Answer:
The answer is: B) concentrated/niche marketing
Explanation:
Niche (or concentrated) marketing concentrates all of its actions and promotions on small but very specific and well defined segments of the population. A niche marketing strategy focuses on becoming a big fish on a small pond, and usually charging a higher price for the niche product. The specific needs and requirements of those "niche customers" are usually not well addressed by mass marketing actions.
Answer:
Option (B) is correct.
Explanation:
100% complete for conversion cost the units that are complete.
Units that produced during the period:
= Units sold + Units of finished Ending - Beginning units of Finished
= 300,000 + 60,000 - 75,000
= 285,000 units
And work in process at ending is 24,000 units but for conversion costs is 75% only.
For conversion Equivalent units:
= 75% of Ending Work in process + Units that produced during the period
= 75% × 24,000 + 285,000
= 18,000+285,000
= 303,000 units
Answer:
See attached photo.
Explanation:
Refer to the photo attached.
Answer: A firm may operate in multiple industries.
Different firms may use different accounting practices.
Explanation:
Ratio Analysis as you probably know is a very useful tool in financial analysis. It works by comparing ratios based on items in the financial statements of a company to measure certain things such as the Company's Liquidity, Profitability and the like.
It does have certain drawbacks though such as,
A firm may operate in multiple industries
When a firm is operating in multiple industries. Comparing ratios is not a simple task. Different industries record profits and costs differently and just because a ratio is held in high esteem on one company does not mean it is good in another thereby making comparison based on ratios alone quite cumbersome.
Different firms may use different accounting practices
Now if different companies use different Accounting practices, you might find that ratios cannot be straightforwardly compared because different types of figures were used by the different companies. For instance, some companies might use a Straight Line Depreciation method as opposed to a Reducing Balance method which will have varying effects on income.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Budgeted Sales:
January $ 237,400
February 251,400
March 336,600
Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible.
Cash collection March:
Cash sales= 336,600*0.3= 100,980
Credit Sales March= (336,600*0.7*0.1)= 23,562
From February= (251,400*0.7*0.5)= 87,990
From January= (237,400*0.7*0.36)= 59,824.8
Total= 272,356.8
