Answer:
B) DR Cash 128,000 CR Treasury stock 96,000 CR Paid-in capital from treasury stock 32,000
Explanation:
Based on the information given the correct journal entry to record the resale of treasury stock is to Debit Cash $128,000 Credit Treasury stock $96,000 and Credit Paid-in capital from treasury stock $32,000
DR Cash $128,000
(4000*$32)
CR Treasury stock $96,000
(4000*$24)
CR Paid in capital in excess of par $32,000
(4000*$8)
Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.
<u>Explanation</u>:
When customers do not find what they are looking for at the store, they usually don't return to the store. They just go to some other store and its highly unlikely that they would further suggest the store to anyone.
Thus, to ensure that the store doesn't lose customers because of this reason, the store should encourage their employees to be aware of the latest development in the field and place orders for the same on a regular, preferably weekly, basis.
This way the likelihood of customers not getting what they require from the store becomes very bleak.
Therefore, Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
Pls help or ill fail
BRAINLIST REWARD
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Lisa is ready to go into introduction, the product is just getting on to the market and a low income on these goods are expected as the product is not well known. As time goes on the product will go into the growth stage