The targeting strategy in which a company goes after a large part of one or a few smaller segments is the niche marketing strategy.
What is niche marketing?Niche marketing is a form of advertising that targets a very defined market. This type of advertising is directed at a specific group of consumers who are perceived as underserved or have unique needs that conventional products or services do not satisfy. A niche market can also be defined by its size, geographic location, or demographic characteristics.
The following are the advantages of niche marketing: It helps the company to establish its name and reputation. Due to its focus on a specific area, the company can quickly become known as a specialist in that area. It helps the company to more easily identify the needs of the market. When the company focuses on a specific market, it can gain a deeper understanding of the needs of that market and provide products and services that are tailored to those needs.
Helps in developing long-term relationships with clients. When the company meets the unique needs of a niche market, it is more likely to develop long-term relationships with customers in that market. In conclusion, the targeting strategy where a company goes after a large part of one or a few smaller segments is the niche marketing strategy.
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Discuss any four ways in which Specialization has
improved the economic development of Nigeria
Answer:
Specialization has helped in these four ways:
1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.
2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.
3. Has helped bring the electrification of the country.
4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.
Economies of scale can arise from: Group of answer choices High prices on bulk purchases of raw material inputs and component parts. An advantage gained by spreading fixed production costs over a large production volume. Poor production operations. Increased spending on marketing and advertising activities.
Answer:
An advantage gained by spreading fixed production costs over a large production volume.
Explanation:
Economies of scales refer to that scale where the larger quantity of an output having similar level fo fixed cost cause in less cost per unit. It could be occured from an advantage that could be benefit by distributing the fixed production cost over and above to the wider production volume
Therefore the above statement should be considered
equipment was acquired on january 1, 2024, for $15,000 with an estimated four-year life and $1,000 residual value. the company uses straight-line depreciation. which of the following entries would be used to record the sale of the equipment for $5,000 on december 31, 2026? multiple choice account title debit credit cash $ 5,000 equipment $ 3,500 gain $ 1,500 account title debit credit cash $ 5,000 accumulated depreciation $ 10,500 equipment $ 15,000 gain $ 500 account title debit credit cash $ 5,000 equipment $ 4,500 gain $ 500 account title debit credit cash $ 5,000 accumulated depreciation $ 7,000 loss $ 3,000 equipment $ 15,000
The correct entry to record the sale of the equipment for $5,000 on December 31, 2026, would be: Account title Debit Credit, Cash $5,000, Accumulated Depreciation $10,500, Equipment $15,000, Gain $500
To record the sale of the equipment, we need to account for the cash received, the accumulated depreciation, the original cost of the equipment, and any gain or loss on the sale.
Cash: Since the equipment is sold for $5,000, we debit the Cash account for $5,000 as it represents the amount received from the sale.
Accumulated Depreciation: Accumulated Depreciation represents the total depreciation expense recorded over the years. Since the equipment was purchased on January 1, 2024, and the sale occurs on December 31, 2026, three years of depreciation would have been recorded. The annual depreciation expense is calculated as (Cost - Residual Value) / Useful Life. In this case, it is ($15,000 - $1,000) / 4 = $3,500. Thus, the Accumulated Depreciation account is credited for $10,500 (3 years x $3,500).
Equipment: The Equipment account is debited for the original cost of the equipment, which is $15,000, to remove it from the books.
Gain: If the proceeds from the sale exceed the book value of the equipment, it results in a gain. In this case, the gain is $500 ($5,000 - $4,500). Therefore, the Gain account is credited for $500.
The appropriate entry to record the sale of the equipment for $5,000 on December 31, 2026, involves debiting Cash for $5,000, crediting Accumulated Depreciation for $10,500, debiting Equipment for $15,000, and crediting Gain for $500. This entry properly reflects the financial impact of the equipment sale.
