Answer:
The marketing firm should use the Present Net Value calculation to see if the marketing campaign will add value to the company.
Explanation:
The Present Net Value is a calculation that brings to present time all the future cash flows of an investment. Seeing the campaign marketing strategy as a potential investment, the firm has to identify the revenue entirely caused by the marketing campaign. Doing this, the firm will identify inflows (sales) per year that have to be subtracted to the outflows (marketing expenses). The net value of every year is discounted at a discount rate, and if the Present Net Value is higher than 0, it means that the marketing strategy is expected to bring value to the firm
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Budgeted Sales:
January $ 237,400
February 251,400
March 336,600
Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible.
Cash collection March:
Cash sales= 336,600*0.3= 100,980
Credit Sales March= (336,600*0.7*0.1)= 23,562
From February= (251,400*0.7*0.5)= 87,990
From January= (237,400*0.7*0.36)= 59,824.8
Total= 272,356.8
The correct answer is option (b) National Foundation for Consumer Credit (US)
Credit problem solution can be provided by National Foundation for Consumer Credit (US).
<h3>What is National Foundation for Consumer Credit (US)?</h3>
A network of non-profit credit counselling groups operates nationally under the name of National Foundation for Credit Counseling (NFCC). People who have taken on too much debt can benefit from counselling in order to avoid filing for bankruptcy, which is one of the main services offered by NFCC member organisations.
If you need help with your money, contact Consumer Credit Counseling Services (CCCS), a membership organisation of regional nonprofit organisations. Consumer finance businesses, banks, credit card issuers, and other lenders all make voluntary contributions to CCCS.
Revolving credit and instalment credit are the two types of consumer credit. Revolving credit works similarly to a credit card in that the borrower is given permission to utilise a certain amount of credit whenever they need it.
To learn more about credit visit:
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Answer: The journal entry is as follows:
Explanation:
Given that,
Barton and Barton company's inventories were $32.6 million at December 31st, 2017
But the records of B and B's company indicated that inventories would have totaled $24.1 million December 31st, 2017
Therefore, the journal entry for the adjustment in the records of B and B's company in 2018 is as follows:
<u>Debit</u> <u>Credit</u>
Retained Earnings A\c $8.5 million
To Inventory $8.5 million
Retained Earnings = $32.6 million - $24.1 million
= $8.5 million
