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beks73 [17]
3 years ago
7

On March​ 15, Maxwell Plush sold and shipped merchandise on account for​ $6,000 to Kittson Amusement​ Park, terms FOB shipping​

point, n/30.​ Maxwell's cost of goods sold is​ 40% of sales. How is Maxwell impacted by this sale on March​ 15? (a)- Its assets will​ increase, as will its equity. (b)- Its assets will remain the​ same, while its equity decreases. (c)- Its assets will remain the​ same, while its equity increases. (d)- Its assets will​ increase, while its equity remains the same
Business
1 answer:
a_sh-v [17]3 years ago
8 0

Answer:

(a)- Its assets will​ increase, as will its equity

Explanation:

The commercial terms state FOB shipping​ point therefore the transfer succeeds once the cargo enter the port.

The sale is thus completed. The revenue can be recognize thus, increasing the company's equity and assets.

Account receivable(+Assets)     debit

             Sales Revenue(+Equity)           credit

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Mountain Crest Inc. makes and distributes its branded products to authorized dealers. To prevent price-cutting by dealers in dir
zavuch27 [327]

Answer:

Territorial restrictions.

Explanation:

This is best described as a situation in which the Company conducts business within a particular jurisdiction, or territory or as stated to only authorized dealers.

5 0
3 years ago
In​ manufacturing, excess capacity can be used to A. do fewer​ setups, lengthen production​ runs, and drive down inventory costs
Aleksandr-060686 [28]

Answer:

In​ manufacturing, excess capacity can be used todo more​ setups, shorten production​ runs, and drive down inventory costs

Explanation:

Excess capacity refers to a situation where a firm is producing at a lower scale of output than it has been designed for. Context: It exists when marginal cost is less than average cost and it is still possible to decrease average (unit) cost by producing more goods and services

7 0
3 years ago
A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred
Nana76 [90]

Answer: $25

Explanation:

A Preferred Stock is a special stock that entities the holder to a fixed dividend. It also gives the holder priority of stock payment over common stock holders.

The Value of a preferred stock is worked out with the following formula,

Value of the preferred stock = Dividend / Required Return

So,

Value of Preferred Stock

= 4/0.16

= $25

If you need any clarification or have any questions, do comment or react.

3 0
3 years ago
Type the correct answer in the box.
Burka [1]

Answer: Secondary source of market research (external source)

Explanation: when an individual makes use of public information which have been collected by others in his or her research, such source is refered to as a secondary source. It is also called eternal source in market research, this can be gotten from company's websites, market research reports, trade publications etc. All this information can easily be accessible using the internet at small to no cost at all.

So Jamie made use of secondary source (external source) in his market research assignment.

8 0
4 years ago
Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00
Damm [24]

Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

= $432,000

Number of units to be sold

= Level of sales/Selling price

= $432,000/$36

= 12,000 units

The correct answer is A

Explanation:

In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.

7 0
3 years ago
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