Which market segment should a no-frills hotel target?

During the current month, Grey Company sold 60,000 units for $10 each. Each unit had an equivalent cost of $6 each. The journal

Romashka [77]

Answer:

The sale entry would be:

Dr Trade Receivable $ 600,000

Cr Sale $600,000

And the inventory sent out of warehouse to customer would be recorded as:

Dr Cost of goods sold $360,000

Cr Finished Goods account $360,000

Explanation:

As we know the sale is credit in nature and inventory sold on credit increases the trade receivable which is debit in nature.

So the entry would be:

Dr Trade Receivable $ 600,000

Cr Sale $600,000

And the inventory sent out of warehouse to customer would be recorded as:

The reason is that once the product is sold then the cost of finished goods is eliminated from the inventory account and would be charged to the cost of goods sold. So the entry would be posted by the cost of equivalent that the company has incurred to manufacture the product. Here the cost of equivalent is given and is $6 per unit.

So for the sale of 60,000 units the total cost of equivalent will be:

Total equivalent cost = 60,000 units * $6 per unit = $360,000

And the entry would be:

Dr Cost of goods sold $360,000

Cr Finished Goods account $360,000

3 0

3 years ago

Which of the following comes after a period of recession in the business cycle? A. Stagflation B. A drought C. A boom D. Recover

morpeh [17]

<h3>Hello there!</h3>

Your question asks what comes after the period of recession in the business cycle.

<h3>Answer: D). Recovery</h3>

The reason why answer choice "D). Recovery" is correct because this comes after the period of recession in the business cycle.

Recession is like a "slow down" in the activity of a business. Which means that they aren't receiving any income, GDP, investments, and etc. This would cause a business to decrease while a lot of expenses that the business is getting are increasing. By expensive, I mean the cost to keep the business running and things of that sort.

Businesses go through a time of recession; therefore, they need to "recover" from that. And that's why recovery is the next stage. A business must recover from the "recession" period if they want to keep the business up and running. If the business doesn't recover, then the business will fail.

Once the business can recover from the recession period, then the business can succeed in their plans and execute them, while seeing the profits that they expected to make.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>

7 0

3 years ago

In the forbes article, kotlikoff explains that saving and investing decisions should be guided by?

vladimir2022 [97]

In the forbes article, kotlikoff explains that saving and investing decisions should be guided by strategies that maximize expected utility.

Saving can mean a variety of things to various people. Some believe that it requires making a bank deposit. Investing in stocks or making contributions to a retirement plan are some more definitions. Conversely, according to economists, saving is the act of using less of a specific amount of resources today in order to consume more later. So, the choice to delay consumption and put that delayed consumption in an asset is what is meant by saving.

Saving is either deferred consumption or revenue that is not spent. Putting money aside in various accounts, such as a savings account, a pension account, an investment fund, or in cash, counts as a saving strategy. In order to save, expenses like recurrent charges must be reduced.

Learn more about saving here

brainly.com/question/14584624

#SPJ4

5 0

2 years ago

Two ways in which can adapt to the challenges of the business environment

Alchen [17]

<h3>Two ways in which can adapt to the challenges of the business environment</h3>

Recognize the Size of the Change
Be open to new and different ideas

Today's business concerns are more pressing than ever before. Businesses are competing on a much greater scale as a result of technical advancements and globalization. And, in light of the current economic and health crises, business owners confront an even greater challenge: prospering, not just surviving. Here are four strategies to explore in order to assist your company adjust amid difficult times.

<h3>1. Recognize the Size of the Change</h3>

To most seasoned company and executive leaders, the word 'adapting' may sound cliché. Adaptability, on the other hand, in the context of business simply means being open to new ideas and methods. Accept that the world is changing at a quick speed, and that in order for businesses to thrive, they must adapt their strategy to meet the demands of the moment.

<h3>2. Be open to new and different ideas.</h3>

In order to be competitive, a business owner needs understand a few things. The first step is to think about what other options you have. Consider your backup plans and procedures in case the market situation changes unexpectedly. A business owner must constantly be prepared for any kind of tweaks and changes that their company may experience, and have a contingency plan in place that can be implemented promptly.

8 0

2 years ago

Tax cuts _________.A) and increases in government expenditures shift aggregate demand right.B) and increases in government expen

Pie

Answer: A. and increases in government expenditures shift aggregate demand right.

Explanation: Government expenditures or spending affect the aggregate demand, because it is one of the component of aggregate demand. If there is an increase in government spending the aggregate demand will shift to the right.

When there is tax cut or reduction in tax, there will be more disposable income which will increase consumption and savings and in turn shift the aggregate demand to the right.

5 0

3 years ago