Answer:
Target costing
Explanation:
-High-low pricing is when companies initially establish a high price for a product and then, they decrease it when people are less willing to buy it.
-Everyday low pricing is when companies offer low prices on their products all the time.
-Cost-plus pricing is when companies determine the cost of the product and add the profit margin they need to establish the price of the product.
-Target costing is when companies establish a target cost for the product by taking the price and subtracting the margin they expect from it.
-Competition-based pricing is when companies use the price the competitors have for the same product to establish the price.
According to this, the answer is that the situation exemplifies target costing.
Answer:
Please see attached solution
Explanation:
a. Cost of goods sold . Detailed explanation attached.
b. Ending inventory. Detailed explanation attached.
Note 1.
Weighted average cost per unit on January 20
= $1,545,000/20,000 units
= $77.5
Note 2
Weighted average cost per unit on January 30
= $948,000/12,000 units
= $79.00
Answer:
Dr Notes Payable 4500
Dr Interest expense 75
Cr Cash 4575
Explanation:
Based on the information given if On April 12, the Hong Company agrees to accept a 60-day which include the amount of $4,500 note from Indigo Company which means that in order to extend the due date on an overdue account the journal entry that Indigo Company would make, when it records payment of the note on the maturity date is :
Dr Notes Payable 4500
Dr Interest expense 75
(4500/60 days)
Cr Cash 4575
(4500+75)
The broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.
<h3>What is earnest money?</h3>
Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.
It is the money paid to a merchant or seller to complete a contract or money paid to a merchant / seller to show good faith in the transaction.
Hence, the broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.
Learn more about earnest money here : brainly.com/question/14342438
