At August 31, Whispering Winds Corp. has a cash balance per books of $8,050 and the following additional data from the bank stat
ement: Charge for printing Whispering Winds Corp. checks $42 and interest earned on checking account balance $66. In addition, Whispering Winds Corp. has outstanding checks of $840.
Determine the adjusted cash balance per books at August 31.
Utility is the satisfaction consumers derive from the use or consumption. Form utility is used to explain how well a particular product or service meets the needs of the customer. Form utility incorporates the needs and wants of consumers into the benefits and features of the products that is offered by the company.
Companies invest money and time into the research of product research in order to know the kind of products or services that consumers desire. The firm utility is the method of used by IBM.
Taking into consideration only the income, the increase in unit sales will not increase the income of Honda. It can impact in other ways, like a decrease in inventory.
Explanation:
Giving the following information:
Honda Motor Company is considering offering an $1800 rebate on its minivan
New price $30200
Old price $28400.
The marketing group estimates that this rebate will increase sales over the next year from 42000 to 53900 vehicles.
Honda's profit margin with the rebate is $5650 per vehicle.
Normal price:
Income= (5650+1800)*42000= $312,900,000
New price:
Income= 5650* 53900= $304,535,000
Taking into consideration only the income, the increase in unit sales will not increase the income of Honda. It can impact in other ways, like a decrease in inventory.
A destination contract is a contract or an agreement between the seller and the buyer of products. The contract is such that the risk of loss is stated explicitly that until the buyer takes delivery of the goods at his agreed destination, then the risk of loss is to be borne by the seller.
The agreement is based on the knowledge that it is the responsibility of the seller to get his goods to the buyer and until that is done, any risk such as loss of goods or destruction of goods are to be paid for by the seller.
A destination contract should be therefore specified by Custom Windows Inc which indicates that any form of loss or risk that might occur before the goods get to Kacey will be borne by the company.
