Answer:
$24,750
Explanation:
The computation of the amount that should be recorded is shown below"
Sales on account = $25,000
Credit term = 1/15, n/30
Sales discount rate = 1%
Now
Sales discount = Sales on account × Sales discount rate
= 25,000 × 1%
= $250
So,
Net sales = Sales- Sales discount
= $25,000 - $250
= $24,750
The area of accounting that serves the decision-making needs of internal users is referred to as managerial accounting.
Managers use accounting data to help with decision-making, management, and the execution of their control functions. This practice is known as management accounting. In other words, managerial accounting aids in decision-making within an organization's board of directors. Cost accounting is another name for this practice. This is how data is differentiated, examined, analyzed, and imparted to managers to support the achievement of organizational objectives. The information acquired covers every area of accounting that instructs management on how to relate company activities to the organization's financial outlays and decisions. Plans are used by accountants to evaluate an organization's overall operational strategy.
Learn more about managerial accounting here:
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B is the correct answer. You want to show the interviewer that you are taking the interview and future job/anything else very seriously.
Inventory turnover = Cost of goods sold / Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= ($20,000 + $40,000) / 2
= $30,000
Inventory turnover = $360,000 / $30,000
= 12 times.
These three together form total market, so here we have to add up everything to know volume of the market
A+B+C = 1,275,000 is the total market
Then we have to calculate individual market share
which would eb 1) 28.2%, 2) 50.9%, 3) 20.8%
This can be calcualated by simple percetage calculation. ( 1275000-360000/1275000*100)-100 will give what share each has.
Then we apply HHI formula
HHI = s1^2 + s2^2 + s3^2 + ... + sn^2
HHi is nothing but squaring of each of the percentages and adding them up
(28.2)2 +(50.9)2 +(20.8)2
812+2590+432 = 3834
HHI of 3834 shows it is highly competitve market.
