Answer:
d) The bank does not need to pay because of the fictitious payee rule.
Explanation:
Here, the instrument is issued to a payee who has no interest in instrument and thus it is referred as fictitious payee. According to UCC's fictitious payee rule, the indorsement to fictitious payee is not considered forgery. In this case, the maker or drawer of instrument is liable for it. The drawer bank and collecting bank both are not liable for it.
Answer:
Total= 13,800 units
Explanation:
Giving the following information:
Quarter 1: 15,000 units
Quarter 2: 13,000
Quarter 3: 17,000
Company policy is to have a target finished-goods inventory at the end of each quarter equal to 20 % of the next quarter's sales.
2nd Quarter production:
Sales= 13,000
Ending balance= 17,000*0.20= 3,400
Beginning balance= 13,000*0.2= (2,600)
Total= 13,800 units
Answer:
August 6
Debit: Inventory: (54 * $120) = $6480.00
Credit: Accounts Payable: $6,480.00
August 7 - shipping
Debit: Inventory $320.00
Credit: Cash $320.00
August 10
Debit: Accounts Payable :(4 * $120) = $480.00
Credit: Inventory $480.00
August 14
Debit: Accounts Payable : $(6480 - 480) = $6000.00
Credit: Inventory $60.00
Cash : $(6000 - 60) = $5940.00
(August 14th Inventory: $6000 × 1% = $60)
August 23
Debit: Accounts Receivable ($140*34) = $4760
Credit: sales Revenue $4760
August 23
Debit: Cost of Goods Sold $4,257.00
Credit: Inventory $4,257.00
Explanation:
INVENTORY:
The correct answer is C. The government
Explanation:
The key feature of a planned economy is the strong influence and control of government in the economy. Indeed, in a planned economy it is the government the entity that decides on trade and production, this includes the prices of goods and the types of products that should be manufactured. Moreover, this does not occur in market economies because in these customers, produces and the law of supply/demand determine factors of the economy. According to this, in a planned economy prices are controlled by government.
Answer:
Option C Simple printing needs, purchase decisions made by owner who is price sensitive
Explanation:
The reason is that the needs of the company requires just conveying the message about the swimming pools and the monthly, weekly and daily services subscription packages. It must be clear that each customer of swimming pool company constitutes to very small share of profits. So the marketing strategy required for such customer who reside near the swimming pool requires less costs to tell them about the swimming pool. Th printing will be very simple and less costly and the decision maker here is the owner who knows that to what extent the company must invest in marketing to generate required sales.
