<u>Solution and Explanation:</u>
<u>Journal entry to record the purchase the bags of insultaion.</u>
Date Particulars Debit Credit
Inventory $6875
accounts payable $6875
(Purchased insulated bags from Glassco Inc., 1250bags at the rate $5.5 each)
<u>entry to record the payment for shipping</u>
Inventory $320
cash $320
( paid shipping charges for bags to warehouse)
<u>entry for return of the defective bags</u>
accounts payable $275
Inventory $275
( returned defective bags to glassco Inc)
<u>To record the payment for the bags kept by compass.</u>
Accounts payable $6600
cash $6600
( payment for remaining bags to Glassco Inc., )
Answer:
Acceptability
Explanation:
Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.
When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.
However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.
Answer:
$19,462
Explanation:
The computation of the cash and cash equivalent is shown below:
= Cash in bank account + Money market fund balance + petty cash balance + money orders
= $6,455 + $12,400 + $350 + $257
= $19,462
It includes only cash in bank account, balance in money market, petty cash balance and the money orders
All other information which is given is not relevant. Hence, ignored it
Answer:
Intensive Distribution
Explanation:
Intensive distribution is a strategy in which producers of convenience products and raw material stock their products in as many outlets as possible.
In this strategy, the producers of convenience products try to provide the product to the consumers where and when they want. In this way, consumers get brand exposure for any product they wish to buy and also it made convenient for them to buy the product. Example of such products are soaps, biscuits etc.
Thus the answer for the question is Intensive Distribution.
Answer:
7.56%
Explanation:
Calculation for the required return for Smiling Elephant
Using this formula
Required return =D/P0
Where,
D=$6.10
P0=$80.65
Let plug in the formula
Required return =$6.10/$80.65
Required return =0.0756×100
Required return =7.56%
Therefore the Required return for Smiling Elephant Inc will be 7.56%
