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3 years ago

The following information pertains to Blossom Company.

Business

1 answer:

melamori03 [73]3 years ago

4 0

Answer:

Explanation:

(A) The preparation of the bank reconciliation statement on July 31, 2017 is presented in the spreadsheet. Kindly find the attachment below:

(B) The journal entries are shown below:

Cash A/c Dr $2,576

To Accounts receivable $,2576

(Being cash is collected)

Bank service charges expense A/c Dr $51

To Cash A/c $51

(Being bank service charges paid)

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Globalization has been driven by five major factors: political, technological, market, cost, and competitive. Business has fuele

maria [59]

Answer:

Competitive Drivers 

Description

Explosive growth in international business

Implication for Business

Intense competition in world markets

Globalization has led to an explosive growth in international.business which has led to increased competition amongst companies because they now have to compete on a global scale against numerous companies in various locales.

Political Drivers 

Description

Preferential trading arrangements and privatization of industries

Implications for Business

Increased opportunities for trade and investment

Some Countries offer great trading agreements this enabling companies to trade in other countries. This opportunity means that there are increased opportunities for trade by companies in the countries involved in the agreement.

Cost Drivers

Description

Exporting or producing Overseas

Implications for Business

Lower Cost of Goods sold

Globalization has enabled companies to be able to produce in cheaper markets for labor such as in Asia and Africa. This has led to a lower cost of goods sold and therefore higher profits.

Technological Drivers 

Description

Explosive growth of high-power, low-cost computing

Implications for Business

Growth in Services.

Driving Globalization is an increased use of technology by human beings. The world is now connected by mere seconds which has enabled companies to derived clients all over the world this enabling them to offer more services.

Market Drivers

Description

Emergence of Global Customers

Implications for Business

New Opportunities and New Markets.

Another factor driving Globalization is the availability of new markets to sell their goods in in different territories. Companies can therefore have an increased demand base which will mean more Profitability.

5 0

3 years ago

According to the market theory of wage determination, under what circumstances will wages for a paticular group be highest?

eduard

The answer to that would be D

3 0

3 years ago

Windsor, Inc. uses a perpetual inventory system and reported $512,000 of inventory at the beginning of the month based on a phys

Lisa [10]

Answer:

--Correct Answer = $ 2,000

Explanation:

the step by step Workings can be seen below

Beginning Inventory $512,000

Add: Purchases $53,000

Less: Cost of goods Sold $48,000

Ending Inventory as per perpetual method $517,000

Less: Ending Inventory as per physical count $515,000

Shrinkage amount $2,000

7 0

3 years ago

Assume that the market for Good X is defined as follows: QD = 64 - 16P and QS = 16P - 8. If the government imposes a price floor

s2008m [1.1K]

Answer:

The total loss in welfare to the economy will be -$32.

Explanation:

By intersecting the supply function QS to the demand function QD, we will find the equilibrium price:

QD = QS

16P - 8 = 64 - 16P

16P + 16P = 64 +8 =

32P = 72

P = $2.00

Replacing the equilibrium price either in QS or QD, we foind the equilibrium quantity:

QS = 64 - 16*2 = 64 -32

QS = 32

In this case the total revenues at the equilibrium price RE will be:

RE = 32 * $2 = $64

On the other hand if the government imposes a price floor at $3.00, then the new total revenues RN will be:

RN = 32 * $3 = $96

Therefore the total losses is find by subtracting the revenue at the goverment price floor RN to the revenue at the equilibrium price RE:

LT = RE - RN

LT = $64 - $96 = -$32

6 0

3 years ago

Hank’s Tax Planning Service bought computer equipment for $19,200 on January 1, 2012. It has an estimated useful life of 4 years

Olegator [25]

Answer:

2. $3600

Explanation:

The computation of the depreciation expense under the Straight-line method: is shown below:

= (Purchase value of computer equipment - residual value) ÷ (estimated useful life)

= ($19,200 - $0) ÷ (4 years)

= ($19,200) ÷ (4 years)

= $4,800

The depreciation that is calculated above is on yearly basis. But on monthly basis, the depreciation should be calculated from January 1, 2012 to September 30, 2012 i.e for 9 months

So, the depreciation would be

= $4,800 × 9 months ÷ 12 months

= $3,600

We assume the deprecation is calculated on the straight-line method

3 0

3 years ago