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seropon [69]
3 years ago
7

On October 5, Loomis Company buys merchandise on account from Brooke Company. The selling price of the goods is $5,000, and the

cost to Brooke Company is $3,100. On October 8, Loomis returns defective goods with a selling price of $650 and a fair value of $100. Record the transactions on the books of Loomis Company.
Assume information similar to that in DO IT! 5-2: On October 5, Loomis Com- pany buys merchandise on account from Brooke Company. The selling price of the goods is $5,000, and the cost to Brooke Company is $3,100. On October 8, Loomis returns defec- tive goods with a selling price of $650 and a fair value of $100. Record the transactions on the books of Brooke Company.

Business
1 answer:
Nadusha1986 [10]3 years ago
3 0

Answer:

Explanation:

the attached pictures show the explanation

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_____ refers to activities to plan, organize, lead, and control the flow of products, services, finances, and information that p
Murrr4er [49]

Answer:

C.

Explanation:

Supply chain management is the management of the flow of goods and services, finances and information and includes all processes that transform raw materials into final products.

Contingency planning is designed to help an organization respond effectively to a significant future event or situation that we don't know if it will happen.

Demand chain management is similar to supply chain management but more complex, where upstream and downstream relationships between customers and suppliers need to be managed to deliver the lowest cost to the customer across the entire supply chain.

Enterprise resource planning is the integrated management of main business processes,

8 0
3 years ago
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Mallory needs to inform her staff that their insurance benefits are changing. as she prepares her strategy for presenting the in
Lilit [14]
The answer would be a written memo. On the off chance that the client is a partner, the arrangement is normally considerably more adaptable. At its most fundamental level, an update can be a manually written note to one's chief. In business, an update is ordinarily utilized by firms for inner correspondence, rather than letters which are regularly for outside correspondence.
4 0
3 years ago
A machine with a cost of $164,000, accumulated depreciation of $102,000, and current year depreciation expense of $25,500 is sol
Gre4nikov [31]

Answer:

$53,600

Explanation:

The computation of the cash flow from investing activities is shown below:

Cash flow from investing activities

Sale value of machinery $53,600

Net cash flow from investing activities $53,600

The current year depreciation expense is to be reported under operating activities and as we know that the investing activities record those activities which are held for purchased and sale of long term assets so the sale value fo machinery is only reported

4 0
3 years ago
The foreign exchange market is a market for converting the currency of one country into that of another country.
3241004551 [841]

Answer:

a. True

Explanation:

The foreign exchange market is a market for converting the currency of one country into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.

Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

4 0
2 years ago
Firms in the patented pharmaceutical industry earned an average return on net worth of 22 percent in 2006, compared with an aver
IrinaVladis [17]

Answer and Explanation:

The following theories of profit best explain the profits of pharma companies:

1. Risk bearing - The theory says the higher the risk, the higher the rewards. The pharma companies take huge risks in inventing a new drug, having trials and the getting FDA approvals.

2. Monopoly - If a new drug is approved, the pharma company gets a patent over it, which means that it will have an effective monopoly on that segment of the market.

3. Innovation - it states that innovation is what keeps a company ahead. And pharma industry is built on innovation. Pharma companies have to continuously find new drugs because once patents run out on existing drugs, there are no profits to be made.

3 0
3 years ago
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