Describe the three phases of the marketing plan, and the steps involved in each stage?

Answers

Answer 1

A marketing plan is broken down into three phases: research, strategy and implementation, and monitoring and assessment.

What are the steps involved in each stage?

Research: This stage entails compiling data about the industry, the competition, and the target market. The company's strengths and weaknesses as well as potential threats and opportunities are all identified using this data. This information is often gathered using approaches from market research, including surveys, focus groups, and market analysis.

The information obtained during the research phase is used to build the marketing objectives and strategies throughout the strategy and implementation phase. A budget is decided upon and the marketing mix, which entails product, price, promotion, and place, is established.

Monitoring and Evaluation: This phase entails keeping track of the marketing strategy's development and assessing its efficacy. The effectiveness of the marketing plan is evaluated using metrics including sales, market share, and customer happiness.

To learn more about marketing visit:

https://brainly.com/question/27155256

#SPJ4


Related Questions

which of the following can is an example of crowdsourcing? question 17 options: a multimedia company releases a game in the market for the first time. an eco-friendly apparel store, invites users to submit designs for its new range of ethnic wear on its online platform. a toy making firm outsources its research and development to an external vendor to gain competitive advantage. a retail firm removes most of its channel partners from its supply chain to deal directly with customers.

Answers

An example of crowdsourcing is when an eco-friendly clothing retailer asks customers to contribute ideas for a new line of ethnic clothing on its online platform. Here option B is the correct answer.

Crowdsourcing is a process of obtaining services or ideas from a large and undefined group of people, typically through the internet.

In this context, option B, where an eco-friendly apparel store invites users to submit designs for its new range of ethnic wear, is an example of crowdsourcing as the company is seeking ideas and contributions from a large and undefined group of people.

The other options do not involve seeking input or contributions from a large and undefined group of people and are therefore not examples of crowdsourcing.

Complete question:

which of the following can be an example of crowdsourcing?

A - a multimedia company releases a game in the market for the first time.

B - an eco-friendly apparel store, invites users to submit designs for its new range of ethnic wear on its online platform.

C - a toy-making firm outsources its research and development to an external vendor to gain a competitive advantage.

D - a retail firm removes most of its channel partners from its supply chain to deal directly with customers.

To learn more about crowdsourcing

https://brainly.com/question/29331726

#SPJ4

Eduaro i making cotume for hi chool play. He need 2 2/5 yard of fabric for each cotume. How many cotume can he make if he ha 15 3/5 yard of fabric?

Answers

With 15 3/5 yards of fabric, he can make 15 + 3/5 = 15.6 yards of fabric.

He can make 15.6 / 2.4 = 6.5 costumes with 15 3/5 yards of fabric.

Rounding down, Eduardo can make 6 costumes with 15 3/5 yards of fabric.

Eduardo needs 2 2/5 yards of fabric for each costume he is making for his school play. To find out how many costumes he can make, we need to divide the total amount of fabric he has by the amount of fabric he needs for each costume. Eduardo has 15 3/5 yards of fabric. We can convert this to a common fraction by multiplying the whole number (15) by the denominator of the fraction (5) and adding the numerator (3), resulting in 15*5 + 3 = 78 yards. Dividing 78 yards by 2 2/5 yards per costume gives us the number of costumes Eduardo can make, which is approximately 33.2 costumes. To simplify this answer, we can round down to 33 costumes.

Learn more about arithmetic here: brainly.com/question/11559160

ESPJ4

describe what happens if mutual dependency is not part of the negotiation.

Answers

Mutual dependency is the concept that both parties in a negotiation rely on each other to achieve their desired outcome. Without mutual dependency, negotiations can become one-sided and not result in a fair agreement for both parties.

If mutual dependency is not present in a negotiation, one party may have all the power and control over the outcome. This can lead to the weaker party accepting whatever terms the stronger party proposes, even if they are not favorable. The stronger party may take advantage of their power and demand more than what is reasonable or fair.

On the other hand, the weaker party may be unwilling to compromise and make any concessions, as they do not feel the need to rely on the other party. This can result in a stalemate and a breakdown in the negotiation process.

In conclusion, mutual dependency is an essential component of a successful negotiation. Without it, negotiations can become imbalanced and result in an agreement that is not beneficial for both parties. By recognizing and utilizing mutual dependency, both parties can work together to reach a mutually beneficial outcome.

