Answer:
C.
Explanation:
Wholesaling consist of the sale and all activities in selling goods or services to those who buy for resale or business use.
Characteristics of Wholesaling:
-Wholesalers generally buy merchandise direct from the producers in large quantity mainly in cash.
-They are trading concern having an army of agents and stocks the large quantity of goods, supply or sell goods to the directly or through their agents in small quantities.
-Wholesalers are financially good health. They purchased goods in cash from the manufacturer and sell to the retailers on credit.
-Wholesalers profit margins is very small so that they can maximizes their sales volume to earn maximum profit.
-They deals in limited product line or products.
-They maintain warehouse and godown at different places in the country to facilitate the trade at minimum transportation charges.
They sometimes make the grading of goods under their own name or brand name.
Answer:
1. Accrued Revenue of $ 245
2. Accrued expenses of $ 300
3. Unearned Revenue of $ 600
4. Prepaid expenses of $ 200
5. Accrued expenses of $ 1,200
Explanation:
1. The interest on savings bond is a revenue which has been earned but not received and is thus an accrued revenue.
2. The property expenses are an accrued expenses since these have been incurred but not paid.
3. The unearned portion of the legal fees received is an unearned revenue, since services have not been provided.
4. The unexpired portion of insurance is a prepaid expense
5. Salaried due nut not paid is an accrued expenses since services ahve been received.
Answer:
Concept: Business Administration
- By definition the shrink it and pink it is a method employed by marketing to create a curated color that appeals to the women eye and also retroactively fits their figure and stature.
- Arguably, the strategy is <u>effective</u><u> </u>in principle as it attracts more women buyers that would have otherwise skipped over the said sport apparel. It curated a line of clothing that suits them and makes them feel included. The principle of inclusiveness is a driving factor in this strategy which inherently has increased the sales of women apparel.
Answer:
$15.15
Explanation:
Given:
- D1 = $1.4
- D2 = $1.68
- Growth = 3.4% = 0.034
- Discount rate = 13.7 % = 0.137
As we know that:
- P3= ($1.68 × (1+034)) / (0.137 - 0.034)= $16.86
So, P0:
= $1.40 / 1.137 + $1.68 / 1.1372 + ($1.68+ $16.86)/ 1.1373
= $15.15
Hope it will find you well.
Answer:
The correct answer is $32,460.
Explanation:
According to the scenario, the computation of the given data are as follows:
Total uncollectible amount on 12/31/20 = $730,000 × 7%
= $51,100
So, now we can calculate the total bad debt expense by using following formula:
Bad debt expense = Total uncollectible - Allowance for doubtful Acc. + Amount wrote off
By putting the value, we get
Bad debt expense = $51,100 - $34,500 + ( $21,600 - $5,740)
= $51,100 - $34,500 + $15,860
= $32,460
