Answer: 7600
Explanation:
The estimated cost of the ending inventory would be calculated as thus'
First, we have to calculate the cost to retail percentage which will be:
= cost/retail price
= 38000/50000
= 0.76
The cost of sales would be:
= net sales × cost to retail percentage
= 40000 × 0.76
= 30400
Then, the ending inventory would then be:
= 38000-30400
= 7600
The options provided are incorrect. The correct answer is given below.
Answer:
The company needs to borrow $5600 to maintain the desired ending balance of $10000
Explanation:
To calculate the amount that Southland will need to borrow, we must first calculate the ending cash balance for the month of August. The ending cash balance can be calculated as follows,
Ending balance = Opening balance + Receipts - Payments
Plugging in the values for beginning balance, receipts and payments for the month, we calculate the ending balance to be,
Ending balance = 18100 + 123000 - 136700
Ending balance = $4400
Difference between desired and ending balance = 10000 - 4400 = 5600
So, the company needs to borrow $5600 to maintain the desired ending balance of $10000
Answer:
Product distribution franchising
Explanation:
Product distribution franchising is a type of franchising in which a franchiser gives a license to a franchisee to sell goods and services under the brand name of franchiser's and trademark. Product distribution franchising is the fastest way to increase the number of sellers and to promote brand name. Large brand names such as, Starbucks, KFC etc have been using this technique for years.
The answer to this item is letter A.
LDC stands for Least Developed Countries. Countries which projects low socioeconomic status are considered to belong to LCs. Thses countries find hard to use their natural resources efficiently because they cannot afford to buy technology to develop their natural resources.