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CaHeK987 [17]
3 years ago
7

name items which are recorded at the invoice price in the consignment account. Give reasons for consigning the goods at the invo

ice price.
Business
1 answer:
Ludmilka [50]3 years ago
6 0
Invoice price consigning items aims to achieve the following goal: Cost effective pricing with bonus of cost for storage and transport or handling on the immediate purchaser or the end-user. Maximizing the profit with the new sale price for old stock and thereby have a fresh inventory in the seller's warehouse which normally fetch or attract customers in general. 
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Someone who is a natural leader exhibits this Learning Pattern
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Someone who is a natural leader exhibits this pearning pattern : Strong willed
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3 years ago
Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?
Lerok [7]

Answer:

$18,396

Explanation:

Average sales of the store per day = $1,680

Number of days in a year = 365

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Shrinkage rate = 3%

Losses for an entire year = 0.03 x $6132,200 = $18,396

6 0
3 years ago
Prime Company began operations in January, 2019, by issuing 5,700 shares of 9%, cumulative, $65 par value preferred stock and 25
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Answer:

Preference dividend = 9% x $65 x 5,700 shares

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Dividend paid to ordinary shareholders = $50,000 - $33,345

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Explanation:

The dividend paid to preferred stockholders is 9% of the par value multiplied by number of preferred stock outstanding. The dividend paid to common stockholders is the difference between total dividend paid and dividend paid to preferred stock holders.

6 0
3 years ago
What’s the manager is responsible for overseeing a company’s product mix
RoseWind [281]

Answer:

Marketing manager

Explanation:

Product mix, also known as product assortment, is the total number of product lines that a company offers to its customers. The product lines may range from one to many and the company may have many products under the same product line as well. All of these product lines when grouped together form the product mix of the company.

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3 years ago
Read 2 more answers
Which of the following is not a related party transaction? a) Acme Corporation leases office space to Norton Company. Mr. and Mr
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Answer:

c) Beth Teal pays $15,000 a year to her gardener, Ben. Beth is Ben's grandmother.

Explanation:

A related party transaction is any business transaction that takes place between entities that share some type of common interest, e.g. a parent company leasing a factory to one of its subsidiaries. They are legal, but the potential for conflicts of interest exist. Following the example, if the lease price is higher than fair market price, then the transaction could be considered fraudulent. The SEC requires that publicly traded corporations disclose all related party transactions.

7 0
3 years ago
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