Answer:
The answer is letter C, Broker.
Explanation:
In order to know whether Karen's company is a broker. It would be best to define what "Broker" is.
In business, <em>"broker" is defined as a person or a company who acts as a mediator between a buyer and a seller. As an agent, the broker gets commission in every business transaction. He can also represents himself as the buyer or the seller. At this point, he also gets a certain commission. </em>In the situation above, Karen arranges the transaction between the growers and processors of cranberries. At this point, she is acting as a seller and a buyer. She does this on behalf of the other firms. Thus, the answer is letter C, Broker.
<u>Additional Information</u>
Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.
Commission Merchant- a person who buys and sells products. He receives commission for the sales price.
Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.
Sales Office- this is a location that is used for the purpose of selling. It is often leased.
Answer:
181,500 units
Explanation:
Given that
Beginning work in progress inventory = 20,000 units
The department completed and transferred = 165,000 units
Ending period = 22,000 units
Percentage of completion = 75%
The computation of equivalent units is given below :-
Work in progress of ending period
= 22,000 × 75%
= 16,500 units
So, the equivalent units
= 165,000 + 16,500
= 181,500 units
Answer:
a.
Date Account Title Debit Credit
XX-XX-XXXX Raw materials inventory $90,000
Accounts Payable $90,000
b.
Date Account Title Debit Credit
XX-XX-XXXX Work in Process Inventory $64,000
Raw materials inventory $64,000
c.
Date Account Title Debit Credit
XX-XX-XXXX Work in Process inventory $30,000
Wages Payable $30,000
d.
Date Account Title Debit Credit
XX-XX-XXXX Work in Process Inventory $20,000
Manufacturing overhead $20,000
Answer:
$35,000
Explanation:
The value of the coin is equivalent to the selling price i.e $35,000
As it is mentioned in the question that coin would be sell in the open market instead of purchasing it
Since the coin is sold at the open market so the same is to be considered
And, therefore the value of the coin is $35,000
Hence, the first option is correct
It's called an upselling
It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service
The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.
