MyPillow uses television advertising and wanted to see whether the TV ads reached more viewers during the daytime spots or the prime-time spots. MyPillow wanted to adjust its TV spots to reach the greatest number of viewers. To get real-time reactions, MyPillow decided to conduct mobile market research because _______. a. most people do not multitask using smartphones b. using a mobile app is difficult and confusing c. most people do not use their desktop computers while watching TV d. fewer respondents are reached than in conducting telephone research
Answers
Answer:
c
Explanation:
If MyPillow wants to get real time update, it means it wants to get update as people are watching tv. In order to reach its audience, it would be right to reach them on the medium they use while watching tv. If most people do not use their desktop computers while watching TV , it would not be appropriate to use desktop computers.
But if people watch tv and use their phone, the appropriate means of carrying this research is through mobile.
Related Questions
If Yolanda wishes to understand her coworkers more deeply, she should study their ______.
a.
Body language
b.
Family tree
c.
TV viewing habits
d.
Clothes
Answers
Answer:
A Body Language. If somebody is all stiff, and their shoulders arent relaxed, there is probably something irritating them in their lives recently so they are on edge.
If Yolanda wishes to understand her coworkers more deeply, she should study their _____.
ans:a. Body language
exp:I hope i can help (^Δ^)
During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.
The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.
This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.
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Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Answers
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
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Insurance offers consumers
A. protection from the costs of unplanned events.
B. a guarantee that a business will succeed.
C. income to help start a new business venture.
D. full reimbursement after business setbacks.
Answers
Insurance is a means of protection that offers financial, medical and many sorts of supports at the time of need. The insurance can range from car to loan to many multiple things.
Hence its a sort of protection for the unknown costs and protects us from unknown events.Hence the option A is correct.
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Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee.
Answers
QS = 100PJ −20PO
QD = 1000−150PJ +100PC
Setting QS = QD, we get:
100PJ −20PO = 1000−150PJ +100PC
Solving for PJ, we get:
PJ = (1000 + 20PO - 100PC)/250
Therefore, the equilibrium price of orange juice (PJ) is dependent on the price of oranges (PO) and the price of coffee (PC).
Also, we can find the equilibrium quantity of orange juice by substituting the equilibrium price into either the supply or demand equation.
QS = 100PJ -20PO
QD = 1000 -150PJ +100PC
As the value of QS=QD, we can substitute either of the equation and find the value of Q.
The below two statements are related to mindfulness
a. It is not obscure or exotic.
b. It is evidence-based.
TRUE
FALSE
Answers
It is true that mindfulness is evidence based and false that it is exotic.
What is mindfulness?Mindfulness. It's an easy term to understand. It implies that the mind is entirely focused on what is taking place, what you are doing, and the environment you are moving through. That might sound insignificant, but it annoys me that we frequently stray from the topic at hand. When our mind wanders, we get disconnected from our physical selves and quickly become preoccupied with compulsive thoughts about the past or worry about the future. And it stresses us out.
However, awareness is always present to bring us back to where we are, what we are doing, and how we are feeling, no matter how far we go. It's great to give mindfulness a go for a time if you want to understand what it is. You will discover tiny variances in the meaning in books, online, audio, and video since it's difficult to put into words.
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Name one Business Owner who started out with a background in Arts and provide the name of the business . Please use complete sentence's.
Answers
One Business Owner who started out with a background in Arts and provide the name of the business is Oprah Winfrey.
Who is an art entrepreneur?Arts entrepreneurship can be described as the person that is focus on the creation and pursuit of novel ideas.
They are those that engage in artistic activities and are ready to share, and distribute creative work as a means of their business, therefore, One Business Owner who started out with a background in Arts and provide the name of the business is Oprah Winfrey.
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Super Smarts University has a sticker price of $45,000 per year. Kyle is applying there and uses their online net price calculator, which calculates a net price of $38,000 per year based on the information he is provided. He's #1 in his high school class, and he's got great SAT scores; so he's pretty sure he'll get in. How much will Kyle pay to attend?
Multiple Choice
A.) The exact net price
B.) Within a range of $5000 of the sticker price
C.) $0, because he'll likely get a full ride due to his high school achievements and scores
D.) It's impossible to know how much he'll pay until he receives his financial aid package
Answers
Answer:
A
Explanation:
The amount payable by Kyle to attend Super Smarts University is A. the exact net price.
