Answer:
1. Accounts receivable due = Accounts receivable + Allowances
2008
= 760,100 + 26,259
= $786,359
2009
= 840,810 + 23,936
= $864,746
2. Amount of receivable written off = Beginning balance for Allowance for doubtful accounts + Bad debt - Closing balance for allowance for doubtful accounts
= 9,200 + 3,400 - 9,148
= $3,452
3. Gross sales = Net Sales + Sales returns
Sales Returns = Closing balance for reserve for product returns + goods returned - Opening balance for reserve for product returns
= 14,788 + 3,440 - 17,059
= $1,169
Gross sales in 2009 = 6,244,800 + 1,169
= $6,245,969
4. Cash collected = Credit Sales - Goods returned - Bad debts written off - Ending receivables balance + Beginning receivables balance
= 6,245,969 - 3,440 - 3,452 - 864,746 + 786,359
= $6,160,690
Answer:
D. The order quantity is constant, regardless of the demand.
Explanation:
Basic Continuous Review Model relates to inventory stock management, where each time an inventory unit is added in or moved out the stock level is calculated again.
It do not assume that the order quantity is constant as it calculates inventory level after each order, there is no basic assumption as such.
The review model keeps on moving the stock and tries to maintain such level as by ordering the quantity sold, and it keeps on rotating, but there is no standard set for order quantity.
Gwendolyn manages a resort boutique. Her goal is to run this business in such a way that she achieves the desired result, making a profit and providing her customers with the items they need to enjoy their vacation. Thus, her primary managerial concern is effectiveness.
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The ability of an organisation in meeting its goals and objectives refers to the organisation's effectiveness. The organisation can achieve higher profits if it could involve in selling the products without any wastage and also in producing the products efficiently and effectively.
An organisation achieving effectiveness has complete engagement of all its employees and improved performance. In the example given, Gwendolyn mainly focus on the achievement of the desired result that is the objectives, making profits and satisfying customer by understanding their needs. Thus, her primary managerial concern will be effectiveness.
Which consumer responsibility suggests that you ask for manufacturers to fix faulty products
the right to choose
Despite being otherwise progressive, this law did the non-Yugoslav minorities the injustice of temporarily depriving them of the right to vote under the convenient pretext that they could not do so until the two years had passed since the Treaty of Trianon secured their right to choose citizenship in a neighboring State. A movement to reform the constitution was started, with its main goals being to extend the presidential term to four years, grant Congress the power to select the president of the republic, and amend certain sections pertaining to the rights of those participating in armed uprisings motivated by political issues.
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