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All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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goods taken by the proprietor for domestic purpose of Rs.15000
Journal entries
plz help me
Explanation:
Given:
Amount of goods taken by proprietor = Rs. 15,000
Find:
Journal entry
Computation:
Books of (.... ltd)
Journal entry
Particular Debit Credit
Drawing A/c Dr 15,000
To Purchase A/c Cr 15,000
(Being goods taken by proprietor for personal use)
A large insurance company maintains a central computing system that contains a variety of information about customer accounts. Insurance agents in a six-state area use telephone lines to access the customer information database. Currently, the company's central computer system allows three users to access the central computer simultaneously. Agents who attempt to use the system when it is full are denied access; no waiting is allowed. Management realizes that with its expanding business, more requests will be made to the central information system. Being denied access to the system is inefficient as well as annoying for agents. Access requests follow a Poisson probability distribution, with a mean of 36 calls per hour. The service rate per line is 21 calls per hour. (a) What is the probability that 0,1,2, and 3 access lines will be in use? (Round your answers to four decimal places.) P(0)=
P(1)=
P(2)=
P(3)=
The probabilities of having 0, 1, 2, and 3 access lines in use are as follows:
P(0) = 0.1919
P(1) = 0.3643
P(2) = 0.2757
P(3) = 0.1654
The given problem can be modeled using the M/M/1 queuing system, where the arrivals of access requests follow a Poisson distribution with a mean of 36 calls per hour, and the service rate per line is 21 calls per hour.
To find the probabilities, we can use the formulas of the M/M/1 queuing system. The probability of having zero customers in the system (P(0)) is given by P(0) = 1 - (λ/μ), where λ is the arrival rate and μ is the service rate. Plugging in the values, we get P(0) = 1 - (36/21) ≈ 0.1919. Similarly, the probability of having one customer in the system (P(1)) is given by P(1) = (λ/μ) * P(0). Plugging in the values, we get P(1) = (36/21) * 0.1919 ≈ 0.3643.
To find the probabilities of having two and three customers in the system (P(2) and P(3)), we use the concept of the traffic intensity (ρ), which is defined as λ/μ. Since the system is stable (λ < μ), we can calculate P(2) and P(3) using the formula P(n) = (ρ^n/n!) * P(0), where n is the number of customers in the system. Plugging in the values, we get P(2) = (ρ^2/2) * P(0) ≈ 0.2757 and P(3) = (ρ^3/6) * P(0) ≈ 0.1654.
Therefore, the probabilities of having 0, 1, 2, and 3 access lines in use are approximately 0.1919, 0.3643, 0.2757, and 0.1654, respectively.
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plz help
Read the following scenario:
An up-and-coming rock band is interested in producing their first album. The band has researched the process of creating a digital album and invested in some recording equipment. However, they still need to cover some production and distribution costs. Which of the following would best help this band meet their production and distribution goals?
holding a benefit concert to raise funds for production
applying for a small-business loan from a bank
creating a crowdfunding site on the internet
selling pre-orders of their album to fans
Answer:
creating a crowdfunding site on the internet
Explanation:
took test
Answer:
C: creating a crowdfunding site on the internet
Explanation:
edg2021
(100 on unit test)
Conducting a search of the store is part of store closing duties. Why?
why amazon might offer a range of delivery options?
A reason could be to help the customer get their delivery faster or a way that they prefer.
What is the drawback of carrying more inventory than is needed?
A. Customers can have a difficult time choosing between all the
product options
B. Purchasing large amounts of goods usually results in a lower price
per good.
C. Too many resources can be tied up in the inventory.
D. Suppliers do not like to receive extremely large orders for
inventory
Answer:
C. Too many resources can be tied up in the inventory.
Explanation:
Hope this helps!
Too many resources can be tied up in the inventory is the drawback of carrying more inventory than is needed. The correct option is C.
What are the uses of inventory?The state of the goods is also examined during an inventory count. Inventory counts are useful for determining assets and liabilities in accounting. Inventory managers frequently utilize this data to estimate future stock requirements and oversee budgets. Inventory counts let you identify which stocks are selling well.
Poor quality products and degradation may result from an excess of inventory. It's likely that you have low inventory turnover, which implies you're not regularly turning all of your products if you have high volumes of excess stock. Unfortunately, unsold inventory that is stored in warehouses may start to deteriorate and expire.
Thus, the correct option is C.
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a quality perspective that focuses on whether or not a product was made or a service was performed as intended is the:
A quality perspective that focuses on whether or not a product was made or a service was performed as intended is the Conformance perspective. It is one of the Eight dimensions of quality.
