RedPin was a combination restaurant, bowling alley, and bar in Oklahoma City. It boasted 10 bowling lanes; a full-service bar; space for private parties; a menu of local, made-from-scratch fare; and a large canal-front patio. By analyzing the marketing environment and developing strategies accordingly, RedPin was able to find success in good and bad economic conditions. Marketing does not occur in a vacuum. Unforesetn developments external to the firm can directy impact the success of its marketing stratogy. For this reason, marketing professionals continually scan and analyze the external environment. t is also critical that organizations identify and evaluate the direct and indirect competitors seeking to acquire market share and profits.
1. RedPin develops marketing strategies based on all of the following factors except:.
a. number of children in thecommunity.
b. educational level of Oklahoma City consumers.
c. age of potential customers.
d. percentage of male consumers that bowl.
2. Which of the following are not direct or indirect competition for RedPin?
a. restaurant in Oklahoma City .
b. traditional bowling alleys.
c. facilities that host children's birthday parties.
d. municipal government.

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.

Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?