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Varvara68 [4.7K]
3 years ago
11

When reconciling a 6 column worksheet for a closing - after totaling up the debits and credits, the closing agent needed to add

a $30,000 Debit to the Seller Debit column to make it equal to the Seller Credit column. What does this Seller Debit represent?
Business
1 answer:
enyata [817]3 years ago
5 0

Answer:

A $30,000 payment the seller will receive from this closing.

Explanation:

The debit column represents the money the seller is receiving from this sale (seller's proceeds).

All the debit's correspond to money received by the seller (e.g. earnest money), while the credits correspond to payments carried out by the seller (e.g. any fees paid by the seller).

So if there is some amount that need to be debited at the end, it can only be money that the seller should receive.

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Lauren often travels to other grocery stores in the marketplace to observe how much they charge for the same products she stocks
tia_tia [17]

Answer:

market intelligence

Explanation:

Market intelligence -

It refers to the information or the knowledge which is necessary for the company like the latest trends , customers ratings , competitors etc. , is referred to as market intelligence.

The process of market intelligence require collecting data from various upcoming sources  like internet , social media , news etc .

The method enable to be up to date with their products or services in the competitive world.

Hence, from the given scenario of the question,

Sue is performing market intelligence.

4 0
3 years ago
RevGilla manufactures a motorcycle part in lots of 155 units. The raw materials cost for the part is $150, and the value added i
frutty [35]

Answer:

77.5 units

Explanation:

Given that,

Lot size = 155 units

Raw material cost = $150

value added in manufacturing per unit = $300

Total cost per unit = $450

Lead time = 30 weeks

Annual demand = 4,200 units

Average cycle inventory = Lot size ÷ 2

                                         =  155 ÷ 2

                                         = 77.5 units

Value = Average cycle inventory × cost per unit

          = 77.5 × $450

          = $34,875

7 0
3 years ago
Porsche repositioned its automobile brand via a gender-bending strategy—it launched a brand extension into the sports utility ve
professor190 [17]

Answer:

b) all of the choices are potential negative consequences.

Explanation:

a) Like any automobile model the bran will suffer if it fails.

c) other custoemr from the brand won't identify the model as part of the brand. Thus, will not recommend or try to acquired as is not in his idea of what is a Porsche

d) existing customer will see the imagine of Porsche shapeshifting and end up not seeing as deportive nor urban model. The brand cannot susceed in opposite market niche.

e) A possibility of person changing their model to a more sports focus brand can occur.

5 0
3 years ago
Pepe Pieman believes that pizza is a much more versatile meal than most people realize. As the national marketing manager for Pi
solniwko [45]

Answer: entrepreneur; self disciplined

Explanation:

1. Given Pepe's willingness to accept the risks of opening and running Pepe's Pizzazzeria, he is clearly an example of an entrepreneur.

An entrepreneur is one who goes into a business despite knowing that there'll be risk along the way and uses the resources available to achieve his aim.

2. Pepe remains confident and enthusiastic even though his colleagues have poked fun at his ideas. This shows that Pepe is self disciplined. He knows what he wants and won't let any negative comments from anyone affect him.

6 0
4 years ago
Many U.S. firms have sought relief from foreign competition by demanding protectionism policies by the U.S. government. A better
lord [1]

Answer: C) Continuously improve their products at home.

Explanation:

Protectionism policies like tariffs and import quotas have the effect of reducing free trade which erodes consumer welfare as well as hurting trade so should be avoided if better options exist.

One of those is for a company to increase its market base instead of relying on protection from the government. If they can expand into foreign market, they will have a larger market in which to trade their goods and increase profitability.

Another way is to improve their products at home. Better products would attract more customers to their products and increase profitability.

6 0
4 years ago
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