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2 years ago

What account is a affected when goods are sold on credit

Business

1 answer:

katovenus [111]2 years ago

7 0

Answer: account receivable account

Explanation:

The accounts receivable account simply refers to an asset account on the balance sheet which represents the money that is due to a business in the short term. It should be noted that the accounts receivables are created when goods are bought on credit by the buyer.

In such case, when the goods are sold on credit to the buyer, this will lead to a debit on the account receivable account and this will bring about an increase to the company's assets.

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(Vetro Inc) Vetro Inc. is a glass manufacturer that produces glasses of every shape and type. Recently it signed a contract to s

Nataliya [291]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

LSL = 4.96 cm

USL = 5.04 cm

Mean = 5 cm

SD = 0.01 cm

1. Capability Index:

Cpk = min ( $\frac{USL - Mean }{3SD}$ , $\frac{Mean - LSL}{3SD}$ )

So, now, we need to find the following:

$\frac{USL - Mean }{3SD}$ = $\frac{5.04 - 5 }{3 * 0.01}$

$\frac{USL - Mean }{3SD}$ = $\frac{0.04}{0.03}$

$\frac{USL - Mean }{3SD}$ = 1.33

Similarly,

$\frac{Mean - LSL }{3SD}$ = $\frac{5 - 4.96 }{3 * 0.01}$

$\frac{Mean - LSL }{3SD}$ = $\frac{0.04}{0.03}$

$\frac{Mean - LSL }{3SD}$ = 1.33

So,

Cpk = min ( $\frac{USL - Mean }{3SD}$ , $\frac{Mean - LSL}{3SD}$ ) = 1.33

2. Maximum Standard deviation allowed.

Let SD be maximum standard deviation allowed.

So,

Mean - 3SD = 4.96 Equation 1

Mean + 3SD = 5.04 Equation 2

Subtracting Equation 2 from 1, we have

6SD = 5.04 - 4.96

6SD = 0.08

SD = 0.0133

3 0

3 years ago

Consumer ________ helps answer questions such as why people choose one product or brand over another, how they make these choice

neonofarm [45]

Answer: Behavior

Explanation: Consumer Behaviour is the way consumers respond to the purchase of a certain products and services, consumer behaviour is affected by various factors such as PRICE, QUALITY, QUANTITY,INCOME etc.

Certain consumers have specific interest in certain products or services, due to brand loyalty which has emanated from the consistent quality and other product features which they have enjoyed in such products.

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3 years ago

On April 30, 2017, Cupidity Corp. purchased for cash all 200 shares of the outstanding common stock of Venality Corp. for $40 pe

just olya [345]

Answer:

$1,350

Explanation:

Goodwill is the Excess of Cash Consideration over the Net Assets taken over. Net Assets taken over are measured at their Fair Market Value instead of Book Values at the Acquisition date.

Where,

Cash Consideration = $8,000

Fair Value of Net Assets Acquired ($6,000 + ) = $6,650

Therefore,

Goodwill = $8,000 - $6,650

= $1,350

8 0

2 years ago

The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting system appear belo

slamgirl [31]

Answer:

Net loss of $24,600

Explanation:

Sales $773,900

Variable Expenses ($402,100)

Contribution Margin $371,800

Avoidable Expenses of B90D

Fixed Manufacturing Expenses $186,000

Fixed Selling and Admin Expenses %161,200

Total Avoidable expenses $347,200

If the product B90D is discontinued,the contribution margin of $371,800 will be lost by Wengel corporation and costs of $347,200 will be saved.

Therefore there will be net loss of $(371,800-347,200) $24,600 to the company if the product is discontinued.

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2 years ago

Products that the consumer does not know about or knows about but does not initially want are referred to as

marin [14]

<span>Products that the consumer does not know about or knows about but does not initially want are referred to as unsought product. they only buy this product out of danger or it is required. the common unsought products are fire extinguisher and funeral services</span>

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2 years ago

What account is a affected when goods are sold on credit ​

What account is a affected when goods are sold on credit