Answer:
The answer is
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Explanation:
The yearly interest rate is 10%
So the interest rate for 90 days(assume 360 days make a year?
90/360 x 10%
2.5% is the interest rate for 90 days.
The interest payment for 90 days will be;
2.5% x $4,800
= $120
The entry will now be:
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Answer:
buyer; seller
Explanation:
A "debit memorandum" is also known as a "debit memo." It is often a notification to the buyer or customer that <em>debit adjustments</em> were made to their bank accounts.
However, if the buyer returns the goods to the seller due to any reasons (such as damaged goods or incorrect goods), the buyer issues the debit memo. This will notify the seller that a debit has been made to his account in the buyer's records. It also means that <em>the buyer is requesting for a return of funds from the seller.</em>
So, this explains the answer.
Answer:
The correct answer is B. using technology to stay responsive to customer needs.
Explanation:
The use of technologies in companies is increasingly common in order to achieve an improvement in operation. This strategy allows having up-to-date information about any organizational area, as well as sales behavior in order to make investment decisions that allow the correct use of resources and the generation of profits. What is shown in the statement is that World Spice Market relies 100% on technology in order to determine the sales process, starting from the display case to the sale to the buyer.
Answer:
a) Under the FIFO method:-
ROI = 15.49%.
Under LIFO method:-
ROI = 13.2%
Explanation:
ROI = Net Income * 100 / Avverage assets.
a) Under the FIFO method
ROI = 15.49%.
Under LIFO method
ROI = 13.2%
Net income Under LIFO= Net income under FIFO-Increased cost of goods sold
= $219017-$36,220= $182797.
Average assets under LIFO= Average assets under FIFO-Average assets that are less under LIFO
= $1413720 - $31,640= $1382080.
HEY THERE WHATS UP
THE ANSWER IS:<span>C. lower prices and more goods.
HOPE IT HELPS</span>