Answer:
Date Account titles and explanation Debit Credit
May 20 Cash ($6,200 - $310) $5,890
Credit card expenses ($6,200*5%) $310
Sales $6,200
(To record the deposit)
Strategy is a sustainable and dominant market share the set of actions a firm takes to achieve a competitive advantage.
<h3>What is Competitive advantage strategy?</h3>
Competitive advantage can be explained as factors that influence a company to produce goods or services and be able to stand out compare to her other company in that industry.
These advantages help the company to be able to produce and generate more sales compared to its market rivals.
Learn more about competitive advantage at:
brainly.com/question/9067127
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Answer:
(i) 2.71 years
(ii) 5.38 years
(iii) Never or 0
Explanation:
1. Payback period:
= Initial cost ÷ cash inflows
= 1625 ÷ 600
= 2.71 years(Approx).
2. Payback period:
= Initial cost ÷ cash inflows
= 3225 ÷ 600
= 5.38 years(Approx).
3. The payback period for an initial cost of $5,100 is a little trickier.
Notice that the total cash inflows after eight years will be:
= 8 × $600
= $4,800
Payback period
= Initial cost ÷ cash inflows
= 5100 ÷ 600
= 8.5
This answer does not make sense since the cash flows stop after eight years, so again, we must conclude the payback period is never.
<span>The Fair Debt Collection Practices Act</span>
Answer:
B. $489,600
Explanation:
The computation of thee gross profit is shown below:
= Net sales - Net cost of goods sold
where,
Net sales = Total sales - sales return
= $850,000 - $34,000
= $816,000
Net cost of goods sold = Cost of goods sold - merchandise return
= $340,000 - $13,600
= $326,400
Now put these values to the above formula
So, the value would be equal to
= $816,000 - $326,400
= $489,600
