Q2. Identify eight customer services typically offered by Home Depot and How does a distribution centre enable Canadian Tire to better compete?

Here are the journal entries for Crane Company and Thomas Co.,

Dec. 3: Accounts receivable 38,000

Dec. 4: Cost of goods sold 18,000

Dec. 8: Freight-out 700

Dec. 13: Accounts receivable 2,710

Dec. 13: Cost of goods sold 990

Thomas Co.

Dec. 3: Merchandise inventory 38,000

Dec. 8: Accounts payable 700

Dec. 13: Merchandise inventory 2,710

Dec. 13: Accounts payable 2,710

Assuming that Thomas Co. had a balance in Merchandise Inventory on December 1 of $6,000, the balance in the Merchandise Inventory account at the end of December would be $11,790.

Read more about journal entries here:

https://brainly.com/question/14279491

#SPJ4

The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 31 4 8 13 Crane Company sold merchandise to Thomas Co. for $38,000, terms 2/10, n/30, FOB destination. This merchandise cost Crane Company $18,000. The correct company paid freight charges of $700. Thomas Co. returned unwanted merchandise to Crane. The returned merchandise had a sales price of $2.700 and a cost of $990. It was restored to inventory. Crane Company received the balance due from Thomas Co View Policies Current Attempt in Progress The following merchandise transactions occurred in December. Both companies use a perpetual inventory system. Dec. 3 4 8 13. Crane Company sold merchandise to Thomas Co. for $38,000, terms 2/10, n/30, FOB destination. This merchandise cost Crane Company $18,000. The correct company paid freight charges of $700. Thomas Co. returned unwanted merchandise to Crane. The returned merchandise had a sales price of $2,700 and a cost of $990. It was restored to inventory. Crane Company received the balance due from Thomas Co. Prepare the journal entries to record these transactions on the books of Crane Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Prepare the journal entries to record these transactions on the books of Thomas Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Dec. 3 V Dec. 4 Dec. 8 V V Account Titles and Explanation Merchandise Inventory Accounts Payable (Purchase on account.) No Entry No Entry Accounts Payable Mrak Debit 38000 0 Credit 38 Assuming that Thomas Co. had a balance in Merchandise Inventory on December 1 of $6,000, determine the balance in the Merchandise Inventory account at the end of December for Thomas Co. (Post entries in the order of journal entries presented in the previous part.) Dec. 1 Dec. 3 Dec. 31 V Merchandise Inventory Dec. 8 Dec. 13 11

(a) To find the amount of Oriole Company's total assets, we can use the accounting equation:

Total Assets = Liabilities + Stockholders' Equity

Given that the liabilities of Oriole Company are $104,400 and the stockholders' equity is $266,800, we can substitute these values into the equation:

Total Assets = $104,400 + $266,800

Total Assets = $371,200

Therefore, the amount of Oriole Company's total assets is $371,200.

(b) Similarly, to find the amount of Swifty Corporation's total liabilities, we can rearrange the accounting equation:

Total Liabilities = Total Assets - Stockholders' Equity

Given that the total assets of Swifty Corporation are $197,200 and its stockholders' equity is $92,800, we can substitute these values into the equation:

Total Liabilities = $197,200 - $92,800

Total Liabilities = $104,400

Therefore, the amount of Swifty Corporation's total liabilities is $104,400.

Learn more about: assets

brainly.com/question/31259499

#SPJ11

The company's BEP is 400 units or $40,000.

We can calculate the BEP (break-even point) using the following formula:

BEP (in units) = Fixed costs / (Selling price per unit - Variable cost per unit)

BEP (in units) = $10,000 / ($100 - $55) = 400 units

To calculate the BEP in dollars, we multiply the BEP (in units) by the selling price per unit:

BEP (in dollars) = 400 units × $100 per unit = $40,000

Therefore, the company's BEP is 400 units or $40,000.How to interpret BEP: If a company is producing and selling products at the break-even point, it means that the company is neither making a profit nor incurring losses. It is simply covering its costs. In other words, the company is selling enough units to cover its fixed and variable costs. If the company sells more than the BEP, it will make a profit; if it sells less than the BEP, it will incur losses.

