Answer:
Purchases= $63,050
Explanation:
Giving the following information:
Sales:
July $80,000
August $90,000
September $70,000
The cost of goods sold is equal to 65% of sales.
The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the following month.
The inventory on June 30 is less than this ideal since it is only $65,000.
To calculate the purchases for July, we need to use the following formula:
Purchases= sales + desired ending inventory - beginning inventory
Purchases= 80,000*0.65 + (90,000*0.65)*1.3 - 65,000
Purchases= $63,050
The budgeted purchases for July are $63,050.
Budgeted cost of goods sold $52,000
(65% × $80,000)
Add desired ending merchandise inventory $76,050
[(65% × $90,000)×130%]
Total needs $128,050
($52,000+$76,050)
Less beginning merchandise inventory ($65,000)
Required purchases $63,050
($128,050-$65,000)
Inconclusion the budgeted purchases for July are $63,050.
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Outline the initiative that Woolworths , use to lessen their impact on environment
Woolworths understands that it can have a positive impact on the retail supply chain to make it more sustainable and reduce its carbon footprint. Woolworths' Sustainability Strategy 2007-2015 established a number of targets and commitments for the company to improve its sustainability and reduce its environmental impact by 2015.
Woolworths has launched a number of initiatives and joined a number of programs that promote and aim to have a low environmental impact. Woolworths retail businesses have signed the Kyoto Protocol, an international agreement established by the Framework Convention on Climate Change. The can be defined as an organization that is seen to be using various techniques to reduce their impact on the environment. This initiative helps to make the world a greener place by reducing emissions that are harmful to people's and animals' health. Woolworths uses the following initiatives to reduce its environmental impact: growing greener by lowering emissions, reducing plastic, and sourcing responsibly.
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1 points Time Remaining 41 minutes 43 seconds00:41:43 Item 13 Time Remaining 41 minutes 43 seconds00:41:43 Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating Department: Units: Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. Units started and completed: 250,000. Units completed and transferred out: 330,000. Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials.
Answer:
1000$
Explanation:
no why sorry lol i just count in my brain lol
1. Below are some of the components for Prufrock Corp. income statement for the year ending December 31t, 2016. Use the values to fill in the income statement and calculate the net income. All values are given in millions of dollars and there may be more lines provided than needed.
Sales $70,000
Tax Rate = 34%
Depreciation = $16,000
Interest Paid = $450
Cost of Goods Sold $35,000
Income Statement
Earnings Before Interest and taxes (EBIT)
Taxable Income (EBT)
Net Income
2. Prufrock Corp. has 4,000 million shares outstanding. If they do not reinvest any of their earnings what will be the dividend per share paid out this year?
3. Assume that the dividend from Part B will be paid out one year from today. After the initial dividend from part B is paid, the dividend is expected to grow at a rate of 4% per year. Investors require a 10% return on their investment, what is the current share price?
Answer and Explanation:
1. The computation of Earnings Before Interest and taxes, Taxable income and Net income is shown below:-
Earnings Before Interest = Revenue from sales - Cost of goods sold - Depreciation
= $70,000 - $35,000 - $16,000
= $19,000
Taxable Income = Earnings Before Interest - Interest paid
= $19,000 - $450
= $18,550
Net Income = Taxable Income - Taxes
= $18,550 - ($18,550 × 34%)
= $18,550 - $6,307
= $12,243
2. The computation of dividend per share is shown below:-
Dividend per share = Net income ÷ Number of shares outstanding
= $12,243 ÷ 4,000 million
= $3.06
3. The computation of current share price is shown below:-
Current share price = Current dividend ÷ (Expected return - Growth rate)
= $3.06 ÷ (10% - 4%)
= $3.06 ÷ 6%
= $51
Therefore we have applied the above formula.
Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
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Do you agree that Whirlpool can realize a competitive advantage through its diverse employees?
Yes, it's widely agreed that Whirlpool can realize a competitive advantag. Through its diverse employees.
Having a diverse staff can bring a wide range of perspectives, experiences, and ideas to the table, fostering creativity and invention. Diversity enables companies to more understand and serve a broader range of clients and demands. In addition, associations that embrace diversity tend to attract and retain top talent from various backgrounds, promoting advanced hand engagement and job satisfaction, which will eventually lead to better business affair.
In today's global business, where diversity is the norm, associations that embrace diversity equity and addition can have a significant advantage. Therefore helping Whirlpool to realize its competitive edge.
