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Mars2501 [29]
3 years ago
7

19 Sold merchandise that cost $800 to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated Jul

y 19. 21 Gave a price reduction (allowance) of $200 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount. 24 Paid Leight Co. the balance due, net of discount. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount.
Business
1 answer:
EleoNora [17]3 years ago
6 0

Answer:

Accounts Receivables 1200 debit

Sales Revenues  1200 credit

--to record purchase--  

COGS  800 debit

Inventory  800 credit

--to record cost of goods sold  

sales allowance & returns 200 debit

accounts receivables  200 credit

--to record sales allowance--  

Cash                                 980 debit

sales allowance & returns 20 debit

       Accounts receivables        1,000 credit

--to record collection within discount date--

Explanation:

We record making debit = credit

we also consider that we are working with perpetual inventory thus, the discount granted and allowance will later decrease the net sales figure.

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Suppose net exports decreases by $100 million due to a slump in foreign economies. If the value of the multiplier is 2, what hap
iVinArrow [24]

Answer:

It shifts to the left by $200 million at each price level

Explanation:

Given that,

Multiplier = 2

Net exports decrease by $100 million

Change in aggregate demand  is calculated as follows:

Multiplier = Change in Aggregate Income (ΔY) ÷ Change in Exports (ΔX)

2 = ΔY ÷ (-$100)

ΔY = -$200

Therefore, the national income will fall by -$200 and hence the aggregate demand will fall by -$200 . Hence, the aggregate demand curve will shift to the left.

3 0
3 years ago
If your company’s product is mobile phones, do you think it would make better strategic sense to employ a multidomestic strategy
Blababa [14]

A global strategy would be appropriate since most mobile phones are constructed to work globally and buyer needs across the world are relatively universal.

Companies adopting cross-border strategies are seeking a middle ground between multilateral and global strategies. Such companies try to balance the desire for efficiency with the need to adapt to local tastes in different countries.

Unlike the Strategy, the Global Strategy is centralized and managed from headquarters, seeking to maximize global efficiency. With this strategy, the products are much more standardized than tailored to the local market.

Four major global strategies form the basis of the organizational structure of a global company. These are domestic exporters, multinationals, franchisors, and multinational corporations. Each of these strategies is pursued with a specific operational organizational structure

Learn more about strategic at

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4 0
2 years ago
Are you going to get Paramount plus?
Andrew [12]
An waste of money you can get better stuff
4 0
2 years ago
Read 2 more answers
Oriental Foods Inc. is a multinational food and beverage company. Its product labels focus on being foods that are easy to make
Natali5045456 [20]

Answer:

Persuasive labelling

Explanation:

Persuasive labelling is a type of product packaging or appearance that focuses on a promotional theme.

The aim is to increase consumer loyalty and ultimately increase sales.

I'm the given scenario Oriental Foods Inc. uses product labels that informs consumers that the foods are easy to make in 5 minutes or less for a complete meal that's great for lunch or a snack.

This is persuasive labelling

5 0
3 years ago
Speedy Bikes could sell its bicycles to retailers either assembled or unassembled.
Feliz [49]

Answer:

Speedy Bikes

a. Incremental Analysis for the sell-or-process-further decision:

                                                       Cost of an              Cost an    Difference

                                                   unassembled bike  assembled bike

                                                     Alternative 1          Alternative 2 Increment

Sales price of unassembled bike      $450                     $495           $45

Manufacturing cost per unit              $290                      $312            (22)

Net operating income                        $160                       $183           $23

b. Speedy should process the bikes further.

c. It will generate an incremental net operating income of $23 per bike.

Explanation:

a) Data and Calculations:

                                                       Cost of an              Cost an

                                                   unassembled bike  assembled bike

Direct materials                                    $150                      $155

Direct labor                                               70                         80

Variable overhead (70% of direct labor) 49                         56 ($80 * 70%)

Fixed overhead (30% of direct labor)      21                          21

Manufacturing cost per unit               $290                      $312

7 0
2 years ago
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