What is the Eight dimensions of quality?David A. Garvin, formerly the C. Roland Christensen Professor of Business Administration at Harvard Business School, identified eight aspects of quality that can be utilized strategically to examine the qualities of a product.
Performance, features, dependability, compliance, durability, serviceability, aesthetics, and perceived quality are the eight important characteristics or categories of quality that Garvin suggests might act as a framework for strategic analysis.
The degree to which a product complies with standards in terms of its design and functionality is shown by the conformance perspective or dimension.
Therefore, the conformance dimension or perspective focuses on whether or not a product was made or a service was performed as intended.
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Rakeesh owns a deli shop on campus. He has a daytime manager and a nighttime manager, both of whom report to Joe directly. This is an example of a (blank) structure.staff managerslineline-and-staff
If Rakeesh owns a deli shop on campus. He has a daytime manager and a nighttime manager, both of whom report to Joe directly. This is an example of a: C. Line -and-staff.
What is Line -and-staff?Rakeesh is the owner of the deli store in this illustration and is most likely regarded as holding a queue position. Due to their direct management of the deli shop's operations throughout their different shifts the daytime and midnight managers are also line jobs.
Joe, who is in charge of both managers, would be regarded as holding a staff job since he aids and counsels them in their work. A line and staff relationship is demonstrated through the interaction between Joe and the management.
Therefore the correct option is C.
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Which two renewable technologies do not rely on energy from the sun?.
Answer:
GEOTHERMAL AND TIDAL ENERGY
Explanation:
Why is it a good idea to be organized in the workplace?
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
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Which persuasive appeal do you think is the most effective in advertising? Explain.
vertical analysis of financial statements is accomplished by preparing common-size statements. State True or False your answer: a. Trueb. False
A company's current assets are any assets it owns that it expects to use within a year. In contrast, quick assets are only those assets that can be converted into cash the most quickly, like cash, marketable securities, and accounts receivable. Therefore, not all current assets are quick assets, but all quick assets are current assets.
a. Common-size statements are used to conduct vertical analysis of financial statements. Each line item in true vertical analysis is expressed as a percentage of a single figure, like sales on the income statement or total assets on the balance sheet. When creating common-size statements, these percentages are calculated.
b. Liquidity is the speed at which an asset can be converted into cash. True, cash, cash equivalents, and receivables are the most liquid assets because they can be easily converted to cash.
c. A company's acid-test ratio won't change if it buys marketable securities with cash. Marketable securities and true cash are both regarded as quick assets. As a result, there will be no change to the calculation's numerator.
d. The times interest earned ratio can be calculated as follows: Divide earnings before interest and income taxes/interest expense by the amount of earned interest. The price-earnings ratio is calculated by dividing the stock's market price per share by its earnings per share. True TIE is calculated by dividing EBIT by interest expense e. True, the P/E ratio is obtained by dividing EPS by the market price per share.
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Full Question = True or false:
a. Vertical analysis of financial statements is accomplished by preparing common-size statements.
b. Liquidity refers to how quickly an asset can be converted into cash.
c. Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.
d. The formula for the times interest earned ratio is: Times interest earned=Earnings before interest expense and income taxes/Interest expense.
e. The price-earnings ratio is determined by dividing market price per share of stock by the earnings per share.
The modern enterprises reported all assets in the accounts at current market value. This action is a violation of:
This action is a violation of Cost Principle or Historical Cost Concept.
What is Historical Cost Concept?The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.
The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.
Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.
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Fundamental feature of capitalism which allows individuals to own control their possessions as they wish includes both tangible and intangible property
Answer:
private property rights
Explanation:
Private property rights are the rights that means the legal ownership of the resources and how it is used. In various type of countries, the property rights are exercised in order to hold, delegate, rent or sell the property also it is a feature of the capitalism
So as per the given situation the private property rights is the answer
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
When the company assigns factory labor costs to jobs, the direct labor cost is debited to.
Answer:
work in process inventory
The direct labor costs refers to the costs that is incurred by a company which has to do with the payment to the employees involved in the production activities of the company.
When a company assigns factory labor costs to jobs, then the direct labor cost is debited to the work in process inventory.
stock of ongoing projects .The term "direct labor costs" refers to expenses a business incurs related to compensating staff members who work in its manufacturing operations.
