Answer:
The cash paid on June 24 is $8,754.25
Explanation:
The computation of the cash paid is shown below:
= (Merchandise purchase - returned goods) × ( 1 - discount rate)
= ($9,500 - $475) × ( 1 - 0.03%)
= $9,025 × 0.97
= $8,754.25
Since the company paid the amount within the discount period, so it can avail the discount benefit.
We deduct the discount rate from 1 as the percentage value is 100 so that accurate value can come.
Answer: Using television advertising
Explanation:
Push marketing strategy, refers to the strategy whereby take its products to the consumers in order to increase the exposure of the product.
Push marketing simply means pushing the brand through the use of promotions and paid advertisiment. On the other hand, pull strategy draws customers towards the product.
Answer:
The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be $44850.
Explanation:
For computing the cash disbursement the following equation is to be used which is shown below:
= Sales units × variable selling and administrative expense per unit + Fixed selling and administrative expense - Depreciation
= 3,500 × $4 + $35,850 - $5,000
= $14,000 + $35,850 - $5,000
= $44,850
Since all information is given on month basis, so we don't need to change in year basis as we have to calculate for march monthly only.
Hence, all things is to be considered for computing cash disbursement for march month.
Thus, The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be $44850.
A general store in a remote community is an example of a geographic monopoly.