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Paraphin [41]
3 years ago
9

explain how companies engage in price competition in nonprice competition and give an example of each kind of competition

Business
1 answer:
NemiM [27]3 years ago
4 0

Answer:I am figuring this question out for you!

Explanation:one moment

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8) walter co. and sandburg industries report the following information at december 31: walter sandburg accounts receivable $41,0
True [87]

Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash                                                          6,000

Inventories

Raw materials inventory       21,000

Work in progress inventory  40,000

Finished goods inventory      25,000

Merchandise inventory           48,000

Total inventory                                      1,34,000

Other assets

Accounts receivable                               41,000

Prepaid expenses                                     1,000

Current assets                                                               2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

Learn more about manufacturing companies here:

brainly.com/question/14942185

#SPJ4

3 0
1 year ago
At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Do
Dmitrij [34]

Answer:

Sheridan Company

a. Debit Accounts receivable $739,000

Credit Sales revenue $739,000

To record sales of goods on account.

Debit Cash $813,450

Credit Accounts receivable $813,450

To record collections from customers.

b. Debit Allowance for Uncollectible Accounts $7,198

Credit Accounts receivable $7,198

To record the write-off of accounts for the period.

c. Debit Accounts receivable $2,978

Credit Allowance for Uncollectible Accounts $2,978

To record the recovery of the uncollectible account.

d. Debit Bad Debts Expense $22,410

Credit Allowance for Uncollectible Accounts $22,410

To record bad debt expense for the period.

Explanation:

a) Data and Analysis:

a. Accounts receivable $739,000 Sales revenue $739,000

b. Cash $813,450 Accounts receivable $813,450

c. Allowance for Uncollectible Accounts $7,198 Accounts receivable $7,198

d. Accounts receivable $2,978 Allowance for Uncollectible Accounts $2,978

e. Bad Debts Expense $22,410  Allowance for Uncollectible Accounts $22,410

Allowance for Uncollectible Accounts

Account Titles          Debit        Credit

Beginning balance                   $8,620

Accounts receivable $7,198

Accounts receivable                  2,978

Bad debts expense                  22,410

Ending balance        26,810

Totals                    $34,008  $34,008

5 0
3 years ago
Star workers and star athletes share a high need for​ ______________.
djverab [1.8K]

Star Workers and Star Athletes share a high need for achievement.  

A need for achievement, also know as N-Ach, describes <u>how an individual has a desire to attain either one of these or a combination: skill mastery, great accomplishments, or high standards</u>.

Star workers and athletes are usually individuals who have a high need to become the best or reach great accomplishments in their field, thus it is accurate to say that both groups will have a high need for achievement.

7 0
3 years ago
The price elasticity of demand measures the: A. responsiveness of quantity demanded to a change in quantity supplied. B. respons
pickupchik [31]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The price elasticity of demand determines the flexibility of the volume needed to adjust the price.

The demand of an individual or market becomes inelastic if it will not adjust much to increasing prices, and it is elastic for an individual or market if the demand of a particular commodity will shift a lot as prices shift.

6 0
3 years ago
At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.
erastovalidia [21]

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

6 0
2 years ago
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