The net sales for the two months ended December 31 is $15,876, rounded to the nearest whole dollar amount as $15,400.
To compute net sales, we need to consider the sales amount and deduct sales returns and allowances, sales discounts, and credit card discounts.
1. Sales on November 20 to Customer B: The total invoice price was $6,400, but since the terms were 2/10, n/30, the customer is eligible for a 2% discount if paid within 10 days. Therefore, the sales amount after the discount is $6,400 - ($6,400 * 0.02) = $6,272.
2. Sales on November 25 to Customer C: The sales price was $600, and since the customer paid using a Visa credit card, a 2% credit card fee is charged to Bennett Retailers. Therefore, the net sales amount is $600 - ($600 * 0.02) = $588.
3. Sales on November 28 to Customer D: The invoice price was $9,800, and the customer is eligible for a 2% discount if paid within 10 days. Hence, the sales amount after the discount is $9,800 - ($9,800 * 0.02) = $9,604.
4. Sales return on November 29 from Customer D: One item was returned due to being defective, so the credit amount given to the customer does not affect net sales.
5. Customer D's payment on December 6: The payment is made in full and is not considered in the net sales calculation.
6. Customer B's payment on December 20: The payment is made in full and is not considered in the net sales calculation.
Now, we can calculate the net sales by summing up the sales amounts from steps 1, 2, and 3: $6,272 + $588 + $9,604 = $16,464. However, since we need to deduct the sales returns and allowances, sales discounts, and credit card discounts, the final net sales amount is $16,464 - $0 (no sales returns or allowances) - $0 (no sales discounts) - $588 (credit card discount) = $15,876.
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Do you think it is fair for dealers to charge you more for a car they pay the manufacturer
Answer:
I dont think they should charge more
Explanation:
Answer:
In my opinion, No,
But this occurs only when demand is so high that dealers aren't struggling to make a sale, and it generally indicates that an MSRP is too low. In the rare case that dealers can't restock a particular vehicle fast enough, it's perfectly legal (and a savvy business decision) to charge more than the MSRP.
I hope this helps.
Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store.
Answer:
B. To help determine how much inventory to keep in stock of each item in the outlet, I would consider two factors. The first one is the certain amount of each item type in the first week - determining the number of each items input in the stock to be the original data to compare. The second is the number of items sold and still on stock. This would help determine invetory to keep in stock.
B. If I was running a store, I would prefer to use the pick up at store buying method. There would be cashier at the register to check the products and bills as well as receive money from the customers. This is the traditional and still always the most common methods. As the fact that people nowadays still like shopping in physical store, this is definitely the most effective method.
C. The inventory control method I would use when operating a store is to adopt modern technology like bar code to control the inventory stock. By using this technology, I would need to consider the bar code for each type and establishing software to automatically input the information about the number of items sold and in stock. With inputting the number of total items at the beginning and giving each item its corresponding bar code, the sales or number of stock would be tracked by the software.
D. An example of two commodities to be displayed together at store is pencil and rubber. Pencil and rubber undoubtedly are complementary products of each other. Complementary products are made to be used together. Each item requires the other for their complete uses. This is also the case of Rubber and Pencil and each item would not be fully used without the presence of the other.
Explanation:
one of these statements regarding the difference between the requirements for a qualifying child and the requirements for a qualifying relative is false. which is it?
The primary distinction between a qualified child as well as a qualifying cousin is that there is no restriction on the age of a qualified relative.
A qualifying kid should be underneath the age of 13 or completely but also permanently disabled to be eligible for the credit towards child and childcare vouchers expenses. The definition of a qualified child was made without consideration of the exceptions for abducted children including the children of divorced as well as separated parents.
The primary distinction between a qualified child as well as a qualifying cousin is that there is no restriction on the age of a qualified relative. Even non-relatives who are eligible to be claimed as dependents are considered qualifying relatives.
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please help due in an hour
If there are 100 transactions in a year and the average value of each transaction is $10, then if there is $200 of money in the economy, transactions velocity is _____ times per year.