What do you know about factory labor costs?The sum of your company's expenditures on workers is, in essence, what is referred to as labor cost in the manufacturing sector. Hourly and salaried employee salaries are included in the total, along with employee taxes, bonuses, and additional expenses unique to the organization, including employee compensation plans.
A worker who performs skilled or unskilled work in a factory or mill, typically for a daily salary, and who is primarily involved in the production division is referred to as factory labor.
The percentage of labor costs as a percentage of the company's overall revenue for a given time period is known as the labor cost percentage. It represents how much the business spends on benefits and salaries.
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You are really hungry and have been wanting to eat pizza all day. Instead of ordering a medium, you order a large. However, after about 4 slices, you don’t want anymore. This is an example of which factor?
Responses
diminishing personal value
diminishing personal value
substitutes
substitutes
buying power
buying power
diminishing marginal utility
The fact that you ordered a large pizza but after 4 slices, don't want anymore is an example of diminishing marginal utility.
What is diminishing marginal utility?Diminishing marginal utility refers to an economic principle that talks about how the utility or satisfaction that a person gets from each additional unit of an item increases at first, and then decreases.
For instance, the person was really hungry and then ordered a large pizza to be satisfied. But as they ate more slices, they were satisfied less and less and eventually ended up wanting no more slices of pizza.
In conclusion, this is diminishing marginal utility.
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State two ways in which trade unions could assist workers in addressing non compliance with working conditions
Ways in which change unions should assist workers in addressing noncompliance with operating conditions are the standard sports of alternate unions consist of supplying assistance and services to their contributors, collectively bargaining for better pay and conditions for all people, and running to enhance the excellent of public offerings, political campaigning, and commercial movement.
The definition of a worker is someone or animal that performs a particular or essential project or who completes duties in a certain way. someone who works in a store is an instance a retail employee. someone who works diligently on his homework for hours a day is an instance of a tough employee.
A person is normally classed as a 'worker' if: they have a contract or other association to do work or offerings personally for praise (a contract may be written or unwritten) their reward is for money or an advantage in type, for example the promise of a settlement or future paintings.
Workers are the people employed by using a selected organization or company. Manpower is all the employees available to paint for a business enterprise or USA. A colleague or co-employee is a person you figure with, mainly in the workplace.
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Is incentive a disadvantage?
According to the given statement is It can gradually foster an attitude of entitlement, which will diminish motivation and performance.
What exactly are an advantage and a disadvantage?An advantage is any occurrence, opportunity, or strategy that is particularly favorable to achievement or any desired purpose, whereas a downside is a fault or unpleasant trait; a scam.
Can a drawback turn into a benefit?Disadvantage (physically, mental, etc psychological) is a benefit rather than a liability. It presents an opportunity for growth and development in your life that is profoundly significant. Consider how I changed careers from opera singer to clinical psychologist.
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Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 93 $ 42 Accounts receivable 54 57 Inventory 74 107 Property, plant, and equipment 638 549 Less accumulated depreciation 250 227 Total assets $ 609 $ 528 Liabilities and stockholders' equity: Accounts payable $ 62 $ 71 Accrued liabilities 38 37 Income taxes payable 27 49Bonds payable 250 221 Common stock 96 90 Retained earnings 136 60 Total liabilities and equity $ 609 $ 528Net income for the year was $100. Cash dividends were $24. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) operating activities for the year was:
The net cash provided by operating activities for the year is $145.
To determine the net cash provided by (used in) operating activities, we need to analyze the changes in the balance sheet accounts and consider the non-cash items. Here is the calculation:
Net cash provided by (used in) operating activities = Net income + Depreciation expense - Increase in accounts receivable + Decrease in inventory - Decrease in accounts payable + Increase in accrued liabilities - Decrease in income taxes payable
Net cash provided by (used in) operating activities = $100 + (250 - 227) - (54 - 57) + (107 - 74) - (62 - 71) + (38 - 37) - (49 - 27)
Net cash provided by (used in) operating activities = $100 + 23 - (-3) + 33 + 9 - 1 - 22
Net cash provided by (used in) operating activities = $100 + 23 + 3 + 33 + 9 - 1 - 22
Net cash provided by (used in) operating activities = $145
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a business operated at 100% of capacity during its first month and incurred the following costs: production costs (18,300 units): direct materials $178,700 direct labor 233,400 variable factory overhead 268,600 fixed factory overhead 103,300 $784,000 operating expenses: variable operating expenses $134,600 fixed operating expenses 42,000 176,600 if 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is
Calculation of Operating Income:
Statement of Variable Costs and Income
Particulars Amount Amount
One-time Sales Amount $1,124,000
a business operated at 100% of capacity during its first month and incurred the following costs: production costs (18,300 units): direct materials $178,700 direct labor 233,400 variable factory overhead 268,600 fixed factory overhead 103,300 $784,000 operating expenses: variable operating expenses $134,600 fixed operating expenses 42,000 176,600 if 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is??
