Answer:
The answers are the first and last sentence - "Storing and maintaining goods in a warehouse is a major cost in the distribution channel." & "Often, the retailer and manufacturer contribute to the expenses of store displays together, including end-of-the-aisle promotion."
Explanation:
According to Edmentum:
Warehousing: <u>In the distribution channel, storing and maintaining goods in a warehouse involves major cost.</u> Normally, wholesalers and distributors bear the cost of warehousing.
Delivery expenses: These expenses include the cost of transportation equipment, such as ships, trucks, and trains. Wholesalers usually use courier services to deliver goods to retailers.
Selling expenses: Retailers use various strategies to boost the sales of products in their stores. <u>Often, the retailer and manufacturer together contribute to the expenses of store displays, including end-of-the-aisle promotion.</u>
Answer and Explanation:
The computation is shown below:
a The Due date
= (21 days in april + 31 days in may + 30 days in june + 31 days in july + 7 days in august
So the due date is August 7
b The maturity value is
= $450,000 + ($450,000 × 8% × 120 ÷ 360)
= $462,000
c The journal entry is
Cash $462,000
To Notes Receivable $450,000
To Interest Revenue $12,000
(Being the receipts of the payment of the note at maturity is recorded)
<span>The demand curve for money illustrates the quantity of money demanded at a given interest rate. Notice that the demand curve for money is downward sloping, which means that people want to hold less of their wealth in the form of money the higher that interest rates on bonds and other alternative investments are.</span>
Answer:
d. 2.11 and 2.07
Explanation:
- <em>Basic EPS = Net Income - Preference Dividend / Weighted Average common shares outsanding</em>
= 8.901 / 4.221
= 2.10874
=2.11 aproximately
<em />
- <em>Diluted EPS = Net Income Attributable to common shares holders /Weighted Average dilutive shares </em>
<em />
<em>= 8.901 / 4.305 </em>
<em>= 2,0675</em>
= 2,7 approximately
Answer:
debit Accounts Receivable $350 and credit Unearned Service Revenue $350.
Explanation:
Based on the information provided within the question it can be said that in order to correct this entry the bookkeeper needs to debit Accounts Receivable $350 and credit Unearned Service Revenue $350. This is because the $350 are coming into the account (debit), but since it is for a future service it also needs to be placed as credit Unearned Services.
