Answer:
Equipment and notes payable
Explanation:
Since the equipment is purchased by signing the note payable which affected the two accounts i.e equipment and the note payable. In this, the cash transaction is not involved, so cash should not be considered
The journal entry would be
Equipment A/c Dr $10,000
To Notes payable $10,000
(Being the equipment is purchased by signing a note payable)
Answer:
The best recommendation to be made to this client is to do nothing.
Explanation:
Investment in stock is a highly risky investment because price of stock often fluctuates which can make an investor to lose a lot of money.
From the question, the client is already old at age 67 with a low income and he does not have any other liquid assets apart from the annual income of $25,000, mainly from social security and interest on funds held in a bank savings account.
Since losing so much money through investment in stock is not affordable to him, the best recommendation to be made to this client is to that he should do nothing.
Julio is
devising a marketing plan for introducing his company's products into a new
market. Julio comes up with customized marketing strategies that cater to the
unique needs of the new market. all his decisions involve risk and uncertainty
as he is unaware of the conditions in the new market. The type of decision
being made by Julio in the above situation is called a non-programmed decision.
Non-programmed decision deals with risk and uncertainty. It is also complex and
unstructured.
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Answer:
All are options for offensive strategy
Explanation:
In this question, we are trying to select an option which is not in terms with the other options as regards what principal offensive strategy should be.
Now, what the term principal offensive strategy refers to is that it is a type of corporate strategy that pushes for changes within the industry. What we are trying to say is that, the principal offensive strategy pursues an agenda that is pushing for a change within the industry.
Efforts might be concerted or individual steps might be taken. Hence, various techniques or strategies are in place to be used.
Offensive strategy types includes, an end run strategy where a company does not want competition and thus explore the part of the market with little or none.
A preemptive one which seek to conform some advantages on the company as it is the first one based on demographics
Others include: an acquisition and a direct attack strategy
Answer:
Explanation:
A common sized income statement is a method of financial statement that express every line item on a financial statement as a percentage of sale for the ease of financial analysis
Tannenhill's % Industry average
Revenue 2,480,000 100 100%
Cost of Goods 1,587,200 64 70
Gross profit 892,800 36 30
Selling expenses 545600 22 17
Admin expenses 198400 8 7
Total ope. Expe. 744000 30 24
Ope. Income 148600 6 6
Other Revenue 49600 2 2
198400 8 8
Other Expenses 24800 1 1
PBIT 173600 7 7
Income Tax 74400 3 5
Net Income 99200 4 2
