Answer:
No
The Original Price is $35.72
Explanation:
Let the Original Price =x
The sales price of the music player was 25% less than its original price
Sales Price=x-(25% of x) = x=0.25x=0.75x
The sale price was $26.79
Therefore:
0.75x = 26.79
x = 26.79/0.75 = 35.72
The original Price is $35.72.
Kristen's Answer is not reasonable as there is a difference of approximately $9 (as shown below)
44.49-35.72=8.77
Answer: The Owner’s Equity ending balance is $15,730.
Explanation: In order to calculate the ending owner’s equity you need to identify the capital, revenue and expense accounts.
The Owner’s Equity is $12,940 and withdrawals are $790.
Revenue (Fees Earned) is $9,250.
Expenses equal 2,500 + 1,960 + 775 + 250 + 185 = $5,670.
Now that we have identified the each of the three categories, we will use the owner’s equity equation.
Owner’s Equity = Capital - Drawing + Revenues - Expenses
Owner’s Equity = $12,940 - 790 + 9,250 - 5,670
Owner’s Equity = $15,730
Answer:C=Negative impact on customer relationships and satisfaction
Explanation:Xsis Inc being an IT and services company outsourced it's technical support calls to a company in Asia,this is called offshoring i.e outsourcing to a foreign company.the main issue is that this area is one if the core competence of an IT and service company and should not have been outsourced without proper monitoring of the service level agreements.outsourcing the call support means Xsis Inc will have to depend on the management,technical skills if the vendor to manage a very crucial aspect of their operation and from the above illustration,the vendors technical strength was poor leading to inability if customer's to reach senior technicians when the need arises ,this led to customer dissatisfaction ,which will off course lead to loss of patronage .
Offshoring as in this case had language barrier as a major obstacle ,the south east Asia vendors did not put enough infrastructure in place to cater for the customer's varying language need ,this led to customer's dissatisfactionand sorely affects the customer relationship with Xsis Inc,because the customer sees the call support vendor as staff of Xsis and may not be aware of the outsourcing deal and even if aware really don't care ,the connection is Xsis,the blame goes to Xsis and it is only rational for Xsis to cancel the contract and if possible insource this important function.
Answer:
d. Work in Process Dr. XXX
Manufacturing Overheads XXX
Explanation:
Work in process inventory is a current asset. A debit of current asset accounts increase their balance while a credit reduces it.
Manufacturing overheads refer to indirect costs. Examples would include such as gas electricity used in manufacturing process which represents an indirect cost.
In the given case, the journal entry would be:
Work in Process A/C Dr.
To Manufacturing Overheads
(Being application of manufacturing overheads recorded)
The entry means manufacturing costs i.e indirect costs have been used, transferred and added to cost of work in process.