Answer:
positioning strategy.
Explanation:
According to my research on different types of business strategies, I can say that based on the information provided within the question the soft drink company is effectively using a positioning strategy. This is a strategy that focuses on one or two important key aspects in which to concentrate and excel on. In this situation the key aspect was healthy living.
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One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.
Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
Solution:
The journal entries for Geraths in 2020
July 1st Cr Dr
No entry No entry
September 1st Cr Dr
Cash 2000
Accounts receivable 400
Cost of goods sold 1100
Inventory 1100
Unearned service revenue 554
Sales Revenue 1846
October 15th Cr Dr
Cash 400
Unearned service revenue 554
Service revenue 554
Accounts receivable 400
Answer:
March 31, 202x, payroll tax expenses
Dr FICA tax (OASDI) expense 961
Dr FICA tax (Medicare) expense 224.75
Dr FUTA tax expense 93
Dr SUTA tax expense 837
Cr FICA tax (OASDI) payable 961
Cr FICA tax (Medicare) payable 224.75
Cr FUTA tax payable 93
Cr SUTA tax payable 837
Explanation:
Since we are calculating only payroll taxes, the wages expense is not included in this journal entry.
total payroll for the 10 employees = 10 x $1,550 = $15,500
each employee has accumulated earnings of $1,550 x 3 = $4,650
Answer:
Accounting profit = $50
Economic profit = $10
Explanation:
Accounting profit = Revenue - Explicit cost
$60 - $10 = $50
Economic profit = Accounting profit - Opportunity cost
$50 - $40 = $10
I hope my answer helps you