Sales journals use to record company transactions.
The sales journal sometimes referred to as the credit sales journal, is used to file all income made on account. The sales magazine for the Fortune save is shown underneath. all of the income on account for June are proven in this journal; cash sales are recorded in the coins receipts journal.
A sales journal is a subsidiary ledger used to shop specified sales transactions. Its primary motive is to eliminate a supply of excessive-quantity transactions from the overall ledger, thereby streamlining the general ledger.
The sales journal (additionally referred to as income book and income day e-book) is a special journal that is used to record all credit sales. every transaction that is entered in sales magazine basically outcomes in a debit to accounts receivable account and a credit to an income account.
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Answer:
Total variable cost= $52,700
Explanation:
Giving the following information:
19,000 units:
Total variable costs= $58,900
Fixed costs= $38,000
<u>First, we need to determine the unitary variable cost:</u>
Unitary variable cost= 58,900/19,000
Unitary variable cost= $3.1
Now, the total variable cost for 17,000 units:
Total variable cost= 17,000* 3.1
Total variable cost= $52,700
Answer:
Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.
Explanation:
In marketing, first-mover advantage can be regarded as competitive advantage which is gained by initial significant occupant of particular segment of the market. first-mover advantage can also be regarded as ability of a firm to be better off compare with it's competitors due to the fact that it is the first to market new product category. For instance, Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.
Answer:
The concept of equivalence, also known as economic equivalence, describes the reduction of a series of cash inflows (benefits) and cash outflows (costs) to a single point in time, using a single interest rate, which enables the cash flows to be compared or equated. This implies that while the amounts and timing of the cash flows (both inflows and outflows) may differ, an appropriate interest rate, factoring in the time value of money, will cause one set to be equal to the other. Therefore, to establish economic equivalence, series of cash flows that occur at different points in time must be equalized using a single interest rate through present value calculations.
Explanation:
The concept of equivalence describes a combination of a single interest rate and the idea of the time value of money. This combination helps to determine the different amounts of money at different points in time that are equal in economic value, such that a person would not hesitate to trade one for the other.
For example, if the interest rate is 10% in Year 1 and in Year 2 and you are to be paid $1,000 in Year 1, it will not make any difference to you if you are paid $1,100 in Year 2. This is because, given the prevailing interest rate of 10%, the value you receive in Year 1 and Year 2 are equivalent.