Answer:
c) Electronic Data Interchange
Explanation:
Based on the scenario being described within the question it can be said that this information technology is called Electronic Data Interchange or EDI for short. This technology allows one company to send large sets of data/information to another company electronically as opposed to other physical delivery methods of communication. Which in this case the electronic method that will be used are electronic bar codes.
Answer:
The Journal entries are as follows:
(i) On July 4,
Accounts receivable A/c Dr. $7,245
To sales $7,245
(To record sold merchandise)
(ii) On July 4,
Cost of goods sold A/c Dr. $5,000
To Merchandise inventory $5,000
(To record cost of goods sold)
(iii) On July 9,
Factoring fee expense A/c Dr. $800
Cash A/c Dr. $19,200
To Accounts receivable $20,000
(To record sold accounts receivables)
(iv) On July 17,
Cash A/c Dr. $5,859
To accounts receivables $5,859
(To record cash received from accounts receivables)
(v) On July 27,
Cash A/c Dr. $10,000
To Notes payable $10,000
(To record borrowing from bank)
(vi) No entry for accounts receivable as security for the loan.
Answer:
Explanation:
NPV is today's value of expected cash flows - today's value of invested cash.
Therefore, we need to identify current worth of cash flows by doing this:
47000/(1+0.06) +57500/(1+0.06)^2 + 82500/(1+0.06)^3 = 44339.6+51174.8+69268.6 = 164783
To find NPV we subtract investment amount from 164783. So, 164783 - 124000 = 40783. This is an NPV of first project x1
Now, we do the same calculations for project x2:
93000/(1+0.06) +83000/(1+0.06)^2 +73000/(1+0.06)^3 = 87736+73870+61292= 222898
222898 - 208000(investments) = 14898
Now let's calculate profitability index:
PI = Present value of future cash flows/ initial investment
PI for project x1 = 164783/124000 = 1.33
PI for project x2 = 222898/208000 = 1.071
From our calculations of NPV and Profitability Index we can see that project x1 should be chosen because it has higher NPV and profitability index
In phrases of cost and responsibility, the very best incoterm for the exporter that is, in turn, the maximum tough for the importer is Ex-works (EXW).
The definition of cost is the amount paid for something or the rate of doing something. An instance of a value is $three for a half gallon of milk.
Price is the cost of money that a business enterprise needed to spend to produce its items or services. it is calculated as the quantity that an employer spends with the intention to produce a sure unit of a product. In simple words – it is the cash that a business enterprise spends on matters including hard work, offerings, raw materials, and more. the fee is the expenditure required to create and sell products and services, or to gather belongings. whilst offered or eaten up, a price is charged to price.
Costing is critical to make sure that all charges are blanketed and the institution fixes a price that ensures a profit. the first and maximum important step is to perceive all the prices of a enterprise: manufacturing, income, administrative, overheads, and so forth.
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People pay sales income tax.
Explanation:
Sales income tax can be computed in various methods.
Sales income is the revenue derived from the sales of goods and services. This is made most of the time through Value Added Tax System VAT.
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