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Verdich [7]
3 years ago
6

He primary objective of activity-based management is

Business
1 answer:
vredina [299]3 years ago
4 0
The primary objective of ABM or activity-based management is a method to access a business and figure out it's strengths and weaknesses to strategically fix problems.

goodluck! :-)
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Two economists estimate the government expenditure multiplier and come up with different results. One estimates the multiplier a
madreJ [45]

Answer:

B. Compared to the first​ economist, the second economist must be assuming either a larger induced increase in​ consumption, a smaller crowding out​ effect, or both.

Explanation:

6 0
3 years ago
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi
Karo-lina-s [1.5K]

Answer:

Halifax Manufacturing

a. Record the actual sales return of merchandise sold prior to 2021.

Debit Refund Liability $328,000

Credit Accounts Receivable $328,000

To record actual returns for sales prior to 2021.

1b. Record the cost of merchandise returned for goods sold prior to 2021.

Debit Inventory $229,600

Credit Estimated Inventory Returns $229,600

To record the cost of merchandise returned for goods sold prior to 2021.

1c. Record the actual sales return of merchandise sold during 2021.

Debit Sales Returns $266,000

Credit Accounts Receivable $266,000

To record actual returns for the current year.

1d. Record the cost of merchandise returned for goods sold during 2021.

Debit Inventory $186,200

Credit Cost of Goods sold $186,200

To record the cost of goods returned for sales during the year.

1e. Record the year-end adjusting entry for estimated returns.

Debit  Sales Returns $591,700

Credit Refund Liability $591,700

To record sales returns adjusting entry for the current year.

1f. Record the adjusting entry for the estimated return of merchandise to inventory.

Debit Estimated Inventory Returns $414,190

Credit Cost of goods sold $414,190

To record the adjusting entry for the estimated inventory returns.

3. What is the amount of the year-end refund liability after the adjusting entry is recorded?

=  $623,700

Explanation:

a) Data and Calculations:

Refund liability (beginning balance) = $360,000

Sales = $12,100,000

Cost of merchandise = $8,470,000 (70% * $12,100,000)

Actual returns during the year = $594,000

Returns for prior years =               328,000

Returns for current year =            266,000

Estimated sales returns allowance = 5% for year-end adjusting entry.

Refund liability (beginning balance) = $360,000

Actual return for prior years =              (328,000)

Allowance for current year =                  591,700

Refund liability (ending balance)  =     $623,700

6 0
3 years ago
Pick some number between $500 and $1500 and assume that the MPC for that state is 0.75. Estimate the total impact on the economy
lana66690 [7]

Answer:

$750

Explanation:

If I pick $1,000, and the Marginal Propensity to Consume (MPC) is 0.75, it means that while travelling the state, I will have spent $750 on goods and services either produced and traded in that state, or only traded in that state (while having been produced in other place). This is the total impact that I will have made on the economy of this state.

The remaining $250 that I will have saved will only impact the economy of the state if I deposit or invest the money in a financial institution located in the state. If instead, I invest those saving in some other state, or put the money under the mattress in my house (located in another state), my savings will not impact the economy of the state in any way whatsoever.

5 0
3 years ago
Two models for department store success seem to be emerging—one with a strong retail brand approach and one as a showcase store.
yKpoI14uk [10]

Answer:

Showcase stores are stores that display their products in a way that makes it easy for customers to determine what products are available.

Explanation:

Department stores are large stores with various assorted products and they adopt different approaches for selling their products to customers which include retail branding and showcase stores.

In a showcase store, <u>a variety of products available in the store are displayed for customers to see</u>, so they know what the store has available. These products that are showcased are not actually the ones sold.

The retail branding approach involves a large department store owning or controlling several <u>smaller retail outlets with unique brands through which it sells its specific products.</u>

<u>A well branded retail outlet connects better with target customers </u>and provides a more attractive option when they have to choose between competing brands.

5 0
3 years ago
Which of the following is likely to have the most price elastic demand? Group of answer choices All three would have the same el
SashulF [63]

Answer:

Tommy Hilfiger jeans

Explanation:

The price elasticity of demand measures quantity demanded as a result of a change in price.

The smaller the price elasticity of demand, the steeper the demand curve will be through a given point.

Tommy Hilfiger jeans are likely to have the most price elastic demand as it is very expensive so the rise in its price would affect its demand.

3 0
3 years ago
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