Answer:
the answer is C:5 how I know: I did it
what is one way in which the executive branch helps create the legal environment for human resource management?
The President of the United States, who also serves as head of state and commander-in-chief of the armed forces, is given control over the Executive Branch. The greatest good for the greatest number of people must be the end result of human resource practices.
The President picks the leaders of all government agencies, including the Cabinet, in order to carry out and enforce the laws passed by Congress. The Vice President is a member of the Executive Branch and is prepared to take over as President if necessary.The daily enforcement and implementation of federal legislation is the responsibility of the Cabinet and independent federal agencies. These divisions and organizations have objectives that are as dissimilar from one another as the Department of Defense's and the Environmental Protection Agency's, the Social Security Administration's and the Securities and Exchange Commission's, are.The greatest good for the greatest number of people must be the end result of human resource practices.
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All of the following are considered appropriate speech in the workplace except O A. use of slang O O B. use of proper grammar O C. good pronunciation. O D. no use of swear words.
Answer:
a and d, The reason is your bussiness you should keep it professional.
Explanation:
All of the following are considered appropriate speech in the workplace except for the use of slang. Thus, option D is correct.
What is a workplace?A workplace, also known as a place of work, is a place where employees carry out duties, jobs, and projects on behalf of their boss. inevitably, a happy and pleased person will show this in his whole personality and development as a person. Other than just increased efficiency and staff fulfillment are some of the overall effects of a positive work environment.
While using slang at home or in social settings is allowed, doing so within the workplace can have unfavorable consequences. The employing of the vocabulary may cause misunderstandings in communication and can make those who cannot comprehend it feel excluded or alone.
Therefore, option D is the correct option.
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PLEASE HELP!
There are 2 types of sales approaches used in the sales process. These are: soft approach and hard approach. Explain both with examples for each.
Answer:
Soft Sell-Many customers appreciate the soft sell approach when they just need some guidance in deciding on a selection. The seller can use gentle persuasion or suggestion to convince the buyer. Soft sell techniques include pointing out that many of the items were sold last week, recommending a certain model that costs less or saying that you recently bought the same product and are happy with it. No pressure is used. You state facts and allow the buyer to decide.
Hard Sell-High-pressure tactics often are not well-received by customers. However, the intimidation in the hard sell might cause some people to buy a product they don’t really want or need. Hard sellers try to make customers feel they must buy the product or service right now. The salesman claims that the product might be gone tomorrow or the that customer has no need to wait because the seller guarantees satisfaction. The seller tries to make the decision for the customer in a hard sell. “You can afford it” or “If you don’t buy it now, it won’t be here later,” the salesperson might say. Many customers are aware of the hard sell and walk away immediately. The soft sell approach usually results in more sales, but the hard sell works sometimes.
NOT MINE FROM THE INTERNET.
plz look at photo and help plzz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
answer: i would guess the second one
which of the following should be pracited among all co workers in the workplace
a.bullying
b.discrimination
c.stereotyping
d.tolerance
Answer:
c
Explanation:
Answer:
D. Tolerance
Explanation:
Because what, you souldnt do any of the others, dude, teachers sometimes
Only one of the following statements about trade surplus and capital flow is correct. Which one is it?
Question 1 options:
1)a trade surplus means that there is a net inflow of capital
2)a trade surplus means that there is a net outflow of capital
3)a trade surplus exists if there is a net inflow of capital excluding foreign borrowing and lending
4)a trade surplus exists if there is a net outflow of capital excluding foreign borrowing and lending
The statement "A trade surplus means that there is a net outflow of capital." is correct. Hence, the suitable option will be option (2).
Give a brief account on trade surplus.A trade surplus, which happens when an economy's exports surpass its imports, is an economic sign indicating a healthy trade balance. There is a trade surplus when the result of the following calculation is positive:The trade balance is calculated as Total Value of Exports minus Total Value of Imports.A trade surplus is when there is a net inflow and the equation above produces a positive result. This is the opposite of a trade deficit. Reports on the trade balance are made available each month by the US Bureau of Economic Analysis (BEA).An economy's employment and economic growth can be boosted by a trade surplus, but it can also result in higher prices and interest rates.
