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2 years ago

For accounting purposes, postdated checks (checks payable in the future) are considered to be

Business

1 answer:

klio [65]2 years ago

6 0

The postdated checks are considered to be an accounts receivable for accounting purpose.

<h3>What is a postdated checks?</h3>

These are checks that is expected to make a payment to be processed on a specified date in the future.

However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.

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Jacoby Company received an offer from an exporter for 26,200 units of product at $18 per unit. The acceptance of the offer will

Leokris [45]

Answer:

The change in revenue (differential revenue from the acceptance of the offer) will be $ 471600

Explanation:

The revenue represents the total sales of the product, regardless of the costs, then If the company produced initially Q units the initial revenue will be

Initial Revenue=total sales= P₁*Q₁

- Since the offer does not alter the domestic sales prices P₁ , the price P₁ remains constant.

- Since the sales does not affect normal production , the quantity sold to the domestic market Q₁ is also not affected ( i don't need to resign units to the domestic market to sell to the exporter)

then

New revenue= Revenue from the exporter + Revenue from the domestic market = Revenue from the exporter + Initial revenue

where Revenue from the exporter=P₂*Q₂ , P₂= price sold to the exporter and Q₂= units sold to the exporter

therefore the change in revenue will be

Change in Revenue= New revenue - Initial Revenue = Revenue from the exporter

Change in Revenue=P₂*Q₂=$18 /unit* 26200 unit = $ 471600

Note:

The profit represents the revenue, taking into account the costs. Then the change the initial profit will be

initial profit = P₁*Q₁ - (CF+CV*Q₁)

the New profit

New profit = P₂*Q₂+ P₁*Q₁ - [CF+CV*(Q₂+Q₁)]

and the change in profit

change in profit= New profit - initial profit = P₂*Q₂+ P₁*Q₁ - [CF+CV*(Q₂+Q₁)] -[P₁*Q₁ - (CF+CV*Q₁)]= P₂*Q₂ - CV*Q₂ = (P₂- CV)*Q₂ = ($18 /unit- $12 /unit)* 26200 unit = $ 156000

3 0

3 years ago

The percentage of a market which actually buys a specific product from a specific company is referred to as that product's a. ma

lana [24]

Answer:

The correct answer is letter "A": market share.

Explanation:

Market share is calculated by taking a company's sales over a period and dividing it by the total sales of the industry over the same period. This measure is used to give the business and its rivals a general idea of the size of the company regarding its overall sector.

5 0

3 years ago

Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond loca

Juli2301 [7.4K]

Answer:

Without e-commerce, small firms often lack the resources to expand beyond local markets.

Explanation:

In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.

Generally, e-commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Business to Consumer (B2C).

3. Business to Government (B2G).

4. Consumer to Consumer (C2C).

Without e-commerce, small firms who predominantly lack the resources to expand beyond local markets unlike larger business firm wouldn't be able to grow and develop into penetrating global markets.

6 0

2 years ago

Suppose that an installment plan calls for five payments to be made. The total paid in this plan is 20% more than the price woul

ollegr [7]

Answer:

The answer is $48.

Explanation:

20% of $200 is 40. So the total amount they will pay is $240. Since there will be five payments you divide this by five. That makes %48.

4 0

3 years ago

Define ethics, and describe the role that it plays in discretionary decision making. Give an example.

Lerok [7]

Explanation:

Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.

In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.

6 0

3 years ago