Answer:
E) Social commerce site
Explanation:
As the name implies, a social commerce site like Groupon.com is a business that combines aspects of social media with commerce. The social media aspect is meant to be collaborative in the sense that people interact with each other in order to increase the sales of the business.
In this scenario, people collaborate with each other by reaching a certain treshold that allows them to get a benefit, the discount. The treshold is the minimum number of people that have to purchase the product for the discount to become effective.
This strategy benefits both Groupon.com with more sales revenue, and benefits customers because they get a discount, and take part in a social activity.
Answer:
Allied Merchandisers
Journal Entries
Date General Journal Debit Credit
03-May Merchandise Inventory $20,000
To Cash $20,000
05-May Accounts Receivable $21,000
To Sales $21,000
05-May Cost of goods sold $15,000
To Merchandise Inventory $15,000
07-May Sales Returns and allowances $1,750
To Accounts Receivable $1,750
07-May Merchandise Inventory $1,250
To Cost of goods sold $1,250
08-May Sales Returns and allowances $300
To Accounts Receivable $300
15-May Cash $18,571
Sales Discounts $379
($18950*2%)
To Accounts receivable $18,950
($21000-$1750-$300)
Answer:
$7million understated
Explanation:
Based on the information given the effect on 20x8 COST OF GOODS SOLD will be UNDERSTATED by $7 million reasons been that since the OPENING INVENTORY IS UNDERSTATED by $7 million which means that the COST OF GOODS SOLD will as well be UNDERSTATED by the same amount based on the fact that opening inventory adds to Cost of goods sold.
Answer:
The amount allocated to goodwill at January 1, 2017, is: $16,000
Explanation:
We talk of goodwill when a company acquires another one and is the difference between the cost to purchase the business minus the fair market value of the tangible assets netted the liabilities.
In this case the fair value of the assets is:
Assets $550,000 + $40,000 - $10,000= $580,000
The book value of the assets is corrected with the fair value, in this case we correct the value of the patent.
Liabilities $300,000
porcentage acquired 30%
price paid $100,000
$100,000 - ((580,000-300,000)*30%) = $16,000
Answer:
<em><u>Morale.</u></em><em><u> </u></em><em> </em><em>Defined </em><em>as </em><em><u>the </u></em><em><u>attitude</u></em><em><u> </u></em><em><u>of </u></em><em><u>individual </u></em><em><u>groups </u></em><em><u>toward </u></em><em><u>their </u></em><em><u>work </u></em><em><u>environment</u></em><em><u> </u></em><em><u>toward </u></em><em><u>voluntary</u></em><em><u> </u></em><em><u>cooperation</u></em><em><u> </u></em><em><u>to </u></em><em><u>the </u></em><em><u>full </u></em><em><u>extent </u></em><em>of their ability in the best interest of the organization. </em>
