Answer:
$2,000,000
Explanation:
current awareness of Digby's Don = 72%
next year it will decrease to 72% - 1/3 = 48% if the firm does nothing
- first $1,000,000 adds 22% awareness ⇒ total awareness = 48% + 22% = 70%
- second $1,000,000 adds 23% awareness ⇒ total awareness = 70% + 23% = 93%
- third $1,000,000 adds 5% awareness ⇒ total awareness = 93% + 5% = 98%
Don's competition, Axe, has an awareness level of 77% and it should remain the same next year. So, Digby as to spend at least $2,000,000 to earn more awareness than Axe. Don's awareness level will be 93%.
Answer and Explanation:
The preparation of the bank reconciliation statement is presented below:
Balance as per bank $8,732.00
Add: Deposit in transit $3,500.00
Less: Outstanding checks -$1,486.00
Adjusted bank balance $10,746.00
Balance as per books $8,768.00
Add: EFT received from customer $2,023.00
10791.00
Less: Service charges -$45.00
Adjusted book balance $10,746.00
Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $780,800 - $519,000 - $88,800
= $173,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
Industry sales = $15 billions
Acme market share = 20%
Emca market share = 17%
Acme market share in form of sales:
Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions
Emca market share in form of sales:
Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions
Difference between the market shares for two companies as a percentage:
Difference = |20%-17%| = 3% of $20 billion
Answer:
The powerful novel which explores themes of friendship, power, dreams, and the responsibility we have to look out for one another in a sometimes unkind world.
The characters at the heart of the story, George and Lennie, work against all odds to earn enough money to build their dream (to own a place of their own, with alfalfa and rabbits.)
According to the book, their friendship sets them apart from the other men in the world and fuels their aspirations.
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