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3 years ago

What is an advantage of selling consumable items

2 answers:

5 0

Selling consumable items leads to continual purchase of the commodity. For instance, consumable products like milk and cereal will be purchased frequently. Something like a computer, however, will not be purchased as often. Consumable items have the advantage of constant income, whereas a product like an iPhone may spike in purchases when first released and then decrease as time goes on.

Anna71 [15]3 years ago

4 0

Consumers are constantly buying and eating over and over again.

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For each separate case below, follow the three-step process for adjusting the unearned revenue liability account at December 31.

Anastaziya [24]

Answer:

Step 1) The current balance equals to $ 9000

Step 2)The current balance should equal to (9000/12 * 10) $ 7500

Step 3) the adjusting entry would be

Dec 31 Unearned Revenue $ 1500 (dr)

Revenue Earned $ 1500 (Cr)

Step 1) The current balance equals to $ 400.

Step 2) The current balance should equal $ 100

Step 3) The adjusting entry would be

Dec 31 Unearned Services Revenue $ 300 (dr)

Services Revenue Earned $ 300 (Cr)

Step 1) The current balance equals to $ 3000.

Step 2) The current balance should equal ( $ 30,000/12 *4= $ 10,000) $ 30,000- $ 10,000= $ 20,000

Step 3) The adjusting entry would be

Dec 31 Unearned Rent Revenue $ 10,000 (Dr)

Rent Revenue Earned $ 10,000 (Cr)

5 0

4 years ago

For initial fee plus royalties, Inding Inc., a U.S.-based firm, will provide Caliste Works, a firm based in Singapore, with an e

Alexus [3.1K]

Answer: Franchise

Explanation: Franchise is a type of business by which the owner of a commodity attains supply through affiliated sellers.

In this case, a company authorizes its practical knowledge, techniques, mental power possession, use of its company prototype, trademark and rights to sell its branded commodities and services to another company or individual, typically called a franchisee.

Also, the franchisee pays certain payments while concurring to comply with certain responsibilities usually set out in a franchise treaty.

8 0

3 years ago

Hawkins Company has owned 10 percent of Larker, Inc., for the past several years. This ownership did not allow Hawkins to have s

Darya [45]

Answer:

There will be no recorded change because the equity method comes into play from the acquisition date

Explanation:

In the event that Hawkins Company purchases or acquires another 30 percent of Larker, Inc. to add to their initial 10 percent holding, there will be no change in the investor report. This is because using the equity method, any investor report only starts taking into effect from the day the acquisition was made. Older statements and reports are not tampered with, as the investor did not have up to 40% of the company at that point in time.

7 0

3 years ago

Dock Corporation makes two products from a common input. Joint processing costs up to the split-off point total $33,600 a year.

MArishka [77]

Answer:

The financial disadvantage for the company is 3,500

Explanation:

Computation is Shown Below;

Sales Value at split-off Point = 24000

Subtract: Allocated joint Cost =<u> 16800</u>

Profit if sold at split-off point = 7200

Sales Value after processing = 35500

Subtract: Allocated joint Cost = 16800

Sub: Cost of further processing <u>= 15000 </u>

Profit if Processing further = 3700

Financial Disadvantage = 3700 - 7200 = (3500)

5 0

3 years ago

Read 2 more answers

Suppose there are seven coffee shops located on the same busy street. Iftwo of the coffee shops close, which of the following wi

podryga [215]

Answer:

A. he supply of coffee will increase, since the remaining shops will sell more than before.

Explanation:

Seven coffee shops in one busy street exhibits makes it saturated , therefore, forces of demand and supply will determine sales. When two shops are closed, it implies that there will be less competition and the remaining shops will sell more coffee. Customers would still demand coffee which will lead to more sale for the remaining stores. This makes choice A correct.

4 0

3 years ago