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3 years ago

When cash is received from a sale, the total amount of both assets and owner's equity is increased.

Business

1 answer:

marshall27 [118]3 years ago

5 0

Answer:

a. True

Explanation:

In case when the cash is received from the sale, so here the total assets is increased i.e. rise in current assets that is cash account and the stockholder equity is also increased as the revenue is also increased which ultimately increased the equity

The journal entry is

Cash Dr XXXXX

To Sales revenue XXXXX

(Being cash is received is recorded)

hence, the given statement is true

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Algonquin cosmetics is deciding on its marketing mix to enter brazil. it is deciding on the means for delivering the product to

Zanzabum

The strategy that Algonquin is working on is PUSH STRATEGY.
Push strategy is a promotional marketing strategy that involves taking a product directly to the consumers by making use of various means of advertising the product to take the product to the costumers.

6 0

3 years ago

Frazier Company sells women's ski jackets. The average sales price is $272 and the variable cost per jacket is $122. Fixed Costs

padilas [110]

Answer:

b. $2,205,000

Explanation:

We know,

Contribution Margin = Sales (Revenues) - Variable Cost (expense)

Contribution margin is the difference between sales and variable cost.

Given,

Sales per unit = $272

Variable cost per unit = $122

Sales volume (Number of Ski Jackets) = 14,700 jackets

Now, we use contribution margin format income statement to determine the contribution margin for 14,700 jackets.

Sales ($272 × 14,700 jackets) $3,998,400

<u>Less: Variable expense ($122 × 14,700 jackets) $(1,793,400)</u>

Contribution Margin [($272 - 122) × 14,700 jackets] = $2,205,000

Therefore, option B is the answer.

4 0

3 years ago

Assume you are to receive a 10-year annuity with annual payments of $1000. The first payment will be received at the end of Year

77julia77 [94]

Answer:

d. $55,340

Explanation:

You begin to receive the annuity at the end of the year 1, so its begin to capitalize on year 2 because the first year

there is no money to capitalize.

The second year begin to apply over the first annuity the interest payment,the next ten 10 years from 2 to 11 the deposits start to capitalize compounded anually at 9% of interest.

Compound interest, means that each time that the account generate interests, this total amount apply to the next period as basis to calculate the next interests, not only grows the interest payment over the initial capital if not over the past interest generated.

At the end of the 25 years you will have $55,340 in the account available.

$ 1,000 $ 1,090 2 Year

$ 1,000 $ 2,278 3 Year

$ 1,000 $ 3,573 4 Year

$ 1,000 $ 4,985 5 Year

$ 1,000 $ 6,523 6 Year

$ 1,000 $ 8,200 7 Year

$ 1,000 $ 10,028 8 Year

$ 1,000 $ 12,021 9 Year

$ 1,000 $ 14,193 10 Year

$ 1,000 $ 16,560 11 Year

$ 18,051 12 Year

$ 19,675 13 Year

$ 21,446 14 Year

$ 23,376 15 Year

$ 25,480 16 Year

$ 27,773 17 Year

$ 30,273 18 Year

$ 32,997 19 Year

$ 35,967 20 Year

$ 39,204 21 Year

$ 42,733 22 Year

$ 46,579 23 Year

$ 50,771 24 Year

$ 55,340 25 Year

3 0

3 years ago

What are the proffesional values

Ugo [173]

Answer:

The values include “service, access equality, respect, confidentiality and privacy, protection of intellectual property rights, literacy, technical literacy, stewardship, and professional and social obligations”

6 0

3 years ago

Which example is an economic property but not a law?

tensa zangetsu [6.8K]

Answer:

The correct option is;

Buy low and sell high

Explanation:

To "buy low and sell high" is a market strategy that involves the idea of buying stocks or goods or other financial instruments, when the market value is at the lowest, and sell when the prices are high or at their peak

That is a profit is made when traders buy stocks or goods at a price lower than they sell

The idea to buy low and sell high is aptly applied to stock market trading that have cycles of high and low prices. But it is also very much applicable to real estate and property, as these are more tangible items although they operate sometimes at a smaller scale.

7 0

3 years ago