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3 years ago

How does advertising influence the job roles in a purchasing department and business buying decisions?

1 answer:

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The company's objectives, purchasing policies and resources can influence the buying process. ... Four main influences impact the business buying decision process: ... from marketing or other functionaldepartments, must pay close attention to ... Individual factors including age, education level, personality,job tenure, and ...

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These items are taken from the financial statements of Martin Corporation for 2017.

ella [17]

Answer:

Service revenue 68,000

Utilities expense 2,000

Maintenance and repairs expense 1,800

Depreciation expense 3,600

Insurance expense 2,200

Salaries and wages expense 37,000

Total expenses (46,600)

Net Income 21,400

Retained earnings (beginning) $31,000

Net Income 21,400

Dividends (12,000)

Ending Retained Earnings 40,400

Balance Sheet

Assets

current

Cash 10,100

Accounts receivable 11,700

Prepaid insurance 3,500

total current 25,300

Non-Current

Equipment(net) 48,400

Total Assets: 73,700

Liabilities

Accounts payable 18,300

Salaries and wages payable 3,000

Total Liabilities 21,300

Equity

Common stock 12,000

Retained Earings 40,400

Total Equity 52,400

Total Liabilities + Equity 73,700

Explanation:

First, we do the income statmeent which is revenues less expenses accounts

Then, we do the retained earnings.

To the beginning balance we add up the net income and subtract the dividends.

Then, end with the blaance sheet:

first assets in order of liquity

then liabilities and last equity using the retained earnings balance we calcualted.

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3 years ago

A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha

bagirrra123 [75]

Answer:

See below

Explanation:

It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.

Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.

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3 years ago

Is the statement below true or false? ▼ True False . (Select from the drop-down menu.) The cash surplus can be used for a var

nlexa [21]

Answer:

(A) The cash surplus can be used for a variety of purposes. In the short-term, they may replace their car, buy better furniture, or more quickly pay off their home. TRUE

(B)Alternatively, they may purchase stocks and bonds, or increase their savings for future needs. TRUE

(C) Investments in the stock market are generally designed to increase an individual's future wealth, the purchase of bonds typically allows one to at least retain their purchasing power, while investment in savings accounts provide liquidity. FALSE

Explanation:

(A) The currency can be used to anything he owner wants.

(B) Correct, the ecnomics always define that a person after receiving his income has only two option available. It can used in consumer goods. Or it can saved to invest

(C) The reason the stock and bonds exist is to raise fund for companys whichyield a return. The company takes the most benefit from this system as it would be difficult to convince a single peroson to invest a large amount in his business. Through sotck it can ask for fewer amount to more people but, this people will receive an income but it won't become rich for a couple shares.

As this part is not true, then the whole sentence must be catalogate as false.

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3 years ago

True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts

julsineya [31]

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

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3 years ago

Marilyn County operates on a calendar year basis. It uses a Capital Projects Fund to account for major capital projects and a De

mr Goodwill [35]

Answer:

Marilyn County

1. Journal Entries:

1. January 1, 2013,

Debit Capital Projects Fund $1,000,000

Credit General Obligation Bonds Payable $1,000,000

To record the issuance of bonds, payable in 20 equal semiannual installments of $50,000 over a 10-year period commencing October 1, 2013, with interest of 4 percent per annum paid on the outstanding debt.

2. May 1,

Debit Capital Projects Fund $20,000

Credit General Fund $20,000

To fund the additional project costs.

3. July 1

Debit Construction of Community Center $1,020,000

Credit Capital Projects Fund $1,020,000.

To record the payment to the contractors for completed construction of Community Center with estimated 20 years useful life.

4. September 30, 2013

Debit Debt Service Fund $70,000

Credit General Fund $70,000

To transfer funds for debt service.

5. October 1:

Debit Bonds Payable $50,000

Debit Interest on Bonds Expense $20,000

Credit Debt Service Fund $70,000

To record the payment of the debt service with semi-annual interest.

2. Governmental activities column of the government- wide financial statements:

Capital assets $1,020,000

Reduction of Liabilities $950,000 ($1,000,000 - $50,000)

Payment of debt service and interest $70,000

3. December 31, 2013, government-wide statement of net position

Investment in capital assets, $1,020,000

Related debt (950,000)

Invested capital assets, net $70,000

4. December 31, 2014, government-wide statement of net position

Investment in capital assets, $1,020,000

Related debt (850,000)

Invested capital assets, net $170,000

Explanation:

a) Data and Analysis:

1. January 1, 2013, Capital Projects Fund $1,000,000 General Obligation Bonds Payable $1,000,000

2. May 1, Capital Projects Fund $20,000 General Fund $20,000

3. July 1 Construction Contract $1,020,000 Capital Projects Fund $1,020,000.

4. September 30, 2013 Debt Service Fund $70,000 General Fund $70,000

5. October 1, Bonds Payable $50,000 Interest on Bonds Expense $20,000 ($1,000,000 * 4% * 6/12) Debt Service Fund $70,000

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3 years ago