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suppose the income of consumer increased from 8000 to10000 birr. because of the change in income, quantity purchased from10 units to 12 ,how much is the income elasticity of demand,what types of goods the consumer buys and consume, explain result
The income elasticity of demand is 0.8, indicating that the good is a normal good and consumers buy and consume more of it as their income increases.
How to calculate Income Elasticity of Demand?To calculate the income elasticity of demand, we use the formula:
Income Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Income)
Given that the income increased from 8000 to 10000 birr, which is a 25% increase, and the quantity purchased increased from 10 units to 12 units, which is a 20% increase, we can plug these values into the formula:
Income Elasticity of Demand = (20% / 25%) = 0.8
Since the income elasticity of demand is positive (0.8), we can conclude that the good is a normal good. Normal goods are those for which demand increases as income rises, indicating that consumers buy and consume more of the good as their income increases.
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6:00 PM If the contract is "mixed," the governing law (UCC or common law) is determined by: Multiple Choice a. Article 6. b. whether there was liability relating to a negotiable instrument.c. whether services were performed. d. the predominant factor. 6:00 PM
If the contract is "mixed," meaning it involves both the sale of goods and the performance of services, the governing law (UCC or common law) is determined by the predominant factor. This means that whichever aspect of the contract is the main focus or primary purpose will determine the governing law. The correct option is d.
For example, if the contract involves the sale of a computer and also includes installation and setup services, but the primary purpose of the contract is the sale of the computer, then the UCC (Uniform Commercial Code) would be the governing law.
On the other hand, if the primary purpose of the contract is the performance of services, then common law would be the governing law. The determination of the governing law is important because the UCC and common law have different rules and requirements for contracts, such as the statute of frauds, warranties, and remedies for breach of contract.
Therefore, it is important to understand which law governs the contract in order to properly interpret and enforce its terms. It is not determined by Article 6 or liability relating to a negotiable instrument, but rather by the predominant factor in the contract. The correct option is d.
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Assignment I: Case 2
You have served three years as head of your state's
human services agency. In general, your relationship wit
the governor has been quite good, and your relationshi
with the legislature (which is dominated by the
governor's party) has been congenial as well. Recently,
however, there has been a move in the legislature to
reduce funding for a child-care program you think is
essential to finding and maintaining employment for
women on welfare. What would you do?
Since my relationship with the governor has been quite good, I will first talk to him about the issue and then also put it in writing to him. I will talk to him about me sending a proposal to the legislature on the reason why the reduction of funding for a child-care program should not be implemented and he should use his good office to influence the legislature so that when it is time to decide, all will be in favor of not cutting down on the funds.
I will also state the reason why it is good see and keep employment for women on welfare.
The act of getting or providing finance for a transaction or business is referred to as financing. Money supplied, particularly by a government or organization, for a specific purpose is referred to as funding.
Child Care Program refers to a single facility, a collection of facilities, or both that are run by a single owner or are under the supervision of a single organization.
Funding is to contribute funds in order to support a project, activity, or group: For example My journey to Canada will be paid for by the LIMA corporation. Any regulated structure that offers education and care to children from birth until the start of compulsory primary school is referred to as early childhood education and care.
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Reconcilling supply and demand has four overlapping activities, indicate these activites
To reconcile supply and demand, there are four overlapping activities. The four overlapping activities that help reconcile supply and demand are as follows:
Activity 1: Forecasting - The first step is forecasting, which entails predicting demand for goods and services. It is a quantitative process that includes data gathering, data cleansing, and mathematical modelling.
Activity 2: Planning - Planning is the second step. Planning involves identifying the resources needed to meet the anticipated demand, as well as allocating the available resources efficiently.
Activity 3: Execution - Execution is the third step. Execution entails efficiently managing the flow of goods and services from suppliers to customers, ensuring that the appropriate product and service is provided at the correct location, and ensuring that demand is satisfied.
Activity 4: Monitoring - Finally, the process includes monitoring the performance of the activities and the supply chain as a whole. It entails comparing actual performance to expected performance and identifying areas for improvement.
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Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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Apprenticeship, classroom lectures, and simulation exercises comprise methods used in
employee orientation
employee training
employee recruitment
employee performance
It should be noted that apprenticeship, classroom lectures, and simulation exercises comprise methods used in employee training.
What is employee training?
Employee training can be regarded as work program which gives the employees specific knowledge as well as skills for job performance in current roles.
This could involve apprenticeship, classroom lectures, and simulation exercises .
