Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
<h3>What is meant by current liability?</h3>
This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.
Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
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Answer:
(i) $8.33 per unit
(ii) $267
Explanation:
Under high-Low method:
= $8.33
Total cost = variable cost per unit + Fixed cost
1,100 = (8.33 × 100) + Fixed cost
1,100 - 833 = Fixed cost
$267 = Fixed cost
When best buy and sears engage in a price war on maytag appliances, <u>Horizontal</u> channel conflict can occur.
<h3>What is Horizontal channel conflict?</h3>
Horizontal channel conflict can be defined as the type of conflict that arise when their is a conflict or a disagreement among members that are a similar level of a distribution or marketing channel.
Example when two retailers compete against each other or when two producers compete against each other.
Therefore When best buy and sears engage in a price war on maytag appliances, <u>Horizontal</u> channel conflict can occur.
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The answer is C.
<span>The pull model is known as make-to-order. The pull model strategies include</span><span> interest for a specific product that was created depending on the target audience, not following the demands stated by channel partners.</span>
Answer:
Uncollectible account expense $8,600
Explanation:
The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:
Allowance account - Beg year 2 $3,600 Credit
Written off account $6,600 Debited by
Unadjusted balance in Allowance account $3000 Debit
Adjusted balance required in Allowance account $5,600 Credit
Uncollectible account expense $8,600
