A market strategy specifically details how you plan to find customers and sell your product.<span> The market strategy is part of the business plan that includes planning
how to achieve a sustainable competitive advantage. It involves planning how to</span> find and attract clients or customers to your business and <span>outlines the steps you need to take to achieve your business goals.</span>
Answer and Explanation:
The journal entry required to close the income summary account is given below:
Income summary Dr ($202,000 - $112,200) $89,800
To retained earnings $89,800
(Being the closing of the income summary is recorded)
The above entry should be passed for closing out the income summary account
The same is to be considered
Answer: $1500 loss
Explanation:
From the question, On December 2, 20X1, Levi sold confectionary items to a foreign company by selling at a price of 50,000 yen when direct exchange rate was 1 yen = $1.15.
Sale value in dollar = 50,000 × 1.15
= $57500
The account has not been settled as of the year ended December 31, 20X1, when exchange rate had changed to 1 yen = $1.12.
Sale value in dollar = 50,000 × 1.12
= $56000
Foreign exchange loss:
= $57500 - $56000
= $1500 loss
In this case, the most likely reason for this is The employees will conclude that there must be regional differences in pay.
<h3>What is a Pay Difference?</h3>
This refers to the discrepancy that exists when a person is paid a different amount to another person who is performing the same or similar work and can be affected by things like location, etc.
Hence, we can see that based on the fact that the employees of the cloth store make an investigation into their pay rates and find out that there is a price discrepancy that is higher than the national average, they would conclude that there must be regional differences in pay.
Read more about price differences here:
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Answer:
The correct answer is letter "A": may show service charges, EFT collections from customers, and EFT withdrawals.
Explanation:
A bank statement shows account holders' transactions during a certain period of time that tends to be one (1) month. This report shows the current balance in the customers' accounts including charges, Electronic Funds Transfers (EFT) collections, and withdrawals as well as payments representing inflows.
<em>Bank statements are useful for clients so they can have control of the expenditures of their accounts.</em>
