1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
hichkok12 [17]
3 years ago
11

Cost of Merchandise Sold Based on the following data, determine the cost of merchandise sold for July: Increase in estimated ret

urns inventory $29,600 Merchandise inventory, July 1 49,300 Merchandise inventory, July 31 94,600 Purchases 985,500 Purchases returns and allowances 33,500 Purchases discounts 19,700 Freight in 13,800.
Business
1 answer:
Dvinal [7]3 years ago
4 0

Answer:

$873,200

Explanation:

The computation of the cost of merchandise sold is shown below:

= Merchandise inventory, July 1  + Purchases - Purchases returns and allowances - Purchases discounts - Freight in - Merchandise inventory, July 31

= $49,300 + $985,500 - $33,500 - $19,700 - $13,800 - $94,600

= $873,200

We simply added the purchase amount and deduct all other items except Increase in estimated returns inventory to the opening balance of merchandise inventory

You might be interested in
You invest $3,500 at 10% compounded annually for 3 years. How much will your investment be worth in 3 years
aniked [119]

Answer:

Your total balance after 3 years would be $4,658.5 with a total compounded interest of $1,158.5

5 0
2 years ago
marquis suites shows movies in a living room atmosphere with comfortable chair and food and beverage service it deliverately cha
CaHeK987 [17]

The different pricing strategies are matched with the best scenarios below.

<h3>What are pricing strategies?</h3>
  • When selling a product or service, a company can employ a number of pricing tactics.
  • Senior executives must first assess the company's price position, pricing segment, pricing capacity, and competition pricing reaction strategy before determining the most successful pricing strategy for the company.

The scenario to the strategy it best illustrates is shown below:

1. When the Mays family went to Europe, they used a travel agent who worked out a trip that included airfare, hotels, and some tours all for one price.

Most Suitable Pricing Strategy: Bundling

2. Marquis Suites shows movies in a "living room" atmosphere with comfortable chairs and food and beverage service. It deliberately charges more than other theaters for this experience.

Most Suitable Pricing Strategy: Competition-based pricing

3. Chad is a do-it-yourself guy. He shops at Home Depot because, although they don’t usually run sales, he knows the store will offer the lowest price around on the tools he needs.

Most Suitable Pricing Strategy: Everyday low pricing (EDLP)

4. A major national retailer charges "full retail" for most of the lines it carries but runs "special sales" during which the company lowers its price.

Most Suitable Pricing Strategy: High-low pricing

5. When Walmart enters a new geographic area, the company undersells its more well-established competitors and eventually raises its prices once it has a loyal customer base.

Most Suitable Pricing Strategy: Penetration pricing

6. When Aaron was looking for mortgage lenders, he noticed that one major lender lowered their rates, and several others did the same within a few days.

Most Suitable Pricing Strategy: Price leadership

7. Larry Dietzel, a real estate agent, advised his clients to price their home at $199,900 when they listed with his agency.

Most Suitable Pricing Strategy: Psychological pricing

8. Overture Audio home theater systems can run as high as $100,000 but there are only a few companies offering the systems.

Most Suitable Pricing Strategy: Skimming price

9. Toyota’s approach to entering the U.S. market was to set a certain net profit margin, then determine what price the company had to offer to get Americans to buy its cars instead of domestic cars.

Most Suitable Pricing Strategy: Target costing

Therefore, the different pricing strategies are matched with the best scenarios.

Know more about High-low pricing here:

brainly.com/question/13961829

#SPJ4

Complete question:

Decisions about pricing strategies should be set in conjunction with other marketing decisions about product design, packaging, branding, distribution, and promotion. All these marketing decisions are interrelated. Prices must be related to the cost of producing the product and prices are usually set somewhere above cost. But price and cost aren't always related. There are three major approaches to pricing strategy: cost-based, demand-based (target costing), and competition-based. Other pricing strategies include skimming price strategy, penetration strategy, everyday low pricing (EDLP), high-low pricing strategy, bundling, psychological pricing, and demand-oriented pricing. Match each scenario to the strategy it best illustrates.

