Answer:
I) Days sales outstanding (DSO) for all customers? 48.7days
= (53*0.9)+(10*0.1) = 48.7 days
II) Net sales? $166.600
The Net sales = Gross sales - sales allowance
The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn
∴ The Net sales = 17 - 0.34 mn = 16.66 mn
Amount paid by discount customers? $13.600
Explanation:
I. General Credit Policy Information
Credit stamps 2/10 Net 30
Days sales outstanding (DSO) for all customers 48.7days
DSO for customers who take the discount (10%) 10days
DSO for customers who forgo the discount (90%) 53days
II. Annual Credit Sales and Costs ($ millions)
Gross sales $170.000
Net sales? $166.600
Amount paid by discount customers $13.600
Amount paid by non discounted customers $153.000
Variable operating costs (82% of gross sales) $139.40
Bad debts $0.0
Credit evaluation & collection costs (10% of gross sales) $17.00
The Nederlander Organization must effectively use teaser and revealers promotion campaigns to take its musicals to foreign markets.
Option a
<u>Explanation:</u>
Nederlander Organization will adopt to the use of teaser and revealers promotion campaigns for its musical foreign market. After doing the market analysis and known about the customer’s interest the company will go with the strategy called revealers promotion campaigns.
This is an advertising campaign which creates a curiosity in the minds of consumers till the brands last ad. This type of campaign will keep the consumers always think about the product and ad which is going to be launched soon.
True, profits of a large corporation are taxed twice, once a corporate income and again as personal income of stockholders. This is because the corporation is taxed when they earn the profit but then the stockholders are taxed as it is paid out as income/earnings.
To pay the bill by credit card when the bill was not entered through the enter bill window -The pay bill windows on the Home window are used to pay a bill by credit card.
Write check window is used to pay sales tax,payroll taxes and when paying bill track with accounts payable.
Credit cards let you borrow money from a bank below the agreement that you will pay off it by way of your bill's due date or incur interest fees.
A credit card is a kind of credit facility, provided through banks that allow customers to borrow finances inside a pre-authorized credit score restriction. It enables clients to make buy transactions on goods and services.
A credit score card loan works like a personal mortgage from a bank, with cash deposited at once into your financial institution account and repaid in month-to-month installments.
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