Answer:
Explanation:
The journal entries are shown below:
1. Sales revenue A/c Dr $128,000
To Sales return and Allowances $128,000
(Being return sales is recorded)
The computation is shown below:
= Recorded sales × estimated returned percentage - experienced returns
= $10,600,000 × 8% - $720,000
= $848,000 - $720,000
= $128,000
2. Inventory A/c Dr $76,800 ($128,000 × 60%)
To Cost of goods sold $76,800
(Being returned cost of goods sold recorded)
Answer:
The probability more than 72% of the cardholders are carrying a balance is 0.2946
Explanation:
Test statistic (z) = (p' - p) ÷ sqrt[p(1-p) ÷ n]
p' is the sample proportion = 0.72
p is the population proportion = 0.74
n is the number of cardholders sampled = 140
z = (0.72 - 0.74) ÷ sqrt[0.74(1-0.74) ÷ 140] = -0.02 ÷ 0.037 = -0.54
The cumulative area of the test statistic is the probability that less than 72% of the cardholders are carrying a balance. The probability is 0.7054.
Probability (more than 72% of the cardholders are carrying a balance) = 1 - 0.7054 = 0.2946
Answer:
These are the answer choices for the question:
Students do not have good nutritional information.
Soda purchases represent a large fraction of students' budgets.
There are few other places to purchase soda on campus.
The price elasticity of demand for soda is equal to 1.
And this is the correct answer choice:
There are few other places to purchase soda on campus.
Explanation:
If vending machines raise the price of soda by two, by the still sell almost the same amount, this means that they have a monopoly over the selling of soda in campus, and that students continue to buy there because they do not have any other feasible alternatives.
This is the problem with monopolies: they can charge very high prices and still make a profit because they will always have demand, but this very act makes consumers worse off, and reduces general social welfare.
Answer:
c. Critical Path Analysis
Explanation:
Quality management is a set of established business processes that ensure business actions comply with established quality standards. This is reflected in quality of products, the relationship between the entity and all stakeholders.
The tools of quality management are some statistical tools used to check the variability if any of actual output quality from set quality standard with view to effecting necessary control. There are basically 7 tools of quality management which are Scatter Diagram, Control Charts
, Flow-charting
, Histogram
, Pareto chart, Check Sheets, Cause-and-effect diagram
Answer:
<u>Amplified word of mouth.</u>
Explanation:
Word of mouth marketing refers to using customer recommendations for the purpose of advertising so as to accomplish marketing goals.
Usually this form of marketing is spread from one customer to another in the form of recommendations.
For instance, a customer who uses a product and liked it, posts a favorable review on the product site, praising the product. Such a review would influence other prospective buyer and their purchases.
There are two kinds of word of mouth namely, organic and amplified. In the case of former, the review and praises arise out of natural tendency of the customer to recommend the product.
In case of the latter, the marketers launch such campaigns that encourage word of mouth in both existing as well as new communities.
In the given case, the company distributes free samples and seeks feedback of the target customers on the company's blog, which would be visible to prospective customers. The goal being to stimulate positive word of mouth, this method refers to amplified word of mouth.