The value of a nation's currency on the international markets can also be impacted by its trade balance because it enables that nation to trade away the majority of its money.
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The manager wants to forecast the month 6’s sales using the following historical data:
Months
Sales
Month 1
20
Month 2
25
Month 3
32
Month 4
35
Month 5
38
Please use the weight 0.45 for Month 5, weight 0.25 for Month 4, weight 0.2 for Month 3, and weight 0.1 for Month 2 to use the weighted moving average to forecast the demand of Month 5.
Please answer and show work.
We used the weighted moving average formula by applying the given weights to calculate the forecast of the demand of month 6. And the WMA of month 5 was found to be 34.75.
To use the weighted moving average to forecast the demand of Month 6, we must follow the following formula:
WMAt = w1Yt + w2Yt-1 + w3Yt-2 + w4Yt-3,
where Y is the value of demand, t is the time period, and w1, w2, w3, w4 are the weights given.
Given:
The weights to be used are w1 = 0.45, w2 = 0.25, w3 = 0.2, and w4 = 0.1, and we are required to forecast the sales for month 6.
To solve this question, we need to apply the formula and calculate the weighted moving average by putting the given values in the formula as follows:
WMA5 = (0.45 x 38) + (0.25 x 35) + (0.2 x 32) + (0.1 x 25)
WMA5 = 17.1 + 8.75 + 6.4 + 2.5
WMA5 = 34.75
Therefore, the WMA of month 5 is 34.75.
Thus, we used the weighted moving average formula by applying the given weights to calculate the forecast of the demand of month 6. And the WMA of month 5 was found to be 34.75.
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Draw a planned aggregate expenditure curve for an economy where autonomous expenditure is $500 billion and the marginal propensity to consume is equal to 0.75. plot values for actual aggregate expenditure of $0, $200 billion, $400 billion, $600 billion, $800 billion, and $1,000 billion.
Y (in $ billions) are 0, 100, 200, 300, 400, 500 and AE (in $ bilions)= 500+0.75Y, 500, 575, 650, 725, 800, 875. By plotting this we get the aggregate expenditure line.
We start with a very simplistic model in which there is neither a government sector nor a foreign sector to demonstrate how the aggregate expenditures model functions. The results from this simplified model are then used to create a more realistic model. The simplified economy's equations are simpler to deal with, and we can easily extrapolate the findings of an analysis of a simplified economy to a more realistic one. We make the assumption that there are only two parts to aggregate expenditures: consumption and investment, in order to create a straightforward model. Real gross domestic product and real gross domestic income are interchangeable terms, as we discovered in the chapter on measuring total production and income. Without a government or international industry, gross.
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The SmartArt icon will allow you to include which of the following on a slide?
I think the answer is Graphs, I hope this helps
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
Answer:
$1,100
Explanation:
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
1,299 - 199 = 1,100
What+is+the+return+on+equity+for+a+bank+that+has+an+equity+multiplier+of+14,+an+interest+expense+ratio+of+4%,+and+a+return+on+assets+of+.9%?
The return on equity for equity multiplier 14 and return assets of 0.9 is calculated as 12.6%
Calculation of return on equity
Return on equity= equity multiplier*return on assets
Return on equity= 14 ×0.9= 12.6%
Return on equity= 12.6%
Return on equity provides owners and investors with insight into your company's profitability. So, it assists financial backers with understanding whether they're getting a decent profit from their cash, while it's likewise an incredible method for assessing how productively your organization can use the company's value.
A company's ROE is calculated by dividing its net income by its shareholders' equity. The return on equity (ROE) is a measure of a company's profitability and profitability efficiency. The higher the ROE, the better an organization is at changing over its value supporting into benefits.
