Answer:
J1
Cash $540 (debit)
Cost of Goods Sold $240 (debit)
Sales Revenue $540 (debit)
Inventory $240 (credit)
J2
Warranty Provision $38 (debit)
Direct Materials $38 (credit)
Explanation:
September 1 entries to record the cost and sale of the mower are :
Cash $540 (debit)
Cost of Goods Sold $240 (debit)
Sales Revenue $540 (debit)
Inventory $240 (credit)
The Warranty Expenses is recorded as :
Warranty Expense $32.40 (debit)
Warranty Provision $32.40 (credit)
Warranty = $540 × 6% = $32.40
When the mower is brought i for repairs, the amount of Provision is used as follows :
Warranty Provision $38 (debit)
Direct Materials $38 (credit)
The price of an item, the amount you pay per 100 grammes and comparison of quality and/or price from different brands/stores.
Answer:
Check the following calculations
Explanation:
Sara with selling option
Selling Price = 800000
acquisition cost = 200000
Capital gain = 600000
- Intersest earned on 800000 @ 4% for 20 Years = 800000 * CVF @ 4% 20 Years
800000* 1.464 = 1171200 - 800000 = 371200
- Tax on interest Income = 371200 * 28% = 103936
- Tax on capital Gain = 600000*23.8% = 142800
- Total Tax on selling of land = 103936 + 142800 = 246736
Capital gain = 600000
Intersest earned on [email protected]% for 20 Years = 750000 * [email protected]% 20 Years
750000* 1.464 = 1098000 - 750000 = 348000
- Tax on interest Income = 348000 * 28% = 97440
- Tax on capital gain = 600000*15%= 90000
total Tax on contract = 97400+ 90000 = 187440
Saving of tax on contracting = tax on sale - tax on contract = 246736 - 187440 = 59296
Answer:
<em><u>Customer Relationship Management.</u></em>
Explanation:
Customer relationship management is a strategic business tool that helps lower costs and increase revenue and build customer loyalty. It is a system whose focus is on customer experience optimization, it connects the entire team through one device, stores and manages current and potential customer information such as address, phone, email and all points of interaction with the company. Simplifies tasks for effective lead tracking, Provides instant recommendations. Customizes, and expands as your organization grows.
The benefits of the customer relationship management system are:
- the optimization of processes and manual efforts,
- the organization of contacts,
- the acceleration of sales,
- increased customer satisfaction,
- error correction,
- better customer service.
Managing customer interaction with the company is essential to strengthening the brand and creating a value relationship with the customer.
Answer: As the Oxford dictionary states it, Probability means ‘The extent to which something is probable; the likelihood of something happening or being the case’.
In mathematics too, probability indicates the same – the likelihood of the occurrence of an event.
Examples of events can be :
Tossing a coin with the head up
Drawing a red pen from a pack of different coloured pens
Drawing a card from a deck of 52 cards etc.
Either an event will occur for sure, or not occur at all. Or there are possibilities to different degrees the event may occur.
An event that occurs for sure is called a Certain event and its probability is 1.
An event that doesn’t occur at all is called an impossible event and its probability is 0.
This means that all other possibilities of an event occurrence lie between 0 and 1.
Explanation:
