Answer:
Production for January 368,100
Explanation:
January Production:
sales requirement 320,000
desired ending inventory 35% of next month sales
35% of february sales
35% of 315,000 = 110,250
Total needs 430,250
beginning Inventory (62,150)
Production for January 368,100
Desired ending + sales is the amount we need to cover for january
the beginning inventory are work already done to reach this need, so we subtract it.
Answer:
Medlock will receive $2,940
Explanation:
Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
According to given data
Sales = $3,000
As the payment is made within discount period, so discount will be availed
Discount = $3,000 x 2% = $60
Now deduct the discount from due balance to calculate the amount received.
Amount Received = $3,000 - $60 = $2,940
Answer:
The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power
Explanation:
Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.
For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.
Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).
Answer: Option A
Explanation: Outsourcing can be defined as a situation in which a company hires another company for performing some activities that are non core for the hiring companies.
For, example a company having business of making soft drink might outsource its advertising activity.
One problem with outsourcing is that it leads to no internal control of the hiring company's management on that particular activity, leading to high probability of fraud or failure.
Thus, if an activity needs internal control it should not be outsourced.
Answer:
The statement is correct as well as true
Explanation:
In the cash basis of accounting, is the one of the methods or way of recording the accounting transactions for expenses as well as revenue only, when the corresponding cash is collected or received or payments are made.
Whereas the revenues will be recorded only when the customer pay for the billed service or the product and also record the payable when it is paid by the company.
Therefore, in the cash flows accounting, the timing of recording the inflows and the outflows of the cash matches the reporting of the expenses and revenues in the income statement.
