Answer:
$35,260
Explanation:
Calculation to Determine the proper amount of net income for 2021
Unadjusted net income $33,000
Adjustments:
a. Insurance expense overstated $2,800
[4,200-(4,200/3)]
b. Sales revenue overstated $(675)
c. Supplies expense overstated $645
d. Interest expense understated $(510)
(12%*17,000*3/12)
Adjusted net income $35,260
Therefore the proper amount of net income for 2021 will be $35,260
Explanation:
Companies could improve and implement differentiated services for customers.
What could probably happen is that tour companies offer a personalized service, faster and cheaper with the possibility of purchasing a skycar and jet, as hotel guests usually make a tour itinerary that requires high mobility costs, therefore offering this differentiated and cheaper service directly at the establishment would mean a focused differentiation strategy that would add several benefits, such as increased profitability and customer loyalty.
The question is incomplete. The complete question is:
Rebecca Minkoff's integration of technology and fashion has resulted in innovate products and an enjoyable shopping experience that stands out in the world of retail fashion. This illustrates _______.
a.multi-channel retailing
b.retail positioning
c.category management
d.atmospherics
e.store image
Answer:
Retail positioning
Explanation:
Retail positioning helps to differentiate a particular retailer from its competitors due to the various unique features possessed by the retailer.
This type of positioning helps to provide a high competitive advantage to the retailer by differentiating the business from the rest of it's competitors.
An effective positioning strategy can contribute immensely to a retailer's overall success in the market.
Rebecca Minkoff's integration of technology and fashion has positioned her in a top level in the retail market, it has made her business stand out among her competitors.
Answer:
The minimum price is $6.8
Explanation:
Giving the following information:
Crane Company incurred the following costs for 88000 units: Variable costs $528000 Fixed costs 392000 Crane has received a special order from a foreign company for 3000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $2400 for shipping.
Because it is a special order and there is unused capacity, we will not have into account the fixed costs.
Unitary cost= (528,000/88,000) + (2,400/3,000)= $6.8 per unit
The minimum price is $6.8
Answer: See explanation
Explanation:
a. Sales = $27000
Less: sales returned = -$660
Less: discount at 2% = ($27000 - $660) × 2% = -$526.8
Net sales = $25813.2
b. Net sales = $25813.2
Less: cost of goods sold = $15000 - $400 = -$14600
Gross profit = $11213.2
Operating expense:
Less: Selling and administrative expenses = -$2835
Operating income = $8378.2
Non-operating items:
Less: Interest expense = ($200
Add: Gain on land Sales = $900
Net Income= $9078.2
c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.
d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.
Option B is the correct answer.
