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finlep [7]
3 years ago
5

Explain why it is important for Costco’s corporate accounting, marketing, and operations management business units to access and

analyze information about your store’s sales. What could happen if your store sales were not shared with the different business units at Costco’s headquarters?
Business
1 answer:
Dafna1 [17]3 years ago
8 0

Answer:

Every Business Unit in Costco needs to have access to the Data

Explanation:

Costco Wholesale Company runs a network of customers-only retail stores, doing business as Costco, an American multinational company.

The details must be available to each business unit in Costco.

For example, The accounting department needs to know the buy-and-sell information. To order to make good use of this commodity in its marketing strategy, the marketing professionals need to learn the quality of a particular product.

To insure the inventory management is completed, an operations manager must have access to the data.

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Monty Corp. has been in business for several years. At the end of the current year, the ledger shows: Accounts Receivable $ 326,
Aliun [14]

Answer and Explanation:

The journal entry is shown below:

Bad debt expense Dr  $13,472

    To allowance for doubtful debts  $13,472

(Being the bad debt expense is recorded)

The bad debt expense is

= 6% of $326,200 - $6,100

= $13,472

Here the bad debt expense is debited as it increased the assets and credited the allowance for doubtful debts

4 0
3 years ago
A cafeteria buys muffins daily. Demand varies Uniformly between 30 and 50 muffins per day. The cafeteria pays $.20 per muffin an
kakasveta [241]

Answer:

The optimal stocking level is 45 muffins.

Explanation:

First we have to calculate the Overage cost Co = Purchase price - Salvage value = $0.2 - 0 = $0.2

Then the Underage cost Cu = Selling price - Purchase price =$0.80 - $0.2 = $0.60

Service level = Cu / (Cu + Co) = $0.60/($0.60+$0.2) = $0.75

Hence, optimal stocking level = Minimum demand + Service level *(Maximum demand - Minimum demand)

optimal stocking level = 30 + 0.75*(50-30) = 45

The optimal stocking level is 45 muffins.

Optimal stocking level = 68.75 Muffins

5 0
3 years ago
Kirsten, a friend of yours, plans to open a fashion boutique that will sell women’s clothing and accessories. She told you that
nataly862011 [7]

Generally, a small-business owner follows four steps to develop the pro forma income statement:

Establish a sales projection

Set up a production schedule

Calculate your other expenses

Determine your expected profit

After using your sales projection as a starting point, you calculate the cost of goods sold if you are selling a physical product.

I would also suggest looking at trade organizations and asking other small business owners to help forecast costs.

6 0
3 years ago
Read 2 more answers
Hich of the following is NOT a common credit card fee?
vaieri [72.5K]
Balance transfer fee is NOT a common credit card fee.....

HOPE it helps!!!!
8 0
3 years ago
ABC Corporation owns 75 percent of XYZ Company's voting shares. During 20X8, ABC produced 50,000 chairs at a cost of $79 each an
Alika [10]

Answer:

$2,765,000

Explanation:

Calculation to determine what amount of cost of goods sold did ABC record in 20X8 prior to consolidation

Cost of goods sold= $79 each* 35,000

Cost of goods sold=$2,765,000

Therefore the amount of cost of goods sold that ABC record in 20X8 prior to consolidation is $2,765,000

5 0
3 years ago
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