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nika2105 [10]
4 years ago
8

Establishing a 1%/10 Net 30 term would be considered a benefit to a favorite customer and should typically be offered after they

have established a quality purchase and payment pattern
Business
1 answer:
Elodia [21]4 years ago
6 0
The statement is false. It would be an advantage to both the client and the organization. This would mean if the client needs a markdown from the provider they would need to pay the receipt inside 10 days to get the rebate, and this would then enable the organization to get their cash speedier.
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Performance OverArmour Co. manufactures and sells clothing, shoes, and athletic equipment. Performance incurred substantial loss
Oksi-84 [34.3K]

Answer:

Performance Over Armour Co.

The point when the group becomes a discontinued operation:

C. The date Performance classifies the group as held for sale

Explanation:

Immediately the group is classified as held for sale, it becomes a discontinued operation.  Discontinued operation is a part of a company's core business or product line that has been divested or shut down.  It is then reported separately from other continuing operations on the income statement.

8 0
3 years ago
Peter​ Ittig's department​ store, Ittig​ Brothers, is​ Amherst's largest independent clothier. The store receives an average of
ANTONII [103]

The type of control chart that is best to monitor this process is <u>C-chart</u>.

<u>Explanation</u>:

<em>C-chart helps in determining whether the defects or returns are within the control limits or not. </em>

<u><em>Given</em></u>:

Mean = average = 6 per day

Z=3

UcL = mean + 3[square root of mean]

      = 6 + 3 (Sq root of 6)

UcL = 13.34

LcL= mean - 3[ square foot of mean] = - 1.34

LcL= -1.34

So the returns are within the control limits.

3 0
3 years ago
Miller Co. classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are ex
Kobotan [32]

Answer:

Budgeted selling and administrative expense= $38,600

Explanation:

Giving the following information:

Variable expenses are expected to be $13,400 in the first quarter, and $3,900 increments are expected in the remaining quarters of 2017. Fixed expenses are expected to be $21,300 in each quarter.

We need to determine the budgeted selling and administrative expense for the second quarter:

Budgeted selling and administrative expense= (13,400 + 3,900) + 21,300

Budgeted selling and administrative expense= $38,600

3 0
3 years ago
How does a manufacturer set his or her total output to maximize profit?
strojnjashka [21]

A manufacturer would need to find the production quantity where the marginal rate of return equals marginal costs (this is called the equilibrium point). This would be the point where profits are maximized.

5 0
3 years ago
The accountant for Flagger Company prepared the following list of account balances from the company’s records for the year ended
Gre4nikov [31]

Answer:

Net operating income $15,000

Explanation:

Flagger Company

Income statement for the year ended , 31 December

Fee earned

165,000

Less : Operating expenses

Salaries and wages 40,000

Rent expense. 51,000

(91,000)

Gross profit.

74,000

Less: Selling expense.

(44,000)

Profit before interest and tax.

30,000

Less interest expense.

(18,000)

12,000

Add: Interest income.

3,000

Net operating income.

15,000

8 0
3 years ago
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