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Why is OpenAI recognized for changing the industry?
OpenAI recognized for changing the industry because it aid:
Online shopping and advertising. Web search.Digital personal assistantsWhat is the purpose and usefulness of artificial intelligence?OpenAI can be described as a research and deployment company that is set up to establish artificial general intelligence benefits to the humanity as a whole.
How the OpenAI can change industry includes;
Help them in term of advertisement to increase profit.Online assistance to reduce number of workers , hence reduce cost.Render web search assistance.Conclusively, OpenAl can use of Digital personal assistants to help industry.
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Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
The above paragraph refers to the proprietorship form of business organization.Proprietorship is the most simple and common form of business organization. Proprietorship is owned, managed, and controlled by an individual who is the sole proprietor of the business.
A sole proprietorship is the easiest and most common type of business to form and dissolve. A sole proprietorship is owned and managed by one person, referred to as the sole proprietor.
Because the proprietorship form of organization is simple to establish, run, and manage, it is a popular choice for small and medium-sized firms.
The business owner has complete authority over the company's operations, as well as all profits and losses. The proprietor has total authority over the company and can make any changes they see fit. There is no distinction between personal and business assets in a proprietorship.
The proprietorship form of business organization has its own set of advantages and disadvantages. Proprietorship is best for small businesses because it is simple to set up, and there is no separate legal entity created.
However, one of the disadvantages of proprietorship is the unlimited liability of the proprietor for the business debts. Nupur Nagpal, after finishing her M.B.A., began to help her father, Shri Bhushan Nagpal, in his business, which was running successfully with limited capital investment.
However, when Nupur tried to incorporate modern business techniques that she learned during her M.B.A., the workers began to protest, which led to a decline in the business's goodwill.
The business's liabilities became many times more than its assets, and Mr. Nagpal died of heart failure due to the pressure exerted on him by the creditors. The business ultimately failed, and it was closed down.
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Which statement is accurate regarding account planning
The ideal decision is (d). In many renowned advertising companies, it is taking the place of the research sections.
What does advertising account planning entail?Sales, marketing, and account management professionals utilize account planning as a marketing approach to target their existing clientele. To better comprehend the demands and motivations of their clients and build enduring relationships with them, they might develop account plans.
What do account planners at marketing firms do?Each campaign's strategic direction is driven by the account planner, who also makes sure that the creative work not only suits the brand but is also strategically targeted. Although the Account Planner plays a crucial function, many agencies assign account planning duties to the Account Manager or Director.
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Which of the following is accurate in discussing account planning?
a. It is taking the place of brand management
b. Its cost is less than that of relying on secondary sources
c. It eliminates the need for secondary research
d. It is replacing the research departments in many highly regarded ad agencies
Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.
Answer:
this is my own answer
Explanation:
hi
How to Prepare a Comparative Income Statement?
Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.
Step 2: Calculate the absolute change in the items mentioned in the income statement.
g where on form 4797, sales of business property, would the sale of the driveway be reported? page 1, part i. page 1, part ii. page 2, part iii. page 2, part iv.
On Section 4797, Part I, the land is sold. The capital asset portion of your Form 1040 is combined on line 13. Consequently, the answer to your last query is that this does count as two sales on your Form 4797, but only one of them is a Schedule D capital asset.
How do I fill out Tax form 4797 after sale of a rental property?To complete form 4797 for the 2013 tax year, I'm attempting to find out how to do it.
For $240,000 in 2007, the duplex was bought, and for $251,900 in 2013, it was sold.
Never owned by the owner, it was always used as a rental property. the following information
- Paid $240,000 when bought in 2007. (Land: 50,000 Building: 190,000)
- Purchased for $251,900 in 2013.
- $13,500 in fees for the property's selling
- Depreciation over the last six years or more: $34,000
- During this time, the home underwent no improvements.
I typed 251,000 into line 20 of form 4797. This is probably accurate.
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Needs and wants are limited, you are only limited by your mind. If you can imagine it, then your business can provide it.
A: True
B: False
On December 10, POGP Company receives an order for 200 sweater vests and assigns Job 83 to the order. Review the Materials Requisition table to journalize the entry to record the addition of the materials to Work in Process. If an amount box does not require an entry, leave it blank.
Dec. 10 Work in Process
Materials Feedback
Think about the flow of costs incurred to do a job and the accounts affected by sales to customers.
On December 15, review the Time Ticket tables to journalize the entry to record the addition of direct labor to Work in Process for the period December 1 through December 15. If an amount box does not require an entry, leave it blank.