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Who do YOU like more
Joseph Biden or Donald Trump?
Please answer with you honest opinion.
Answer:
Explanation:
Joseph biden
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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Moneygrabber mutual fund gains 25% in year one and loses 20% in year two. What is its
actual annual return?
O-5%
0%
5%
10%
The actual annual return of Money grabber mutual fund is 0%. The appropriate response is option B.
What is mutual fund?A corporation that pools money from several people and invests it in securities like stocks, bonds, and short-term debt is known as a mutual fund. The portfolio of a mutual fund refers to all of its holdings. Mutual fund shares are purchased by investors. Each share reflects a shareholder's ownership interest in the fund and the revenue it produces.
The mutual fund gains 25% in year one and loses 20% in year two, thus the average annual rate of return is 2.5%. The actual annual rate is 0%.
The appropriate response is option B.
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Which career would organize, train, and support teachers and educational workers to help them provide better
instruction?
O distance learning coordinator
O education administrator
O instructional coordinator
O regulatory affairs specialist
Answer:
it is C instructional coordinator
Explanation:
Suppose that, due to the impact of Typhoon Mangkhut on Zhuhai, the price of spinach rises from 0.50 RMB to 1.00 RMB per pound and the quantity demanded falls from 1000 pounds to 400 pounds. a. Calculate the price elasticity of demand for spinach using the midpoint method in this price range (round to 1 decimal place). b. Is spinach elastic, unit elastic, or inelastic in this price range?
a. To calculate the price elasticity of demand using the midpoint method, we need to use the formula:
Elasticity = ((Q2 - Q1) / ((Q2 + Q1) / 2)) / ((P2 - P1) / ((P2 + P1) / 2))
Given:
Q1 = 1000 pounds
Q2 = 400 pounds
P1 = 0.50 RMB per pound
P2 = 1.00 RMB per pound
Using the formula, we can plug in the values:
Elasticity = ((400 - 1000) / ((400 + 1000) / 2)) / ((1.00 - 0.50) / ((1.00 + 0.50) / 2))
Simplifying the equation:
Elasticity = ((-600) / (700)) / (0.50 / (0.75))
Elasticity = (-600 / 700) / (0.50 / 0.75)
Elasticity = (-0.857) / (0.67)
Elasticity ≈ -1.28 (rounded to 1 decimal place)
b. To determine whether spinach is elastic, unit elastic, or inelastic in this price range, we can use the absolute value of the price elasticity of demand.
Since the absolute value of the elasticity is less than 1, spinach is considered inelastic in this price range.
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What do prices help buyers and sellers make?
a. products
b. models
C. targets
d. decisions
products the monetary value of a good as determined by supply and demand. occurs when supply outweighs demand; pricing must be reduced to entice customers.
option ( A) is correct
Prices aid buyers and sellers in what way?Prices provide vendors and purchasers incentives and communicate messages. Market prices alter in response to changes in supply or demand, which impacts incentives. Higher pricing for a good or service encourage both producers to make or sell more of it while also encouraging consumers to buy less of it.
What is the agreed-upon pricing between buyers and sellers?Price in equilibrium. An equilibrium price, also known as a market clearing price, is the agreed upon price when a product transaction takes place. According to the diagram in Image 1, this price occurs where supply and demand converge. Buyers and sellers are both eager to swap quantity Q for price P in Image 1.
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Under the _________________, factory overhead costs are allocated to products only using one rate.
a. activity-based costing method
b. single plantwide factory overhead rate method
c. multiple production department factory overhead method
d. None of these choices are correct.
Under the single plantwide factory overhead rate method, factory overhead costs are allocated to products only using one rate.
This is a simple method of allocating overhead costs, but it can lead to inaccurate product costs if the overhead costs are not homogeneous. A detailed answer would explain that this method calculates a single overhead rate by dividing the total overhead costs by the total amount of the allocation base, which is usually direct labor hours or machine hours. This rate is then applied to all products regardless of their individual usage of overhead resources. A long answer would further discuss the limitations of this method, including the potential for over- or under-allocation of overhead costs to products.
