Answer:
The entries are as follows
To record estimated returns on Sales
Debit: Sales Refund Payable Account $131,400
Credit: Accounts Receivables $131,400
To record estimated Cost of Sales returns
Debit: Inventory Returns Estimated Account $77,700
Credit: Inventory on Sales on Returns $77,700
Explanation:
To derive the figure for Sales Refund payable for the year
6% of $2,190,000
= = $131,400
To derive the figure for Inventory cost on Sales Refund payable for the year
6% of $1,295,000
= = $77,700
Answer:
a. restructure
Explanation:
Based on the information provided within the question it can be said that in this scenario Magma will most likely restructure. This refers to the act of a company reorganizing different aspects or structures within a company with the main goal of achieving an efficient flow within the company and making it more profitable.
To know which is more effective, let's just put a fictional number of 100 purchase to test it.
Option A: $2 per person, 60% purchase
Option B: $0.1 per person, 2% purchase
For Option A, cost would be $200 and ended up in 60 purchases
For option B, cost would be $10 and ended up in 2 purchases (if the cost is lifted into $ 200, the purchases is 2 x10 = 20)
Which means option A is more effective.
Answer:
Quarterly dividend = $0.85
Explanation:
Shares are instruments that are used to obtain funds by businesses. Buyers of shares get ownership of part of the company in exchange for their money invested.
As a way to motivate investors to buy, companies quote a dividend payout to investors.
In the given scenario the dividend yield is 4% on a $85 stock
The yield is yearly
Yearly dividend = $85 * 0.04 = $3.4
We are required to get the quarterly dividend
Quarterly dividend = 3.4 ÷ 4
Quarterly dividend = $0.85
<span>A buyer who needs a significant amount of trust with the seller is looking for an affiliative selling relationships.
When trust is an issue, a buyer and seller may join an affiliative selling relationship. By joining in on an affiliative selling relationship both parities are able to be judged if the wrong decision is made. Customers trust both parties and the parties typically are able to build trusting relationships because they wouldn't want to jeopardize their own. </span>