Answer:
you cannot journalize these transactions. you can prepare an income statement which is not the same:
Sales revenue $393,500
Sales discounts ($8,800)
Sales allowances ($18,600) <u> ($27,400)</u>
Net sales revenue $366,100
Cost of goods sold <u>($205,200)</u>
Gross profit $160,900
Operating expenses:
Rent ($33,000)
Freight out ($8,200)
Insurance ($13,600)
Salaries ($60,200) <u>($150,000)</u>
Operating income $10,900
Income taxes <u>($5,300)</u>
Net income $5,600
Other comprehensive income <u> $2,000</u>
Total income $7,600
Answer:
High prices
Explanation:
High prices are a term that describes the expensive value of products in comparison with other similar products or the raw materials used in the production. However, with the increase in the price of a product, the quantity supplied increases as well. This will result in the following:
1. High profits
2. Attraction to create additional products.
3. Increased revenues
4. More capacity of companies to buy more raw materials
5. Capacity to employ more worker
Hence, the right answer is HIGH PRICES
Answer: (C) Middle of the roaders
Explanation:
According to the given scenario, both of the companies are middle of the roaders as both holiday Inn and the sears are acing the difficulties in their perceived value, lowest in the cost and also in the market segments.
The main aim of the middle of the roaders is to target the consumers in the middle range of the spending or we can say that income.
The middle of the roaders is the term which is used to refers to the action that is typically in the midway between the two different type extremes and it basically focuses on the niche marketing segments.
Therefore, Option (C) is correct answer.
Answer: a) The court found that the advertisements were not inherently misleading. However, it did find that regulating the advertisement in question was more extensive than necessary to protect the public interest.
Explanation: An advertisement is a notice or action promoting a product or service and soliciting patronage.
When there is no regulation of an advert, abuse is expected. Protecting the public interest is important as advertisement may be misleading if there are no extensive rules.
In a situation whereby the mechanics advertisement was found not to be inherently misleading, a different verdict may have been given.
