Answer:
Expense & revenue summary a/c (credit balance) = $3500
Explanation:
1. Dr Expense & revenue summary 52500
Cr Sales discount 1500
Cr Sales return & allowance 3000
Cr Depreciation expense 25000
Cr Salaries expense 23000
(Close expenses to expense & revenue summary a/c)
2. Dr Sales 56000
Cr Expense & revenue summary 56000
(Close sales to expense & revenue summary a/c)
3. Dr Expense & revenue summary a/c 3500
Cr Retained earning a/c 3500
(To close expense & revenue summary a/c)
4. Dr Retained earning 2000
Cr Expense & revenue summary 2000
(Close dividend to expense & revenue summary a/c)d
Answer:
The correct answer is letter "A": Brand equity is strategically important and correlates directly to Under Armour's profitability.
Explanation:
Brand equity refers to the perception consumers have about a firm that affects its value. Brand equity could be positive or negative. It is an important element for companies aiming to settle in the market through marketing strategies that generate more profits by attracting more customers. Brand equity can be measured by <em>price, customer satisfaction, popularity, brand awareness </em>or <em>market share.</em>
<em />
<em>Thus, the marketing team of Under Armour could state that conducting a brand equity measurement is crucial because it is related to the firm's ability to generate profit.</em>
Answer:
a. $11,989
Explanation:
tax rate // for income above
0.1 // $ 0
0.12 // $ 13,600
0.22 // $ 51,800
0.24 // $ 82,500
Mary's income of $79,280 is on the third bracket as is lower than the minimum for the fourth bracket.
first bracket:
$13,600 x 10% = $ 1,360
second bracket:
($51,800 - $13,600) x 12% = $ 4,584
third bracket
($79,280 - $51,800) x 22% = $ 6,045.6
total tax income: 11,989.6
Answer:
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smoothly manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The preparation of the bank reconciliation statement on September 30 is presented in the spreadsheet. Kindly find the attachment below:
B.) 2-3% growth per period I think
