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Amiraneli [1.4K]
1 year ago
5

Moki Hunt recently purchased Swift Waters Adventures, a kayaking and canoeing rental business near the Salt River in Arizona. Sw

ift Waters Adventures had been in operation for five years and was located in an ideal area. Even though the winters in the area can be cold, kayaking and canoeing activities are generally popular year-round. After two months of operation, it became clear why the previous owners had sold the business. While the business appeared to be ideally located, sales were extremely disappointing. ​ Refer to Scenario 5.2. Moki decided to apply some of the things he had learned in his marketing research class to his business. The first thing he should do is to ___________ which will help him ______.
Business
1 answer:
zalisa [80]1 year ago
4 0

First thing he needs to do is:

  • properly describe the problem he is facing

This will help him:

  • decide what kind of data he needs to gather

Moki is experiencing low sales which means that he needs to embark on a marketing campaign. If he does not know what exactly is wrong however, he cannot do much in the campaign.

The first step therefore is to properly describe the issues he is facing. This will help him know what kind of data he needs to enabled him to come up with a good enough plan to reverse his fortunes.

In conclusion, Moki Hunt should describe his problem and then collect the appropriate data.

<em>Find out more at brainly.com/question/12244455.</em>

<em />

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The following information is available for two different types of businesses for the Year 1 accounting year. Hopkins CPAs is a s
Firdavs [7]

Answer:

Please see attached detailed explanation.

Explanation:

Please find attached detailed preparation of income statement, balance sheet and cash flow statement for the above.

4 0
2 years ago
Beth saves $2,500 a year from age 25 until age 34 (inclusive) and invests the money in an account earning ten percent annually.
agasfer [191]

Answer:

False

Bill will have less than Beth

Explanation:

let us compare the amounts accumulated by the two individuals at age 65 to see which is more.

Money accumulated by Bill at age 65:

Since bill saves $2500 a year for 30 years,  amount saved at the end of 30 years = 2500 X 30 = $75000.

Money accumulated by Beth at age 65:

Beth saves $2,500 a year from age 25 until age 34: Amount saved = 2500 X 9 = $22500

Invests the money in an account earning ten percent annually for 31 years.

Assuming it was at a simple interest rate,

The interest at the end of the 31st year will be:

Interest = \frac{P\times R\times Time}{100}= \frac{22500\times 10\times 31}{100}= 69,750

Therefore total amount at age 65 = $22, 500 + 69750 = $92,250.

∴ This shows that Bill will have less money than Beth. Primarily due to the fact that he started investing at a lot later time than Beth.

7 0
1 year ago
Read 2 more answers
On May 1, 2018 ABC Corporation purchased $1,500,000 of 12% bonds, interest payable on january 1 and july 1, for $1,406,500 plus
marishachu [46]

<u>Solution:</u>

<u>1. Entry for May 1, 2018: </u>

Date Account Titles and Explanation       Debit                     Credit  

1-May-18 Available-for-Sale Securities $1,406,500  

Interest Revenue                                 $60,000  

Cash                                                               $1,466,500  

(To record purchase of 12% bonds)  

Available-for-Sale Securities               $1,375  

Interest Revenue                                                            $1,375  

(To record inerest expense)  

Cash                                              $15,000  

Interest Revenue                                                            $15,000  

(To record interest expense on date of sale - August 1, 2018) )    

Cash                                               $1,412,500  

Available for sale- securities                                     $1,406,500  

Gain on sale of securities                                        $6,000  

<u>Calculations are as follows:</u>

Amortization = $1,500,000 - $1,406,500 = $93,500

The bond period is for 5 years 8 months = 68 months

Hence monthly interest revenue = $93.500 divide by 68 = $$1,375

Interest revenue = 1,500,000 multiply 12% multiply 1/12 = &18.000

7 0
1 year ago
Consider two markets: the market for coffee and the market for hot cocoa·The initial equilibrium for both markets is the same, t
den301095 [7]

Answer:

The elasticity of supply for hot cocoa is 1.43.

(D) Supply in the market for coffee is less elastic than supply in the market for hot cocoa

Explanation:

Using the midpoint formula,

Elasticity of supply for hot cocoa = (change in quantity supplied/average quantity supplied) ÷ (change in price/average price)

change in quantity supplied = 101 - 31 = 70

average quantity supplied = (101+31)/2 = 66

70/66 = 1.06

change in price = 9.75 - 4.5 = 5.25

average price = (9.75+4.5)/2 = 7.125

5.25/7.125 = 0.74

Elasticity of supply for hot cocoa = 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic because the elasticity of supply is greater than 1.

Elasticity of supply for coffee = (73 - 31)/(73+31)/2 ÷ 0.74 = 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. The supply for coffee is elastic because the elasticity of supply is greater than 1.

However, supply in the market for coffee is less elastic than supply in the market for hot cocoa because the elasticity of supply for coffee is less than that of hot coffee.

7 0
2 years ago
General Mills collects data on​ sales, customer​ information, preferences, and a host of other information related to the​ Go-gu
kvv77 [185]

General Mills is most likely using marketing information system in collecting and storing data. A market information system is being used in order to support the decision making of the market in which the data is composed of stored, analyzed and gathered data in which is being distributed to the managers.

4 0
2 years ago
Read 2 more answers
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