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Orlov [11]
3 years ago
14

Assume the following data for Casper Company before its year-end adjustments:

Business
1 answer:
Ratling [72]3 years ago
5 0

Answer:

a. Journalize the adjusting entry for the estimated customer allowances.

  • Dr Sales returns and allowances 10,500
  •     Cr Customer refunds payable 10,500

The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500

b. Journalize the adjusting entry for the estimated customer returns.

  • Dr Estimated returns inventory 8,000
  •     Cr Cost of merchandise sold 8,000

This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.

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Unemployment can force the economy into an expansion. True False
astraxan [27]
False
a low rate of economic growth can cause higher unemployment
8 0
3 years ago
Read 2 more answers
Managers take broad strategic plans and turn them into operational blueprints with specific objectives and programs. The manager
Levart [38]

Answer:

c. middle managers

Explanation:

Middle managers -

The person in the business or organisation , who is responsible to manage the subordinate level of managers and then further reports to the manager in the organization or business , is referred to as the middle manager.

The work of a middle manager is supervise the employees , and allot them the work in and then report to the senior manager , in order to maintain a proper hierarchy in the business.

hence , from the given information of the question,

The correct term is middle manager.

7 0
3 years ago
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing what?
Ann [662]

<u>Answer: </u>

Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:

<u>Explanation: </u>

  • For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted.
  • By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.

7 0
3 years ago
Assume an analyst has been hired to estimate the price elasticity of demand for hamburger (which sells for about $2.30 per pound
Pepsi [2]

Answer:

The correct answer is B

Explanation:

Price elasticity of the demand evaluates the demand responsiveness after the change or variation in the product own price.

The formula for computing the coefficient of price elasticity, is the factors which affect the elasticity and also elasticity is vital for business when deciding the prices.

So, Filet mignon(F) sells for $20 per pound when compared to that of hamburger (H) which sells the product for $2.30 per pound. F have the higher price as compare to the H, therefore, the coefficient of the price elasticity of demand in absolute value will be high or larger for F than that of H.

6 0
3 years ago
A manufacturer is contemplating a switch from buying to producing a certain item. Setup cost would be the same as ordering cost.
Luden [163]

Answer:

c. 30 percent lower.

Explanation:

Since the manufacturer is contemplating a switch from buying to producing a certain item while setup cost would be the same as ordering cost, the production rate would be about double the usage rate.

Compared to the Economic Order Quantity (EOQ), the maximum inventory would be approximately 30 percent lower under Economic Production Quantity (EPQ), and higher under EOQ.

5 0
3 years ago
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