Answer:
On October 5
Debit Accounts receivable $6,370
Credit Sales Revenue $6,370
Debit Cost of goods sold $3,420
Credit inventory account $3,420
October 8
Debit Sales Revenue (Sales return) $680
Credit Accounts receivable $680
Debit Inventory account $440
Credit Cost of goods sold $440
Explanation:
When goods are on account, the entries required are
Debit Accounts receivable
Credit Sales Revenue
To record the amount made from sales. Furthermore, there is a reduction in inventory. This will also be accounted for by
Debit Cost of goods sold
Credit inventory account
When returns are made, the debits and credits above are reversed.
Answer:
4.00%%
a
Explanation:
F = P( 1 + r) ^n
15573.16 = 12800 * (1 +r) ^5
1.217 = (
1 + r =
r = * 100 = 4.00%
F = p(1+ r) ^ n
P =
P = 1
Therefore the correct option is a
Answer: The answer is: aggregating prospective buyers into groups that have common needs and will respond similarly to a marketing action.
Option E.
Explanation: Market segmentation is the process of dividing a broad consumer base or business market, that often consists of both existing customers and potential customers, into sub-groups of consumers who share a similar need or characteristic, and will respond similarly to a marketing strategies.
The importance of market segmentation is that it ensures that a firm/company will precisely reach a consumer with specific needs and wants.
Answer:
a. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend.
- 1) $7 per stock
- 2) $7 per stock
b. Indicate the balances in the three stockholders? equity accounts after the stock dividend shares have been distributed.
- Common stock $589,050
- Paid-in capital in excess of par - common stock $83,550
- Retained earnings $625,400
Explanation:
since it is a "small" stock dividend, it will be carried out at market value and not at par value.
the total number of stocks = $535,500 / $7 par value = 76,500 stocks
total transaction = 76,500 stocks x $14 x 10% = $107,100
the journal entry should be:
Dr Retained earnings 107,000
Cr Common stock 53,550
Cr Paid in capital in excess of par value 53,550
total common stock account = $535,500 + $53,550 = $589,050 / 84,150 stocks = $7 per stock
Answer:
Value is the benefit that a consumer could receive if they consume a certain type of goods or service. This value tend to be different between customers' situation.
Price is the amount of resources that the consumer need to sacrifice in order to obtain a certain type of goods or services.
The value of the products and services will determine the amount of money that the consumes willing to pay to acquire them. Most consumers are not willing to make a purchase if the price exceeds the perceived value.
A consumer surplus will occur if the amount of price that the consumers spend to purchase that goods is lower compared to the amount of price that they're willing to pay based on the value.