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Blizzard [7]
3 years ago
10

Tom's Textiles shipped the wrong material to a customer, who refused to accept the order. This is an example of a:-Sales revenue

.-Sales discount.-Sales return.-Sales allowance.
Business
1 answer:
Angelina_Jolie [31]3 years ago
3 0

Answer:

Sales return

Explanation:

Sales return when a customer is not satisfied with a product, refuses to accept the order and expects to receive back the whole amount of money he paid for it.

Tom's Textiles are at wrong here as they shipped the wrong material to a customer. The customer is allowed not to accept the order and all the money he paid must be reimbursed to him. The company should apologize for the mistake in a pleasant manner, as mistakes happen everyday and can be corrected quickly and efficiently.  

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What are some of the primary reasons a company decides to expand internationally? Identify a company in the news that has recent
nignag [31]

Answer:

Primary reasons a company would decide to expand internationally are as follows:  

  • Expanding markets and increasing sales are one of the primary reasons.
  • Companies get globalized in order to become a market leader.
  • The company may choose to enter into international market in order to diversify a company's product line.
  • Markets and investments would be protected by companies once they enter into international market and get engaged in an international business.
  • Controlling the expenses is again one of the most important reasons. Company would buy the resources to gain cost advantage.
  • For example, the company which is located in Canada gets most of their resources from China; the company would look forward to get situated near China.
  • Another reason would be, to get protected from their competitors or to gain advantage over them; the company would decide to expand internationally.

The three motivational factors that induce a company to go global are as follows:

  • Economies of Scale — The advantage that a company gain through mass production to achieve the lowest possible production cost per unit.
  • Economies of scope — The advantage that a firm gains by producing different varieties of products and services and at different regions.
  • Low-Cost Production Factors — It is an opportunity to purchase the resources at the lower possible cost.

Jaguar Land Rover decided to manufacture cars outside the UK for the first time. In recent years, it has rapidly expanded in its home UK and the company is planning to go to Brazil and implement the strategies that they had implemented in India.

Jaguar Land Rover moves to other countries to gain the opportunity of producing at a lower price and to gain economies of scale.

3 0
3 years ago
Who was our 10th president
jeyben [28]
The 10 president was John Tyler.
3 0
3 years ago
Read 2 more answers
A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year
Lady bird [3.3K]

Answer:

$935.61

Explanation:

Firstly, we need to calculate weighted average inventory cost at every time anchors (purchase - in or sell - out)

At time t = 1, 64 units @ 5 per unit.

At time t = 2, 64 + 110 = 174 units @ (64 x 5 + 110 x 5)/(64 + 110) = 5 per unit.

At time t = 3, 174 - 90 = 84 units @ 5 per unit.

At time t = 4, 84 + 55 = 139 units @ (84 x 5 + 55 x 6)/(84 + 55) = 5.40 per unit.

At time t = 5, 139 - 90 =  49 units @ 5.40 per unit.

Cost of goods sold for the year = 90 x 5 + 90 x 5.40 = $935.61

7 0
4 years ago
Loretta is a product manager at a popular printing company. Though none of her small business clients have requested to print on
earnstyle [38]

.... She attempts to influence her clients to switch to printing on the new materials. This is known as a proactive type of approach

This is further explained below.

<h3>What is a proactive type of approach?</h3>

Generally, Proactive actions prepare for the future. Proactivity is a desired attribute in an individual, team, or organization. Reactive methods wait for the future to happen before acting.

In conclusion, "Loretta is a product manager at a popular printing company. Though none of her small business clients have requested to print on recycled paper, Loretta decides to stock some recycled paper products anyway because she sees this as an opportunity to increase her company’s reputation for sustainability. She attempts to influence her clients to switch to printing on the new materials." is a proactive type of approach

Read more about the proactive type of approach

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6 0
2 years ago
E11-8 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Abe's Steakhouse is the largest upscale steakhouse company in the
Alona [7]

Answer:

Shareholders equity                             current year                last year

Common stock:                                   $235,563.56              $234,053.56

Capital in excess of par value:    $192,389,000.00        $170,431,000.00

Retained earnings:                       -<u>$33,352,000.00</u>       -<u>$80,797,000.00</u>

Total shareholders' equity           $159,272,563.56        $89,868,053.56

common stocks last year = 23,405,356 x $0.01 = $234,053.56

common stocks current year = 23,563,356 x $0.01 = $235,563.56

Capital in excess of par value last year = $170,431,000

Capital in excess of par value current year = $192,389,000

retained earnings last year = -$80,797,000.00

retained earnings current year = -$80,797,000 + $54,583,000 - $7,138,000 = ($33,352,000.00)

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