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3 years ago

Do you feel that there is a difference in the quality of a private brand versus a national brand? Why or why not?

Business

1 answer:

tatuchka [14]3 years ago

8 0

Answer:

Private brands are normally run by a small group of people making and selling. Over a large company or international brands who are more focused on marketing and making more money then they put into their product and pour their money into factory and factory employees to make their products for them. Which would result in making the quality and details not as paid attention to as a private brand would focus on.

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On January 1, 2018,Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost

Ivan

Answer:

Find the answer below in explanation

Explanation:

Gillock Climbing Academy Pension Expense for the year 2019 will be recorded as

Service cost ............................................. 600,000.00

Interest (600000 × 10%)................................60,000.00

plan assets (40000 from 2018 + 32000 interest + 400000 made in current year)............... 832000

Expected return Interest on plan asset (832000*8%) ........................................ 66,560.00

Pension Expense for the year ended December 31, 2019 = 600000 - (66,560.00 - 60000)

= 600,000−6,560

= $593,440.00

3 0

3 years ago

Gross billings for merchandise sold by Lang Company to its customers last year amounted to $12,520,000; sales returns and allowa

elena-14-01-66 [18.8K]

Answer:

c. $12,175,000.

Explanation:

Given: Merchandise sold by Lang company= $12520000.

Sales return and allowances= $270000.

Discount= $140000.

While calculating net sales, freight out charges is not included as it an selling expense and it should be included while calculating Gross profit of the company.

Here, we have to find the last year net sales for Lang company.

∴ $Net sales= sales\ revenue- (sales\ returns\ and\ allowances + sales\ discount)$

⇒ Net sales = $12520000-(270000 + 75000) = 12520000 - 345000$

∴Net sales= $\$ 12175000$

6 0

3 years ago

At Medallion Industries, variable cost per unit is budgeted to be $8.00 and fixed cost per unit is budgeted to be $5.00 in a per

natka813 [3]

Answer:

Total cost= $60,800

Explanation:

Giving the following information:

For 4,000 units:

Unitary variable cost= $8

Unitary fixed cost= $5

First, we need to calculate the total fixed cost:

Total fixed cost= 5*4,000= $20,000

Now, we can determine the total cost for 5,100 units:

Total cost= 5,100*8 + 20,000

Total cost= $60,800

6 0

2 years ago

applied vs. actual manufacturing overhead davis manufacturing corporation applies manufacturing overhead on the basis of 150% of

Mashcka [7]

Answer:

Subapplication of 22,500

journal entry:

WIP 4,500 debit

finished goods 2,250 debit

COGS 15,750 debit

factory overhead 22,500 credit

Explanation:

Direct Labor cost during the year:

60,000 + 30,000 + 210,000 = 300,000 direct labor

Applied overhead:

cost driver x predetermined rate

300,000 x 150% = 450,000

Actual overhead: 472,500

Subapplication of 22,500

as this is a significant amount we must adjust the WIP inventory, cost of goods sold and fnished goods inventory

to know the adjustment on each account we calcualte each account percentage:

300,000 --> 22,500

60,000 --> 60,000/300,000 x 22,500 = 4,500 endingWIP

30,000 --> 30,000/300,000 x 22,500 = 2,250 finished goods

210,000--> 210,000/300,000 x 22,500 = 15,750 COGS

we do the adjuting entry to increase overhead and transfer into each concept

8 0

3 years ago

An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalay

V125BC [204]

Answer:

b. Overvalued

Explanation:

Overvalued stocks are securities that trade higher than their fair market value, i.e. the value that the company's fundamentals, such as earnings or revenues justify.

4 0

3 years ago