I think it’s D I don’t know if I’m wrong or right but D sounds right
Answer:
A journal is provided as an attachment to record the entries for Perez Computers.
Explanation:
The gross method of cash discounts assumes that the customer will not take advantage of the offered discount. It therefore records the sale in full without netting off the discount element. This was done in the answer.
When Robertson paid within 10 days, the 3% cash discount was allowed since payment was received within the terms of 15 days.
For The Clark Store, there was no discount because payment was received later than the allowed 10 days.
Answer:
40%
Explanation:
Oriole company has an actual sales of $1,100,000
The break even sales is $660,000
Therefore, the margin of safety can be calculated as follows
= Actual sales-break-even sales/actual sales
= $1,100,000-$660,000/$1,100,000
= $440,000/$1,100,000
= 0.4×100
= 40%
Hence the margin of safety is 40%
Answer:
Explanation:
What is given:
Budgeted overhead = 175,500
Budgeted labour hours = 13,000
So Budgeted overhead per hour = 175500/13000 = 13.5
Actual labor hours = 14,500
Amount of manufacturing overhead allocated for the year based on direct labour hours = 14,500*13.5 = 195,750
Option C
Costly to imitate criteria for sustainable competitive advantage
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Explanation:</u></h3>
Sustainable competitive advantages are business assets, properties, or skills that are hard to replicate or exceed; and render a higher or complimentary long term situation over competitors. A company must produce distinct goals, plans, and methods to create a sustainable competitive advantage.
It needs huge expenditure in time and money to create a brand. It demands very limitedly to destroy it. A good brand is precious because it prompts customers to favor the brand over competitors. A unique product or service increases customer support and is less suitable for a competitor to imitate.
