Incomplete question. The full question read;
Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.
When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?
Answer:
<u>$704.50</u>
Explanation:
First, we need to note which transactions are credit transactions, and which is a debit transaction. <em>Remember</em>, a<u> credit transaction</u> basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.
Malcolm's credit transactions:
- ATM receipt for an $80.00 deposit
- paycheck deposit slip for $650.00
Total: <u>$730.</u>
Malcolm's debit transactions:
- grocery store receipt for $25.50
Total: $25.50
Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).
Answer:
The correct answer is drop shipper.
Explanation:
Drop shipping can be defined as one of the supply chain management method where the vendor does not stock any product.
In drop shipping when a vendor gets any order from the customer, the vendor forwards it to the third party for order fulfillment and then ships the product directly from the third party to the customer by the name of the vendor.
According to the scenario, techilex does not store any product but only facilitates delivery for the products shows the drop shipping type of business.
Answer:
$5100
Explanation:
The cost of the inventory in $25000 and the cost of shipping it to the consignee, $500.
The cost of marketing brochures an comissions are recognized as expense and do not affect inventory. If 80% of the inventory was sold, 20% remains, which will have a carrying value of $25,500 X 20% = $5100
Answer: Intangibility, inseparability, variability, and perishability
Explanation:
What makes your business stand out is what you do differently from the rest. In the business world, virtually everyone is doing the same thing, and at the end of the day fight over same customers, but have a unique selling point helps your business stand out. This unique selling poi t is what drives your marketing strategy, which should be Intangibility, inseparability, variability, and perishability. Your unique selling point is made very loud in your message, telling people why they need to use you. An example is Coca-Cola, they've been in the market for a long while, selling their business and creating that message in people's mind that they are exceptional.
Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
