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Brut [27]
3 years ago
7

On July 10, Boogie Footware agrees to a contract to sell 800 pair of flapper shoes for $16,000 to Twenties, Inc. On September 1,

after 500 pair of have been delivered, Boogie and Twenties modify the agreement to reduce the price of the remaining 300 pair of flapper shoes to $10 a pair. During September, Boogie delivers 200 pairs of shoes. How much revenue will Boogie recognize for the month of September?
A) $1, 375
B) $2,000
C) $1,625
D) $3,000
Business
1 answer:
V125BC [204]3 years ago
8 0

Answer:

B) $2,000

Explanation:

The revenue to be recognized in September will be dependent on the quantity sold during the month and the unit cost of each item as agreed in the contract. The product of the unit cost of a pair  and the number of units delivered.

Given that Boogie delivers 200 pairs of shoes at $10 per pair, the total revenue to be recognized

= 200 * $10

= $2,000

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2 years ago
A direct mailer falls under the category of sales, not marketing.<br><br> True<br> False
Len [333]

Answer:

False.

Explanation:

A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.

<em>Hence, a direct mailer falls under the category of marketing, not sales.</em>

3 0
3 years ago
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Deffense [45]

Answer:

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Explanation:

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I used MS Excel solver to find this result, please download the excel spreadsheet attached to this answer.

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7 0
3 years ago
On September 30, Silver Corporation, a calendar year taxpayer, sold a parcel of land (basis of $400,000) for a $1 million note.
nadya68 [22]

Answer:

Sam must report $700,000 distribution from Silver on his Income report.

Explanation:

The sale of the land is made by the corporation and the corporation is a tax payer therefore any gains and losses are for the company to pay tax on.

The deficits in the E&P are for Silver to take into account when about to pay taxes.

The basis of $200,000 is not income but cost and subtracted on the distribution income as is for Sam.

6 0
3 years ago
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Dominik [7]

Answer:

preparation and planning skill.

knowledge of the subject matter being negotiated.

ability to think clearly and rapidly under pressure and uncertainty.

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listening skill.

judgment and general intelligence.

integrity.

ability to persuade others.

Thank you

7 0
2 years ago
Read 2 more answers
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