5,900 ($295,000/$50)

August    320,000           6,400 ($320,000/$50)

July 1 Account Balances:

Cash = $125,000

Merchandise inventory  = $47,200

Accounts receivable (sales) = $84,530

Accounts payable (purchases) = $47,200

Payment of Purchases:

50% purchase month

50% ffg month

Cash collections from sales:

58% sales month (60% -2%)

25% ffg month

12% second month

Ending inventory = 40% of the budgeted sales in units in the next month

Total budgeted selling and administrative expenses (excluding bad debts) = $1,200,000

Fixed expense = $864,000 ($1,200,000 * 3/4) - $36,000

Monthly fixed expenses = $72,000 ($864,000/12)

Variable selling expenses = $300,000 ($1,200,000 - $900,000)

Variable selling expenses per unit = $5 ($300,000/60,000)

Purchases Budget

                                          June         July    

Ending inventory             2,360      2,560

Sales                                4,800      5,900

Units available for sale    7,160      8,460

Beginning inventory        1,920     2,360

Purchases                       5,240      6,100

Cost of purchases     $104,800  $122,000 (6,100 * $20)

4 0
1 year ago
Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sales for a three-mo
dybincka [34]

Answer:

1. We have:

Inventory on March 31 = $1,010,625

Cost of merchandise sold for the three-month period = $10,891,875

2. We have:

Inventory on March 31 = $881,250

Cost of merchandise sold for the three-month period = $11,021,250

3. We have:

Inventory on March 31 = $980,975.27

Cost of merchandise sold for the three-month period = $10,921,524.73

4. We have:

Details                               FIFO               LIFO                Weighted Average

                                              $                     $                                 $

Sales                            19,875,000      19,875,000                 19,875,000

Cost of Goods sold  <u>  (10,891,875)  </u>  <u>  (11,021,250)  </u>            <u>   (10,921,525)  </u>

Gross Profit               <u>    8,983,125 </u>     <u>   8,853,750 </u>                    <u> 8,953,475 </u>

Inventory, March 31       1,010,625           881,250                      980,975

Explanation:

1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.

Note: See part 1 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system.

From the part 1 of the attached excel file, we have:

Inventory on March 31 = $1,010,625

Cost of merchandise sold for the three-month period = $10,891,875

2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system.

Note: See part 2 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the last-in, first-out method and the periodic inventory system.

From the part 2 of the attached excel file, we have:

Inventory on March 31 = $881,250

Cost of merchandise sold for the three-month period = $11,021,250

3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system.

Note: See part 3 of the attached excel file for the determined inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted average cost method and the periodic inventory system.

From the part 3 of the attached excel file, we have:

Inventory on March 31 = $980,975.27

Cost of merchandise sold for the three-month period = $10,921,524.73

4. Compare the gross profit and the March 31 inventories, using the following column headings.

Details                               FIFO               LIFO                Weighted Average

                                              $                     $                                 $

Sales                            19,875,000      19,875,000                 19,875,000

Cost of Goods sold  <u>  (10,891,875)  </u>  <u>  (11,021,250)  </u>            <u>   (10,921,525)  </u>

Gross Profit               <u>    8,983,125 </u>     <u>   8,853,750 </u>                    <u> 8,953,475 </u>

Inventory, March 31       1,010,625           881,250                      980,975

Download xlsx
6 0
1 year ago
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