Dec. 15 Work in Process
Wages Payable FeedbackCorrect
On December 15, review the Time Ticket tables to journalize the entry to record the addition of factory overhead to Work in Process for the period December 1 through December 15. If an amount box does not require an entry, leave it blank.
Dec. 15 Work in Process
Factory Overhead FeedbackPartially correct
On December 21, Job 62 is completed. Review the Job Cost Sheets and your journal entries. Journalize the entry to move the associated costs to the finished goods account. If an amount box does not require an entry, leave it blank.
Dec. 21 Finished Goods
Work in Process FeedbackPartially correct
On December 22, 75 of the 100 sweaters from Job 62 are sold on account for $125 each. Journalize the following transactions:
a. The entry to record the sale.
b. The entry to record the transfer of costs from Finished Goods to Cost of Goods Sold.
If an amount box does not require an entry, leave it blank.
Dec. 22 Accounts Receivable
Sales
Dec. 22 Cost of Goods Sold
Finished Goods FeedbackPartially correct
On December 31, the last work day of the year for the knitters, review the Time Ticket tables to journalize the entry to record the addition of direct labor to Work in Process for the period December 16 through December 31. If an amount box does not require an entry, leave it blank.
Answer:
sorry no clue
Explanation:
Despite potential benefits the disadvantages of a matrix structure include which of the following
There are different disadvantage of a matrix organizational structure. Despite potential benefits, the disadvantages of a matrix structure is that;
There seems to be a potential for interpersonal conflict with team members and also with the leaders.A matrix organizational structure A matrix organizational structure is known to be a type of struct that allows a lot of departments to quickly communicate and work together on a project.A disadvantage of a this organizational structure is that its members of a specific project team in this matrix organization structure often have a two reporting relationship, which can lead to anxiety and conflict over work set up.
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hi this is just a question for my career! i want to be a veterinarian or have a job in working with animals’ health. would this be a subject in biology? like zoology? also what subjects should i do well in for this job, would a subject be chemistry? and lastly should i have knowledge in medicine for it? thank you !
Answer:
This degree focuses on the health care and maintenance of all kinds of animals, including pets, livestock, and zoo creatures
Explanation:
Answer:
This degree focuses on the health care and maintenance of all kinds of animals, including pets, livestock, and zoo creatures
Explanation:
What is a certificate of deposit, or CD?
Do you think we should have to pay more or less taxes?
Who pays more taxes, the wealthy, middle-class, or those in poverty? Do they pay different types of taxes, or more taxes than others?
What are “Tax Loopholes” & who tends to benefit from them?
Paying tax is a relative thing .If government is utlizing the collected tax in proper ways and investing it in development arena,its good to pay the taxes because it ultimately will benifit us but paying more tax for government with weak development strategies and slow implementation that too with corruption its worthless of paying tax. 2. Middle class pays the hightest tax but the wealthy one pays low taxes because they wonderfully uses the tax loopholes inorder to pay less tax..Acutally paying less tax makes wealthy more wealthier but middle class who pay more tax cannot jump from middle class to high class because most of their income is deducted through tax
Example of a market for a good or service that is not rely on a physical store or location 
An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.
Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.
The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.
Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.
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Artist who draw images on a computer, often use a stylus in conjunction with a special
Answer:
Graphics is the correct answer to the following question.
Explanation:
The following answer is true because Graphic tablet is the device in which a person can draw graphics, images or they can also draw by their hands with use of digital pen which is use for drawing as they draw images on the paper. we can also say the graphic tablet is used for the digital art.
a project partner suggests you make several time consuming edits to your project the day before the deadline, even though she's had the opportunity to review your work all along. would would you do? check all that apply. A review her suggestions and tell her you'll prioritize the most important ones. B suggest that she should have made her suggestions sooner. C message her to tell her you won't have time to address the edits. D thank her for her suggestions but keep the work as it is. E ask for her help addressing the edits
Answer:
A and E
Explanation:
Considering the scenario described in the question, the right action to take in this event are:
1. review her suggestions and tell her you'll prioritize the most important ones: due to deadline which is nearby, the best thing to do during review is to ensure the study is done to the essential part of the project
2. ask for her help addressing the edits: because she's had the opportunity to review the work all along. And she is the one that suggested time-consuming modifications; it is ideal to ask for her input or help make the necessary edits so it will be faster, as she may have seen the needed improvements.