To lower the BEP, the company could either reduce its fixed costs or reduce its variable costs. Here are a few suggestions:Reduce production costs by finding cheaper suppliers, improving production efficiency, or negotiating better deals with suppliers.Reduce fixed costs by cutting down on expenses such as rent, salaries, or marketing costs.Increase the selling price per unit by adding more value to the product or improving the product quality to attract customers and improve the profit margin.

For more about company's:

https://brainly.com/question/30532251

#SPJ11

Based on the information provided, PCM's sales terms are FOB shipping point. This means that revenue is recognized upon the shipment of the product by PCM.

2a. Since the inventory was sold to eCOST.com on December 28 and was to be delivered on January 3, the transaction falls under the sales terms of FOB shipping point. Therefore, the following amounts would be reported on PCM's balance sheet and income statement in December:

Balance Sheet:

Inventory: The cost of inventory sold ($29,500) would be deducted from PCM's inventory account.

Income Statement:

Sales Revenue: The selling price of the inventory sold ($39,000) would be recognized as sales revenue.

Cost of Goods Sold: The cost of inventory sold ($29,500) would be recognized as the cost of goods sold expense.

2b. In January, since the goods were already sold and the transaction was completed in December, there would be no amounts related to this specific transaction reported on PCM's balance sheet and income statement in January.

For the goods purchased on December 29 to be included in PCM's inventory on December 31, the terms would have been under FOB shipping point. This means that the ownership and responsibility for the goods transfer to PCM at the point of shipment, which in this case was on December 29. Therefore, the goods would be included in PCM's inventory on December 31.

Learn more about  invoice here-

https://brainly.com/question/29032299

#SPJ4

In a perfectly competitive market, the optimal level of production is where marginal cost equals the market price. The correct option from the given alternatives is B) society would be better off if more hula hoops were produced because at the current level of production price is greater than marginal cost

In a perfectly competitive market, a firm sells its products at the prevailing market price. The firm is a price taker, and it cannot influence the market price by changing the quantity of its output.A perfectly competitive market has the following features:There are numerous buyers and sellers.

The product is homogeneous.A free entry and exit of firms from the market exist.The sellers are price takers, and the buyers are also price takers.In a perfectly competitive market, each firm seeks to maximize its profit.

To know more about  competitive market here

https://brainly.com/question/28267513

#SPJ4

The analytical aspects of the dashboard are as follows:Customer Satisfaction: Customer satisfaction is a critical factor in the success of any business. It provides a clear picture of the customer's experience with the company. A dashboard that tracks customer satisfaction can help the company identify areas that require improvement.

Product Performance: The product performance dashboard helps in tracking product-related issues and product recalls. It provides a detailed report on the issues related to the product and their severity.

Sales Performance: The sales performance dashboard provides detailed insights into the sales process, the number of leads generated, and the conversion rate. It helps in identifying the areas that require improvement.

Customer Service: The customer service dashboard provides data on the customer service process. It helps in tracking the time taken to resolve a customer complaint, the number of complaints resolved, and the number of complaints pending.

Marketing Campaigns: The marketing campaigns dashboard provides detailed insights into the marketing campaigns. It helps in tracking the number of leads generated from a campaign, the conversion rate, and the cost per lead. The dashboard should also provide information on the return on investment for each campaign.

In today's dynamic and competitive business environment, it is essential to have a clear picture of the business outcomes. A dashboard that tracks critical business outcomes can help in identifying areas that require improvement. The customer support manager of a car manufacturing company has decided to implement a dashboard that analyzes and strategizes critical business outcomes. The dashboard should have various analytical aspects that provide detailed insights into the company's performance. Customer satisfaction is one of the critical factors in the success of any business. A dashboard that tracks customer satisfaction can help the company identify areas that require improvement.

The product performance dashboard helps in tracking product-related issues and product recalls. It provides a detailed report on the issues related to the product and their severity. The sales performance dashboard provides detailed insights into the sales process, the number of leads generated, and the conversion rate. It helps in identifying the areas that require improvement.

The customer service dashboard provides data on the customer service process. It helps in tracking the time taken to resolve a customer complaint, the number of complaints resolved, and the number of complaints pending. The marketing campaigns dashboard provides detailed insights into the marketing campaigns. It helps in tracking the number of leads generated from a campaign, the conversion rate, and the cost per lead.

The dashboard should also provide information on the return on investment for each campaign. A dashboard that provides detailed insights into the critical business outcomes can help the company identify areas that require improvement.

