Answer:
e. trialability
Explanation:
Trialability is the ability to give an idea, process, product, or system a trial before making a final decision.
It indicates the degree to which a product or innovation can be experimented by the customer before they finally buy.
Warby Parker has leveraged on this strategy by allowing customers browse frames on Warby Parker’s website and select five pairs they would like to try on before buying—or not. Warby Parker handles all the shipping costs and provides all the return packaging
Answer:
Explanation:
1.
Petty Cash (200-50.6) Dr.$149.4
Cash Cr.$149.4
Freight In Dr. $58.4
Postage Dr.$40
Balloons Expense Dr.$20
Meals Expense Dr.$25
Cash Cr.$143.4
2. Petty Cash Dr.$50
Bank/Cash Cr.$50
Answer:
(i) $34,200
(ii) $55,860
(iii) $23,960
Explanation:
Total sales = $ 240,000 + $392,000 + $168,000
= $800,000
Department 1:
sales = $240,000
Percent of total = sales ÷ Total sales
= $240,000 ÷ $800,000
= 0.3
Allocated amount = % of total × advertising to allocate
= 0.3 × $114,000
= $34,200
Department 2:
sales = $392,000
Percent of total = sales ÷ Total sales
= $392,000 ÷ $800,000
= 0.49
Allocated amount = % of total × advertising to allocate
= 0.49 × $114,000
= $55,860
Department 3:
sales = $168,000
Percent of total = sales ÷ Total sales
= $168,000 ÷ $800,000
= 0.21
Allocated amount = % of total × advertising to allocate
= 0.21 × $114,000
= $23,940
68000 is what they have left
Answer:
1. Expense recognition or Matching principle
2. Historical cost principle
3. Economic Entity principle
Explanation:
1. The expense recognition or matching principle states that each expense should be recorded whenever the revenue is recognized or whenever the expenses are recognized. As AstroTurf company recognizes the cost of goods sold when the manufacturing process is completed, the company is violating the expense recognition principle.
2. The historical cost principle states that the cost of any non-current assets (tangible or intangible) should be valued at their purchase price or cost price. However, McCloud Drug company showed the Patent as market value in the balance sheet. Hence, the company is violating the historical cost principle concept.
3. According to the economic entity principle, one of the vital underlying assumptions, the economic activity of the business should be separated from its owner or manager or chairman or all other economic entities. As Philips company paid the mortgage of its president and showed it as a miscellaneous expense of the company's income statement, they violated the economic entity principle by not separating it.
