This is a customer-oriented pricing model. It seeks to set a fair price in advance that both the customer and company will be happy with and to avoid the stress and difficulty of bargaining to get the desired price.
Answer: A
Explanation: Recieveable balance $18500, this is the cash inflow of the company
Allowance for doubtful accounts $1400 this is usually a percentage of money set aside from cash inflow for debts e.t.c.
Unaccountable account $400 usually debts
Receivable after deduction of allowance of doubtful accounts.
$18500 - $1400 = $ 17100
Allowance of doubtful accounts after deduction of debts
$1400 - $400 = $1000
Amount receivable immediately after write off
$17100 + $1000 = $18100
Answer:
The answer is C.
Explanation:
Inventory turnover is a measure of the number of times inventories are sold during a period of time usually a year.
To calculate inventory turnover:
Cost of goods sold ÷ average inventory
High inventory turnover means that the company's product is in high demand and when the product is in high demand, it means there is an increase in sales.
An increase is demand means new inventory or merchandise are continually available and continually bought.
Answer: Volkswagen Emission scandal
Explanation: The Supervisory Board should be “responsible for monitoring the Management and approving important corporate decisions , however “investors and governance experts say the emissions scandal shows that it lacks the independence and authority to do this” .
1nternal Controls
Many officials at Volkswagen were unaware of any wrongdoing, although this suggests the company can be salvaged and there are people at the top that can help turn this back around. It does also highlight the need for serious improvement in terms of the firm's internal controls. For issues on a scale as large as this, there should be a sound whistle blowing system in place to alert the correct people of such instances, so action can be taken before any issue further escalates
Answer:
Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500.
Explanation:
Dividends Payable = 190,000 x $0.55 = $104,500