For more about negotiation:

https://brainly.com/question/28461798

#SPJ11

sam has two options this weekend. he could work at his job and earn $9 per hour for three hours, or he could go to a sporting event for that three hours. a ticket for the event costs $30. what is the full cost (opportunity financial) of the event?

Answers

The lost wages (3 hours x $9/hour = $27) as well as the cost of the ticket ($30) will be included in the opportunity cost. The opportunity cost is therefore $57.

What does the opportunity cost?

Opportunity cost is the advantage that was lost because a particular option was not selected. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that can help people and businesses make more lucrative decisions. Opportunity cost is a wholly internal expense that is only utilized for strategic consideration; it is not included in accounting profit and is not reported externally. Opportunity cost examples include choosing to build a new manufacturing facility in Los Angeles as opposed to Mexico City, forgoing an equipment upgrade, or selecting the most expensive product packaging over less expensive alternatives.

To learn more about opportunity cost visit;

https://brainly.com/question/24319061

#SPJ4

Which of the following statements regarding generational marketing is​ correct?
A.Marketers need to form more precise​ age-specific segments within each generational group.
B.The most effective way to segment by age is to use birth date as the basis.
C.Marketers see Gen Z as one homogenous group.
D.Each generation is typically at the same socioeconomic level.
E.Marketers see baby boomers as one homogenous group.

Answers

In generational marketing, marketers need to form more precise​ age-specific segments within each generational group.

A marketer is a person who is typically in charge of creating a connection between the customer and the goods or services provided by the employer. Because people from the same generation frequently have similar outlooks and goals, marketers frequently employ generational marketing.

In order to target marketing efforts and communications to particular age-related qualities and preferences, the population is divided into several generational segments based on birth year and life events. Marketers must further divide each generational group into more accurate, age-specific subgroups if they want to be more successful. As a result, they can develop marketing tactics that are more specialised and targeted to each subgroup's particular needs, attitudes, and habits.

Read more about generational marketing on:

https://brainly.com/question/30296959

#SPJ4

Public goods are underproduced in a competitive market because the free-rider problem causes which of the following? Reduced market demand Fixed supplyNegative externalities Effective price ceilings

Answers

Public goods are underproduced in a competitive market because the free-rider problem causes reduced market demand.

Public goods are characterized by non-excludability, meaning that it is difficult to exclude individuals who do not pay for the good from consuming it. This creates a situation where individuals have an incentive to free-ride on the efforts of others by consuming the good without paying for it. This reduces the market demand for the good and makes it difficult for private firms to earn a profit from producing it, leading to underproduction. The free-rider problem is one of the reasons why public goods are often provided by the government rather than by the private sector. By providing public goods, the government can help ensure that these goods are produced and consumed in an efficient manner, without the problem of reduced market demand caused by the free-rider problem. The underproduction of public goods has negative consequences for society, as these goods are often essential for the public good. For example, if street lighting is underproduced, it can result in increased crime and decreased public safety. Similarly, underproduction of national defense can leave a country vulnerable to attack. To address this challenge, many governments provide public goods, using tax revenues to fund their production and distribution. This allows for the efficient provision of public goods, without the problem of reduced market demand caused by the free-rider problem.

To know more about market demand:

https://brainly.com/question/27325431

#SPJ4

what are the determinants of supply? instructions: in order to receive full credit, you must make a selection for each option. for correct answer(s), click the box once to place a check mark. for incorrect answer(s), click the optio

Answers

The number of producers, prices of other goods, technology, and resource prices are the determinants of supply.

The entire amount of products and services that are offered to customers in a market is known as supply. The higher the number of producers, the higher the number of goods produced and the higher the supply all things being equal. The reverse would be the case if the number of producers falls.

If the price of other goods increases, it would be more profitable to produce the other goods. As a result, the number of producers available for goods would reduce. Technological progress that reduces the cost of production and makes production more efficient, would lead to an increase in supply.

If the price of inputs increases, it becomes more expensive to produce the good and as a result, supply would fall.

