Why is it a good strategy to segment a potential market?
What will be an ideal response?
Through market segmentation, companies divide large markets into smaller segments. The smaller segments can
be reached more efficiently and effectively with services and products that meet their unique needs.
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What type of prepayment protection is afforded a reverse TAC bond?
What will be an ideal response?
Selected accounts from Taylor Company as of March 31, 2012, follow:
Cash $ 5,300 Inventory 10,250 Prepaid rent 100 Plant 40,500 Accumulated depreciation, plant 10,000 Accounts payable 6,300 Paid in capital 20,000 Retained earnings ? In addition, the following transactions occurred in the month of March. 1. Depreciation for the month amounted to $700 2. Purchased inventory on account for $3,000 3. Returned a portion of the inventory deemed defective for $200 4. Paid creditors $2,200 for inventory purchased in #2 5. Paid 6 months' rent of $600 in advance, covering April 1, 2012 through September 30, 2012. The contract price did not increase from the previous 6 months' period and covered October 1, 2011 through March 31, 2012 6. Sold inventory for $4,100 cash that cost Taylor Company $2,600 Required: 1. Journalize the transactions for Taylor Company. 2. Prepare an analysis of the transactions using the balance sheet equation. 3. Prepare an income statement for the month ending March 31. 4. Prepare a balance sheet at March 31.