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4 years ago

Who is the target customer of tesla?

1 answer:

8 0

They are focused on people in their 20’s to young 40’s divided into 3 categories: eco-friendly, tech-savvy and entry-level

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Lux Company uses a periodic inventory system. The company started the month with 20 lamps in its beginning inventory that cost $

svet-max [94.6K]

Answer:

cost of goods sold = $2,310

Explanation:

beginning inventory 20 units at $30 each = $600

purchases during the month = 80 units at $31 each = $2,480

ending inventory = 25 units

using the weighted average cost method, each unit will be valued at ($600 + $2,480) / (20 + 80) = $3,080 / 100 units = $30.80

ending inventory = 25 units x $30.80 = $770

cost of goods sold = (100 - 25) x $30.80 = $2,310

4 0

3 years ago

The October 31 bank statement of White's Healthcare has just arrived from Stat Bank. To prepare the bank reconciliation, you gat

lesantik [10]

Answer:

Required 1 : Bank reconciliation

Bank Reconciliation Statement

Balance as per Bank Statement $5,170

Adjusted for error

Multi-State Freight Company $700

Balance as per adjusted Bank Statement $5,870

Add Lodgements not yet credited :

White treasurer`s deposit $290

Less Unpresented Cheques :

237 $90

288 $150

291 $580

294 $590

295 $10

296 $150 ($1,570)

Balance as per Cash Book $4,590

Required 2 : Journal entries

Journal 1.

Bank Service Charge $70 (debit)

Trade Receivables $540 (debit)

Bank $610 (credit)

Journal 2.

Bank $2,500 (debit)

Credit Transfer $ l,400 (credit)

Dividend Revenue $l,050 (credit)

Interest Revenue $50 (credit)

Explanation:

The first step to prepare a bank reconciliation is to update the cash book.

Cash Book (Bank Balances)

Debit :

Balance as per Cash Book $2,700

Credit Transfer $ l,400

Dividend Revenue $l,050

Interest Revenue $50

Totals $5,200

Credit :

Dishonored Cheques ($420 + $120) $540

Bank Service Charge $70

Adjusted Cash Book Balance $4,590

Totals $5,200

The Next step is to prepare a Bank Reconciliation Statement

Bank Reconciliation Statement

Balance as per Bank Statement $5,170

Adjusted for error

Multi-State Freight Company $700

Balance as per adjusted Bank Statement $5,870

Add Lodgements not yet credited :

White treasurer`s deposit $290

Less Unpresented Cheques :

237 $90

288 $150

291 $580

294 $590

295 $10

296 $150 ($1,570)

Balance as per Cash Book $4,590

Journal Entries to Correct the Cash Book :

Journal 1.

Bank Service Charge $70 (debit)

Trade Receivables $540 (debit)

Bank $610 (credit)

Journal 2.

Bank $2,500 (debit)

Credit Transfer $ l,400 (credit)

Dividend Revenue $l,050 (credit)

Interest Revenue $50 (credit)

8 0

3 years ago

The ________ is a fast and intuitive tool for building reports.

Dennis_Churaev [7]

The report wizard is this tool. This is a tool that is in report designer. This tool helps a person by guiding them through the steps of creating a report. The tool can also be used to make a tabular or matrix report.

5 0

3 years ago

In a competitive market, every consumer willing to pay the market price can buy a product and every producer willing to sell the

Gennadij [26K]

Answer:

The correct answer is True.

Explanation:

A competitive market is one in which there are many buyers and many sellers, so each one has an insignificant influence on the market price. Each seller controls the price to a limited extent, as others offer similar products. You have few reasons to charge a lower price than the current one, and if you charge more, buyers will go to others. Also, no buyer can influence its price, since each one only buys a small amount.

5 0

3 years ago

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending bal

lakkis [162]

Answer:

The Return on total assets is 7.3%. The right answer is c

Explanation:

In order to calculate the the return on total assets we would have to calculate the following formula:

Return on total assets = Earnings before interest and taxes / Average total assets

Earnings before interest and taxes=Net income + Interest expense

Net income=$21,643

Interest expense=$4,450

Average total assets =$359,218

Return on total assets= ($21,643 + $4,450) / $359,218

Return on total assets=0.0726=7.3%

The Return on total assets is 7.3%

6 0

3 years ago