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3 years ago

Which of the following statements about buying centers is true?

Business

1 answer:

sveta [45]3 years ago

3 0

Answer:

E) The buying center may involve informal participants who are not obvious to sellers.

Explanation:

Buying center can be regarded as a

decision-making unit that is responsible for how some members of an organization that are partaking in buying process of a particular product/services come together. They are groups of people that are involved in purchasing decisions making in an organization, and they can be regarded as professional buyers. This concept came to light by Robinson and Farris

It should be noted that buying center may involve informal participants who are not obvious to sellers.

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A company reported that its bonds (a long-term liability) with a par value of $50,000 and a carrying value of $61,000 are sold f

Dimas [21]

Answer:

c and e

Explanation:

8 0

3 years ago

Goldfinger Corporation had account balances at the end of the current year as follows: sales revenue, $29,000; cost of goods sol

vladimir2022 [97]

Answer:

sales revenue 29,000 debit

income summary 29,000 credit

income sumamry 10,520 debit

operating expenses 6,200 credit

income tax expense 4,320 credit

income summary 18,480 debit

retained earnings 18,480 credit

Explanation:

To close the temporary account we will use an auxiliar account called income summary.

We will post expense in the credit against income summary in the debit

for revenues we will do the other way around, debit aainst income summary on credit.

Last, we transfer the balcne of this account into retained earnigns.

<u>balance of retained earnings: </u>

29,000 - 10,520 = 18,480

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3 years ago

Dixie Mart plans to pay dividends of $1.36, $1.15, $1.35, and $0.40 at the end of the next four years, respectively. After that,

Vera_Pavlovna [14]

Answer:

The correct answer is C. $46.50.

Explanation:

The current value of one share of stock is the present value of all expected future cash flows. The present value (PV) of cash flows in each year is calculated as follows.

PV = Future value / (1 + Rate of return)^Number of years

The future value is the dividend received on the share in a particular year while the rate of return is 11.4% (i.e. 0.114).

Applying the above formula,

$PV_{1} = 1.36 / (1 + 0.114)^{1} = 1.221\\$

$PV_{2} = 1.15 / (1 + 0.114)^{2} = 0.927$

$PV_{3} = 1.35 / (1 + 0.114)^{3} = 0.977$

$PV_{4} = 0.40 / (1 +0.114)^{4} = 0.260$

$PV_{6} = 82.40 / (1 + 0.114)^{6} = 43.114$

Current value of share = $1.221 + $0.927 + $0.977 + $0.260 + $43.114

= $46.50

Hence, the correct option is C. $46.50.

6 0

3 years ago

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product cost

balandron [24]

Answer:

(1) Total cash receipts:

July = $63,800

August = $64,800

September = $68,800

2-a. Ending Cash Balance:

July = $15,00

August = $21,173

September = $35,873

2-b. Loan Balance End of Month:

July = $2,898

August = $0

September = $0

Explanation:

(1) Prepare a cash receipts budget for July, August, and September.

Note: See part (1) of the attached excel file for the cash receipts budget for July, August, and September.

From the attached excel file, we have:

Total cash receipts:

July = $63,800

August = $64,800

September = $68,800

(2) Prepare a cash budget for each of the months of July, August, and September.

Note: See part (2) of the attached excel file for the cash budget for July, August, and September.

In the attached excel file, the following calculation is made:

July loan repayment = July preliminary cash balance - Minimum cash balance required = $17,902 - $15,000 = $2,902

From the attached excel file, we have:

2-a. Ending Cash Balance:

July = $15,00

August = $21,173

September = $35,873

2-b. Loan Balance End of Month:

July = $2,898

August = $0

September = $0

Download xlsx

7 0

3 years ago

Warwick's co., a women's clothing store, purchased $75,000 of merchandise from a sup- plier on account, terms fob destination, 2

Nostrana [21]

This question has a three part answer, with each part broken out below:

A. To record the purchase there is a debit to Purchases and a credit to Accounts Payable, each for $75,000.

B. To record the return there is a debit to Accounts Payable and a credit to Purchases Returns and Allowances, each for $9,000.

C. The amount of the payment is $75,000 - 9,000, which is $64,000. They are paying during the discount period, so will only be paying 98% of this amount, which is $62,720.

The entry is a debit to Accounts Payable for $64,000, a debit to Purchases Discounts for $1,280, and a credit to Cash for $62,720.

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3 years ago