Answer:
b. $3,000
Explanation:
According to the above information, the following data are given
Credit sales = $100,000
Uncollectible percentage = 3%
So, after the adjustment by using allowance method, Bad debt expense can be calculated as;
Bad debt expense = Credit sales × Uncollectible percentage
= $100,000 × 3%
= $3,000
Answer:
A.$42,700 increase
B. Yes
Explanation:
A.
Selling price unit $30
Variable cost unit ( 21)
Logo ( 2)
Contribution margin unit $ 7 x 6,100 units = $42,700 increase
Therefore the increase in net income Maize will realize by accepting the special order, assuming Maize has sufficient excess operating capacity is $42,700
(b) Should Maize Company accept the special order?
YES. Maize company should accept the special order.
Answer:
Rise in stock price.
Explanation:
In general, the stock price has increased because the expected earning was $0.52 per share but the actual earnings were $0.83. therefore, we can say that stock prices have increased. moreover, there are other factors that may affect the stock price. But in this case. A positive surprise in the earnings per share results in stock price going up.
Answer: B. withdrawing funds from the account for the custodian's use
Explanation:
Under the Uniform Gifts to Minors Act, the Custodian's duty is to manage the account for the minor and allocate the assets within in such a way that it will bring about the best returns for the minor.
Custodians should not abuse this power for their own benefit or gain which is why the custodian withdrawing funds from the account for their own use is a violation of the act.
Answer:
The students are the users in the buying center
Explanation:
Even though the students are the one buying the books directly, it is imperative that their feedback are taken and factored into future editions such that the book capture their yearnings not necessarily in the area of syllabus content but in areas relating to features that make reading enjoyable such as graphic designs, placing quiz answers at the back of the text and not immediately after the end of the chapter and so on.
This way all stakeholders including the students are given a sense of belonging by the publisher.
