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Anna35 [415]
3 years ago
12

When buyers refuse to pay a product’s stated price or when improvements in other items or fashion changes reduce the appeal of t

he current merchandise, a retailer must take a _____.
Business
1 answer:
blsea [12.9K]3 years ago
5 0

Reduction in the price. If they do not reduce the price, then people will not buy the product, and they will be left with too many of the same products. 


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The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
givi [52]

Answer:

See explanation section

Explanation:

1. Debit     Cash                   $17,000

Credit            Service revenue (music)       $17,000

<em>Note: The academy receives cash by providing music services to the students.</em>

2. Debit     Prepaid Insurance          $4,200

Credit                    Cash                                 $4,200

<em>Note: The academy paid cash in advance to purchase insurance policy.</em>

3. Debit    Musical Equipment           $20,000

Credit                     Cash                                    $20,000

<em>Note: The academy paid cash for acquiring musical equipment.</em>

4. Debit     Cash                              $30,000

Credit             Notes payable                           $30,000

<em>Note: The academy borrowed cash by signing a notes from the bank.</em>

8 0
3 years ago
Vaughn Company issues 11,300 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2020. The stock has a fair value o
Firlakuza [10]

I think you made mistakes in the dates which i have corrected in the explanations----Prepare the journal entries to record the restricted stock on "January 1, 2017" (the date of grant), and "December 31, 2018"

Answer: Please see answer in explanation column

Explanation:

To record unearned compensation

Date      Account titles and explanation      Debit          Credit

Jan 1, 2020 Unearned compensation       $565,000  

   To Common stock ( 11,300 shares × $10)                     $113,000  

To Paid in capital in excess of par - common stock      $452,000

To record the compensation expense

Date      Account titles and explanation        Debit              Credit

Dec 31, 2020  Compensation    expenses      $113,000  

   To    Unearned compensation                                             $113,000

Calculation:

Compensation expenses =$565,000 ÷ 5 years=   $113,000

To record the forfeiture

Date             Account titles and explanation          Debit                Credit

July 25, 2021   Common stock                               $113,000

Paid in capital in excess of par - common stock    $452,000

To Compensation expenses                                                             $113,000  

To Unearned compensation                                                            $452,000

Calculation:

Common stock ( 11,300 shares × $10)= $113,000

To Compensation expenses  $113,000  ($113,000 × 1 year) January 1, 2020-July 25, 2021,

Unearned compensation =fair value of $565,000 --Compensation expenses  of $113,000   =  $452,000

7 0
3 years ago
In addition to biases existing on the part of people who do the ratings, the people who receive evaluations (i.e., the ratees) c
Anton [14]

Answer:

A

Explanation:

In addition to biases existing on the part of people who do the ratings, the people who receive evaluations (i.e., the ratees) can be biased as well. One example of ratee bias is EGOCENTRIC BIAS, which is best described as: The tendency to evaluate oneself more favorably than others do

Egocentric bias happens when you depend on your way of perceiving things more than it really is or how it looks in the eys of others. It is basically seeing things through your perspective.

6 0
3 years ago
Read 2 more answers
Identify the component of an information system that consists of raw facts and is a major component of information systems.
hammer [34]
The answer to this question is: Information
An information system is a set of command that i used to analyze available information in order to create a better decision for the company.
Which means that information will not be able to do any function of it does not possess the initial information, to begin with, so we can conclude that information is a major component of the information systems
6 0
3 years ago
What theory implies that you should allow another firm to perform work activities for your company if that company can do it mor
saveliy_v [14]
<span>The theory of comparative advantage</span> implies that you should allow another firm to perform work activities for your company if that company can do it more productively than you can.
 Comparative advantage is term used in economics to denote the ability to produce goods and services at a lower opportunity cost than competitors or trade partners. This theiry is the <span>foundational principle in the theory of international trade.</span>
8 0
3 years ago
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