Answer:
<em>SNIPES BOOKS</em>
<em>June 8th</em>
Accounts Receivables 18,250 debit
Sales revenue 18,250 credit
COGS 10,400 debit
cash 400 credit
merchandise inventory 10,000 credit
Sales returns 5,000 debit
Accounts Receivables 5,000 credit
Merchandise Inventory 3,000 debit
COGS 3,000 credit
Cash 12,985 debit
Sales Discount 265 debit
Account Receivables 13,250 credit
Explanation:
Snipes will pay the freight as the term are FOB destination, which means the goods are still theirs until they arrive. Therefore it must take all thecost of transportation.
Balance of Beejoy account regarding Snipes company
Purchase - returned goods = balance at payment
18,250 - 5,000 = 13,250
13,250 x 2% = 265
net amount due: 12,985
Answer:
break even point in units = 2,667
break even point in $ = $33,338
Explanation:
The break even point marks the point where a company is able to cover all its expenses. At this point the company is not losing money, but it is not making a profit either.
break even point in units = total fixed costs / contribution margin
- total fixed costs = $10,000
- contribution margin = $12.50 - ($4 + $4.75) = $12.50 - $8.75 = $3.75
break even point in units = $10,000 / $3.75 = 2,666.67 ≈ 2,667 units
break even point in $ = 2,667 units x $12.50 per unit = $33,337.50 ≈ $33,338
Answer:
will increase
Explanation:
Since both products are complements, a decrease in the price of one of them (in this case jelly) will increase the quantity demanded of both products, including the one whose price didn't change (peanut butter). An increase in the quantity demanded should increase the equilibrium price of peanut butter, which would result in an increase of supplier surplus.
Answer: C. Jill should focus on the business market and license the natural gas rights.
Explanation:
Option C is indeed the right answer. Focusing on the Business Market will get her a better deal because larger companies will be involved.
It would be very advantageous to license the rights as there will be various bids for the license with the largest bid getting it and only for a period of time.
Going with this option can get Jill a better deal all round.
Answer:
lowering taxes raises disposable income allowing the consumer or adult to spend additional sums.
