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Irina18 [472]
3 years ago
9

During the taking of its physical inventory on December 31,2008, Genesis company incorrectly counted its inventory as $126,000 i

nstead of the correct amount of $135,000.
Business
1 answer:
SCORPION-xisa [38]3 years ago
8 0

Explanation:

Given:

Wrong inventory needed = $126,000

Right inventory need to recorded = $135,000

Correct amount need to record = 135,000 - 126,000

Correct amount need to record = $9,000

Journal entry

Purchase A/c dr    9,000

To Credit or cash  A/c   9,0000

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Listening skills are important for career success and organizational effectiveness. Considered one of the soft skills, listening
Basile [38]

Answer:

B. become actively involved

Explanation:

If you’re having trouble focusing on a message, you could become actively involved. Doing this means that you can try and add your own input to the theme of the message, which in term would help you learn/understand more details about the message and even add your own opinions to the message itself. Making things personal allows for better focus which in term improves the skills being used, in this case listening.

3 0
4 years ago
What is the best answer choice
Scrat [10]
The answer to that would be B.
3 0
3 years ago
The dividend for Should I, Inc., is currently $1.40 per share. It is expected to grow at 16 percent next year and then decline l
nexus9112 [7]

Answer:

The most you would pay per share is $18.90 price per share today.

Explanation:

Note: See the attached file for the calculation of present values for year 1 to 3 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $1.40

Total of PV of dividends from year 1 to year 3 = $4.50720663265306

Year 3 dividend = $1.55542091836735

Therefore, we have:

Year 4 dividend = Year 3 dividend * (100% + Dividend growth rate in year 4) = $1.55542091836735 * (100% + 4%) = $1.61763775510204

Price at year 3 = Year 4 dividend / (Rate of return - Perpetual dividend growth rate) = $1.61763775510204 / (12% - 4%) = $20.2204719387755

PV of price at year 3 = Price at year 3 / (100% + Required return)^Number of years = $20.2204719387755 / (100% + 12%)^3 = $14.3925325274857

Price per share today = Total of PV of dividends from year 1 to year 3 + PV of price at year 3 = $4.50720663265306 + $14.3925325274857 = $18.90

Therefore, the most you would pay per share is $18.90 price per share today.

Download xlsx
5 0
3 years ago
An effective price ceiling is imposed in a market. This leads to the development of an illegal black market for the product. How
horsena [70]

Answer:

The price on the black market tends to be higher.

Explanation:

When price ceilings are placed in legal markets, buyers are able to get goods and services at lower prices. But sellers may not be willing to sell unlimited supply of goods at the low price. This could lead to artificial scarcity, and formation of black markets.

The main aim of black markets is for suppliers to maximise profits, so a supplier is able to sell his goods at an amount above the price ceiling set in the legal market.

Also black markets are characterised by practices such as tax evasion, which are beneficial to the suppliers.

6 0
3 years ago
Consider firms that introduce new​ products, such as DVDs in 2001. When firms introduce new​ products, how do they typically det
lyudmila [28]

Answer:

D. estimate price elasticity of demand by experimenting with different prices.

Explanation:

Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.

When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.

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3 years ago
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