The implementation of a dashboard that tracks critical business outcomes is essential for the success of any business. The dashboard should have various analytical aspects that provide detailed insights into the company's performance. Customer satisfaction, product performance, sales performance, customer service, and marketing campaigns are some of the critical aspects that should be included in the dashboard. A dashboard that provides detailed insights into the critical business outcomes can help the company identify areas that require improvement. The customer support manager of a car manufacturing company has decided to implement a dashboard that analyzes and strategizes critical business outcomes.

To learn more about Marketing Campaigns visit :

brainly.com/question/30237897

#SPJ11

The date this note matures is February 28, 2021.Interest expense created by this note in 2020 is $6125.
The note was borrowed on December 1, 2020, for 90 days at 7% interest.

Therefore, to calculate the date it matures, we need to add 90 days to December 1, 2020.

December has 31 days, so we can add 31 days in December, 31 in January, and 28 in February (since 2021 is not a leap year) to get a total of 90 days. This brings us to February 28, 2021, which is the maturity date.

To calculate the interest expense created by this note in 2020, we need to first find out how many days of interest there are in 2020.

Since the note was borrowed on December 1, 2020, there are 31 days in December that are included in 2020. To calculate the interest expense, we can use the following formula:

Interest expense = principal x rate x time
where:
principal = $350,000
rate = 7% per year, or 0.07/365 per day
time = number of days

Using the formula, we get:

Interest expense = $350,000 x (0.07/365) x 31
Interest expense = $6,125.27 (rounded to the nearest cent)

Trista and Co. borrowed $350,000 on December 1, 2020, for 90 days at 7% interest by signing a note to buy jewellery inventory.

The date this note matures is February 28, 2021.

Interest expense created by this note in 2020 is $6125.

To calculate the date this note matures, we need to add 90 days to December 1, 2020. December has 31 days, so we can add 31 days in December, 31 in January, and 28 in February (since 2021 is not a leap year) to get a total of 90 days. This brings us to February 28, 2021, which is the maturity date.

To calculate the interest expense created by this note in 2020, we need to first find out how many days of interest there are in 2020.

Since the note was borrowed on December 1, 2020, there are 31 days in December that are included in 2020. To calculate the interest expense, we use the formula: Interest expense = principal x rate x time.

Using the formula, we get: Interest expense = $350,000 x (0.07/365) x 31 = $6,125.27 (rounded to the nearest cent).

In conclusion, Trista and Co. will have to pay back the borrowed amount on February 28, 2021, and they will have an interest expense of $6,125.27 in 2020.

Learn more about interest visit:

brainly.com/question/30393144

#SPJ11

The latest business article that can be considered to understand project management is Agile.

Agile development approaches, such as Scrum, Kanban, and Lean, place a strong emphasis on adaptability, teamwork, and iterative development. Agile projects are broken up into brief sprints or iterations to allow for ongoing input and adaptability to shifting needs. Agile approaches have gained popularity in the IT sector and are extensively used by many organisations due to their emphasis on flexibility, collaboration, and iterative development. The dynamic and quick-paced nature of software development and product creation is in line with these techniques.

Steve Jobs, who first served as the product owner, completed all necessary tasks, made projections, and sought solutions that would satisfy customers. All of those responsibilities are now handled by several people, but the company's end-user-focused mindset hasn't altered since then. It is possible to split up all large teams into smaller ones to facilitate better project management. According to Scrum, the ideal team size ranges from 2 to 12. For instance, the code for iPad's adaptation of the Safari web browser was only written by two developers. Therefore, everyone is in agreement with everything, even complex cross-functional technical duties and issues relating to property rights.

Read more about project management on:

https://brainly.com/question/6500846

#SPJ4

The amount that would be invested each year is $6,483. Option A

The formula for calculating the future value (FV) of an ordinary annuity is  expressed as;

FV = P × [(1 + r)ⁿ⁻¹] / r

Given that the parameters of the formula are;

Substitute the values into the formula, we have;

1,000,000 = P × [(1 + 0.075)³⁵⁻¹] / 0.075

expand the bracket, we get;

1,000,000 = P × [11. 5688] / 0.075

cross multiply the values, we have;

P = 1,000,000 × 0. 075/11. 5688

Multiply the values

P = 75000/11. 5688

P = $6483

Learn more about future value at: https://brainly.com/question/24703884

#SPJ4

The cost of capital, particularly the cost of equity, tends to be higher in emerging markets compared to developed markets. This is primarily due to the political and regulatory risk, market and economic risk, sovereign risk and currency risk .

Factors driving the higher cost of equity in emerging markets:

Factors driving the higher cost of debt in emerging markets:

It's worth noting that the factors influencing the cost of capital in emerging markets can vary across countries and regions. Additionally, improvements in economic and political stability, financial market development, and governance practices can potentially reduce the cost of capital in emerging markets over time.

Learn more about cost of capital https://brainly.com/question/27159534

#SPJ11

Compensating differentials are wage differences that arise to compensate for non-monetary differences between jobs. In other words, they are pay differences that individuals are willing to accept to work under specific circumstances.

For example, if two jobs have the same salary but one has a hazardous working environment, workers are expected to receive compensating differentials. Additionally, if a person has to work odd hours, they may be compensated with a higher wage. Here are two examples of compensating differentials: Compensating differential resulting in higher wages

A sanitation worker who picks up garbage will be paid more than a retail worker in a clothing store. The job of a sanitation worker is physically demanding, takes place outdoors, and exposes the worker to the possibility of coming into contact with hazardous waste. The retail worker, on the other hand, works indoors in a safe and clean environment, making it less risky. Thus, the sanitation worker is expected to receive a higher wage to compensate for the physical risks involved. Compensating differential resulting in lower wages

A clerk who works in an office may receive a lower wage than a construction worker who works on the road. The job of a clerk is less risky than the job of a construction worker. A construction worker is exposed to harsh weather conditions, noise, traffic hazards, and other risks associated with working on the road. Thus, the construction worker is expected to receive a higher wage to compensate for the physical risks involved.

Learn more about Compensating Visit: brainly.com/question/30764389

#SPJ11

False.

It is a false statement that a higher level of income may not increase overall happiness. A higher level of income could increase overall happiness in some instances, but it is also subject to other factors.The degree of happiness that results from income is dependent on various factors. For some people, having a higher level of income would lead to a happier and healthier lifestyle. With an increase in income, it is possible to acquire some basic things in life such as food, clothing, and shelter which in turn increases happiness. Money has the power to enhance someone's quality of life by increasing access to opportunities and options. It can also offer more security and financial stability in times of crisis.

However, it is important to note that the relationship between income and happiness is not always linear. Once someone achieves a basic level of financial security, any increase in income may have a diminishing effect on overall happiness.

In addition, an obsession with making more money can sometimes lead to stress, anxiety, and depression which can decrease overall happiness. Therefore, having a balance between income and other aspects of life such as social relationships, mental and physical health, and personal interests is vital to achieving overall happiness.

In conclusion, while having a higher level of income can lead to an increase in overall happiness in some instances, it is subject to a wide range of factors such as individual differences and the presence of other life stressors.

Therefore, it is false statement that a higher level of income may not increase overall hapiness.

know more about income here,

https://brainly.com/question/29544150

#SPJ11

Lorenzo's accountant uses two methods, account analysis and high-low, to estimate the total costs for October at his brushless car wash. Account Analysis: The accountant estimates the total fixed costs for October to be $4,000, considering the fixed costs for the supervisor and cashier.

Account Analysis: The accountant estimates the variable costs per unit for October using the account analysis method. By applying the formula [(Total costs - Fixed costs) / Number of units washed], the estimated variable cost per unit is calculated to be $49.37 per car washed.

High-Low Method: Using the high-low method, the accountant estimates the total fixed costs for October.

The variable cost per unit is determined to be $0.33 by subtracting the high and low values of variable costs per unit and units washed.

By substituting the values into the cost formula, it is found that the total fixed cost for October using the high-low method is $25,579.5.

High-Low Method: Similarly, using the high-low method, the accountant estimates the total variable costs for October.

By multiplying the variable cost per unit ($0.33) by the number of units washed (11,450), the total variable cost is determined to be $3,778.50.

Overall, these methods allow the accountant to estimate the fixed and variable costs for October, providing insights into the cost structure of Lorenzo's brushless car wash business.

Read more about Lorenzo's brushless car wash business

https://brainly.com/question/30332554

#SPJ11

The amount of gain on redemption if the issuing corporation redeems the bonds at 102 is $10,362. Option b is correct.

