________ is used heavily when introducing a new product category. the objective is to build primary demand.

On Sept 9, Daniels Corporation earns $2,000 by performing consulting services. Their customer said that she would pay next month

anyanavicka [17]

Answer:

The answers are:

A) Consulting revenue should be listed below the debited account as it is credited.

C) Accounts payable is not involved in this transaction.

D) The Consulting revenue account should be indented, as it is credited.

E) The correct account that should be debited is the Accounts receivable account.

Explanation:

4 0

3 years ago

Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,350,000. The buildin

Volgvan

Answer:

Building = $1,340,000

Land = $1,675,000

Furniture and fixtures = $335,000

Explanation:

This is an example of Basket Asset Purchase whereby a number of assets purchased as one package.

Initial value of each asset is are determined by the Basket Asset Purchase based on their relative fair market value as follows:

Building = $3,350,000 × [$2,560,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.4 = $1,340,000

Land = $3,350,000 × [$3,200,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.5 = $1,675,000

Furniture and fixtures = $3,350,000 × [$640,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.1 = $335,000

Therefore, the initial values of the building, land, and furniture and fixtures would be $1,340,000, $1,675,000, and $335,000 respectively.

6 0

3 years ago

A company's beginning Work in Process inventory consisted of 20,000 units that were 80% complete with respect to direct labor. A

zloy xaker [14]

Answer:

Total number of equivalent units= 100,000

Explanation:

Giving the following information:

A total of 90,000 were finished during the period and 25,000 remaining in Work in Process inventory were 40% complete with respect to direct labor at the end of the period.

Weighted-average method:

Units completed= 90,000

Ending inventory= 25,000*0.4= 10,000

Total number of equivalent units= 100,000

3 0

3 years ago

As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to

larisa86 [58]

As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to communicate better with other people, learn about different learning styles, understand diversity and how it pertains to relationship building. By learning skills and focusing on how her communication skills very based on different people are, she is likely to become a better leader. When Meghan understands how to be an effective leader and use her management skills, she will have a better flow in the workplace.

3 0

3 years ago

Integrated carriers (truck-air) like UPS and Federal Express are able to capture a larger market share because they:

Alik [6]

Options :

A. utilize their own aircraft.

B. have extensive ground networks.

C. have accurate, real-time tracking systems

D. all of the above

Answer:

D

8 0

3 years ago

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