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Harman [31]
3 years ago
8

When ann taylor, a well-known retailer of sophisticated women's clothing, started losing sales to its own loft outlets that feat

ure moderately priced casual clothes, ann taylor was dealing with the marketing phenomenon known as _?
Business
1 answer:
Digiron [165]3 years ago
5 0
It is known as cannibalization 
You might be interested in
A) Depreciation on the company's equipment for 2017 is computed to be $16,000.
OleMash [197]

Answer:

Adjusting Journal Entries:

a) Debit Depreciation Expense - Equipment $16,000

   Credit Accumulated Depreciation - Equipment $16,000

To record depreciation charge for the year.

b) Debit Insurance Expense $8,100

   Credit Insurance Prepaid $8,100

To record insurance expense for the year.

c) Debit Office Supplies Expense $2,583

   Credit Office Supplies Account $2,583

To record office supplies used for the year.

d) Debit Deferred Revenue $2,750

   Credit Service Revenue $2,750

To record revenue for work done this period.

e) Debit Insurance Expense $4,200

   Credit Prepaid Insurance $4,200

To record insurance expense for the year.

f) Debit Wages Expense $5,000

  Credit Wages Payable $5,000

To record unpaid wages as of December 31, 2017.

Explanation:

Adjusting journal entries are entries made in the journal to accrue expenses and revenue in line with the accrual concept and the matching principle of U.S. GAAP.  The concept and principle require that expenses and revenue are matched in the period they were incurred and not when they were actually paid for or received.

4 0
3 years ago
On May 3, 2020, Sweet Company consigned 70 freezers, costing $450 each, to Remmers Company. The cost of shipping the freezers am
Minchanka [31]

Answer:

A. $16,195

B. $7,621

C. $23,816

Explanation:

a. Computation for the inventory value of the units unsold in the hands of the consignee.

Inventory value of the units unsold

First step is to calculate the Total inventory value

Inventory cost $31,500

(70 * $450)

Add Freight $890

Total inventory value $32,390

($31,500+$890)

Now let calculate the Inventory value of the units unsold

Inventory value of units unsold =($32,390 / 2)

Inventory value of units unsold =$16,195

Therefore the inventory value of the units unsold in the hands of the consignee is $16,195

b. Computation for the profit for the consignor for the units sold

Sales $25,900

(35 * $740)

Less Cost of unit sold ($16,195)

($32,390 / 2)

Less Commission ($1,554)

($25,900 * 6%)

Less Advertising ($200)

Less Installation cost ($330)

Profit for the consignor $7,621

Therefore the profit for the consignor for the units sold will be $7,621

c. Computation for the amount of cash that will be remitted by the consignee.

Sales $25,900

Less Commission ($1,554)

($25,900 * 6%)

Less Advertising ($200)

Less Installation cost ($330)

Cash remitted $23,816

Therefore the amount of cash that will be remitted by the consignee is $23,816

4 0
2 years ago
Park Co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000 an
Reil [10]

Answer:

IRR =   12.92%

Explanation:

<em>The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero </em>

<em>If the IRR greater than the required rate of return , we accept the project for implementation  </em>

<em>If the IRR is less than that the required rate , we reject the project for implementation  </em>

A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?

Lets Calculate the IRR

<em>Step 1: Use the given discount rate of 10% and work out the NPV </em>

NPV = 9000× (1-1.10^(-4)/0.1) - 27,000 =1528.78

<em>Step 2 : Use discount rate of 20% and work out the NPV (20% is a trial figure) </em>

NPV = 9000× 1- 1.20^(-4)/0.2 - 27000 = -3701.38

<em>Step 3: calculate IRR </em>

<em>IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%</em>

IRR = 10% +  1528.78/(1528.78+3701.38)× (20-10)%= 0.12923

     = 0.129230153  × 100

IRR =   12.92%

3 0
3 years ago
Nicole is a student at USB Law School; she receives a $52,000 scholarship for 2018. Of the $52,000, $40,000 is used for tuition,
Gnom [1K]

Answer:

The correct answer is option e.

Explanation:

Scholarships may or may not be taxable. Scholarships are generally tax-free when they are used to pay for tuition, books and other necessary equipment.  

Here, Nicole is getting a scholarship of $52,000 for the year 2018.

She is spending $40,000 on tuition, $5,000 for books and $7,000 for room and board.  

The total expenses are  

=$(40,000+5,000)

=$45,000

So, out of $52,000 non taxable amount is $45,000.

Nicole will be taxed for $7,000 and will be exempted from tax for $45,000.

3 0
2 years ago
Match each of the following cash payment activities to the internal control principle to which it best relates. Select the appro
VladimirAG [237]

The business manager has the only key to the check-signing equipment. Restrict access.

The purchasing manager orders all goods and services for the business. Establish responsibility.

A bank reconciliation is prepared monthly. Document procedures.

Prenumbered checks are used for all payments. Independently verify.

The company asks suppliers to deliver their merchandise to the warehouse but mail their invoices to the accounting department. Segregate duties.

<u>Explanation:</u>

Great internal controls are basic to guaranteeing the achievement of objectives and targets. They give solid money related answering to the executives choices. Great inward controls help guarantee proficient and powerful activities that achieve the objectives of the unit and still ensure representatives and resources.

The seven internal control procedures are separation of duties, access controls, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority.

7 0
3 years ago
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