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3 years ago

Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.

Business

2 answers:

Bumek [7]3 years ago

4 0

TRUE

Ewing Marion Kauffman was an entrepreneur who invented a number of new drugs for the healthcare industry.

aleksandr82 [10.1K]3 years ago

3 0

True have a good day :)

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The following transactions are for Kingbird Company.

Llana [10]

Answer:

a. The journal entries to record the transactions woule be the following:

To record the sales

3 dec Debit Credit

Account receivables $473,800

Sales $473,800

To record the cost of goods sold

cost of goods sold $320,000

Merchandise Inventory $320,000

To record the allowance

8 dec Debit Credit

Sales return and allowance $22,800

Accounts receivable $22,800

To record the cash received from the customer

13 dec Debit Credit

Cash $446,490

Sales discount $4,510

Accounts receivable $451,000

Explanation:

a. The journal entries to record the transactions woule be the following:

First we have to prepare the journal entry to record the sales and cost of goods sold according to the given data:

To record the sales

3 dec Debit Credit

Account receivables $473,800

Sales $473,800

To record the cost of goods sold

cost of goods sold $320,000

Merchandise Inventory $320,000

Next we have to Prepare the journal entry to record the allowance as follows:

To record the allowance

8 dec Debit Credit

Sales return and allowance $22,800

Accounts receivable $22,800

Finally we have to Prepare the journal entry to record the cash received from the customer as follows:

To record the cash received from the customer

13 dec Debit Credit

Cash $446,490

Sales discount $4,510

Accounts receivable $451,000

Cash=$451,000-$4,510=$446,490

Sales discount=$451,000*1%=$4,510

Accounts receivable=$473,800- $22,800=$451,000

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3 years ago

I am trying to understand the Opportunity cost. Can anyone help me please? I can't seem to get Economics, I really need help. Yo

sesenic [268]

Basically "Opportunity cost" is what you're going to lose (or have a potential to lose) if you chose a different action than what you're presented with. In the example, you're working for $15 an hour, but if you decide instead to skip a pratrice to go to the fair you're losing out of the $15 an hour you'll be paid and have to pay $9 to go to the fair. All total, you're opportunity costs for that will be $24 (fifteen you would have made plus the nine dollar fee.) This is also assuming, of course, they don't fire/dock you for just skipping work.

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3 years ago

Which of the following are examples of natural barriers to entry? Correct Answer(s) Drag appropriate answer(s) here Smaller comp

andreyandreev [35.5K]

Answer:

These are correct:

Smaller companies with smaller production processes have higher per unit costs than larger companies. - smaller firms find it harder to adopt economies of scale to reduce costs.
Over time, a firm takes control of 85% of the world’s supply of a chemical used in the production of plastic. - the firm has almost total control over a scarce resource, and new competitors have to scramble for the remaning 15%. (note: this is a natural barrier to entry as long as the pharmaceutical company did not collude with the government to reach such a high market share, in said case, it would be an artificial barrier to entry).
Lenders are hesitant to provide funding for new firms that will compete with a large, well-established firm. - a small firm may lack market credibility in the financial markets, because investors are hesitant about the future of the company, or do not expect high rates of return.

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3 years ago

Zirconia Fantasy sells only necklaces. 8 comma 000 units were sold resulting in $ 240 comma 000 of sales revenue, $ 60 comma 00

Naya [18.7K]

Answer:

$66,667

Explanation:

Contribution margin = Sales Revenue - Variable cost = 240000-60000 = 180000

Percentage of contribution margin = Contribution margin / sales revenue = 180000 / 240000 = 75%

Breakevent point in total sales = Fixed costs / Percentage of contribution margin

= 50000/0.75 = $66,667

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3 years ago

Read the following scenario and answer the question in 5 sentences at least.

tamaranim1 [39]

Answer and Explanation:

1. Business implication: if there are no trade barriers, it would enable them get better raw materials for their business and increase customer base

Legal anti trust implication: lobbying is illegal in some countries

2. Business implication: this would attract more manufacturers who were not previously members of the association which would in turn promote the goals of the association in improving trade amongst the manufacturers

Legal anti trust implication: associatio may be exposed to legal examination, example increased regulations

3 business implications:sales territories would invariably create a safe and secure investment for manufacturers such that there is less cost of marketing and campaigning as consumers are guaranteed

Legal implications: this is against anti trust laws and goes against free trade policies and illegal monopoly

4 business implications: boycotting this supplier could create an alternative source of raw materials which wouldn't be as efficient and even cost more

Legal implications: boycotting a large supplier such as this who might have a political backing might bring political retaliations from the supplier's political proxies who might create other regulations in the supplier's favour

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3 years ago