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3 years ago

Describe a product that you think has saturated its market

1 answer:

4 0

Explanation; A product is said to have reach its saturation point if such a product is no longer generating new demands due to factors such as competition, decreased need, obsolescence, etc.

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Rica Company is a price−taker and uses a target−pricing approach. Refer to the following information:Production volume602,000un

loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 $\times$ 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 = $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

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2 years ago

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche

ahrayia [7]

Answer and Explanation:

a. The required balance of allowance for doubtful debts is shown below:

Particulars Account receivable % Estimated uncollectible

Not yet due $860,000 1.20% $10,320

1 to 30 days $344,000 1.95% $6,708

31 to 60 days $68,800 6.45% $4,438

61 to 90 days $34,400 32.50% $11,180

Over 90 days $13,760 67.00% $9,219

Estimated balance $41,865

b. The adjusting entry is

Bad debt expense Dr ($41,865 - $14,000) $27,865

To Allowance for doubtful debts $27,865

(being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets

8 0

3 years ago

How would a good recordkeeping system help during a tax audit?

cricket20 [7]

It would help keep the person organized

6 0

2 years ago

Read 2 more answers

Sage Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $384,300. The estimated fair val

maria [59]

Answer: See explanation

Explanation:

The following can be calculated from the information given:

Total Asset Fair Value which will be:

= Land + Building + Equipment

= 73200 + 268400 + 97600

= $439200

Recorder Amount will now be:

Land = 73200 / 439200 × 384300

Land = 64050

Building = 268400 / 439200 × 384300

Building = 234850

Equipment = 97600 / 439200 × 384300

Equipment = 85400

3 0

3 years ago

Monica needs to assess the slide sequence and make quick changes to it. Which view should she use in her presentation program?

Dvinal [7]

Answer:

<em>The correct option is C) Slide Sorter</em>

Explanation:

If we want to move the slide sequence of a slide while looking as all the slides which are present, then the best tool to use is the Slide sorter view in Microsoft Powerpoint.

The Slide Sorter gives the user an overview of all the slides that she or he has made consecutively, and allows him or her to change the positions according to his or her desires.

5 0

3 years ago