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1 year ago

The key factor distinguishing retailers from other members of the supply chain is that.

1 answer:

3 0

The key factor distinguishing retailers from other members of the supply chain is that they sell to customers for their personal use.

<h3>What do you mean by customers?</h3>

A client is someone who purchases goods, services, products, or ideas from a seller, vendor, or supplier in exchange for money or another useful consideration.
This definition applies to sales, business, and economics.
Customers who frequently purchase from a business establish conventions that enable regular, sustained trade, which enables the business to create statistical models to improve production procedures (which alter the nature or form of goods or services) and supply chains (which changes the location or formalizes the changes of ownership or entitlement transactions).

<h3>What types of customers are there?</h3>

5 different consumer types

New customers.
Impulsive buyers.
Angry customers.
Persistent customers.
Loyal customers.

Learn more about customers here:

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Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou

kotykmax [81]

Answer:

1. Overhead rate = Overhead costs / Direct material costs

Overhead rate = $684,000 / $1,900,000

Overhead rate = 0.36

Overhead rate = 36%

2. How much direct labor cost and overhead cost are assigned to this job?

Total cost of job in process $71,000

Less: Overhead applied $7,920

($22,000 * 36%)

Less: Material cost of job in process <u>$22,000</u>

Direct labor cost <u>$41,080</u>

Hence, direct labor cost is $41,080 and Overhead cost is $7,920

8 0

3 years ago

On January 1, 2013, Goll Corp. issued 3,000 of its 10%, $1,000 bonds for $3,120,000. These bonds were to mature on January 1, 20

LiRa [457]

Answer:

$24,000 Gain

Explanation:

Given that,

Bonds issued = 3,000

Par value = $1,000

Value of issued bonds = $3,120,000

Goll's gain in 2018 on this early extinguishment of debt:

= Issue price of bonds - Premium amortized - Callable value

= $3,120,000 - [($3,120,000 - $3,000,000) × 11/20] - (3,000 × $1,000 × 1.01)

= $3,120,000 - $66,000 - $3,030,000

= $24,000 Gain

4 0

2 years ago

Accounts receivable: Select one: A. are reported on the income statement. B. arise from the purchase of goods or services on cre

Elena-2011 [213]

Answer:

Option (D) is correct.

Explanation:

Accounts receivables refers to a term that is used by the businesses when a company sells the goods on account or credit to its customers and customers promise to pay this amount at a later date. The accounts receivable is shown under the current assets. When a company receives the amount of receivables then it will increases its cash and decreases the accounts receivables.

5 0

3 years ago

Blue Spruce University sells 4,500 season basketball tickets at $140 each for its 12-game home schedule. Give the entry to recor

STatiana [176]

Answer:

a. Total revenue received:

= 4,500 * 140

= $630,000

Date Account Title Debit Credit

XX-XX-XXXX Cash $630,000

Unearned revenue $630,000

Revenue is unearned because the games have not been played yet therefore Blue Spruce University has not provided the service for which it was paid and has not earned the revenue.

b. The revenue per game is:

= 630,000 / 12 games

= $52,500

Date Account Title Debit Credit

XX-XX-XXXX Unearned Revenue $52,500

Revenue - Ticket Sales $52,500

8 0

2 years ago

A grant seeker is considering a project that involves providing more low-calorie, fiber-rich foods to low-income families. What

BigorU [14]

Answer:

C) a local school district

Explanation:

Many school districts already carry out similar policies through Local School Wellness Policy programs. Malnutrition negatively affects kids the most and that is why school districts are currently trying to fight it. Malnutrition is not simply not eating enough food, it means not eating nutritious food at the right amounts. Obese children can suffer from malnutrition, while a slender kid can have a proper and balanced nutrition.

So if someone is seeking for a grant to fight malnutrition, they should go to their local authorities first and get in touch with the school district.

4 0

2 years ago