Complete question:

What are the determinants of supply? Instructions: In order to receive full credit, you must make a selection for each option. For the correct answer(s), click the box once to place a checkmark. For the incorrect answer(s), click the option twice to empty the box. Income unanswered Prices of other goods unanswered Technology unanswered Tastes and preferences unanswered Resource prices unanswered Number of producers

To learn more about supply

https://brainly.com/question/13296654

#SPJ4

american business interests in hawai'i were mostly interested in this industry in the 1890's when they pushed for annexation of the hawaiian islands.

Answers

When they lobbied for the annexation of the Hawaiian islands in the 1890s, American economic interests in Hawai'i became mainly concerned therefore in sugar sector.

Poor urban residents became pushed into landfills and indeed the districts surrounding industries wherever they employed as middle- and middle and top urbanites relocated to new parts of respective towns.

According to "scientific management," also referred to as "Taylorization," worker productivity might be raised by imposing strict normal operations, accelerating processes, and automating processes.

How have all American children's futures been altered by Jacob Riis' photographs?

Due to growing public concerns about the plight of children who work, slave labor regulations have been implemented.

To know more about industries click here

brainly.com/question/30454410

#SPJ4

9-7 as an r&d manager, what actions might you take or programs might you implement to assure your organization got maximum benefit from patentable ideas?

Answers

As an R&D manager, it is important to take a strategic approach to ensuring that the organization is able to get maximum benefit from patentable ideas.

This involves establishing a clear process for identifying and protecting ideas, encouraging innovation, providing the necessary resources, and monitoring the success of the programs and processes.

First, the R&D manager should establish a clear process for identifying and protecting patentable ideas. This process should involve regular communication with employees to encourage them to share their ideas and ensure that they are properly documented and evaluated.

The R&D manager should also work with legal experts to determine which ideas are patentable and to secure the necessary patents.

Second, the R&D manager should implement programs to encourage innovation and creativity within the organization. This could include offering incentives for employees who come up with new ideas, sponsoring hackathons or other innovation events, and providing training and resources to help employees develop their ideas.

Third, the R&D manager should ensure that the organization has the resources it needs to turn patentable ideas into products or services. This could involve securing funding for research and development, forming partnerships with other organizations, or investing in technology and equipment.

Finally, the R&D manager should regularly monitor the success of the organization's patentable ideas and make changes to the programs and processes as necessary.

This could involve collecting data on the success of new products or services, conducting customer surveys, and evaluating the financial performance of the organization.

To learn more about R&D manager refer here

https://brainly.com/question/13312390#

#SPJ11

an inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise.

Answers

A perpetual inventory is an inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise.

What is the use of perpetual inventory in inventory management?

Perpetual inventory is a method of accounting in which a company continuously tracks its inventory levels in real time. This method provides a business with more precise inventory counts at all times. Its differs from a perpetual inventory system, which is typically the software or program that implements the perpetual inventory accounting method.

The system of perpetual inventory helps for tracking and recording stock levels in which every purchase and sale of stock is automatically and instantly logged. When a transaction occurs in this system, the software records a change in inventory levels in real-time.

Read more about perpetual inventory

brainly.com/question/25014592

#SPJ1

seller dominoe lists her house with broker fred. fred then buys dominoe’s house, collects the agreed-upon commission, then lists the property at a higher price. this is an example of

Answers

self-dealing - Self-dealing occurs when a broker does not reveal a true value of a property to a seller and uses the proceeds on their own behalf.

Property[1] is a collective term for a bundle of rights that grants legal control over things and designates owners of those things. Depending on the sort of property, an owner may be allowed to use it as defined by the property rights that have been granted to them, modify it, share it with others, redefine it, rent it, pawn it, sell it, exchange it for another piece of property, give it away, or destroy it[2]. Any property owner may have the right to forbid others from doing any of these things, regardless of the type of property.In economics and political economy, there are three main categories of property: private property, public property, and communal property (also called cooperative property).a piece of property that is shared

Learn more about property:

https://brainly.com/question/29528698

#SPJ4

What role do you think this industry leader should play in encouraging safer use of their smartphones?

Answers

Leaders in the industry should encourage the following strategies for safe smartphone usage. stopping application developers from gaining unapproved access to and sharing users' data for commercial or other purposes.

What qualities do leaders in business have?

Nearly all leaders have the crucial trait of being able to communicate effectively. Leaders must be able to communicate their goals, intentions, and the logic behind their chosen techniques in order to inspire trust in those around them. Alongside talking, listening is a crucial part of communication.

