For the exercises below, create the double-entry system according to the accounts involved. Think carefully and analyze each exercise. 1. John is the owner of a fast food restaurant. He buys $50 of potatoes from his supplier. What are the accounts involved? (Use the double-entry system) 2. Peter is the owner of a furniture store. He sales $1200 worth of furniture to a customer. What are the accounts involved? (Use the double-entry system) 3. Mary is the owner of a toy store. She has a loan from the bank. The amount of the loan is $3000. This month Mary pays $200 for the monthly fee to the bank. What are the accounts involved? (Use the double-entry system) 4. Anna is the owner of a pizza restaurant. She uses her personal savings ($4500) to buy an oven. What are the accounts involved? (Use the double-entry system) 5. David is the owner of a sandwich shop. He uses the money from the business ($2500) to buy a new refrigerator. What are the accounts involved? (Use the double-entry system) 6...
Advertisement Advertising is a form of communication that is sponsored and has a message promoting or selling or trying to sell a product or service or an idea. It is classified as a form of marketing communication. Types of advertising Online Advertising: Online advertising or digital advertising as a form in which the message is conveyed via the internet. For every website ads are a major source of revenue. Advertising online has become very popular in the last decade and has surpassed the expectations of most of the advertising experts. 60% revenue of Google is generated from ads and the same goes for Facebook . Online advertising has become so effective that a particular ad can be targeted to a specific person of specific age of a specific location on a specific time. In terms of pricing advertising online is very cheap compared to all other forms of advertising. The major disadvantage of online advertising...
Quantitative Variables - Variables whose values result from counting or measuring something. Qualitative Variables - Variables that are not measurement variables. Their values do not result from measuring or counting. Unsatisfied Demand The unsatisfied demand of the good or service is a quantitative variable, that is obtained after the field study is done, from the analysis of other businesses and the number of buyers interested in the product with the characteristics of the entrepreneur. Consumer Profile The entrepreneur must build the characteristics of the consumer profile, these are qualitative variables, of who is likely to buy the product. The main questions the entrepreneur must answer to build the consumer profile are the following: - What do they buy? - Who buys? - From who do they buy? - Where do they buy? - Why do they buy? - When do they buy? - How do they buy? (distribution mean) - What is the age, sex, study level, income level, etc of the poten...
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