Answer:. ............$
1. Bad debt Dr. 11.0000
Account receivable Or. 11.000
Narration: Bad debts writing off debtors
2. Cash/Bank. Dr 1800
Profit or loss Cr. 1800
Narration. Bad debt previously written off recovered
3. Profit or loss Dr 4000
Allowance for doubtful debts Cr
4000
Narration. Increase in provision for doubtful debts.
Answer:
The correct answer is Profit.
Explanation:
According to the scenario, the given data are as follows:
Current market price = $4.50
Long run average cost = $3.50
As we know the following terms of the market, i.e
- If market price is greater than the cost, than it will give profit
- if market price is lower than the cost, than it will give loss.
Hence, from the above statement, as the firm is showing the greater market price and lower cost it will result is Profit to the firm.
Answer:
Explanation:
Where the culture and the mode of living are completely different, international business is going beyond boundaries.
People of single culture and region are been dealt with in the domestic business, and it is easy to know what the customer needs. Many cultures are been dealt with when it comes to international business, and there is a need for product customization as per the location. This would require a team that manages these issues in each region.
Hence, when compared to domestic business, the business will be in a large mode. Thus, there is a separate course for international business which helps us to reach the heights we require to see the whole world.
Based on the explanation above, the statement given in the question is false.
Answer:
Letter c is correct. <em>Primacy effect.</em>
Explanation:
The primacy effect is a phenomenon that describes about the preference that humans have over a first choice, that is, individuals generally have a preference for the first data they receive about something, than the next data. This effect is compared to the first impression, which is the initial perceptions we get from meeting someone that are difficult to change even over time.
A good strategy for salespeople is to bring their highest performing product on the first visit, to have a positive effect on customer expectations and encourage sales.
Answer:
Contribution margin per unit = $45.90
Contribution margin as sales percentage = 43.97%
Explanation:
As for the information provided we have,
Normal Sales = Normal sales per month, before the overseas order.
For such normal sales, the cost and sales data has been provided,
Selling price per unit = $104.40
Variable costs = Direct material + Direct Labor + Variable Manufacturing + Variable selling & Administrative
= $43.80 + $10.40 + $1.90 + $2.40 = $58.50
Contribution margin per unit = Selling price - Variable cost per unit = $104.40 - $58.50 = $45.90
Contribution margin as sales percentage = 
43.97%