Calculate the total amount of cash needed to redeem the bonds at 102.102% of $942,000 is:

102/100 × $942,000 =$960,840

This is the total amount of cash that the issuing corporation will pay to redeem the bonds. Now we need to calculate the carrying amount of the bonds.

Carrying amount of the bonds = Bonds Payable - Premium on Bonds Payable

Carrying amount of the bonds = $942,000 - $10,362 = $931,638

The carrying amount of the bonds is less than the amount of cash paid to redeem the bonds, so there is a gain on redemption.

Gain on redemption = Amount of cash paid - Carrying amount of the bonds

Gain on redemption = $960,840 - $931,638 = $29,202

However, this is the total gain on redemption. We need to adjust it for the premium on bonds payable.

Premium adjustment = Redemption price - Par value

Premium adjustment = 102% - 100% = 2% = 0.02

Premium adjustment = $942,000 × 0.02 = $18,840

Adjusted gain on redemption = Gain on redemption - Premium adjustment

Adjusted gain on redemption = $29,202 - $18,840 = $10,362

Therefore, the amount of gain on redemption is $10,362. Option b is correct.

Learn more about bonds https://brainly.com/question/31358643

#SPJ11

Option C. If The world price for a pair of sandals is $60. Therefore the gains from trade would be $1,225

Domestic Quantity Demanded at P = $60:

From the demand equation P = 100 - (1/3)Q, we substitute P = 60 to get:

60 = 100 - (1/3)Q

Q = (100 - 60) * 3

Q = 120 pairs of sandals

Domestic Quantity Supplied at P = $60:

From the supply equation P = 20 + (1/2)Q, we substitute P = 60 to get:

60 = 20 + (1/2)Q

Q = (60 - 20) * 2

Q = 80 pairs of sandals

1/2 x MT x ES

= 1 / 2 x 110 - 75 x 7

= $1,22.5

Read more on world trade here:https://brainly.com/question/29647840

#SPJ4

Public goods are goods or services that are non-excludable and non-rivalrous. Non-excludable means that it is difficult to prevent individuals from benefiting from the good or service, even if they don't contribute to its provision

a. The Internet: The Internet can be considered a public good as it is non-excludable, meaning that once it is available, it is difficult to exclude individuals from using it, and it is non-rivalrous, meaning that one person's use of the Internet does not diminish its availability for others.

b. Law and Order: Law and order cannot be considered a public good as it is both excludable and rivalrous. The provision of law and order requires resources and enforcement efforts that can be limited to a specific group or area, and the benefits of law and order can be enjoyed by some while excluding others.

Learn more about    Internet  Here-  

https://brainly.com/question/2780939

#SPJ11

To construct a 99% confidence interval for the average amount spent on books by freshmen in their first year at college, we need the sample mean and sample size.

To calculate a confidence interval, we need the following information:

Using these values, we can calculate the confidence interval using the formula:

Confidence interval = Sample mean ± (Z * (Standard deviation / √Sample size))

For a 99% confidence interval, the Z-score corresponding to a 99% confidence level is approximately 2.58.

To obtain a 99% confidence interval for the average amount spent on books by freshmen in their first year at college, we need the sample mean, sample size, and population standard deviation. By applying the formula and using the appropriate Z-score, we can calculate the upper and lower bounds of the confidence interval.

To know more about amount, visit :

https://brainly.com/question/29994977

#SPJ11

The amount of dividends paid each year for the preferred and common stocks are $4,000 and $0, respectively.

Given the following information, find the amount of dividends paid each year for the preferred and common stocks.The total amount of preferred stock issued is $500,000, having a par value of $10, and an annual dividend rate of 8%. Hence,Preferred stock issued = $500,000 / $10 = 50,000 shares Annual dividend rate = 8%The total amount of common stock issued is $1,000,000, having a par value of $1, and no annual dividend rate is mentioned. Therefore,Common stock issued = $1,000,000 / $1 = 1,000,000 shares Annual dividend rate = 0%The amount of dividends paid each year for the preferred stocks can be calculated as follows:Annual dividend = Preferred stock issued × Annual dividend rate= 50,000 × 8% = $4,000The amount of dividends paid each year for the common stocks can be calculated as follows:Annual dividend = Common stock issued × Annual dividend rate= 1,000,000 × 0% = $0

for more questions on common stocks

https://brainly.com/question/29724384

#SPJ11

The asset's book value is not determined by deducting the residual value from its original cost. Therefore, the given statement is false.

