Answer:
The answer is: Projected net sales for this year are $45,254
Explanation:
The current total sales for MG Lighting are $50,000 (= 500 units x $100 per unit).
Next year their products will have a $10 increase (10%), so the unit price will be $110.
Due to the price increase, the number of units sold will decrease by 15%, to a total of 425 units.
MG Lighting total sales will be $46,750. Approximately 3.2% of the total sales will be returned (equivalent to $1,496).
MG Lighting net sales for this year should be $45,254 (= 46,750 - $1,496)
<h2>The given statement is true.</h2>
Explanation:
Let us understand the term, "Global Company".
Any company which is known for its business world-wide is termed as "Global company".
The given statement in the question is true. Yes a global company can achieve everything listed.
Since the company is efficient, they can start business all over the world.
Definitely the can span across the world, only by first satisfying the need of the nation.
Surely they will be known for innovation, because the 21st century needs innovation and a company can be popular only if it shows innovating ability.
All the given achievement is possible to get fulfilled.
Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.
In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.
When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.
Learn more about penetration pricing here: brainly.com/question/3521758
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Answer:
The correct answer is D. the ending merchandise inventory balance must be recorded as a debit via the Income Summary account
Explanation:
In the permanent inventory system, all purchases, sales, discounts and returns on purchases and sales are recorded at cost, in the account Goods not Manufactured by the Company. Thus: Purchases: the acquisition of merchandise is accounted for with a debit in the Merchandise not Manufactured by the Company account and a credit in Banks or Suppliers, as the case may be.
The initial inventory represents the value of the stock of merchandise on the date the accounting period began. This account is opened when the control of the inventories, in the Major General, is carried out based on the speculative method, and does not return to movement until the end of the accounting period when it will be closed with charge at cost of sales or by Profit and Loss directly. And it is the detailed and detailed relationship of the stock of merchandise that a company has when starting its activities, after making a physical count.
The final inventory is made at the end of the accounting period and corresponds to the physical inventory of the merchandise of the company and its corresponding valuation. By relating this inventory to the initial one, with the net purchases and sales of the period, you will obtain the Gross Profits or Losses in Sales of that period. is the list of stocks at the end of an accounting period.
