Answer:
$1,444,000
Explanation:
Given the data as seen below,
Over applied manufacturing overhead = $16,000
Raw materials inventory= $80,000
Finished goods inventory = $120,000
Work in process inventory = $200,000
Cost of goods sold = $1,460,000
Therefore, the amount Howe will report as cost of goods sold after it disposes off its overhead applied will be;
= Cost of goods sold - over applied manufacturing overhead
= $1,460,000 - $16,000
= $1,444,000
Answer:
If the product we are selling has an elasticity of 1.6 we should lower the price to increase revenues
Explanation:
Elasticy in demand above 1 means that are elastic goods. So the percentage in the rise in the quantity demanded is superior to the percentage in the fall of the price, so it will increase revenues.
After the sale, salespeople should only follow up with the buying center members who are directly involved in the use of the product.
The members of the buying center will be responsible for making decisions regarding variables that allow the monitoring of factors such as:
- Direct buyback
- New task
- Modified buyback
- Product type
This monitoring will help to understand consumption and satisfaction trends so that the purchase and sales strategy is carried out more effectively and aligned.
Therefore, salespeople should follow up after the sale only with buying center members, who will provide them with guidance to make more sales of certain most consumed products.
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Using the straight-line method, depreciation for 2024 and book value on december 31, 2024, would be: Same
<h3>Define Straight-line method .</h3>
A technique of calculating periodic Depreciation that entails deducting the scrap value from the cost of a depreciable asset and dividing the resulting amount by the projected number of periods of usable life of the asset.
The cost of an item is evenly dispersed across the period of time it will be utilized, or its "useful life," using straight-line depreciation. It simply needs three inputs to calculate: the asset's cost, its usable life, and its anticipated salvage value, which is how much the item will probably be worth .
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Sales journals use to record company transactions.
The sales journal sometimes referred to as the credit sales journal, is used to file all income made on account. The sales magazine for the Fortune save is shown underneath. all of the income on account for June are proven in this journal; cash sales are recorded in the coins receipts journal.
A sales journal is a subsidiary ledger used to shop specified sales transactions. Its primary motive is to eliminate a supply of excessive-quantity transactions from the overall ledger, thereby streamlining the general ledger.
The sales journal (additionally referred to as income book and income day e-book) is a special journal that is used to record all credit sales. every transaction that is entered in sales magazine basically outcomes in a debit to accounts receivable account and a credit to an income account.
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