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IRISSAK
2 months ago
5

Road King Cycles Inc. is a manufacturer of bicycles and sells its bikes to retail outlets that serve the consumer market. Road K

ing bicycles are priced at $900 and over and are typically sold to consumers who are recreational riders or those aspiring to compete in amateur cycling or triathlon events. Road King has enjoyed a steady stream of revenue from its line of road bicycles which are more traditional, multi speed bicycles for those who enjoy long rides on city or rural roads. Sales of road bikes are relatively stable and Road King does little to market the bikes to consumers because it has a dominant share of the market. However, hybrid bikes represent a growing segment as younger consumers prefer the upright riding position of the bikes and they can be utilized for either road or mountain biking. Road King is introducing a hybrid line of bikes and supporting it with extensive advertising in specialty magazines as well as social media marketing. Road King believes the category of hybrid bikes is growing but its market position is not as strong as other manufacturers, such as Cannondale. Using the Boston Consulting Group’s Growth Share Matrix, road bicycles would be categorized as __________ while hybrid bikes would fall into the ___________ category.
Business
1 answer:
soldi70 [3.6K]2 months ago
5 0

Answer:

Road bicycles can be classified as CASH COW, whereas hybrid bicycles are placed in the QUESTION MARK category.

Explanation:

Cash cows represent products with strong market share but slow market growth, providing substantial cash flow.

Question marks signify products in rapidly expanding markets but lacking a significant market share. They hold potential, though success is uncertain.

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Type the correct answer in the box. Spell all words correctly. Helena works at a paper mill. She has just blocked a proposal fro
soldi70 [3635]

Helena trabaja en una fábrica de papel. Ella acaba de bloquear una propuesta de un consultor que implicaba talar algunos acres adicionales de bosque. Argumentó que, hasta ese momento, la empresa necesitaba reforestar otra área cuando talaban un bosque-Ha demostrado el concepto de Conservación Ambiental en RSE

Explanation:

Existen cuatro tipos de Responsabilidad Social Empresarial

1) filantropía

2) conservación del medio ambiente

3) diversidad y prácticas laborales

4) voluntariado

En la pregunta vemos que Helena ha bloqueado una propuesta que requería la tala de bosque, ya que la tala de árboles en un área requiere reforestación en otra.

Por lo tanto, podemos concluir que Helena ha demostrado el concepto de Conservación Ambiental en RSE

6 0
2 months ago
Dumphy and Funke are rival tattoo artists in the small town of Feline. There are no other tattoo artists in town. It costs $30 t
arsen [3447]
For Part a, the equilibrium price that Dumphy and Funke will set is $30. In Part b, the profits for Dumphy and Funke at this equilibrium price amount to $0. Regarding Part c, both artists are expected to engage in price competition after experiencing a decline in demand. To clarify, the price each artist sets equals their marginal cost, thus establishing equilibrium at MC = $30.
5 0
2 months ago
E6-18 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 On its recent financial statements, Hassell
Scilla [3833]

Response:

  • 1. During this fiscal year, the total amount of bad debts that were written off was:

Allowance for Doubtful Accounts  

$ 147 Credit

$ 94 Credit

$ 58 Debit

$ 183 Credit Balance      

Dr Allowance for Uncollectible Accounts $ 58  

Cr Accounts Receivable Net $ 58  

2. Based on your answer to question (1), determine the cash collected from clients for this financial year.

Accounts Receivable  

$ 11,785    Debit  

$ 61,170    Debit  

$ 58         Credit  

$ 58,825 Credit  

$ 14,072  Debit Balance  

Explanation:

To ascertain the amount of debt written off during the ongoing year, take into account the balance from the previous year and factor in the total recorded for bad debts within the year. The difference between the total for the current year and these figures will indicate the written-off amount.

  • In the current year, Hassell noted a bad debt expenditure of $94 with no recoveries reported.  

Dr Bad Debt Expense                                $ 94  

Cr Allowance for Uncollectible Accounts $ 94  

1. What was the total amount of bad debts written off in the current year?  

Allowance for Doubtful Accounts  

$ 147 Credit

$ 94 Credit

$ 58 Debit

$ 183 Credit Balance

Dr Allowance for Uncollectible Accounts $ 58

Cr Accounts Receivable Net                 $ 58

2. Using the answer from requirement (1), calculate the cash obtained from customers this year    

With previously calculated figures, you can calculate the total amount collected throughout the year. You repeat the process used earlier to figure out the amount; using the movements from the current year, deduce the total collected value.

Accounts Receivable  

$ 11,785    Debit  

$ 61,170    Debit  

$ 58         Credit  

$ 58,825 Credit  

$ 14,072   Debit Balance  

Dr Cash                                   $ 58.825

Cr Accounts Receivable Net $ 58.825

     

5 0
1 month ago
In the current year, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely
marusya05 [3725]
Rhanda Merchandising Inc. Income Statement Total revenue $2,980,000 -Cost of goods sold ($1,520,828) Gross profit $1,459,172 -Depreciation expense ($250,000) Operating profit $1,209,172 Gain on condemnation of company property $266,000 -Loss of assets from meteor strike ($656,000) Income from continuing operations before taxes $819,172 -Income taxes ($207,000) Income from continuing operations after taxes $612,172 Gain from discontinued operations $755,000 -Loss from discontinued operations ($475,000) Net income $892,172
5 0
1 month ago
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