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SIZIF [17.4K]
3 years ago
7

__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver

them.
A. Rack jobbers
B. Catalog wholesalers
C. Drop-shippers
D. Truck wholesalers
E. Cash-and-carry wholesalers
Business
1 answer:
bagirrra123 [75]3 years ago
6 0

Answer:

Option C (Drop-shippers) is the correct choice.

Explanation:

  • Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly.
  • The products are owned by Drop shippers but they have never handled or executed them.

Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.

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A company's balance sheet shows: cash $28,000, accounts receivable $34,000, equipment $58,000, and equity $76,000. what is the a
fredd [130]
The amount of liabilities is $196,000
7 0
3 years ago
Read 2 more answers
Gross payroll for the employees of Bannister Enterprises totals $100,000 per week. From this must be withheld Social Security ta
bogdanovich [222]

Answer:

B) $77,350

Explanation:

Gross payroll=$100,000

Social Security taxes =6.20%

6.20/100×$100,000

=0.062×$100,000

=$6,200

Medicare taxes = 1.45%.

1.45/100×$100,000

=0.145×$100,000

=$1,450

federal and state income tax =15%

15/100×$100,000

=0.15×$100,000

=$15,000

Total Withholdings=

$6,200+$1,450+$15,000

=$22,650

Total employee compensation= Gross earnings-total withhold

=$100,000-$22,650

=$77,350

4 0
3 years ago
Which of the following statements regarding PERT analysis is true? a. Each activity has two estimates of its duration. b. Projec
olganol [36]

Answer:

It's c.

Explanation:

Program Evaluation and Review Technique (PERT) is a method used in program management. It analyzes the time required to complete each task in a project and so tries to determine the minimum time to complete a project. It was developed by the US Navy in 1957.

In PERT analysis:

  • there are 3 time estimates for every activity: optimistic, pessimistic, and most likely
  • you have to find the Critical Path. The Critical Path is the longest path of scheduled activities that must be met in order to execute a project.  It is important to know because any problems on the critical path can prevent a project from moving forward and be delayed. Therefore only critical activities can contribute to the project variance.
8 0
2 years ago
A note payable was executed by Sterling Inc. to Miami Finance Company. Sterling Inc. used $768,000 of its accounts receivable as
denpristay [2]

Answer:

See all the entries below.

Explanation:

a. Record the entry for Sterling to record the secured borrowing.

The entries will look as follows:

<u>Account Name                                    Debit ($)           Credit ($)    </u>

Cash (768,000 * 85%)                       652,800

  Note Payable                                                              652,800

<em><u>(To record the secured borrowing.)                                                    </u></em>

b. Record the entries for Sterling to record (1) the collections and (2) the payment to Miami for the first month.

The entries will look as follows:

<u>Account Name                                    Debit ($)           Credit ($)      </u>

Cash                                                   504,320

Refund Liability                                    20,480

  Accounts Receivable                                                 524,800

<u><em>(To record collection on receivables for first month.)                         </em></u>

Interest Expense                                     4,480

Note Payable                                      499,840

  Cash                                                                             504,320

<u><em>(To record payment to Miami for the first month.)                               </em></u>

c. Record the entries for Sterling to record (1) the collections for the second month and (2) the final payment to Miami.

The entries will look as follows:

<u>Account Name                                    Debit ($)            Credit ($)     </u>

Cash                                                    238,080

Allowance for Doubtful Debt                  5,120

  Accounts Receivable (w.1)                                          243,200

<u><em>(To record collection on receivables for second month Interest.)     </em></u>

Expense                                                   1,920

Note Payable                                       151,040

  Cash (w.2)                                                                      152,960

<u><em>(To record final payment to Miami.)                                                      </em></u>

Workings:

w.1: Accounts Receivable = Amount of accounts receivable as collateral – Cash received from customer = $768,000 - $524,800 = $243,200

w.2: Cash = Loan - First payment for principal = $652,800 - $499,840 = $152,960

3 0
2 years ago
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as foll
gavmur [86]

Answer:

1-a. ACME corporation is 1.26

Wayne corporation is 1.09

1-b. ACME corporation

Explanation:

                                     ACME ($ in millions)               Wayne ($ in millions)

Total current assets          $ 12,987                                 $ 8,258

Total current liabilities      $ 10,301                                  $ 7,545

1-a) Formula for calculating current ratio: Current ratio = Current assets ÷ Current liabilities

ACME corporation, current ratio = $ 12,987 million ÷ $ 10,301 million  = 1.26

Wayne corporation, Current ratio = $ 8,258 million ÷ $7,545 million = 1.09

1-b. The higher the current ratio, the better the liquidity position. ACME corporation has the better ratio.

5 0
2 years ago
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