Answer:
Kindly check Explanation
Explanation:
1st of July 2014:
No journal entry Dr.
No Journal entry Cr.
1st of September 2014:
CASH 2300 Dr.
ACCOUNTS RECEIVABLE 390 Dr.
INVENTORY 1700 Cr.
SALES REVENUE (2300/2890)×2690 - - 2140.8 Cr
UNEARNED SERVICE REVENUE (590/2890)×2690 - - - 549.2 Cr.
15th October 2014 :
CASH (2690 - 2300) - - 390 Dr.
UNEARNED SERVICE REVENUE - - 549.2 Dr.
ACCOUNTS RECEIVABLE - - - 390 Cr.
SALES REVENUE - - - 549.2 Cr.
Answer:
D
Explanation:
The action being used here is the psychological pricing action.
It tends to appeal to the buying reasoning of the buyer. In this system of pricing, the prices of goods are intentionally placed using odd figures. This is because, it is believed that setting prices at these type of price ranges have a psychological effect on the consumer
The 0.01 cent difference would appeal to the psychological thinking of the consumer, thereby making him purchase the goods which in fact is same price when looked at technically
All in all, the pricing system is looking to make the buyer take a decision which will favor the seller as the fractional bits taken off the price would appear to the customer as if he’s purchasing at a lesser price which is technically not so
Answer:
the unemployment rate rises.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Potential GDP is the GDP of an economy when labour and capital are employed at their sustainable rate.
Real GDP has been adjusted for inflation. It reflects the value of goods and services produced in an economy.
When the real GDP of an economy grows more slowly than potential GDP, it means that the resources in the economy, labour and capital are not employed at their sustainable rate. This is referred to as output gap. As a result of the output gap, the unemployment level rises
Answer:
$9,360
Explanation:
Cost Retail Ratio
Inventory, May 1 $10,440 $14,500 .72
Purchases 31,550 42,900
Freight-in 2,000
Purchase discounts (250)
Net markups 3,400
Net markdowns (1,300)
Totals excluding
beginning inventory 33,300 45,000 .74
Goods available $43,740 59,500
Sales (46,500)
Inventory, May 31 $13,000
Estimated inventory,
May 31 ($13,000 × .72) $ 9,360