Therefore, the given statement is false.

For more such questions on Residual value:

https://brainly.com/question/31097246

#SPJ11

When importing lists into QuickBooks Online, the statement that is true is: When importing lists, check a box to overwrite products and services with identical names.

When importing lists into QuickBooks Online, you may need to update some records like customer information, vendors, products, services, chart of accounts, and so on. It's crucial to ensure that you have all your records in order. To prevent data duplication, QuickBooks Online has an overwrite function. If the name of an item in your list is identical to one already in QuickBooks, you can tell QuickBooks to replace the existing entry with the new one you're importing. In this case, check a box to overwrite products and services with identical names, and you're done.

To know more about customer visit:

https://brainly.com/question/31192428

#SPJ11

Consumer behaviour refers to the actions and decisions taken by consumers in purchasing and using products or services. Social influence, which involves the attitudes and behaviours of others, plays a significant role in shaping consumer behaviour. In the context of skincare products, social influence can have a considerable impact on consumers' attitudes and behaviours, ultimately affecting their purchasing decisions.

Numerous studies have investigated the effects of social influence on consumer behaviour in the context of skincare products. For example, research has found that people are more likely to adopt healthy skincare habits if they perceive that others around them are also doing so. In contrast, people may be less likely to use skincare products if they perceive that their peers do not value such behaviours.
Another study found that social influence can shape consumers' attitudes towards skincare ingredients. Participants in the study were presented with different skincare products that contained either natural or synthetic ingredients. The researchers found that participants were more likely to rate products more positively if they believed that others around them also valued natural ingredients.
Moreover, studies have also shown that social influence can influence consumers' brand choices. People may be more likely to choose a particular brand of skincare products if they perceive that others around them also use that brand. For example, a study found that people were more likely to purchase a skincare product if it was recommended by someone they know.
In conclusion, scientific evidence demonstrates that social influence can significantly impact consumer behaviour in the context of skincare products. The attitudes and behaviours of others around consumers can influence their perceptions, attitudes, and purchasing decisions. This finding has important implications for marketers and businesses who want to promote their skincare products to consumers and may consider leveraging social influence through social proof or endorsement strategies. Therefore, social influence is an essential factor in understanding consumer behaviour in the context of skincare products.

To know more about Consumer behaviour  visit:

https://brainly.com/question/30640296

#SPJ11

The maximum profit is least likely to occur when the cost is higher than the revenue.

A maximum profit is the highest profit that a company can achieve. This occurs when the company generates a revenue that is higher than the cost. If the cost is higher than the revenue, then there will be a loss instead of a profit. Therefore, the maximum profit is least likely to occur when the cost is higher than the revenue. There are several factors that can affect the cost and revenue of a business, such as competition, pricing, marketing, and production costs. A business can increase its revenue by increasing its sales, reducing its expenses, or increasing its prices. On the other hand, a business can reduce its cost by reducing its expenses, increasing its efficiency, or reducing its production costs. By optimizing these factors, a business can increase its chances of achieving a maximum profit.

know more about maximum profit

https://brainly.com/question/29257255

#SPJ11

The given statement "In a marketing plan it is appropriate to use bullet points" is true because Bullet points are a common tool used in marketing plans to effectively organize and communicate key information.

They allow for clear and concise communication of important facts, statistics, and ideas. Bullet points also make it easier for readers to quickly and easily understand the main points of the plan or proposal. Additionally, bullet points can help make the document more visually appealing and easier to digest,

which is important in today's busy corporate world where people often don't have the time or attention span necessary to read lengthy documents. Therefore, including bullet points is a smart marketing strategy that can help you effectively communicate with your target audience.

To know more about marketing plan  visit:

https://brainly.com/question/31331934

#SPJ4

The correct answer is B. The contribution margin is the amount that is available to cover fixed costs.

The contribution margin income statement is a managerial accounting tool that separates costs into variable costs and fixed costs. It focuses on the relationship between sales revenue, variable costs, and contribution margin. Here's an explanation of the options:

A. Selling costs are never included in the calculation of contribution margin.

This statement is incorrect. Selling costs can be considered as variable costs and are included in the calculation of the contribution margin. Examples of selling costs include sales commissions, advertising expenses, and shipping costs.