The net price is usually the amount that a student pays to attend an educational institution for an academic year after the subtraction of the scholarships and grants the student receives.
Kyle will not pay $5,000 of the sticker price or $0 because of full scholarships and grants. Again, it is possible to know the amount Kyle will pay with the net price calculator.
Thus, the correct option is A because with the net price calculator, Kyle should determine the amount he will pay attending Super Smarts University annually.
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Explain external and internal marketing environment with suitable examples.
Answers
Answer:
The marketing environment of a business consists of an internal and an external environment. The internal environment is company-specific and includes owners, workers, machines, materials etc. The external environment is further divided into two components: micro and macro
Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242
Answers
Here is the ROIC calculation for Apple, Inc.:
The ROIC calculationNet income (loss) $14,030
Interest expense $0
Taxes $14,030
Net operating profit after taxes $28,060
Average invested capital $176,064
Return on invested capital (ROIC) 15.9%
The following table compares Apple's ROIC to that of BlackBerry:
Company | ROIC
------- | --------
Apple | 15.9%
BlackBerry | 4.9%
As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.
Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.
Here are some of the reasons why Apple has an advantage over BlackBerry:
Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.
Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.
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i. Accrued service revenue Birr bu ii. depreciation birr 300 iii. accrued salary expense birr 800 iv. prepaid rent expired birr 500 v. supplies used birr 100 Requirements a) Journalize and post adjusting entries b) Prepare adjusted tribal balance c) Prepare financial statement d) Journalize closing entries e) Preparing post closing trial balance
Answers
The Following are required Journalize and post adjusting entries.
Debit Credit
Accrued Service Revenue A/cTo Service Revenue A/c
Depreciation A/c 300To Machinery A/c 300
Salary A/c 800To Salary Payable 800
Rent 500To Prepaid Rent 500
Supplies A/c 100To Payable 100
How do you record accrued service revenue?Accrued revenue is reported on a company's financial statements as an adjusting journal entry under current assets on the balance sheets and as a financial result and capital on the income statement. When the payment is made, it is recorded in the asset account as an adjusting entry for accrued revenue.
Thus, the mentioned above are required Journalize.
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difference between Kenyan and china culture
Answers
Chinese culture is one of the world's oldest cultures, tracing back to thousands of years ago. Important components of Chinese culture includes ceramics, architecture, music, literature, martial arts, cuisine, visual arts, philosophy and religion
Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 24,000 shares of cumulative preferred 4% stock, $140 par, and 80,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $90,000; second year, $188,800; third year, $227,360; fourth year, $243,200.
Required:
Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places.
1st Year 2nd Year 3rd Year 4th Year
Preferred stock (dividend per share) $ $ $ $
Common stock (dividend per share) $ $ $ $
Answers
Answer:
year 1:
preferred stock dividends = 24,000 x 140 x 4% = $134,400, but only $90,000 were distributed ($44,400 to be distributed next year). Dividends per preferred stock share = $90,000 / 24,000 = $3.75
common stocks dividends = no common stock dividends distributed
year 2:
preferred stock dividends = $134,400 for the current year and $44,400 form last year = $178,800. Dividends per preferred stock share = $174,800 / 24,000 = $7.45
common stocks dividends = ($188,800 - $178,800) / 80,000 common stocks = $0.125 per common stock
year 3:
preferred stock dividends = $134,400 / 24,000 = $5.60 per preferred stock.
common stocks dividends = ($227,360 - $134,400) / 80,000 = $1.162 per common stock
year 4:
preferred stock dividends = $134,400 / 24,000 = $5.60 per preferred stock.
common stocks dividends = ($243,200 - $134,400) / 80,000 = $1.36 pe common stock
Software is being developed in 8-hour shifts in which country?
A.Canada
B. Mexico
C.India
D.Germany
Answers
Explain the relationship between the FAFSA, the SAR, and the EFC.
Answers
Explanation:
The SAR summarizes the information you provided on the FAFSA, and indicates the Expected Family Contribution (EFC). The EFC is the amount of money your family will be expected to contribute to your education. ... The lower your EFC, the more financial aid you will get.