It would also compare this method to other methods of allocating overhead costs, such as activity-based costing and multiple production department factory overhead methods. This method involves allocating costs based on a single predetermined overhead rate, which is usually calculated using direct labor hours or machine hours.
Here's a step-by-step explanation:
1. Choose an allocation base (such as direct labor hours or machine hours).
2. Calculate the total factory overhead costs for the period.
3. Calculate the total amount of the allocation base for the period.
4. Divide the total factory overhead costs by the total allocation base to find the single plantwide factory overhead rate.
5. Apply this rate to each product by multiplying the product's allocation base usage by the single plantwide factory overhead rate.
Remember that this is a simplified method and other approaches like activity-based costing or multiple production department factory overhead methods may provide more accurate cost allocations.
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which of the following is not a characteristic of decentralization? multiple choice question. decentralization reduces how accountable lower-level managers are for the outcomes of their decisions. decentralization allows top management to concentrate on bigger issues such as overall strategy. decentralization puts the decision-making authority in the hands of those who have the most information on day-to-day operations. decentralization helps to train lower-level managers for higher level positions
"Decentralization reduces how accountable lower-level managers are for the outcomes of their decisions" is not a characteristic of Decentralization.
What is Decentralization ?When everyday operations and decision-making authority are transferred from top management to middle- and lower-level managers—and occasionally even team members—this is known as decentralization in business.
Decentralized frameworks enable team members to apply their skills, knowledge, and expertise to contribute meaningfully to the workplace. This strategy also lessens some of the constraints on business owners, allowing them to focus more on growth and less on day-to-day tasks.
Hence, option A is an appropriate response.
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Why do people start business?
Answer:
Because certain individuals rather be self-employed and given a more flexible schedule. Entrepreneurs have the ability to use their talents or ideas to gain profit.
Explanation:
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
the gaming entertainment business is different from its predecessor, the casino business, because ____________.
The gaming entertainment business is different from its predecessor, the casino business because it has numerous revenue-generating activities. The gaming entertainment business is very different from the casino business because revenue comes from multiple sources, not just games of chance.
gamingGaming is the act of playing electronic games, whether on consoles, computers, mobile phones, or another medium entirely. Gaming is a complex phrase that implies regular play, maybe as a pastime. Although gaming has traditionally been a solitary form of entertainment, online multiplayer video games have made it a popular group activity as well.
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which of the following will help to prevent bank runs
Measures to prevent bank runs include deposit insurance, prudential regulations, central banks acting as lenders of last resort, and effective communication and transparency from banks.
Bank runs can have severe consequences for both individual depositors and the overall stability of the banking system. To prevent bank runs, several measures have been implemented:
deposit insurance: One effective measure is the establishment of deposit insurance. Deposit insurance guarantees that depositors will be reimbursed up to a certain amount if a bank fails. This provides confidence to depositors and reduces the likelihood of a bank run.prudential regulations: Prudential regulations require banks to maintain a certain level of capital and liquidity. These regulations ensure that banks have enough resources to meet their obligations and reduce the risk of insolvency. By maintaining financial stability, prudential regulations help prevent bank runs.central bank as lender of last resort: Central banks act as lenders of last resort, providing emergency liquidity to banks in times of crisis. This ensures that banks have access to funds even during periods of financial stress, reducing the likelihood of bank runs.effective communication and transparency: Banks can also prevent bank runs by maintaining effective communication and transparency with their depositors. By providing clear and accurate information about their financial health and stability, banks can build trust and confidence among depositors, reducing the likelihood of a bank run.Learn more:About prevent bank runs here:
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The product life cycle refers to the stages a product moves through from the time it enters the market until the time
It's the stage by which a product move through from the time it enters the market until the time it is cleared. My own definition states that it's the length of time by which a product is introduced to consumers in the market until it has been removed
Retailing means a store sells directly to whom?