Industry leaders are businesses that have set themselves apart from the competition. Due to their creativity, adaptability, and expertise, they succeed at providing their clients with high-quality products and services. Taking a very active position in your firm is the first step toward becoming an industry leader, which is undoubtedly not an easy task.

To know more about Industry leaders, refer to:

https://brainly.com/question/14859839

#SPJ4

How early did Diana Jordan-New say you needed to show up before your scheduled time to start work?

Answers

Answer:Anna and I get there a bit early; the Princess is exactly on time. She wears a mint-green Chanel suit with no blouse and a stunning tan.

Explanation:

Which of these will typically authorize treatment from a specialist?
- Administrator - Policyowner
- Insurance company
- Gatekeeper

Answers

The insurance company typically authorizes treatment from a specialist. In a managed care insurance plan, the insurance company assigns a primary care physician, also known as a gatekeeper,

to oversee the patient's healthcare needs and refer the patient to specialists as necessary. The policyowner may choose the insurance company and plan, but the insurance company ultimately makes decisions regarding authorization for treatment. An administrator within the insurance company may be responsible for managing the approval process, but the final decision is typically made by the insurance company.

Learn more about insurance company here:

https://brainly.com/question/28548561

#SPJ4

a systematic process of identifying and describing the important aspects of a job and the characteristic a worker needs to perform the job well is a . group of answer choices legal audit

Answers

A job evaluation is the systematic process of inspecting particular duties and responsibilities related to a job, generally for writing a job description. See Performing Job Analysis.

What is a systematic procedure of identifying and describing the essential aspects of a job?

Job Analysis is a method to discover and determine in detail the particular job obligations and necessities and the relative importance of these responsibilities for a given job. Job Analysis is a manner the place judgements are made about facts gathered on a job.

A systematic system of figuring out and describing the vital elements of a job and the characteristics a employee wishes to function the job properly is a: Job analysis. A job analysis: Produces a job description and/or a job specification.

Learn more about  job analysis here:

https://brainly.com/question/13164103#SPJ4

a purchase of merchandise for cash would be posted

Answers

A purchase of merchandise for cash would be posted individually to Purchases.

The accounts involved in the transaction of merchandise are the purchases account and the cash account if goods are paid for in cash. It debits the purchases account and credits the cash account.

To keep client balances current, individual submissions from the sales newspaper are added to the accounts receivable each day. In a sales journal, client account computations are entered in the comparison column to indicate that entries have also been posted (or check marks when customer data are actually kept in alphabet order).

Nearly all marketing organisations utilise specialised diaries for orders, deposits, cash receipts, and cash payments, even though corporations use unique diaries for other types of everyday activities.

The complete question is:

A purchase of merchandise for cash would be posted (A) individually to Purchases and individually to Accounts Payable. (B) individually to Purchases. (C) as part of a column total to Purchases. (D) as part of column totals to Purchases and Accounts Payable.

To know more about merchandise, visit:

https://brainly.com/question/24074118

#SPJ4

warby parker and visionspring take into consideration company profits, human capital, and
a. The environment in which the firm operates.
b. ethical marketing practices.
c. its competitors.
d. a commitment to technology.

Answers

Warby parker and vision spring take into consideration company profits, human capital, and the environment in which the firm operates. Option a is the right choice.

The information, skills, and health that people invest in and amass throughout the course of their life provide them the opportunity to achieve their potential as contributing members of society.

Human capital encompasses qualities that employers appreciate, such as loyalty and punctuality, as well as resources like education, training, intellect, skills, and health.

The phrase "business environment" refers to "the sum of all external factors affecting the organisation and functioning of enterprises and industries. Business environment refers to the whole atmosphere or combination of institutional, social, political, and economic circumstances that govern how businesses operate.

To learn more about human capital

https://brainly.com/question/28244215

#SPJ4

the column total of the general credit column is posted. T/F

Answers

The column total of the general credit column is posted- false.

What is Journalism?

The practise of journalism involves acquiring, analysing, producing, and presenting information and news. Furthermore, it is a byproduct of these activities. Certain distinguishable traits and behaviours render journalism distinct from other pursuits and outcomes. Journalism is the process of gathering, preparing, and disseminating news, as well as related analysis and feature items, using both print and electronic media, including books, blogs, webcasts, podcast, social networking media sites, television, and movies. The main purpose of news would be to inform the public, even though it could also be engaging or entertaining. By giving citizens the knowledge they have to make the best choices for their lives and communities, media serves this objective.

