This is an example of a company’s: <u>objective</u>.
<u>Explanation</u>:
Objective is an aim to achieve something. Objectives explains what are to be done.
A company's objectives describe the goals that are to be achieved by the organization. The strategies will also be defined to achieve the goal. The resources, material and finance to achieve our goal are also defined to reach the objective. The company defines its objective to increase their success rate.
In the above scenario, Skullcandy decides to launch its new product- a wireless headset. The company decides to increase its market share by releasing the new product. This shows the objectives of the company.
Answer: PERSONAL COMMUNICATION
Explanation: In the given case, the salesman of the store is personally interacting with the customer for establishing a relationship.
The human behavior reacts positively when someone gives them importance and listens to them without any judgement. Similarly, in this case the salesman is trying to win the confidence of the customer by persuading him with personal attention.
Answer:
rate of return: 16.67%
Explanation:
unadjusted rate of return
Average investment
Assuming no salvage value:
(beginning investment + ending investing)/2
(4,800 + 0 )/ 2 = 2,400
<u>cost savings:</u> 720
<u>depreciation:</u> 4,800 / 15 = 320
average return 400
400/2400 = 16.67%
Answer: Debit Account Payable $1600, Credit Cash $1600
Explanation:
If the perpetual inventory system, and purchases are recorded through the use of a gross method, the correct journal entry to record the payment on July 28 will be to Debit Account Payable $1600, and then Credit Cash $1600.
In this case, we should note that we don't need any adjustment for discount. This is because the payment made was on the 28th of July.
