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andriy [413]
3 years ago
7

Suppose the owners of Lopes and HomeMax meet for a friendly game of golf one afternoon and happen to discuss a strategy to optim

ize growth-related profit. If they both agree to cooperate on a strategy that maximizes their joint profits, annual profit will grow by a. $0.4 million for Lopes and by $3.4 million for HomeMax. b. $1.0 million for Lopes and by $1.5 million for HomeMax. c. $2.0 million for Lopes and by $2.5 million for HomeMax. d. $3.2 million for Lopes and by $0.6 million for HomeMax.
Business
1 answer:
Amiraneli [1.4K]3 years ago
3 0

Answer:

c. $2.0 million for Lopes and by $2.5 million for HomeMax.

Explanation:

For the problem above, the two organizations agreed to work on a particular project because they believed that they will benefit from the outcome of the project. Based on the available information provided in the question, the profit that Lopes will make yearly will increase by $2.0 million while that of HomeMax will increase by $2.5 million.

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Enterprise car rental agency differentiates itself from other similar agencies by providing a delivery service. This delivery se
adoni [48]

Answer:

Possession utility

Explanation:

Form utility involves changing raw materials or putting parts together to make them more useful. It deals with marketing or producing things.

Types of utility:

-Place utility. Having a product where customers can buy it.

-Time utility. Having a product available at a certain time.

-Possession utility involves making it easier for a customer to own a product by offering credit terms, loans, etc.

It is created by transfer of physical possession and ownership of a product to a customer.

-Information utility. Is the communication with the consumer.

8 0
3 years ago
. In an income statement segmented by product line, the salary of the corporation chief executive officer (CEO) should be: a. al
Alexxx [7]

Answer:

d. classified as a common fixed expense and not allocated to the product lines.

Explanation:

In the case when the income statement is segmnented by the product line so the salary of the  chief executive officer (CEO) would be categorized as a common fixed expenses as it has fixed in a nature so it would not be allocated to the product lines

Therefore as per the given situation, the option D is correct

Hence, the same is to be considered

8 0
2 years ago
At the beginning of the current season on April 1, the ledger of Sandhill Pro Shop showed Cash $2,950; Inventory $3,500; and Com
MA_775_DIABLO [31]

Answer:

Sandhill Pro Shop

Journal Entries:

Apr. 5: Debit Inventory $2,500

Credit Accounts Payable (Arnie Co.) $2,500

To record the purchase of goods on account, terms 2/10, n/60.

Apr. 7: Debit Freight-in $80

Credit Cash $80

To record the payment for freight on goods.

Apr. 9: Debit Accounts Payable (Arnie Co.) $700

Credit Inventory $700

To record the return of goods on account.

Apr. 10: Debit Accounts Receivable $1,340

Credit Sales Revenue $1,340

To record the sale of goods on account, terms n/30.

Debit Cost of goods sold $920

Credit Inventory $920

To record the cost of goods sold.

Apr. 12: Debit Inventory $1,050

Credit Accounts Payable (Woods Sportswear) $1,050

To record the purchase of goods on account, terms 2/10, n/30.

Apr. 14: Debit Accounts Payable (Arnie Co.) $1,800

Credit Cash $1,764

Credit Cash Discounts $36

To record the full settlement on account.

Apr. 17: Debit Accounts Payable (Woods Sportswear) $50

Credit Inventory $50

To record the return of goods on account.

Apr. 20: Debit Accounts Receivable (Members) $910

Credit Sales Revenue $910, terms n/30.

To record the sale of goods to members.

Debit Cost of goods sold $550

Credit Inventory $550

To record the cost of goods sold.

Apr. 21: Debit Accounts Payable (Woods Sportswear) $1,000

Credit Cash $980

Credit Cash Discounts $20

To record full settlement on account.

Apr. 27: Debit Sales Allowances $70

Credit Accounts Receivable (Members) $70

To record the sales allowances granted members for improperly fit clothing.

Apr. 30: Debit Cash $1,400

Credit Accounts Receivable (Members) $1,400

To record the receipt of cash from members on account.

Explanation:

a) Data and Analysis:

Apr. 5: Inventory $2,500 Accounts Payable (Arnie Co.) $2,500, terms 2/10, n/60.

Apr. 7: Freight-in $80 Cash $80

Apr. 9: Accounts Payable (Arnie Co.) $700 Inventory $700

Apr. 10: Accounts Receivable $1,340 Sales Revenue $1,340, terms n/30.

Cost of goods sold $920 Inventory $920

Apr. 12: Inventory $1,050 Accounts Payable (Woods Sportswear) $1,050, terms 2/10, n/30.

Apr. 14: Accounts Payable (Arnie Co.) $1,800 Cash $1,764  Cash Discounts $36

Apr. 17: Accounts Payable (Woods Sportswear) $50 Inventory $50

Apr. 20: Accounts Receivable $910 Sales Revenue $910, terms n/30.

Cost of goods sold $550 Inventory $550

Apr. 21: Accounts Payable (Woods Sportswear) $1,000 Cash $980 Cash Discounts $20

Apr. 27: Sales Allowances $70 Accounts Receivable $70

Apr. 30: Cash $1,400 Accounts Receivable (Members) $1,400

3 0
3 years ago
Waste includes any misuse of resources, such as the overuse of services or other practices that directly or indirectly result in
tekilochka [14]

Answer:

True

Explanation:

5 0
3 years ago
Based on the above table, which services-providing industry gained the most jobs between 1996 and 2006?
guajiro [1.7K]
Its B, Professional and business services. I just took the test.
7 0
3 years ago
Read 2 more answers
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