To know more about Journalism visit:

https://brainly.com/question/29453064

#SPJ4

a(n) is the person who ensures that the team is productive, facilitates the daily scrum, enables close cooperation across all roles and functions, and removes barriers that prevent the team from being effective.

Answers

A(n) team leader is the person who ensures that the team is productive, facilitates the daily scrum, enables close cooperation across all roles and functions, and removes barriers that prevent the team from being effective.

The role of a team leader is critical to the success of any Agile team. They are responsible for ensuring the team remains productive, facilitating daily scrum meetings, enabling close collaboration between all members, and removing any barriers that prevent the team from performing effectively.

The Agile Team Leader must possess strong communication and organizational skills in order to keep the team on track, as well as a strong understanding of the Agile framework. They must also be able to identify and address any issues that may arise during the project in order to ensure the team is successful.

The team leader should also be a role model for the team, leading by example and providing guidance and support when needed. They should be proactive and take initiative in order to ensure the team is successful and able to meet their goals.

To learn more about team leader, click here:

https://brainly.com/question/28864608

#SPJ4

the work in process, january 1, was $10,000. direct materials used were $200,000; direct labor incurred was $300,000; and total manufacturing overhead applied was $400,000. the work in process, december 31, was $50,000. the cost of goods manufactured is .

Answers

The cost of goods manufactured is $940000.

Cost of goods manufactured = $50000 +$200000 +$300000 + $400000 - $10000= $940000.

What is cost of goods manufactured?

One of the carrying value of the commodities sold within a specific time period is known as the cost of goods sold (COGS). several formulas, such as specific identification, first-in-first-out (FIFO), or average cost, is used to correlate costs with specific commodities. The total cost of transporting the inventory to their current location and condition includes all acquisition prices, conversion charges, and other costs. Materials, labor, and allotted overhead are included in the costs of the commodities produced by the company. Until the inventory is sold, or its value is written down, the costs of those things that have not yet been sold are postponed as expenses of inventory.

Know more about cost of goods manufactured- brainly.com/question/17093178

#SPJ4

how do changes to the federal funds rate affect the inflation rate?

Answers

The federal funds rate affect the inflation rate through its impact on the bank interest rate and money supply on the economy.

The Fed can control the inflation through the monetary policy related to interest rate and money supply on the market.

When the Fed decides to hold the inflation and slow down the economy, the Fed will increase the federal funds rate charged to the common banks. Those banks will try their best to keep their reserves to avoid borrowing reserves from other banks. Banks will increase their interest rate charged to the public.

Public will be attracted with the higher interest rate and prefer to save their money on banks instead of spending it on goods and services. This action will move the price equilibrium on the market and lower the Customer Price Index (CPI), that directly reflects on inflation rate.

When the Fed intends to boost the economy and trigger inflation to avoid deflation, the Fed will lower the federal funds rate. Common banks will also lower their interest rate, encourage public to submit for bank credits and increase the amounf of money supply in the economy.

This action will give the public an experience called "wealth effect". This condition will lead shift the demand curve to the right and bring the price equilibrium to a higher position. The Customer Price Index will increase and directly affect the inflation rate.

Learn more about Federal Funds Rate here: brainly.com/question/23451041

#SPJ4

On the Wage W-2 input screen the first entry is? A. Employer information. B. Wages. C. Ownership code. D. State wages.

Answers

On the Wage W-2 input screen the first entry is Employer information. All business information, technological information, intellectual property, trade secrets, customer information, and other information that belongs.

To the employer, relates to the employer's internal affairs, or is not readily available about the employer's business, technology, staff, and/or customers is referred to as employer information. A person, company, or other entity that employs business and pays them for their labour is an employer. Employees are those who are paid to perform labour. Employers provide workers a job. Employment Information. An employment detail is information about an employee's employment. You can access information about an employee, including their job history and the resources the company has given them.

To learn more about employer, click here.

https://brainly.com/question/1361941

#SPJ4

True or false: Auditors often perform background checks on key members of management as part of their assessment of financial reporting risk

Answers

The given statement "auditors regularly conduct background checks on important members of management as part of their assessment of the risk involved with financial reporting" is TRUE.