B. The contribution margin is the amount that is available to cover fixed costs.

This statement is true. The contribution margin represents the revenue remaining after deducting variable costs. It is the amount that contributes towards covering fixed costs and generating a profit.

C. Both fixed and variable manufacturing costs are deducted to calculate contribution margin.

This statement is incorrect. Only variable manufacturing costs are deducted to calculate the contribution margin. Fixed manufacturing costs are not considered in the calculation of the contribution margin but are accounted for separately in the fixed cost category.

D. All of the other answers are incorrect.

This statement is incorrect. As explained above, option B is correct, so not all of the other answers are incorrect.

Learn more about  contribution margin Here-  

https://brainly.com/question/24881206

#SPJ4

The capital balance is $79,000 for Mariam and $81,000 for Fatima.

Initially, the total capital balance of the partnership is:

= $48,000 + $50,000 + $52,000

= $150,000.

When Ala withdraws, Mariam and Fatima agree to pay $58,000 to buy out Ala's share.

Since the partners share income and loss equally, the remaining capital is split equally between Mariam and Fatima.

Amount contributed by Mariam and Fatima:

= $58,000 / 2

= $29,000 each.

Mariam's capital balance after Ala's withdrawal:

= $50,000 + $29,000

= $79,000.

Fatima's capital balance after Ala's withdrawal:

= $52,000 + $29,000

= $81,000.

Full question:

Partnership has three partners. The balance of each partner capital is Alia $48,000; Mariam $50,000 and Fatima $52,000. Ala withdraws from the Partnership The remaining partners, Mariam and Fatima, agreed to pay cash of $58,000 for Alia from partnership. The partners share income and loss equally Required How much is the capital balance for the remaining partners Mariam and Fatima after the withdrawal of Ala

Read more about capital balance

brainly.com/question/30080072

#SPJ4

1. To record bad debts under each separate assumption, the following adjusting entries would be made:

a. Bad debts estimated at 3% of credit sales:

   - Debit Bad Debt Expense for $24,000 ($800,000 * 3%)

   - Credit Allowance for Doubtful Accounts for $24,000

b. Bad debts estimated at 2% of total sales:

   - Debit Bad Debt Expense for $18,400 (($800,000 + $320,000) * 2%)

   - Credit Allowance for Doubtful Accounts for $18,400

c. Bad debts estimated based on aging analysis (5% of year-end accounts receivable):

   - Debit Bad Debt Expense for $21,600 ($432,000 * 5%)

   - Credit Allowance for Doubtful Accounts for $21,600

2. When estimating bad debts to be 3% of credit sales, the Allowance for Doubtful Accounts would be adjusted to reflect the estimated uncollectible amount. On the December 31 balance sheet, the Accounts Receivable would be shown at its full value of $432,000, and the Allowance for Doubtful Accounts would be shown with a credit balance of $24,000.

3. When estimating bad debts based on the aging analysis (5% of year-end accounts receivable), the Allowance for Doubtful Accounts would be adjusted accordingly. On the December 31 balance sheet, the Accounts Receivable would be shown at its full value of $432,000, and the Allowance for Doubtful Accounts would be shown with a credit balance of $21,600.

These adjustments reflect the estimated portion of accounts receivable that is not expected to be collected and provide a more accurate representation of the company's financial position.

To learn more about Allowance - brainly.com/question/29043310

#SPJ11

Here are the answers to the given question:

1. The hypotheses are: H0: A = μB = μC and Ha: Not all the means are equal.

2. df (error) = n - k = 15 - 3 = 12, where n is the total sample size and k is the number of groups.

3. df(treatment) = k - 1 = 3 - 1 = 2.

4. The formula for Serror is Serror = √Mse = √(SSE/df(error)) = √(12468/12) ≈ 64.31. The formula for Msema is Msema = Serror/n = 64.31/√5 ≈ 28.72.

5. The formula for SS(treatment) is SS(treatment) = ∑ni(yi.-y..)2 = 23857, where ni is the sample size for the ith group, yi. is the sample mean for the ith group, and y.. is the overall sample mean. The formula for MS (treatment) is MS (treatment) = SS (treatment)/df (treatment) = 23857/2 ≈ 11928.5.

