Answer:
Dagwood bonds receivables 300,000 debit
Cash 300,000 credit
--to record purchase of bonds--
Interest receivables 18,000 debit
Interest revenue 18,000 credit
--to record accrued interest on dagwood bonds--
Cash 18,000 debit
Interest receivables 18,000 credit
--to record collection of interest--
Explanation:
as the bonds are purchased at par we pay for the same as the face value
interest for the year
principal x rate
300,000 x 6% = 18,000
at December 31th the interest are receivables as we didn't collect the cash yet
Then, on january first, we receive the cash and write-off the receivables
It is mostly the women between 25 and 54 years of age who watch the lifestyle channels owned by Scripps Networks Interactive, and the advertisements run on these channels are essentially aimed at them. These women are the company's <u>Target audience</u>
Explanation:
In the question above the women between the age of 25-54 years are the Target Audience because the interactives and the advertisement on the Scripps network are aimed at these women's.
Now evaluating the other options
A )<u>Strategic Window</u> refers to a time duration during which the particular strategy adopted will work .In this case no time duration is discussed.So its is not a correct answer.
B)<u>Advertising medium
:</u>The medium using which a message is communicated to the targeted audience(like TV,radio,newspaper)
<u>C)Consumer jury
</u>:In this method the consumer play the role of a jury and they are asked to rank an advertisement
So we can say that These women are the company's <u>Target audience</u>
Answer:
Break-even point in dollars is b) 810,811
Explanation:
Break-even point is the amount of sales in a company when there is no lost nor earnings. When the sales cover both fixed costs and variable costs.
It is calculated with the fixed cost divided to the porcentage of contribution margin.
step 1: % of contribution margin
CMg/total sales
($90,000+$280,000)/$1,000,000=0.37 %CMg
Step 2: Break-even point
FC/%CMg
$300,000/0.37=$810,811
Answer: b. $9,000
Explanation:
The following details are given;
Monthly sales to customer from first group = $150
Gross Profit percentage = 25%
Number of lifetime months = 240 months
Customer Lifetime value for the first group = 150 * 240 * 25%
= $9,000
Answer: A long term investment
Explanation: In simple words, those assets which are purchased by an organisation with the intent of holding them for more than one year are called long term assets.
Mason is holding the land for five years. Hence, we can say that the land will be classified as long term investment.
It could have been considered as property, plant and equipment but the new facility has not been made yet.