What are auditors?

The auditor has a duty to prepare and carry out the audit in order to get a reasonable assurance regarding the absence of a major misstatement, whether brought on by fraud or error.

Key members of management frequently have their backgrounds checked by auditors as part of their evaluation of the risk associated with financial reporting.

Auditors regularly do background checks on these people to uncover any issues that may need to be evaluated and addressed.

Senior management and the board of directors set the tone at the top of a firm and have the potential to perpetrate fraudulent financial reporting.

Therefore, the given statement "auditors regularly conduct background checks on important members of management as part of their assessment of the risk involved with financial reporting" is TRUE.

Know more about auditors here:

https://brainly.com/question/26048609

#SPJ4

harvey is the sole proprietor of a flower shop. he drove his van 20,000 miles during the year. 16,000 miles were for delivering flowers to customers and 4,000 miles were for personal use. instead of figuring actual expenses, harvey decides to use the standard mileage rate to figure the deductible costs of operating his van. what amount can harvey claim as the cost of operating his van as a business expense in 2020?

Answers

Harvey will be allowed to deduct $9200 in 2020 for the cost of operating his van as a business expense.

Consult Publication 463, Travel, Entertainment, Gift, and Car Expenses, for the most recent standard mileage rate. The following conditions must be met in order to use the normal mileage rate:
1) It is forbidden to operate five or more vehicles at once, such as in a fleet operation.
2) You cannot have used an other calculation method than straight-line to calculate the car's depreciation,
3) You must not have deducted the car under Section 179,
4) You must not have used the car's unique depreciation allowance.
5) After 1997, you may not have deducted actual costs for a leased vehicle.
6) You must decide to use the regular mileage rate for a car you own in the first year it is available for business usage. Then, in later years, you can choose to use the normal mileage rate or real expenses.
7) If you decide to employ the normal mileage rate approach for a car you lease, you must do so during the full lease term (including renewals).

According to the IRS, the standard mileage rate for 2020 is 57.5 cents per mile.
In 2020, the amount of cost that Harvey is permitted to deduct as the cost of operating his van as a business expense = (16000 * 57.5) / 100 = $9200


To know more about Standard Mileage Rate, refer to this link:
https://brainly.com/question/19552647

#SPJ4

during the last couple of decades, it has become important for value-oriented marketers to ________blank with customers.

Answers

During the last couple of decades, it has become important for value-oriented marketers to move toward a relational perspective from a transactional orientation blank with customers.

One who purchases goods or services from another company is referred to as a customer. Because they bring in money, customers are important. Organizations would cease to exist without them. To indicate the possessive form for a single client, use the term "customer's" with an apostrophe before the "s." Use the phrase customers' with an apostrophe to indicate the possessive plural form of several customers. When a possessive signal is not necessary, do not use an apostrophe. One who purchases goods or services from another company is referred to as a customer. Customers are critical to a company's success because they provide income; without them, the company would have to close its doors.

Learn more about customers here

https://brainly.com/question/29250610

#SPJ4

which type of supply chain design is defined by early supplier involvement

Answers

The  type of supply chain design is defined by early supplier involvement is  Concurrent engineering

What is Concurrent engineering?

Concurrent engineering, often known as concurrent design and manufacturing or integrated product development employing an integrated product team approach, is a work technique that emphasizes the parallelization of tasks.

Therefore, the technique of concurrent engineering involves employing one or more design tools to automatically connect and share product data among geographically dispersed engineering teams.

Learn more about supply chain from

brainly.com/question/24953880

#SPJ1

echnology can help governments handle economic emergencies, such as the reliance on automation. crop and resource shortages. the fall of the unemployment rate. instant sales and communication.

Answers

Governments can use technology to manage economic crises like crop and resource shortages.

How does technology aid in the growth of the economy? Governments can use technology to manage economic crises like crop and resource shortages.The government can solve the issues of food scarcity and water scarcity by adopting new technological interventions to boost agricultural output and lessen the effects of water scarcity.Weeds and pests can be managed using crop protection techniques.For maximum crop yield, drip irrigation technology delivers water straight to the roots of plants.Integrated soil fertility management and organic farming are two more approaches that can be used. It is generally acknowledged in the field of economics that the main force behind the economic expansion of nations, regions, and cities is technology.Progress in technology makes it possible to produce goods and services more effectively, which is essential for prosperity.

