Answer:
There are several perks or troubles that Costco business faces.
Explanation:
The first of these perks is the intense competition from other large retailers like Walmart, Target, or Best Buy. While Costco does have a niche: it tends to sell higher quality poducts for a slightly higher price, the competition is nevertheless stiff because that niche does not apply for all product lines that are sold.
The second perk is also competition, from online retailers, especially Amazon, which is larger than any traditional retailer, but also from a myriad of smaller retailers that emerge constantly in the online market, since the internet provides very few barriers to entry for new competitors.
Finally, the third peak is consumer preferences, and that is because consumers are constantly changing their tastes and preferences, especially in developed countries like the U.S. This means that Costco has to constantly adapt to new product lines, and discard other lines.
Answer:
A. debit Finished-Goods Inventory and credit Work-in-Process Inventory.
Explanation:
The work in progress cannot yet be debited because it cannot be sold while the finished goods represent cash.
Answer: Note Receivable
Explanation:
A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.
When a promissory note is received from a customer in exchange for an accounts receivable it is a <em>Note Receivable</em> and the Payee being the creditor will record it as such.
Answer:
Explanation:
The preparation of the report form balance sheet as of August 31, 2019 is presented below:
Sentinel Travel Service
Report form balance sheet
For the year ended August 31, 2019
Assets
Cash $143,125
Account receivable $54,240
Supplies $9,300
Land $248,000
Total assets $454,665
Liabilities
Account payable $19,370
Owner equity
Ending capital $435,295
Total liabilities
And owners equity $454,665
The net income would be
= Fees earned - Office expense - Miscellaneous expense - Wages expense
= $774,800 - $178,205- $15,495 - $371,905
= $209,195
And, the ending capital would be
= Opening capital - withdrawn amount + net income - additional cpiatl
= $209,000 - $29,400 + $209,195 + $46,500
= $435,295
Answer:
Explanation:
Someone you have worked with previously (a coworker). They would be able to speak for how well you work with other people, how you contribute to the environment etc.
Boss from previous job. They can testify to the quality, quantity, regularity and consistency of work + how responsible and dependant you are.
Someone you do volunteer work with or anything extra-curricular related to job. Shows passion and character outside of a professional environment.
A teacher (if its your first job), who can show how well you learn new skills and how willing you are to be critiqued and improve.
