Answer:
Part a
Debit : Accounts Receivable $18,000
Debit : Cost of Sales $10,800
Credit : Sales Revenue $18,000
Credit : Inventory $10,800
Part b
Debit : Cash $16,200
Debit : Discount allowed $1,800
Credit : Accounts Receivable $18,000
Part c
Debit : Accounts Receivable $600
Credit : Cash $600
Explanation:
The perpetual method calculates the cost of sales for each transaction made.
See the journals prepared as above
Answer:
The division's Return on Investment (ROI) is 180%
Explanation:
The computation of the return on investment is shown below:
= (Operating income) ÷ (total assets) × 100
= ($1,800,000) ÷ ($1,000,000) × 100
= 180%
The return on investment shows a relationship between the operating income and the total assets / investment.
The other information which is given in the question is not consider in the computation part. Hence, ignored it
Natalie is a Certified Management Accountant after getting a certification from the Institute of Management Accountants.
<h3>What is a CMA course?</h3>
CMA is a professional course of studying in advanced management accounting. After completing this course, an individual is known to be a Certified Management Accountant.
The Institute of Management Accountants is an independent body that issues a certification relating to advanced accounting. It is a globally acceptable professional degree issued to an individual who clears all the examinations under CMA course.
Therefore, after getting the certification from IMA she is known to be a CMA, that is, Certified Management Accountant.
Learn more about the CMA course in the related link:
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Answer:
The both firms lose and the consumers gain
Explanation:
This scenario paints the picture of a Price war.
A price war is a competition strategy known by repeatedly cutting prices below those of competitors.
As a competitor lowers its price, then others will lower their prices to match.
Eventually, price wars are beneficial to the buyers who are consumers, who can take advantage of lower prices.
Price cutting is not good for any of the competing companies involved because the lower prices reduce profit margins and can threaten their survival.
If this practice of price reduction continues the monopoly profits are erased, and the smaller, more marginal or less efficient firms cannot compete and must close.