To learn more about technology refer

https://brainly.com/question/11331306

#SPJ4

Andrew Clark Company discovered the following errors made in January 2015.


1. A payment of Salaries and Wages Expense of $700 was debited to Equipment and credited to Cash, both for $700.


2. A collection of $1,000 from a client on account was debited to Cash $100 and credited to Service Revenue $100.


3. The purchase of equipment on account for $760 was debited to Equipment $670 and credited to Accounts Payable $670.


A. Correct the errors by reversing the incorrect entry and preparing the correct entry.


B. Correct the errors without reversing the incorrect entry.


Account Titles Debit Credit

(a)

1. Salaries And Wages Expense 700

Equipment 700

2. Cash 1000

Service Revenue 100

Accounts Receivable 100

3. Equipment 335

Accounts Payable 335

(b)

1.

2.

3

Answers

To correct these errors, the incorrect entries can be reversed and the correct entries recorded, or the correct entries can be recorded without reversing the incorrect entries.

The corrected entries would correctly reflect the transactions in the company's accounting records.

A. Correct the errors by reversing the incorrect entry and preparing the correct entry:

To correct the error, reverse the incorrect entry by debiting Equipment for $700 and crediting Salaries and Wages Expense for $700. The correct entry would be to debit Salaries and Wages Expenses for $700 and credit Cash for $700.

Journal Entry:

Debit: Salaries and Wages Expense 700

Credit: Cash 700

To correct the error, reverse the incorrect entry by debiting Service Revenue for $100 and crediting Cash for $100. The correct entry would be to debit Cash for $1,000 and credit Accounts Receivable for $1,000.

Journal Entry:

Debit: Cash 1000

Credit: Accounts Receivable 1000

To correct the error, reverse the incorrect entry by debiting Accounts Payable for $670 and crediting Equipment for $670. The correct entry would be to debit Equipment for $760 and credit Accounts Payable for $760.

Journal Entry:

Debit: Equipment 760

Credit: Accounts Payable 760

B. Correct the errors without reversing the incorrect entry:

To correct the error, record the correct entry by debiting Salaries and Wages Expense for $700 and crediting Cash for $700.

Journal Entry:

Debit: Salaries and Wages Expense 700

Credit: Cash 700

To correct the error, record the correct entry by debiting Cash for $1,000 and crediting Accounts Receivable for $1,000.

Journal Entry:

Debit: Cash 1000

Credit: Accounts Receivable 1000

To correct the error, record the correct entry by debiting Equipment for $760 and crediting Accounts Payable for $760.

Journal Entry:

Debit: Equipment 760

Credit: Accounts Payable 760

To know more about Journal Entries,

https://brainly.com/question/28390337

#SPJ4

       

electronics world inc. paid out $9.5 million in total common dividends and reported $123.1 million of retained earnings at year-end. the prior year's retained earnings were $84.9 million. what was the net income? assume that all dividends declared were actually paid. write out your answer completely. for example, 25 million should be entered as 25,000,000. round your answer to the nearest dollar, if necessary.

Answers

Electronics world inc. paid out $9.5 million in total common dividends. The net income of the company is $47.7 million.

Retained Earnings (RE) are the accumulated portion of a company's profits that are not given to shareholders as dividends but are instead saved for reinvestment back into the company.

Typically, these funds are utilized to purchase working capital and fixed assets (capital expenditures) or to pay off debt commitments.

Information available in the problem:

Retained earning (beginning) = $84.9 million

Dividend paid out = $9.5 million

Retained earning (ending) = $123.1 million

To calculate the net income, use this formula:

RE (beginning) + Net income - dividends paid = RE (ending)

Plug the parameters' values into the formula (in million):

$84.9 + net income - $9.5 =  $123.1

Net income = $123.1 +  $9.5 - $84.9 = $47.7 million

Learn more about net income here:

https://brainly.com/question/17164171

#SPJ4

trey has two dependents, his daughters, ages 14 and 18, at year-end. trey files a joint return with his spouse. what amount of child tax credit (either as a child or a qualifying dependent) will trey be able to claim in 2022 for his daughters under each of the following alternative situations? use exhibit 8-8. required: his agi is $103,300. his agi is $431,000. his agi is $421,200, and his daughters are ages 10 and 12.

