Answer:
BAIT PRICING
Explanation:
This is a pricing decision act on a customer to pick a product higher in price or new model when compared to the advert he/she saw. It is a deceptive marketing strategy and it is misleading.
Answer:
B. No, approval by an individual other than the requestor establishes greater accountability over inventory.
Explanation:
This step is required as it will ensure control over inventory usage.
Answer:
Part 1
<u>Cash Account</u>
$
<u>Debit :</u>
Receive cash from customers 15,000
Sale of Equipment 8,000
Bank Loan 4,000
Totals 27,000
<u>Credit :</u>
Pay cash for employee salaries 9,000
Rent 3,000
Utilities 1,000
Advertising 7,000
Ending Balance 7,000
Totals 27,000
Part 2
Ending Balance is $7,000
Explanation:
Only Cash related purchases and receipts are posted to Cash Account. Thus ignore non-cash related transactions.
The Cash Account : Receipts are posted at the Debit side of this Account and Payments at the Credit Side.
The Balance : After determining the Totals of the Debit and Credit, the shortfall of any of that side represents the Balance.
Answer:
11.11%
Explanation:
Calculation for the common-size balance sheet value of inventory
First step is to find the Total assets
Using this formula
Total Assets=Net fixed assets +Current assets
Let plug in the formula
Total assets = $518 + 274 = $792
Second step is to find the Common -size value of inventory
Using this formula
Common -size value of inventory = Inventory/ Total assets
Let plug in the formula
Common-size value of inventory = $88/$792
= .1111, or 11.11%
Therefore the Common-size value of inventory will be 11.11%
Answer:
Allocated overhead= $30,000
Explanation:
<h3>
First, we need to calculate the plantwide predetermined overhead rate:</h3>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 80,000/16,000
Predetermined manufacturing overhead rate= $5 per <u>direct labor hour</u>
<u>Now, we can allocate overhead to Small Monitors:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Small Monitors:
Allocated overhead= 5*6,000= $30,000