Hope it helps
:>
EFC is an index number that is used to determine the eligibility for federal student financial aid, this number results from the financial information will be provided in FAFSA, then it will be reported on SAR.
What are the FAFSA, the SAR, and the EFC?FAFSA refers to the Free Application for Federal Student Aid, form that is filled by the college students to determine their eligibility for student financial aid in the United States.
SAR refers to the Student Aid Report is a document that gives the basic information about the student's eligibility for federal financial aid.
EFC refers to the Expected Family Contribution is an estimate of a student's eligibility for federal student financial aid.
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What differentiates the master builder approach prior to the Renaissance from later approaches?
A. The architect and engineer roles are clearly separated into separate project phases.
B. Knowledge is confined to particular individuals and not shared or formalized into a recognizable set of standards.
C. The engineering and construction roles dominated projects because architectural designs were so simple.
D. Projects do not depend on individual knowledge but leverage the total knowledge of the team.
Answers
Answer:
Design-Build, though not new as a delivery method for building projects, appears to be on the rise. Traditionally known as the Master-Builder method, it is a means of building where one party holds responsibility for both the design and the construction. The Master-Builder method was the only method before the now ubiquitous design-bid-build project structure. The Romans for example, famous for their roads, aqueducts, and amphitheaters, did not design a project, bid it out to subcontractors, and then select the low bidder to build it, but rather designed and built structures in a collaborative, somewhat simultaneous fashion. In building a house for a client during Colonial times, one party, such as a master carpenter, was responsible for delivering the general layout and exterior details, selecting structural members, and completing construction. In this way, the carpenter acted as the architect, engineer, and builder simultaneously. The concept of design, bid, and build arose out of the natural specialization of the architect, engineer, and builder in the post-1850s world, where modern structural engineering was born and separated from architecture, and architects and builders fully separated as distinct and separate entities.
Explanation:
thats what is said when i looked it up.....5 wedsits
Answer:
B. Knowledge is confined to particular individuals and not shared or formalized into a recognizable set of standards.
Explanation:
Which of the following is true regarding implied-in-law conditions?
Answers
Answer:
An implied contract is a non-verbal and unwritten – yet still legally binding – contract that exists based on the behavior of the parties involved or on a set of circumstances. Implied contracts may be implied-in-law or implied-in-fact.
What is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.
Answers
News release is the one or more printed or electronic pages of material released to raise awareness of something or shine light on it. The option (E) is correct.
What does public relations publicity mean?Any information shared with the public through the media that has the power to alter public perception of a brand, organisation, person, or product is referred to as publicity. There is a mix of good and bad news because the entity being discussed doesn't manage or control the information.
What is an illustration of public relations and publicity?Campaigns in traditional media, sponsorships, product placement, social media campaigns, consumer education, and corporate social responsibility are a few examples of public relations.
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The complete question is below:-
A _____ is one or more printed or electronic pages of information issued to generate publicity or shed light on a subject of interest.
A. feature article
B. house organ
C. press bulletin
D. media announcement
E. news release
Phillips Co. currently pays no dividend. The company is anticipating dividends of $.02, $.05, $.10, $.20, and $.30 over the next 5 years, respectively. After that, the company anticipates increasing the dividend by 3.5 percent annually. One step in computing the value of this stock today is to compute the value of:_________
a) P5.
b) P3.
c) P1.
d) P6.
e) P4.
Answers
Answer:
a) P5.
Explanation:
The formula to calculate the current price stock is as follow:
P0 = D1/(1+Ke)^1 + D2/(1+Ke)^2 + D3/(1+Ke)^3 + D4/(1+Ke)^4 + D5/(1+Ke)^5 + P5/(1+Ke)^5
The Price of share is P
The dividend is D
The required rate of return is Ke
which of the following users of accounting information are interested in the quality of a company assets?
a government agencies
b loan creditors
c employees
d public
Answers
Answer:
D
Explanation:
Well public is all about quality
proud family inc., produces a variety of products. the average cost of one widget using ABC costing is closets to
Answers
Answer:
b. $156.59
Explanation:
Note: The full question is attached as picture below
As the company is under traditional costing system and the allocation base is machine hours.
Variable OH per hour = Total variable cost / Total machine hours
Variable OH per hour = 513,600/32,000
Variable OH per hour = $16.05
Average cost of producing one unit of widget = Direct material per hour + Direct labor per hour + Variable OH per hour
= $95.52 + $51.04 + ($16.05*750/1200)
= $95.52 + $51.04 + $10.03
= $156.59
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,600,000 for $4,500,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $500,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2022, Rigsby would recognize realized gross profit of:
Answers
Answer:
I have the same gesture
Explanation:
idek
According to the video, which tasks do Urban and Regional Planners perform? Check all that apply.
developing recommendations to improve medical care
promoting the best use of land and resources
developing plans for growth and renewal
promoting campaigns for political elections
reviewing applications for government assistance
Nvm its b and c
Answers
Answer:
Wat
Explanation:
Answer:
b & c (did the assignment on edg) ;)
Explanation:
You are a media liaison officer for the sporting brand Hi-Tech. You have been tasked with developing a social media campaign to promote and create awareness for Hi-Tech’s ‘One’ campaign. Based on the information provided in the article, choose a social media platform (only one) that you feel will be most suited for achieving success. Your discussion must include the following: 2.1 Outline a mission and vision statement that you will use to guide your social media campaign.
Answers
A social media campaign is a planned marketing activity that uses one or more social media channels to support or further a company objective.
A campaign's greater emphasis, targeting, and measurability set it apart from regular social media initiatives. Place all the tracking mechanisms in place before launching a campaign. There are several free social media marketing tools available that measure shares, retweets, likes, and brand-related keywords.
Set goals for the campaign and arrange a firm deadline after a baseline has been established. Firm start and finish dates are essential for a) controlling expenses and mission creep, and b) evaluating results before and after the campaign.
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Suppose you have just finished your third year of college and expect to graduate with a bachelor’s degree in accounting after completing two more semesters of coursework. The salary for entry-level positions with an accounting degree is approximately $48,000 in your area. Shelton Industries has just offered you a position in its northwest regional office. The position has an annual salary of $40,000 and would not require you to complete your undergraduate degree. If you accept the position, you would have to move to Seattle.
Required:
For each of me following costs, Write Yes to indicate if the cost/benefit is a cost/benefit, irrelevant cost/benefit, sunk cost, or opportunity cost.
Relevant Cost or Benefit Irrelevant Cost or Benefit Sunk Cost Opportunity Cost
$40.000 salary from Shelton
Anticipated $48.000 salary with an accounting degree
Tuition and books for years 1—3 of college
Cost to relocate to Seattle
Tuition and books for remaining two semesters
$1 9,000 from your part-time job, which you plan to keep until you graduate
Cost to rent an apartment in Seattle (assume you are currently living at home with your parents)
Food and entertainment expenses, which are expected to be the same in Seattle as where you currently live
Increased promotional opportunities that will come from having a college degree
Answers
Answer:
Relevant benefit:
$40.000 salary from Shelton
SUNK COST: cost already assumed
Tuition and books for years 1—3 of college
Cost to relocate to Seattle
Opportunity Cost: what we renounce for taking the job at Shelton
$1 9,000 from your part-time job, which you plan to keep until you graduate
Increased promotional opportunities that will come from having a college degree (not a concrete monetary measurement but, it is something we renounce by taking the job)
Anticipated $48.000 salary with an accounting degree
Relevant Cost:
Cost to rent an apartment in Seattle (assume you are currently living at home with your parents)
Tuition and books for remaining two semesters
Explanation:
The salaries related to taking the degre are opportunity cost as we renounce to them by taking the job at Shelton.
Then, relevant cost as the rent and tuiton books of the last semesters
As they provide information to which quantity of money we have after expenses in both options.
Sunk cost are all cost that came beforeeas we cannot change them anymore.
Partly as a response to concerns expressed by environmentally conscious consumers, Unilever has introduced its “sustainable Living Brands” of “greener” products. Through product development, sourcing through a sustainability lens and manufacturing efficiencies, opportunities for innovation have opened up for Unilever.
The ‘greener’ product is an example of Unilever’s corporate level strategy for _______ growth.
Select one:
a.
internal
b.
external
c.
responsive
d.
innovative
Answers
The ‘greener’ product is an example of Unilever’s corporate-level strategy for innovative growth. Thus, option D is correct.
Unilever has launched its "sustainable Living Brands" of "greener" products, in part in response to concerns voiced by environmentally aware consumers.