Hence, the correct answer is options A and E.
hello. what's 117-2? :)
Answer:
115
Explanation:
117 -2 is 115 yeah that's it
Answer:
115
Explanation:
117-2
115
okokokokok
Prepare the journal entries to record the following transactions of Wildhorse Company's books under a perpetual inventory system. Clarify which are debit and which are credit.
(a) On March 2nd, Windsor Company sold $854,200 of merchandise to Wildhorse Company on account, terms 2/10, n/30. The cost of merchandise sold was $517800.
(b) On March 6th, Wildhorse Company returned $109800 of the merchandise purchased on March 2nd. The cost of the merchandise returned was $66800.
(c) On March 12th, Windsor Company received the balance due from Wildhorse Company.
a) Credit Inventory for $517,800
b) Debit Inventory for $66,800
c) Credit Accounts Receivable (or Trade Receivables) for the same amount
(a) The journal entry to record the sale of merchandise from Windsor Company to Wildhorse Company on March 2nd would be:
Debit Accounts Receivable (or Trade Receivables) for $854,200
Credit Sales Revenue for $854,200
Debit Cost of Goods Sold for $517,800
Credit Inventory for $517,800
The debit to Accounts Receivable represents the amount owed by Wildhorse Company for the merchandise purchased on account. The credit to Sales Revenue recognizes the revenue generated from the sale. The debit to Cost of Goods Sold recognizes the cost of the merchandise sold, and the credit to Inventory reduces the inventory balance as the goods are no longer in stock.
(b) The journal entry to record the return of merchandise by Wildhorse Company on March 6th would be:
Debit Sales Returns and Allowances for $109,800
Credit Accounts Receivable (or Trade Receivables) for $109,800
Debit Inventory for $66,800
Credit Cost of Goods Sold for $66,800
The debit to Sales Returns and Allowances reduces the revenue from the original sale. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company for the returned merchandise. The debit to Inventory increases the inventory balance as the goods are returned to stock, and the credit to Cost of Goods Sold reduces the cost of the merchandise originally sold.
(c) The journal entry to record the payment received by Windsor Company on March 12th would be:
Debit Cash (or Bank) for the amount received from Wildhorse Company
Credit Accounts Receivable (or Trade Receivables) for the same amount
The debit to Cash represents the inflow of funds from the customer's payment. The credit to Accounts Receivable reduces the amount owed by Wildhorse Company, reflecting the settlement of the outstanding balance.
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Sales 101 teaches you to: Always just answer the question the customer has Never try to get more information about what the customer needs Always answer a question with another question Never look the customer in the eye
Answer:
I think it's A) Always just answer the question the customer has.
Explanation:
I know it's not D) "Never look the customer in the eye."
I don't think it's C) "Always answer a question with another question" that just seems like it would be confusing for the customer.
And I don't think it's B) "Never try to get more information about what the customer needs" because part of you're job as a salesman is find out what the customer needs.
So that leaves answer choice A
Your coin collection contains 53 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2059, assuming they appreciate at an annual rate of 6 percent?
Answer:
Value of collection = $16,652.38
Explanation:
The compound interest formula is:
\(A = P [ 1 + \frac{r}{n} ] ^{nt}\)
were,
P is the principal, which is $95 since that is the original value of 95 silver dollars purchased for $1 each.
r is the interest rate of 4.9%, expressed as 0.049
n is the number of times interest compounds each year, which is 1
t is the number of years the money is invested, which is 108 because we are calculating the gain between 1952 and 2060
Plug that in, and we get:
\(A = 95 [ 1 + \frac{0.049}{1} ]^{180}\)
\(A = 95 (1.049)^{180}\)
A = 95 × 175.2882
A = $16,652.38
Therefore,
Value of collection = $16,652.38
Hope it helps!!!brainliest pls!!!If the velocity of money is 3 and the amount of narrow money is $1.56 billion, what would be the nominal GDP?
Select one:
a. $8.5 trillion
b. $4.68 billion
c. $4.68 trillion
d. $5.68 billion
= 4.68 billion
Answer:
c. $4.68 trillion
Explanation:
Narrow money refers to the physical money coins and notes within an economy. It is a way of measuring the money that is available for immediate spending in the economy.
The velocity of money is the rate at which money circulates in the economy. Therefore, the velocity of money is a measure of the number of times narrow money circulates in the economy per period.
If the velocity of money is 3, narrow money circulates three times, meaning the value of GDP will be the velocity of money multiplied by narrow money
=3 x 1.56 billion
=4.68 billion