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Firlakuza [10]
3 years ago
9

​while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had h

im remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the _____ component of its specific environment.
Business
1 answer:
Virty [35]3 years ago
4 0
<span>The fact that according the </span><span>building inspector </span>the office must be wheelchair accessible as it is a public area illustrates how a company is influenced by the industry regulation component of its specific environment. The industry regulation sets a framework and standards for companies.
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Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made install
Tresset [83]

Answer:

                                        Dr.                  Cr.

Sale

Account Receivable    $300,000

Inventory                                          $210,000

Deffered Gross Profit                      $90,000

Payment Receipt

Cash                             $135,000

Account Receivable                        $135,000

Profit Recognition

Deffered Gross Profit  $40,500

Relaized Gross Profit                      $40,500

Explanation:

On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.

Deferred Profit = $300,000 x 30% = $90,000

Inventory cost = $300,000 - $90,000 = $210,000

Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.

Realized Profit = $135,000 x 30% = $40,500

5 0
3 years ago
The purchase of treasury stock usually restricts the amount of retained earnings available for cash dividends.a. Trueb. False
DerKrebs [107]

The statement, "The purchase of treasury stock usually restricts the amount of retained earnings available for cash dividends." is true .

Option a

<u>Explanation: </u>

The stock in the bank is the term for originally sold securities that the issuing firm has retained. If a corporation sells some of its released and outstanding securities, the sale drastically alters its retained profits.  

As the balance sheet show all remaining earnings and the equity fund, sums available to pay dividends drop. The price of the stock in treasury should be reduced by the retained revenues, which reduce the amounts that the business can dividend to shareholders.

Sometimes a business needs the share-earnings ratio to be improved. If a company bought out many of its own shares, it reduces the number of released and outstanding activities raises the earnings per stake in the company and makes the assets more appealing for buyers.

6 0
3 years ago
What is the present value of a cash flow that begins with $1,500 deposited at the end of year 1 and increases by $500 per year t
blsea [12.9K]

Answer:hahah

Explanation:u are so unsmart hahah lol

8 0
3 years ago
Correll Company, which operates a mail-order clothing business, is physically located in State L. This year, the firm shipped $1
Wewaii [24]

Answer:

Correll Company

a. Yes State R residents who purchased Firm L (out-of-state) merchandise owe use tax on their purchases.

b. State R would collect $1,080,000 additional revenue ($18 million * 6%) if Correll was required to collect the use tax at the point of sale and then remit the tax collected to State R.

Explanation:

a) Data and Calculations:

Cost of merchandise to customers in State R = $18 million

State R's sales and use tax on the purchase and consumption of retail goods within the state = 6%

Amount that Correll could collect for State R = $1,080,000 ($18 million * 6%)

b) Note that Correll (Firm L) collecting the State R use tax does not affect State R residents' legal liability to pay the use tax.  Unfortunately, not many people actually remit their self-assessed use tax.

6 0
3 years ago
Keith offers to sell his home to debbie for $80,000. debbie replies, "your price is too high. i will offer to buy it for $70,000
cestrela7 [59]
<span>Keith offers to sell his home to Debbie for $80,000. Debbie replies, "your price is too high. I will offer to buy it for $70,000." Debbie's response is negotiating with Keith in lower/lesser price of the house. It is also called bargaining of items or anything that prices are high or even fixed price can still be considered and negotiable.</span>
6 0
2 years ago
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