Prospects for innovation have arisen for Unilever through product creation, sustainable sourcing, and production efficiency. The 'greener' product is an illustration of Unilever's corporate-level approach to creative expansion. Therefore, it can be concluded that option D is correct.
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Problem 4: The table describes a 10-person economy. Each person in this economy has 1 dollar that he might save or
consume. He saves only if he can obtain a return on savings at least as high as the rate indicated in the first column. Each
person also has access to an investment project paying the return listed in the second column. He is willing to undertake
the investment using his own savings only if the return on his investment is at least as high as the return he requires to
make saving attractive. He is willing to undertake the investment using a loan from a financial intermediary only if the
investment pays a return greater than or equal to the interest rate he must pay on the loan. He prefers to finance the
investment out of his own savings rather than a loan (if available) only if the return he requires to render saving
attractive is lower than the interest rate he must pay on a loan.
Saves If
Available Investment
Person
Return 2 (Percent) Return (Percent)
5
5
1
5
2
8
3
5
9
4
8
5
5
8
5
8
5
6
7
10
9
8
10
10
9
9
20
20
10
15
a. Assume first that the costs of carrying out financial transactions are so high that no borrowing or lending takes place.
As a result, the only way a person can earn a return on savings is by investing in his own investment project. Which
people will invest in this case? What is the simple average of the returns on the investments undertaken?
Answers
Answer:
im not understandidb
Explanation:
o hi me pease
Microsoft is weighing setting up an R&D facility in India to develop new software applications. Should it staff the new facility with Microsoft employees? Indian employees? Or should it subcontract with an Indian firm? Explain your answer and some of the potential challenges in implementing it.
Answers
Answer:
staff the new facility with Indian employees
Explanation:
This would be a good option considering the fact that this would be a new market environment they've not operated in before. By staffing the new facility with natives of the country who understand the Indian business environment better, such as
the ideal management styleunique business communication stylethe unique challenges to overcome.Additionally, Microsoft Corporation would be better positioned to carry out the needed research and development activities if conducts periodic training programs using expatriates.
Stylon Co., a women's clothing store, purchased $26,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30, using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $4,200, receiving a credit memo.
Answers
The date, the amount to be credited as well as debited, a short description of the transaction, and the accounts impacted are all included in each journal entry along with other information pertinent to a single business transaction.
What is in a journal entry?Any exchange, whether or not it is an economic one, can be recorded as a diary entry. An accounting journal that displays the debit and credit balances of a business lists transactions. Multiple recordings, each of which is whether its a debit or a credit, may be included in the diary entry.
Business transactions are initially entered into a journal in manual accounting or bookkeeping methods. the name "notebook entry" was born. Depending on the business, it may identify affected divisions, tax details as well as other information.
Journal entries are attached below:
c). Accounts payable = $25,480 - $4,312
= $21,168
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Rest of the question is,
a. Journalize Stylon’s entry to record the purchase. If an amount box does not require an entry, leave it blank.
b. Journalize Stylon’s entry to record the merchandise return. If an amount box does not require an entry, leave it blank.
c. Journalize Stylon’s entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.
d. Journalize Stylon’s entry to record the payment beyond the discount period of 10 days. If an amount box does not require an entry, leave it blank.
Question Content Area
Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production $15,353
Direct labor 28,038
Factory overhead 32,314
Work in process inventory, March 1 18,402
Work in process inventory, March 31 20,161
Finished goods inventory, March 1 24,609
Finished goods inventory, March 31 25,991
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2
Answers
The cost of goods manufactured for Zoe Corporation for the month of March is $73,946
The cost of goods sold for Zoe Corporation for the month of March is
$72,564
What is the cost of goods manufactured?
The cost of goods manufactured is the total cost of finished products completed in the current period, it is the beginning work in process inventory plus the cost of direct materials used in production, the cost of direct labor, factory overhead minus the cost of ending work in process
cost of goods manufactured=$18,402+$15,353+$28,038+$32,314-$20,161
cost of goods manufactured=$73,946
What is cost of goods sold?
The cost of goods sold is the manufacturing costs of goods sold in the current period, it is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory
cost of goods sold=$24,609+$73,946-$25,991
cost of goods sold=$ 72,564
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