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vaieri [72.5K]
2 years ago
12

Cheryl Adams is having trouble defining her target market for the bookstore she's opening in her town, which is home to a small

college, a retirement community, and a year-round tourist industry. By deciding to hire a marketing firm to handle the research, Cheryl will probably A. learn a lesson to go with her hunches. B. ruin her budget because of the expense. C. miss opportunities she might have taken a chance on. D. save more money than she spends on the professional research.
Business
2 answers:
Juli2301 [7.4K]2 years ago
8 0

The correct option is D. save more money than she spends on the professional research.

Karolina [17]2 years ago
4 0
The most viable target for her to engage will be the college students and their age group. In this way, she can also tap the tourist market without really having to do much. Hope this helps! Please put Brainliest! Have a great Day!
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AP Mather sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Mather's pur
creativ13 [48]

Answer:

Method   Ending Inventory // COGS

W/A      2,585.75  //  10,549.25

FIFO     2,620     //    10,515

LIFO     2,539    //     10,596

Explanation:

sales: 102 units

Sept. 1 Inventory         12 units $100  $  1,200

Sept. 12 Purchases    45 units $103  $  4,635

Sept. 19 Purchases    50 units $104  $  5,200

<u>Sept. 26 Purchases   20 units $105  $  2, 100</u>

Availalbe for sale      127 units           $ 13, 135

Ending Invenotry     127 - 102 = 25 units

COGS will be calcualte as the difference between the cost of goods and the untis at ending inventory.

<u>Weigthed average:</u>

$13,135 / 127 units = 103,42519685 = 103.43 cost per unit

Ending Inventory: 25 units x $ 103.43 = $ 2.585,75

COGS : 13,135 - 2,585.75 = 10,549,25

<u>FIFO</u>

We sold the first, the last are ending invenotry

20 x 105 = 2,100 september 26th

 5 x 104 =    520 september 19th

Ending      2,620

COGS 13,135  -  2,620 = 10,515

<u>LIFO</u>

We sold the last, the first are ending inventory

12 x 100 = 1,200 September   1st

13 x 103  = 1,339 September 12th

Ending      2,539

COGS  13,135 - 2,620 = 10,596

4 0
1 year ago
Analyzing the effects of transactions on the accounting equation.
Dmitry [639]

Answer:

I used an excel spreadsheet to record the accounts using the accounting equation.

What is the ending balance of cash after all transactions have been recorded?

$163,900

Download pdf
8 0
2 years ago
Exercise 2-54 (Static) Gross Margin and Contribution Margin Income Statements (LO 2-7) The following data are from the accountin
melamori03 [73]

Answer:

a. Prepare a gross margin income statement.

Sales revenue                                                    $264,000

Less Cost of Goods Sold

Cost of Goods Manufactured                            ($163,000)

Gross Profit                                                          $101,000

Less Expenses :

Variable marketing and administrative costs    ($13,600)

Fixed marketing and administrative costs        ($32,000)

Net Income/ (Loss)                                               $55,400

b. Prepare a contribution margin income statement.

Sales revenue                                                      $264,000

Less Cost of Goods Sold

Cost of Goods Manufactured                             ($119,000)

Contribution                                                         $145,000

Less Expenses :

Fixed manufacturing overhead                          ($44,000)

Variable marketing and administrative costs    ($13,600)

Fixed marketing and administrative costs        ($32,000)

Net Income/ (Loss)                                               $55,400

Explanation:

<u>Manufacturing Costs Schedule - Absorption Costing</u>

Direct materials                                                 $68,000

Direct labor                                                        $34,000

Variable manufacturing overhead                    $17,000

Fixed manufacturing overhead                        $44,000

Total Manufacturing Costs                              $163,000

This is the costs of sales for gross margin income statement.

<u>Manufacturing Costs Schedule - Variable Costing</u>

Direct materials                                                 $68,000

Direct labor                                                        $34,000

Variable manufacturing overhead                    $17,000

Total Manufacturing Costs                              $119,000

This is the cost of sales for contribution margin income statement.

7 0
1 year ago
A one-year zero coupon bond costs \$99.43$99.43 today. Exactly one year from today, it will pay \$100$100. What is the annual yi
KengaRu [80]

Answer:

0.00573

Explanation:

Cost of the bond today = $99.43

Value of bond at end of year = $100

Difference = $100 - $99.43 = $0.57

This $0.57 represents earnings on such bond value, that is yield on the bond.

Thus, yearly yield = $0.57/$99.43 = 0.00573

This value represents the discount rate of 1 year on $100 that is for which present value $99.43.

Final Answer

0.00573

5 0
2 years ago
A money management firm, which specializes in debt reduction, is interested in the average amount of debt for a married couple.
nirvana33 [79]

Incomplete question. However, this are the options to select from

I. test statistic

II. p-value

III. critical value

IV. null hypothesis

Answer:

<h3><u>IV</u></h3>

Explanation:

Remember, the region of rejection in statistical analysis simply implies what is that numerical range to which the observed results if different from assumed results would lead to the hypothesis should be discarded.

This hypothesis is called the Null hypothesis, it forms the rejection region of any statistical analysis.

7 0
1 year ago
Read 2 more answers
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