Adjustable Costs:
2 Variable Cost of Goods Sold ($36.67 * ((18300-2000))
$597,721
3 Unpredictable operational costs
$120,900
((2+3) + (4) Total Variable Expenses
$718,621
Margin of contribution: 5
$405,379
Regular Expenses:
Six $90,000 in fixed factory overhead
7 Constant operating costs $41,800
Total fixed costs: 8 (6 + 7)
$131,800
Nine Operating Profits
$273,579
(DM Cost + DL Cost + Variable FOH)/No. of Produced Units = Variable Cost per Unit.
=($176000+$233100+$262000)/18300
=$671,100/18300
=$36.67
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Can ah budget include donations to charities
Answer:
A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.
Waste elimination is one of the most effective ways to increase the supply chain’s effectiveness of any business. Examine TWO (2) waste in supply chain operations and discuss the proactive actions to be taken to eliminate these. [25 marks]
Please provide the correct answer.
Subject : Supply Chain Management
The action of producing more of something than is needed, or producing too much: The company is in a bad financial position because of overproduction.Two common types of waste in supply chain operations are overproduction and excess inventory.
Overproduction: Overproduction occurs when more products or goods are produced than what is currently needed or demanded by customers. This leads to excess inventory, increased storage costs, and potential obsolescence. To eliminate overproduction, proactive actions can include implementing a demand-driven production system, adopting a just-in-time (JIT) approach, and closely monitoring customer demand and market trends. By aligning production with actual demand, businesses can reduce waste and improve the efficiency of their supply chain operations.
Excess Inventory: Excess inventory refers to holding more inventory than necessary, resulting in tied-up capital, increased carrying costs, and a higher risk of inventory obsolescence. To tackle excess inventory, proactive actions can include implementing effective demand forecasting techniques, improving inventory management processes, and establishing strong relationships with suppliers to ensure timely delivery and reduce lead times. Adopting inventory optimization tools and techniques, such as ABC analysis and implementing a reliable inventory replenishment system, can help in managing inventory levels effectively and reducing waste.
By addressing overproduction and excess inventory, businesses can streamline their supply chain operations, reduce costs, and improve overall efficiency. These proactive actions contribute to leaner and more agile supply chains, allowing businesses to respond effectively to customer demands, reduce waste, and enhance their competitive advantage in the market.
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A budget is prepared as part of a(n) _____ plan.
Answer:
Financial
Explanation:
Answer:
A budget is part of a financial plan.
Explanation:
Financial work is anything having to do with money, and a budget is a plan for spending money. Therefore, budgets are part of a finance plan!!
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
what was beachside co.'s total unit selling price? a.$36.80 b.$94 c.$104 d.$92
Beachside Co.'s Total Unit Selling Price Beachside Co.'s total unit selling price can be calculated using the given information. There are two methods to calculate the selling price for any product.
One is the cost-plus pricing method, and the other is the market-based pricing method. Here, we are using the cost-plus pricing method to calculate the total unit selling price. Based on the cost-plus pricing method, the selling price is calculated as follows:
Selling Price = Cost Price + Mark-up Percentage × Cost Price The given cost price per unit for Beachside Co.'s product is $24.50, and the mark-up percentage is 60%.We can calculate the selling price as:
Selling Price = $24.50 + 60% × $24.50 = $24.50 + $14.70 = $39.20.
Therefore, Beachside Co.'s total unit selling price is $39.20.Option (a) is the correct option. More than 100 words are written above.
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