In indirect competition, this involves two or more businesses that provide different kinds of products and services but may satisfy the need of the same consumers. In Regina's case, indirect competition is significant because even though they have different products, this would still satisfy the same customer. The answer is option C.
Answer: D: The telegraph
Explanation:
The telegraph, though it definitely added to the possibilities for economic growth, did not lead to as many immediate applications to industrialization as the other three choices.
Answer:
A. True
Explanation:
In the case when the payment is arise or occur either at the starting of the period or at the closing of the period, so the time line could be constructed for the annuities purpose
Therefore the given statement is true
That means the given statement cannot be false
Hence, the correct option is a.
Answer:
Days' sales in inventory = 24 days.
Explanation:
We know,
Days' sales in inventory = 365 ÷ Inventory Turnover
Given,
Inventory Turnover = Cost of goods sold (cost of merchandise sold) ÷ Average inventory
Inventory Turnover = $2,100,000 ÷ $140,000
Inventory Turnover = 15 times
Therefore,
Days' sales in inventory = 365 ÷ 15 times
Hence, Days' sales in inventory = 24.33 days
Days' sales in inventory = 24 days.
Days' sales in inventory indicates that within 24 days, the company can sell the inventory.
Answer:
Part a
Debit : Accounts Receivable - Vargas Co. $148,600
Debit : Cost of Sales $89,160
Credit : Sales Revenue $148,600
Credit : Merchandise $89,160
Part b
Debit : Freight Expenses $2,100
Credit : Cash $2,100
Part c
Debit : Cash $133,740
Debit : Discount allowed $14,860
Credit : Accounts Receivable - Vargas Co. $148,600
Explanation:
A corresponding cost of sales must be recorded each time a sale is made. The freight costs are company costs for Sievert Co. and will be expensed in the income statement.
The payment due is at 90 % after the discount of 10% given that the payment is made within the credit term of 30 days.