Answer:
Credit to cash for $302
Explanation:
Account Titles and Explanation Debit Credit
Delivery expenses $63
Miscellaneous inventory $207
Miscellaneous expense $32
Cash $302
(To record petty cash reimbursement)
Answer:
b. Secondary research
Explanation:
Based on the scenario being described within the question it can be said that this type of research is an example of secondary research. This is a research method that focuses on using already existing data in order to support the research by summarizing and organizing that data. Such as the PR firm is doing with the cencus data, in order to support the trends in teen clothing that they are researching.
When the company uses cold calling to find potential customers, it is basing its methodology on the law of averages.
The law of averages is the law that something is sure to happen at some time, because of the number of times it generally happens or is expected to happen. In this case because the company uses a variety of marketing methods including a web site, cold calls, and direct mail Evans and Heldris believe the company could better communicate with potential customers who may not know of the company's existence.
Answer:
Explanation:
textAndrew Company has predicted the following costs for this year for 50,000 units:ManufacturingSelling and AdministrativeVariable$200,000$ 50,000Fixed300,000150,000Total$500,000$200,000What is the initial selling price needed to obtain a target profit of $25,000 using the variable costmarkup method?Select one:A. $14.70B. $ 5.00C. $ 8.00D. $ 4.50FeedbackRationale
:($300,000 + $150,000 + $35,000) / ($200,000 + $50,000) = 194%
markupVariable cost per unit = ($200,000 + $50,000) / 50,000 = $5.00 × 1.94 = $9.70 markup
Cost plus markup = $5.00 + $9.70 = $14.70
OR(VC $250,000 + FC $450,000 + Profit$35,000) / 50,000 = $14.70The correct answer is: $14.70
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