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3 years ago

Discuss how geographics can influence consumer purchasing decisions

1 answer:

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A surf board shop for example. If you lived in a place like Ohio you’re not gonna have very many sales because there’s no ocean or surf parks near by. But if you lived somewhere like California you’re sales would be much better.

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Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e

eduard

Answer:

Great Adventures

a) Adjusting Entry for Uncollectible Accounts:

Date General Journal Debit Credit

Jun. 30 Uncollectible Expense $2,320

Allowance for Uncollectibles $2,320

To provide 8% allowance for uncollectibles.

b) To accrue one month of interest on the note receivable:

Date General Journal Debit Credit

Jun. 30 Interest Receivable $40.83

Interest on Notes $40.83

To accrue one month of interest.

c) GREAT ADVENTURES, INC.

Partial Balance Sheet as at June 30, 2022

Assets

Current Assets:

Accounts Receivable $29,000

less allowance for uncollectibles 2,320

Net Accounts Receivable $26,680

Explanation:

a) Accounts Receivable

Date Description Debit Credit Balance

Feb. 25 Kr. Kendall's Boys Scout $4,000 $4,000

Feb. 28 Cash $3,840 160

Feb. 28 Cash Discount 160 0

Mar. 19 Reynold 5,000 5,000

Mar. 27 Cash 4,800 160

Mar. 27 Cash Discount 200 0

Apr. 7 Cash 8,500 (8,500)

Apr. 14 Elks Lodge 8,500 0

Apr. 30 Myers Manufacturing 7,000 7,000

May 31 7% Note Receivable 7,000 0

Jun. 15 MBA Groups 29,000 29,000

b) Allowance for uncollectibles = $29,000 x 8% = $2,320

c) Interest on Notes = ($7,000 x 7%)/12 = $40.83

3 0

3 years ago

Which of the following would be considered a subtopic for a mind map?

snow_lady [41]

Answer:

Free youngboy

Explanation:

and blogging would be considrerd the sub

3 0

3 years ago

Read 2 more answers

Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350

Setler [38]

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

6 0

3 years ago

You are considering two independent projects. Project A has an initial cost of $125,000 and cash inflows of $46,000, $79,000, an

vitfil [10]

Answer:

Accept Project A and reject Project B

Explanation:

See the images to get the answer.

Decision: Required rate of return = 16% = Cost of capital.

If Internal rate of return (IRR) > the cost of capital = Accept the project.

If Internal rate of return (IRR) < the cost of capital = Reject the project.

From the basis of the formula, we can accept the project A because the IRR of Project A (19%) is higher than the cost of capital (16%). On the other hand, we can reject the project B because the IRR of Project B (14%) is smaller than the cost of capital (14%).

8 0

3 years ago

Suppose you are the Purchasing Manager for a large chain of restaurants in the United States, and you need to make your semiannu

mrs_skeptik [129]

Answer with Explanation:

Requirement 1.

The US import will increase by $1,500,000 due to purchase of indian tea product and this import of tea would result in increase of capital outflow as the Net export particular to importation is negative hence capital outflow is genuine effect.

Requirement 2.

The Net exports can be calculated as under:

Net Exports = Exports - Imports = 0 - $1,500,000 = - $1,500,000

The US Net Exports would decrease by $1,500,000.

4 0

3 years ago