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3 years ago

What is home trade businness

2 answers:

8 0

Domestic trade, also known as internal trade or home trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. ... Retail trade is concerned with the sale of goods in small quantities to consumers.

Margaret [11]3 years ago

6 0

Answer:

Home trade is the buying and selling of goods (with the aim of making profit) among people of the same country.

Explanation:

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Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job order cost

arsen [322]

Answer:

A.Dr Materials 504,800

Cr Account payable 504,800

B.Dr Work in process 487,300

Dr Factory overhead 4500

Cr Materials 491,800

C.Fabric Ployester filling Lumber Glue

$29,400 $16,100 $30,400 $6,500

Explanation:

Entries for Materials Kingsford Furnishings

a) Journal entry

Fabric $96,600

Polyester filling 134,300

Lumber 264,700

Glue 9,200

Total 504,800

Dr Materials 504,800

Cr Account payable 504,800

b) Journal entry

Dr Work in process 487,300

(491,800-4500)

Dr Factory overhead 4500

Cr Materials 491,800

c) Calculation of the ending balance

Fabric Ployester filling Lumber Glue

Beginning balance

$19,100 5,700 42,800 1,800

Purchase

$96,600 134,300 264,700 9,200

Used

-$86,300 -$123,900 -$277,100 -$4,500

Ending balance

$29,400 $16,100 $30,400 $6,500

3 0

4 years ago

The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. wha

Marrrta [24]

The answer is $48.

The seller of product a has no idle capacity and can sell all it can produce at $60 per unit. outlay (variable) cost is $12. $48 is the opportunity cost, assuming the seller sells internally

It is calculated as follows:

Opportunity cost= Production cost- Outlay cost

= 60-12

=$48

Opportunity costs represent the potential benefits which any individual or investor, or any business misses out on when choosing one alternative over another.

Because the opportunity costs are generally unseen by definition, they can be easily overlooked. Understanding of the potential missed opportunities when any business or any individual chooses one investment over another investment allows for better decision making.

To know more about opportunity cost here:

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5 0

2 years ago

Melanie is the director of human resources for a small manufacturing firm. She has a strong personal interest in technology, and

zepelin [54]

Answer:

Influencer

Explanation:

An influencer is a person that has the ability to affect the purchasing decision of customers through their authority, position, relationship, or relationship.

They have good social relations and this is an asset in directing customer buying decision.

In the given scenario Melanie has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies.

This knowledge will be beneficial in the buying centre, where she can be an influencer.

7 0

3 years ago

Domino Foods, Inc., manufactures a sugar product by a continuous process involving three production departments—Refining, Siftin

Artist 52 [7]

Answer:

Domino Foods, Inc Journal enties

Sept 30

Dr Refining work in processs 400,000

Cr Material 400,000

Sept 30

Dr Refining work in processs 150,000

Cr Labour 150,000

Sept 30

Dr Refining work in processs 100,000

Cr FOH control account 100,000

Sept 30

Dr Stiffing work in processs 575,000

Cr Refining work in processs575,000

Explanation:

Domino Foods, Inc Journal enties

Sept 30

Dr Refining work in processs 400,000

Cr Material 400,000

Sept 30

Dr Refining work in processs 150,000

Cr Labour 150,000

Sept 30

Dr Refining work in processs 100,000

Cr FOH control account 100,000

Sept 30

Dr Stiffing work in processs 575,000

Cr Refining work in processs575,000

(400,000+150,000+100,000-40,000-35,000)

3 0

3 years ago

Read 2 more answers

The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement For the Year Ended De

vovangra [49]

Answer:

(a) Net cash flow provided by operations for Simon Co. for the year ended December 31, 2020 is $1,580.

(b) The correct answer is Option A.

Explanation:

(a) Preparation of statement of cash flows extract

Simon Co.

Statement of Cash Flows (extract) for the Year Ended December 31, 2020

Net income $840

Add: Depreciation and amortization expense 640

Decrease in Accounts receivable 90

Increase in Income taxes payable 70

Less: Increase in Inventory 40

Decrease in Accounts payable 20

Net cash flows from operating activities $1,580

(b) The difference is mainly from timing and recognition. The cash flows from operations is a valuable tool used by investors to evaluate a company's financial strength. This section of the cash flows is regarded as the <em>cash version of net income </em>as non-cash items are added back to net income and it also considers changes in working capital, including current assets and current liabilities.

6 0

3 years ago

What is home trade businness​

What is home trade businness