Answer:
Part a
Debit : Accounts Receivable - Vargas Co. $148,600
Debit : Cost of Sales $89,160
Credit : Sales Revenue $148,600
Credit : Merchandise $89,160
Part b
Debit : Freight Expenses $2,100
Credit : Cash $2,100
Part c
Debit : Cash $133,740
Debit : Discount allowed $14,860
Credit : Accounts Receivable - Vargas Co. $148,600
Explanation:
A corresponding cost of sales must be recorded each time a sale is made. The freight costs are company costs for Sievert Co. and will be expensed in the income statement.
The payment due is at 90 % after the discount of 10% given that the payment is made within the credit term of 30 days.
Answer:
C) 8.75%
Explanation:
Number of periods = 4 years
Given return rates = 20%, -10%, 20%, and 5%
To obtain the arithmetic average annual return, add the return rates given for all periods and divide the sum by the number of periods.
Over four years, the S&P 500 index delivered an arithmetic average annual return of 8.75%.
<span>Nutrition Labeling and Education Act
This act requires nutrition labeling on food and standardizes terms such as serving size, "low fat", "light", and the such. It prevents things such as claiming "low calorie" cause the "calories per serving" is only half of the competitors, while specifying an absurdly low serving size that's also half the size the competitors use.</span>
Answer:
D. Functional Strategies
Explanation:
Functional Level Strategy is the strategy which is formulated in other assist in the execution of corporate and business level strategies. These strategies are formulated based on the guidelines given by the top level management.
The functional level management is concerned with tactical decision making i.e making decisions in the operational level of the organisation department which might include production, marketing, finance, human resource, research and development etc.
The functional level strategy is a day to day strategy that assist in achieving the broad aim of the organisation
