Answer:
b. exit barriers are high
Explanation:
Declining industries are those industries wherein the industry has saturated and experiences a negative growth. The characteristic of such industries being the products are lesser in demand.
For instance, cassettes and magnetic tapes industry was in demand until the arrival of more advanced forms such as compact discs and usbs, post which those industries turned into declining industries.
A declining industry with high barriers to exit would experience a greater competition since the barriers would encourage competition instead of withdrawal. And with higher costs of withdrawal, the firms continue producing at negative growth.
Answer:
FIFO ending inventory cost: $1,220
LIFO ending inventory cost: $1,164
Explanation:
Beginning inventory 41 units at $42
Sale 31 units at $63
First purchase 17 units at $45
Sale 13 units at $63
Second purchase 25 units at $47
Sale 13 units at $63
End of the year: 26 units
FIFO ending inventory cost: 25 units x $47 + 1 unit x $45 = $1,220
LIFO ending inventory cost: 12 units x $47 + 4 units x $45 + 10 units x $42 = $1,164
If a restaurant purchased a new point of sale terminal by paying one-half of its cost in cash and owing the balance on account. the journal entry requires a debit to an asset, a credit to an asset, and a credit to a liability.
<h3>What is meant by a debit to an asset?</h3>
The term debit to an asset in financial terms is used to refer to the increases that would be seen in an asset.
The term credit to an asset would have to do with the loss to an asset based on the same definition.
Hence we would say that If a restaurant purchased a new point of sale terminal by paying one-half of its cost in cash and owing the balance on account. the journal entry requires a debit to an asset, a credit to an asset, and a credit to a liability.
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The other results that collection managers should monitor for process effectiveness are disclosure to determine whether information requirements are met.
<h3 /><h3>What is the role of a collection manager?</h3>
Related to the supervision and control of an organization's collection department, generating effectiveness in billing and receiving payments.
Therefore, collection managers are professionals responsible for maintaining the company's financial balance in relation to negotiations with customers and partners.
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Answer:
$2,700
Explanation:
Calculation to determine What amount will be recognized as net accounts receivable on the balance sheet as of November 30
Using this formula
Net accounts receivable=November 14 Goods shipped -November 30 Defective merchandise returned
Let plug in the formula
Net accounts receivable=$3,000-$300
Net accounts receivable=$2,700
Therefore The amount that will be recognized as net accounts receivable on the balance sheet as of November 30 is $2,700