1. When the Mays family went to Europe, they used a travel agent who worked out a trip that included airfare, hotels, and some tours all for one price.

2. Marquis Suites shows movies in a "living room" atmosphere with comfortable chairs and food and beverage service. It deliberately charges more than other theaters for this experience.

3. Chad is a do-it-yourself guy. He shops at Home Depot because, although they don’t usually run sales, he knows the store will offer the lowest price around on the tools he needs.

4. A major national retailer charges "full retail" for most of the lines it carries but runs "special sales" during which the company lowers its price.

5. When Walmart enters a new geographic area, the company undersells its more well-established competitors and eventually raises its prices once it has a loyal customer base.

6. When Aaron was looking for mortgage lenders, he noticed that one major lender lowered their rates, and several others did the same within a few days.

7. Larry Dietzel, a real estate agent, advised his clients to price their home at $199,900 when they listed with his agency.

8. Overture Audio home theater systems can run as high as $100,000 but there are only a few companies offering the systems.

9. Toyota’s approach to entering the U.S. market was to set a certain net profit margin, then determine what price the company had to offer to get Americans to buy its cars instead of domestic cars.

A. Psychological pricing

B. Bundling

C. Target costing

D. Penetration pricing

E. High-low pricing

F. Competition-based pricing

G. Price leadership

H. Skimming price

I. Everyday low pricing (EDLP)

7 0
2 years ago
Marty is collaborating with collegues to plan a surprise party for their boss. Marty does not add an ideas to the party but choo
Oksi-84 [34.3K]

Answer:

a passive

Explanation:

Passive behavior is when an individual decides not to act or react but follow what others want. In passive, an individual does not express their feeling or thoughts. They remain inactive and allows others to take control. behavior

Marty attended the meeting but decided not to make any contributions. By deciding to follow the flow, he exhibited passive behavior. Marty felt angry because he failed to express his honest feelings, thoughts, and beliefs. He violated his rights to speak and be heard.

3 0
2 years ago
Which one of the following statements related to the internal rate of return (IRR) is correct? Multiple Choice Financing type pr
aleksley [76]

Answer:

nd -4- 2 (1)/(2)

Explanation:

6 0
2 years ago
The following information has been taken from the ledger accounts of Bridgeport Corporation.
stealth61 [152]

Answer:current balance of retained earnings=$206,000

Explanation:

Net Retained Earnings =  Total Income since Incorporation−

Total Cash Dividend Paid−  Value of Stock Dividend distributed

Where

cash dividends distributed among the stakeholders= $55,000

 value of stock dividends distributed  = $31,000

Total Dividend Distributed = $86,000

Net Retained Earnings = $292,000 -($86,000)=$206,000

5 0
3 years ago
Other questions:
  • If you take $100 out of your piggy bank and deposit it in your checking account, how did M1 change? Did M2 change? Assuming that
    14·1 answer
  • The belief that culture is held together by a series of important elements such as economy, education, religion, kinship, and po
    10·1 answer
  • Constitutional scholars have pointed out there is an inconsistency in justice marshalls opinion with respect to what the constit
    15·2 answers
  • An Investment Adviser Representative has started a blog on the Internet to promote her services to interested parties. The blog
    9·1 answer
  • Accounting statements represent a company's earnings, but this is not the real cash that a company generates. Earnings data can
    14·1 answer
  • Amazon offers customers customized recommendations based on previous purchases. Which of the following does this​ illustrate? A.
    12·1 answer
  • Research conducted by Harvard Business School found that the traditional 4 Ps model:
    14·1 answer
  • The decisions concerning an organization's goals and future plans are called a. tactical decisions. b. strategic decisions. c. o
    9·1 answer
  • Law governing relations among governments and international organizations is referred to as _______,while law that applies to pr
    7·1 answer
  • According to Ms. De la Rosa, what small, frequent purchases made by most people interfere with their savings and cause regret?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!