Answer:
Place
Explanation:
When banks attempt to actualize their positioning approaches through the Place aspect, they ensure that both the inside and outside are aesthetically pleasing, the arrangement of furniture and movement patterns are meticulously planned, and that the lines for waiting are kept to a minimum.
Positioning strategies: This strategy focuses on one or two specific areas to prioritize for the development of the brand and products within the market. Before putting these strategies into action, it is crucial to comprehend the company’s strengths and weaknesses, the needs of target customers, and the market position of competitors, which aids in effective planning and accomplishing the organization's goals.
There are multiple dimensions to consider in positioning strategies, depending on the type of analysis the firm wishes to undertake.
In the current example, the bank has applied the place dimension of positioning strategies to enhance customer appeal and maintain an orderly service flow within the bank.
Answer:
Cost of the new machine:
= Price of new machine - Trade allowance + Market value of old machine
= $16,000 - $9,000 + $6,000
= $13,000
Consequently, the journal entry would be recorded as follows:
New Machine Cost A/c Dr. $13,000
Accumulated Depreciation (Book Value) A/c Dr. $4,000
Loss from machine exchange A/c Dr. $2,000
To Old Machine (Book Value) $12,000
To Cash (16,000 - 9,000) $7,000
(To document the equipment exchange)
$114,000
To begin with,
Net credit sales amount to $2,250,000.
The starting allowance for doubtful accounts stands at $36,000.
During the year, $90,000 worth of uncollectible accounts were written off.
First, we need to ascertain the adjustment needed for the allowance for doubtful accounts:
Excess amount to adjust = Uncollectible accounts written off - Beginning allowance for doubtful accounts
= $90,000 - $36,000
= $54,000
Allowance amount calculated as follows:
10% of the accounts receivable balance:
0.1 × $600,000 = $60,000
Thus, the necessary adjustment for the Allowance for Doubtful Accounts at December 31, 2017 totals to:
Excess to adjust + Allowance amount
= $54,000 + $60,000
= $114,000.
