Answer:
There is something wrong with this question because October to February is not four months, it's five months.
We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).
- 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
- 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200
No option is correct.
Answer:
Unprejudiced discriminator.
Explanation:
Unprejudiced discriminator: This is referred to as the people who do not have the prejudice of their own, however, they act when needed or when it is convenient for them to discriminate as their decision is based on other people´s prejudice or socially motivated.
In the given case, a restaurant owner does not discriminatory feelings toward African American, however, due to social pressure, he is forced to discriminate as he refuses to serve them in his restaurant, which is a case of the unprejudiced discriminator.
Answer:
Debit Merchandise Inventory $300; credit Cash $300
Explanation:
The journal entry to record the given transaction is shown below:
Merchandise inventory Dr $300
To Cash $300
(being cash paid is recorded)
Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets
Answer:
1. b. Competitive
2. a. It should provide superior value in terms of lower price, and/or convenience, and accessibility
Explanation:
The competitive pricing is marketing strategy in which a product price is set after careful consideration of competitor's price. The pricing of a product is determined based on competitor's product price. The Carmax product moisture plus should follow competitive pricing strategy as the market is not in the mature stage.
The Carmax should offer lower price and create high value to the consumers. Carmax can gain competitive advantage by economies of scale and some unique features.
Answer:
Any transaction in cash, either paid or received eg. bought goods from supplier on cash.
Some time supplier offers customer the credit so he can pay later. Bought goods from supplier which are payable in 30 days.
Revenue expenditure is short-term expenditure used to run daily operations eg. Rent, Salaries. These are treated as expense in SOCI.
Where as capital expenditure is one-time large expenditure which generate revenue for company in future. eg Plant and Machinery, Equipment, Furniture. These are capitalized as in SOFP as they meet the definition of Asset (ie Future economic benefits will flow to entity).
