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)
Answer:
B). targeting strategy and marketing mix
Explanation:
The options available for the question are;
a. locational excellence strategy.
b. targeting strategy and the marketing mix.
c. supply chain management.
d. operational excellence strategy.
e. strategic business unit control.
The question indicates that people globally recognize Pepsi as their primary choice for a refreshing beverage.
This positioning reflects Pepsi’s diligent execution of its targeting strategy and marketing mix. This concept in finance is known as targeting strategy, which is vital for market segmentation, identifying products that will appeal significantly to each consumer segment.
Additionally, Pepsi employs the marketing mix strategy, a vital tool for managing its target market. It oversees Product, Price, Place, and Promotion to enhance demand for its goods.
Conclusion: Advertisement
Rationale: When they mention receiving consecutive awards, it essentially promotes the message "Purchase our vehicle; we consistently receive awards," which I view as a form of advertising.
Answer:
DeShawn should not continue offering the engine detailing service
Explanation:
Given data
Cost = $40
Charge = $75
Total price = $90
Additional charges amount to $20
To determine
Whether DeShawn should proceed with the offer
Solution
Here, we know DeShawn's marginal benefit is Marginal benefit = total price - charge
Marginal benefit = 90 - 75
Marginal benefit = $15
Given that the additional charge is $20
Thus,
the marginal cost exceeds the marginal revenue
Hence, DeShawn should not continue the engine detailing service
Answer:
Upon completion of a Marketing Course, I should possess the following promotional abilities:
- Innovation Skills: A marketing professional is expected to think outside the box, stimulate creativity within the business, and devise unique methods to capture market attention and convert that interest into support.
- Market Development Skills: One should also develop the ability to recognize and express hidden customer needs (even before the customers themselves realize them), as well as identify socioeconomic trends and technological advances that present opportunities for the business and its clientele.
- Pricing Technology: Pricing combines elements of art and science. It encompasses aspects of accounting, economics, and psychology. Marketing primarily addresses the economics and psychological components. With this knowledge, one can understand buyers' mindsets and influence their purchasing decisions.
Cheers!
