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padilas [110]
3 years ago
9

Heller Company offers an unconditional return policy to its customers. During the current period, the company records total sale

s of $850,000, with a cost of merchandise to Heller of $340,000. Based on past experience, Heller Company expects 4% of sales to be returned. How much in net sales will Heller Company recognize for the current period? A. $816,000 B. $850,000 C. $510,000 D. $489,600
Business
1 answer:
Evgen [1.6K]3 years ago
5 0

Answer:

A. $816,000

Explanation:

The formula to compute the net sales is shown below:

= Total sales - sales returned

where,

Sales returned = Total sales × sales return percentage

                        = $850,000 × 4%

                        = $34,000

And, the total sales is $850,000

Now put these values to the above formula  

So, the value would equal to

= $850,000 - $34,000

= $816,000

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Two automobile manufacturers are working together to develop hybrid technology. This type of relationship between the two automo
SSSSS [86.1K]

Answer:

The correct  option is A, co-opetition

Explanation:

Co-opetition derives its root from competition and co-operation.It refers to an arrangement where competing firms co-operate towards achieving a common goal like the case of two two automobile manufacturers are likely going to be in direct competition with each co-operating in order to develop a hybrid technology expected to benefit both.

Hence option C is obviously wrong as competition is just one side of co-opetition which also includes co-operation

Strategic alliance lacks an element of competition,hence it is also wrong, same applies to collaboration.

Finally, business strategy is generic in nature so it is out of context.

3 0
4 years ago
Read 2 more answers
On January 6, Brumbaugh Co. sells merchandise on account to Pryor Inc. for $7,000, terms 2/10, n/30. On January 16, Pryor Inc. p
Harrizon [31]

Answer:

No.      Date       Accounts titles and explanation   Debit    Credit

(a)       Jan. 6      Accounts receivable               $7,600  

                                           Sales                                             $7,600

              Jan. 16              Cash                                 $7,296  

                                   Sales discounts($7,600 * 4%) $304  

                                     Accounts receivable                              $7,600

(b)        Jan. 10        Accounts receivable                 $13,300  

                                                       Sales                             $13,300

                Feb. 12                        Cash                   $6,650  

                                     Accounts receivable                             $6,650                              

               Mar. 10             Accounts receivable          $133  

                                           Interest revenue(6,650 * 2%)     $133

7 0
3 years ago
Read 2 more answers
Suppose you recently sold your used car. Assume that no new production was involved in this transaction.
labwork [276]

Answer:

Assume that no new production was involved in this transaction.

Wealth was created because the value of your willingness to sell was _____ (equal to, less than, greater than) the buyer's willingness to pay.

Suppose you sold the car for $18,000.

If the minimum price, or "bottom line," you would accept for the car is $10,000 and the most the buyer is willing to pay is $25,000.

Explanation:

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4 0
3 years ago
Superior Printing, Inc. has provided you with its bank statement and Cash T-account for the month of June. The Controller has as
Anvisha [2.4K]

Explanation:

Bank Reconciliation: The Bank reconciliation deals with the balance of the bank statement and the balance of the cash statement. The aim is to compare those two statements to allow the organization to run smoothly.  

There are various transactions because of which the balance of the bank statement and the balance of the cash statement do not match We change the transactions accordingly to match those statements

The preparation of the  bank reconciliation statement for the month of June is presented in the spreadsheet. Kindly find the attachment below:

The outstanding checks is

= $770 + $4,600

= $5,670

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3 years ago
A commercial bank's reserves are Multiple Choice liabilities to the commercial bank and assets to the Federal Reserve Bank holdi
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Answer:

assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.

Explanation:

A commercial's bank's reserves are assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.

Assets are all the resources owned by the commercial bank while liabilities are their debts or financial obligations to the Federal Reserve Bank.

The reserves of a commercial bank generally is comprised of deposits at the Federal Reserve Bank and vault cash.

Excess reserves determines the amount a commercial bank can lend out.

3 0
4 years ago
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