Answers

Trey will be eligible for a $2,500 child credit for each of the following hypothetical situations for his daughters.

What is a child tax credit?

The credit is worth $2,000 for each child up to age 16.

Last year, there were no early payouts. If you meet all eligibility requirements and your yearly income is less than $200,000 ($400,000 if filing a combined return), you are eligible for the full amount of the 2022 Kid Tax Credit for each qualified child.

The maximum tax credit per eligible child is $2,000 for those under the age of five or $3,000 for those between the ages of six and seventeen.

Additionally, unlike last year, you cannot obtain a portion of the credit in advance.

So, in the given situation, Under each of the following potential scenarios, Trey will be able to claim $2,500 in child credit for his daughters.

Trey has a $2,000 child tax credit for his qualifying child who is 14 (under 17) at year's end and a $500 child tax credit for his qualified dependent because his AGI is below the phase-out line ($400,000) for a combined return (not under 17 at year-end).

Therefore, Trey will be eligible for a $2,500 child credit for each of the following hypothetical situations for his daughters.

Know more about child tax credit here:

https://brainly.com/question/30447117

#SPJ4

Other Questions
how many days does the contracting officer have to notify the contaractor of the status of his/her value engineering change proposal 2. Use the difference of two perfect squares method to multiply the following problems.a. (a 3)(a + 3) = ?b. (x+y)(x - y) = ?c. (n + 5)(n-5) = ?d. (z-2)(z + 2) = ? The difference between a good and a service is that:a) a good helps satisfy unlimited wants; a service does notb) a service helps satisfy unlimited wants; a good does notc) a services is available in unlimited quantities; a good is notd) a good is available in unlimited quantities; a service is note) a good is tangible; a service is not PLS HELP!!!! ITS DUE TMR!!! (u dont hv to do Assessment practice) ILL GIVE U ALL MY POINTS AND MARK U BRANLIEST!! HELP 50 POINTS!!!!An image of a parallelogram is shown.A parallelogram with a base of 22 and one-half feet and a height of 19 and one-fourth feet.What is the area of the parallelogram? four hundred twenty-three and one-half ft2 four hundred twenty-seven and one-half ft2 four hundred thirty-three and one-eighth ft2 four hundred fifty-five and one-eighth ft2 How did the lab activities help you answer the lesson question, "How are minerals and rocks classified? What did you learn from conducting this lab?Keegan wrote the following claim about the game Rock-Paper-Scissors.CLAIM: Players of the seemingly random game Rock-Paper-Scissors can continually win rounds of the game by being aware of patterns of choices and paying close attention to opponents choices.Which of the following sentences should Keegan use as a reason to explain why her claim is true? A. The patterns only come out when the game is played in several rounds, not just one time. B. It may seem that the outcome of the game is random and therefore impossible to predict. C. The winning-hand gesture of the previous round strongly influences players choice of hand gesture in the next round. D. According to a study, players who lose a round of the game will likely switch, in the next round, to the hand gesture that comes next in the games name. Lucite contain 59. 9 g C, 8. 06 g H, and 32. 0 g O. You want to determine the empirical formula. How many mole of C are in the ample? A nurse has a difficult client has become frustrated. Which entry in nursing documentation is considered nonjudgmental in reporting findings? 2. Identify the multiplication problem that matches the model. cropper's supermarket is having a sale before a holiday weekend. the cost of placing the ads on local tv and in the local newspaper would be classified as neither a period cost nor overhead. a period cost and overhead. a period cost, but not overhead. overhead, but not a period cost. Explain the process by which charge is transferred and provide evidence What is Iron II Oxide? The Sunnah is based on accounts by A. People who knew Muhammad. B. Muslim legal expert. C. Muhammad and earlier prophets. D. Muslim scholars of the 900s evaluate the expression for x = 3 3/4 8x +8 executive order 9981 was a response to the lack of progress regarding civil rights by the Which patterns of behavior currently cause the largest number of deaths in the United States? complete the following statement: the term net force most accurately describes state how people and businesses benefit from economic freedom which step is the same when constructing an inscribed square and an inscribed regular hexagon? (1 point) Rav provide foofd for a event lat year 550 people attenedde an event Thi year there will be 748 people attending the event