Answer:
Explanation:
There are many obstacles that such a company may face when pursuing such an endeavor. One of which is establishing the site, knowing how to properly manage and communicate with potential buyers. Another would be language barriers, as an e-commerce site you become available to a much wider audience and not all of which speak the language that you speak. Therefore, figuring out how to properly communicate and help these individual's is key. Another big obstacle would competition, by getting into e-commerce you are also entering a market that is full of already established competitors that will do everything to outperform you.
Answer:
The accrued interest at December 31, 2022 amounts to $3,540
Explanation:
Accrued Interest = Amount borrowed × rate × Number of months/ 12
where
amount borrowed is $88,500
rate is 12%
= $88,500 × 12% × 4/12
= $3,540
The accrued interest for one year note is $3,540
Note: Number of months from September to December will be 4 months that is September, October, November and December.
Answer:
$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.
Explanation:
If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:
Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30
Dr Accounts receivable 2,600
Cr Sales revenue 2,600
Dr Cost of goods sold 1,700
Cr Merchandise inventory 1,700
Answer:
4,684 jars
Explanation:
The computation of the minimum number of jars is shown below:
Minimum number of jars = Fixed cost ÷ Contribution margin per unit
where,
Fixed cost is $8,900
And,
Contribution margin per unit is
Sales revenue per jar $5.30
Less: Sales revenue lost per jar ($3.20 × 1 ÷ 4) $0.8
Net sales revenue per jar $4.50
Les: Variable processing cost per jar $2.10
Less: Variable selling cost per jar $0.50
Contribution margin per jar $1.90
Based on this, the minimum number of jars is
= $8,900 ÷ $1.90
= 4,684 jars