6. The formula for the F statistic is F = MS (treatment)/Mse = 11928/324 ≈ 36.86.

7. The critical value for a 10% level of significance with 2 and 12 degrees of freedom is F (2, 12) = 3.89. Since the calculated F value (36.86) is greater than the critical value (3.89),

we reject the null hypothesis and conclude that the scores among the different groups are different at the 10% level of significance. Therefore, the video game developer can conclude that the game is appealing to at least one of the target markets.

To know more about statistic refer to:

https://brainly.com/question/31354323

#SPJ11

According to Zeff, the Act Accrediting the Accounting Profession established the American Association of Public Accountants. Here option B is the correct answer.

A. The designation of the Certified Public Accountant (CPA) is a professional qualification granted by state boards of accountancy in the United States. While the CPA designation is significant in the accounting profession, it is not directly related to Zeff's work.

B. The American Association of Public Accountants (AAPA) was established in 1916 and played a role in the development of the accounting profession. However, Zeff's contributions were focused more on accounting standard-setting and the conceptual framework rather than the establishment of professional associations.

C. The Financial Accounting Standards Board (FASB) is an independent organization responsible for establishing and improving accounting standards in the United States. Zeff made notable contributions to the development of accounting standards and the conceptual framework, but the FASB was established independent of his work.

D. The Sixteenth Amendment to the United States Constitution, ratified in 1913, grants Congress the power to levy an income tax. While the Sixteenth Amendment is significant for taxation purposes, it does not directly relate to Zeff's work on recognizing the accounting profession. Therefore option B is the correct answer.

For more such questions on accounting profession

https://brainly.com/question/26692726

#SPJ8

Kathleen offers to buy Richard's prize stallion for $10,000 only if a licensed veterinarian certifies that the horse is sound for breeding. After inspecting the stallion, the veterinarian concludes that the stallion has an eye infection, but is otherwise sound for breeding. Kathleen does not have to buy the stallion.

What does this mean?

When Kathleen offers to buy Richard's prize stallion for $10,000 only if a licensed veterinarian certifies that the horse is sound for breeding, she adds a condition that is a precondition for the sale. After inspecting the stallion, the veterinarian concludes that the stallion has an eye infection but is otherwise sound for breeding.

However, the veterinarian's opinion that the stallion has an eye infection implies that the horse is not entirely healthy, and Kathleen is not compelled to purchase the stallion.

As a result, Kathleen is not obligated to buy the stallion.

To know more about breeding visit:

https://brainly.com/question/30073241

#SPJ11

Apple Country Orchards should process the Granny Smith apples further into apple cider if the revenue from selling apple cider is higher than the revenue from selling raw Granny Smith apples.

We must compare the potential revenue from selling raw Granny Smith apples versus the potential revenue from processing them into apple cider.

Let us assume that the average weight of a Granny Smith apple is 0.5 pounds. Therefore, 10 pounds of Granny Smith apples would be required to produce one gallon of fresh-pressed cider.

Revenue from selling raw Granny Smith apples:

Number of Granny Smith apples = 6,000 apple trees * 30 varieties = 180,000 apples

Total weight of Granny Smith apples = 180,000 apples * 0.5 pounds = 90,000 pounds

Revenue from selling raw Granny Smith apples:

= 90,000 pounds * $0.90/pound

= $81,000

Revenue from selling apple cider:

Number of gallons of apple cider = 90,000 pounds / 10 pounds/gallon = 9,000 pounds

Revenue from selling apple cider:

= 9,000 * $8/gallon

= $72,000

By comparing the revenue generated from selling raw Granny Smith apples with the revenue from selling apple cider, we can determine which option would be more profitable for Apple Country Orchards.

Full question:

Apple Country Orchards in Idalou, Texas, has 6,000 apple trees and offers 30 varieties of apples. The orchard is 29 years old and allows customers to pick their own apples or to purchase pre-picked apples. In addition to apples and apple picking, the orchard offers hayrides, lunch, pumpkins, and a variety of other items.

Assume that Apple Country Orchards sells Granny Smith apples for $0.90 per pound. One gallon of fresh-pressed cider at Apple Country Orchards sells for $8. (On average, ten pounds of Granny Smith apples yield one gallon of fresh-pressed cider. Question: From a purely quantitative standpoint, should Apple Country Orchards sell raw Granny Smith apples or process those apples further into apple cider?

Read more about revenue

brainly.com/question/16232387

#SPJ4