Answer:
$6,076
Explanation:
the journal entries are:
May 5, merchandise purchased on account
Dr Purchases 90,160
Cr Accounts payable 90,1600
May ?, defective merchandise returned
Dr Accounts payable 6,076
Cr Purchases returns 6,076
When a company uses the periodic inventory system, it will use the purchases returns account to record any merchandise returns. When it uses a perpetual system, the merchandise inventory account is directly debited (when a purchase is made) or credited (when merchandise is returned).
Answer:
a. Landscaping company owners who attend the meeting have formed a cartel.
b. Hot dog vendors in this city are colluding with one another but not as part of a cartel.
c. The east side bakery owners are acting competitively by avoiding a poor business decision.
d. L.M. Nutz and Go Go Nuts are acting competitively, entering the other company's market will likely start an unprofitable price war.
Explanation:
Competitive Behaviors:
Cartel: A cartel is an organization of many independent suppliers who agree to set minimum prices for their products and services for the purpose of reducing competition.
Collusion occurs when some organizations stick to some informally-established prices for their products and services without actually formalizing their agreements, unlike a cartel.
Competition enable organizations to outperform one another with low prices and other competitive measures.
Employment, inflation, productivity, and taxes and interest rates.
From those four I'd say the first three but taxes and interest rates are also important in certain cases as for purchasing but for working too!
Answer: COUNTERCLAIM
Explanation: Counterclaim is a term mainly used in legal matters,to refer to claim allegedly made by a defendant against the claims of an apellant. The issues concerning Loren and Mabel is a case of Counterclaim.
Counterclaim puts both persons involved in the suit in the same level,as the Court will have to review both claims and determine who is at fault or guilty and the level of Compensation required by either or both of the parties.
<span>Strategy Implementation is used to revise prior policies in order to meet the objectives set earlier. This step is also used to allocate resources where needed, change the organizational structure in order to promote objectives, and manage the resistance to change.</span>