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xenn [34]
3 years ago
13

sold inventory for $ 280 comma 000​, terms 4​/10, ​n/30. Cost of goods sold was $ 160 comma 000. How much sales revenue will Old

Oak Winery report from the​ sale? ​(Assume the company records sales at the net​ amount.) A. $ 268 comma 800 B. $ 280 comma 000 C. $ 120 comma 000 D. $ 160 comma 000
Business
1 answer:
Inga [223]3 years ago
5 0

Answer:

A. $ 268,800

Explanation:

According to the net method,

A company will report the sales after deducting the discount (if there is any discount term is given) assuming that the buyer will pay the money within the discounting period.

Therefore, Old Oak Winery will report the sale as follows:

Sales revenue                                            = $280,000

<u>Less: Sales discount ($280,000 × 4%)     = $    11,200 </u>

Net Sales revenue                                     = $268,800

Hence, option A is correct.

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alachi is a manager at a home goods store. he subscribes to theory x. in managing his employees, he is most likely to
RideAnS [48]

Alachi is a manager at a home goods store. he subscribes to theory x. in managing his employees, he is most likely to assume the average worker prefers to be directed.

<h3>What is Management Style?</h3>

There are many management styles and it depends on the mind mindset off employer or manager, a manager with theory X assumes that the employees does not like to work and there needs to be directed, they can only be motivated with salary. While the manager theory Y assumes that the employees like their job and are responsible for the work they do, they need some guidance but are responsible for the work, they can be motivated with appraisals, appreciations and more rewards.

Alachi as a manager is a theory X manager and assumes that the workers prefers to be directed and therefore he would delegate the task and provide the complete guidance to them.

Learn more about Management style at brainly.com/question/27207232

#SPJ1

7 0
1 year ago
Which of the following is a possible market solution to the lemons problem? Producers might be required to meet certain legal st
solniwko [45]

Answer:

Producers might offer product guarantees and warranties

Explanation:

In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers

<u>For example,</u>

Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2.  Person B believed that the transaction is worth it.

But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.

Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.

8 0
4 years ago
What are the three stages at which advertising evaluation occurs, and what do marketers evaluate at each stage? What are the dif
krek1111 [17]

Answer:

There are 3 phases of advertising: Awareness (audience building), Consideration (lead generation and obtaining authority), and Conversion (nurture and sales). Advertising has a history going back millennia. In fact, the origins of advertising go back to ancient times or even earlier, right to the stone age. From rock carvings and papyrus to the radio and T.V. and the latest addition of online advertising, the journey of advertising has been a most metamorphic one.

1. Pre-test and Post Test: Pre-test implies testing advertising message before it is sent to specific media.

2. Communication and Sales Effect Test.

3. Laboratory and Field Test.

4. Experimental and Survey Test.

5. Message and Media Effect Test.

Inquiry tests: It is controlled experiment conducted in the field. In inquiry test, the number of consumer inquiries produced by an advertising copy or the medium is considered as to the measure of its communication effectiveness.

Copy testing often evaluates ad based on demographics and certain changes in the ad are made with respect to its demographics. Memory tests (recall/recognition), direct response tests, persuasion tests, continuous measurement tests, psychological response tests are some of the quantitative methods of copy testing.

(My Answer^)

Explanation:

(Plato Example Answer) : Advertising evaluation can occur at three different stages: during ad in preparation, after the ad launches in the market, and while the ad campaign is running in the market.

During the first stage before the ad’s launch, marketers use pre-testing methods to evaluate an ad’s effectiveness. They help a company identify and correct flaws in its ad copy through trials or surveys. Randomly selected consumers view the ad. Based on the data gathered from their responses, the company will make changes in the ad copy or select one ad from among different ad alternatives. Various aspects of an ad copy, such as colors, message, language, design, etc., might change or gain further approval based on the results of these tests. Pre-testing methods include consumer jury methods such as an order of merit test or paired comparison test, advertising concept test, direct mail test, and in-home projection test.

During the post-testing stage after the ad’s market launch, marketers use post-testing methods to measure ad effectiveness. These tests help in gauging the immediate effect that the ad campaign has had on consumers and determine whether the ad has succeeded in achieving its goals. Post-testing methods also make use of randomly selected samples of respondents from the market. The methods include a rating scale test, day-after recall test, portfolio test, and association test.

The ad campaign is continuing its market run. During this stage, marketers use concurrent testing methods to evaluate ad effectiveness. If properly implemented, the tests can help the company to adapt an ad campaign to make it more effective. Concurrent testing methods also help advertisers to decide which expenses to curtail. These methods depend on observing consumers’ reactions to the ad and thus determining how consumers perceive the ad. Concurrent testing methods include telephone surveys, interview tests, and passers-by count tests.

If I were an advertiser, I would spend money on pre-testing methods because they would help me to make critical changes in an ad’s content before it goes out in the market. These methods of measuring ad effectiveness are more proactive. For instance, an advertising concept test can help in gathering consumer responses regarding various aspects of an advertisement. I would make sure that the sample selected for these tests is large enough so that it would leave little room for uncertainty regarding the ad’s effectiveness. In addition, I would use more than one method to measure the effectiveness of my ad campaign.

4 0
3 years ago
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
qwelly [4]

Answer:

Galena is attempting to use Networking to generate leads.

Explanation:

Networking is a term that describes the socioeconomic business activity in which business or finance-oriented people like Galena (in the question) form business relationships in order to seek potential partners for ventures, share information as well as create or act upon business opportunities.  

By joining the local association of businesswomen and local chamber of commerce, Galena is networking with a view to generating finance leads and achieving other aims stated in the first paragraph.

7 0
3 years ago
Jen Rogers withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals acco
Dmitrij [34]

Answer and Explanation:

The journal entry is shown below:

Jen Rogers, Capital $35,000

         To Jen Rogers, Withdrawals $35,000

(Being withdrawals entry is recorded)

Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains normal credit balance while drawings contains normal debit balance

6 0
3 years ago
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