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mojhsa [17]
2 years ago
7

Lorraine is the marketing manager at sibil furnishings. to promote the latest range of furniture, she decides to place ads in lo

cal newspapers, on the radio, and on television. she also decides to aggressively advertise the products through interior design bloggers. in the context of advertising, lorraine is involved in _____.
Business
1 answer:
larisa86 [58]2 years ago
6 0
Lorraine is involved in Media Planning. Media planning<span> basically involves </span> sourcing and selecting optimal media<span> platforms that would be leveraged on to best promote a product. In this case, Lorraine's job generally entails </span><span>determining the best combination of </span>media<span> to achieve the marketing campaign objectives of Sibil furnishings. Therefore she is involved in media planning.</span>
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A firm in the market for designer jeans has some degree of monopoly power. The demand curve it faces has a price elasticity of d
Andre45 [30]

Answer:

The firm's profit maximization price = $81.25

Explanation:

We are given:

Marginal cost MC = $65

Elasticity of demand ED = -5

Therefore, Using the rule of thumb pricing, we have the equation:

P = \frac{MC}{1+(1/ED)}

P = \frac{65}{1+(1/-5)}

P = \frac{65}{0.8}

P = $81.25

Therefore the firm's profit maximization price is $81.25

5 0
2 years ago
Read 2 more answers
The ledger of Mai Company includes the following accounts with normal balances: Common Stock, $10,200; Dividends, $1,400; Servic
GenaCL600 [577]

Answer:

The journal entries are as follows:

(i) On December 31,

Service revenue A/c Dr. $25,000

         To income summary A/c       $25,000

(To record the service revenue)

(ii) On December 31,

Income summary A/c Dr. $18,400

        To wages expense                $14,400  

        To rent expense                    $4,000

(To record the rent and wages expense)

(iii) On December 31,

Income summary A/c($25,000 - $18,400) Dr. $6,600    

           To Retained earnings                                        $6,600

(To record the Retained earnings)

(iv) On December 31,

Retained earnings A/c Dr. $1,400

       To dividend A/c                     $1,400

(To record the dividend)

4 0
2 years ago
The sales for​ January, February, and March are​ $150,000, $180,000 and​ $220,000, respectively. For any particular month of​ sa
Gekata [30.6K]

Answer:

Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of​ sales

50% in cash from the previous​ month's sales

10% in cash from the sales from two months ago

C<u>ash collection March:</u>

From March= 220,000*0.4= 88,000

From February= 180,000*0.5= 90,000

From January= 150,000*0.1= 15,000

Total cash= $193,000

3 0
2 years ago
Andrew's mother knew something about planning since she was, in fact, a financial planner-a person who helps others to plan the
Grace [21]

Answer:

C

Explanation:

6 0
2 years ago
The optimal capital structure has been achieved when the A. weight of equity is equal to the weight of debt. B. debt-equity rati
pishuonlain [190]

Answer:

debt-equity ratio results in the lowest possible weighted average cost of capital.

Explanation:

The debt equity ratio measures how well a business's equity can account for its debt.

Weighted average cost of capital is referred to as a business's cost of capital and is the rate a company is expected to pay to its shareholders.

When the debt equity ratio results in the lowest weighted average cost of capital, it indicates that the cost of finding for the company is low. This is the optimal and least expensive capital structure.

5 0
2 years ago
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