Answer:
Marigold Corp.
The amount received from Bramble is $4,508.
Explanation:
a) Computation of Amount Received:
Jan. 15 Sales = $5,700
Jan. 20 Returns (1,100)
Balance due $4,600
Jan. 24 discount ($92)
Cash collected $4,508
b) Discount allowed = 2% of $4,600 = $92
c) This is in accordance with the trade terms 2/10, n/30, which allows a cash discount of 2% if payment was made within 10 days from the date of purchase, with the last allowed credit within one month. From January 15 to January 24 is 10 days. So, the cash discount of 2% applies on the balance due after the sales returns.
Answer: Spreadsheets
Explanation: Spreadsheets allow you to
foresee and edit data, while also seeing
the past data to help towards ones
future business goals.
Answer:
Kindly check explanation
Explanation:
Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :
The advantages include:
1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.
11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.
The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.
Answer:
1. M1 and M2
2. M2
3. M2
Explanation:
M1 and M2 are the monetary aggregates.
M1 includes = Currency with the public + Demand deposits + Other deposits with the RBI
M1 is most liquefied among all of the monetary aggregates because it includes cash and other highly liquefied assets.
M2 includes = M1 + Post office savings deposits + non-institutional money market fund + small time deposits
1. The withdrawal from the bank reduces the M1 and we know that M1 is a component of M2, so M2 also falls. Therefore, this transaction belongs to both M1 and M2.
2. Certificate of deposits of $8,000 for a two year is a component of M2 monetary aggregates because small time deposits are a part of M2.
3. The amount of money as the non-institutional money market funds is a part of M2.
The stock market provides a larger return if you know what you are doing and have a proper plan. Real estate can offer steady results but you might not receive the necessary return fast enough in order to cope with inflation