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3 years ago

Which of the following statements about the consideration set is false? Group of answer choices

Business

1 answer:

Sunny_sXe [5.5K]3 years ago

7 0

Answer:A). A consideration is always at least 2 brands.

Explanation:A consideration set consists of all the brands a person intends to purchase.

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Landings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2019. The bonds pay interest on Februar

I am Lyosha [343]

Answer:

B. debit to Cash for $1,092,500

Explanation:

The journal entry to record the issuance of the bond is shown below:

Cash Dr ($1,150,000 × 95%) $1,092,500

Discount on bond payable $57,500

To Bond payable $1,150,000

(Being the issuance of the bond is recorded)

Here the cash and discount is debited as it increased the assets and discount while the bond payable is credited as it also increased the liabilities

Therefore option B is correct

8 0

3 years ago

United Apparel has the following balances in its stockholders’ equity accounts on December 31, 2018: Treasury Stock, $650,000; C

ahrayia [7]

Answer:

United Apparel Balance sheet as of December 31, 2018

Stockholders’ Equity section

Common Stock Capital ............................................$400,000

Preferred Stock Capital.............................................$1,600,000

Additional Paid-in Capital..........................................<u>$6,800,000</u>

Total Paid-in Capital....................................................$8,800,000‬

Retained Earnings.......................................................$1,200,000

Less: Treasury Stock...................................................<u>($650,000)</u>

Total Stockholders Equity..........................................$9,350,000

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3 years ago

On December 31, 2020, Cheyenne Corp. estimated that 3% of its net accounts receivable of $435,200 will become uncollectible. The

vodka [1.7K]

Answer:

Explanation:

The journal entries are shown below:

On December 31, 2020

Bad debt expense A/c Dr

To Allowance for doubtful debts

(Being allowance for doubtful debts is recorded)

The computation is shown below:

= Accounts receivable × estimated percentage given

= $435,200 × 3%

= $13,056

On May 11, 2021

Allowance for doubtful debts A/c Dr $2,176

To Accounts receivable $2,176

(Being debtors written off is recorded)

On June 12, 2021

Accounts receivable $2,176

To Allowance for doubtful debts A/c Dr $2,176

(Being reversal entry is passed)

Cash A/c Dr $2,176

To Accounts receivable $2,176

(Being cash received for written off amount)

7 0

3 years ago

The ______ effect refers to a delayed response by the consumer to a marketing campaign in which the consumer must see a message

disa [49]

Answer: Lagged effect

Explanation:

The lagged effect is basically refers to the effect in which the response are get delayed by customers during the market campaign. In the lagged effect the customer can able to see the message before the desired impact.

The lagged effect is the process recognizing the issue in the fiscal policy and then implement the various types of effective policies and it also directly affect our economy.

When the lag are varying between the repetition in the non-mass then this effect is known as lagged effect.

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3 years ago

Cubie Corporation has provided the following data concerning its only product: Selling price $ 105 per unit Current sales 12,300

Mars2501 [29]

Answer:

The correct answer is $387,450.

Explanation:

According to the scenario, the given data are as follows:

Selling price = $105 / unit

Current sales = 12,300 units

So, current sales value = 12,300 × $105 = $1,291,500

Break-even sales = 8,610 units

So, Break-even sales value = 8,610 ×$105 = $904,050

So, we can calculate the margin of safety by using following formula:

Margin of safety = Current sales value - Break even sales value

= $1,291,500 - $904,050

= $387,450

Hence, the margin of safety is $387,450.

7 0

3 years ago