Just because a firm is able to use its resources, capabilities, and competencies to

A merchandiser is a business that sells merchandise, or goods, to customers. There are two main types of inventory accounting sy

bagirrra123 [75]

Answer:

a. Feb. 2

Dr Merchandise Inventory $23,800

Cr Accounts Payable $23,800

4 Dr Merchandise Inventory $50

Cr Cash $50

9 Dr Accounts Payable $5,200

Cr Merchandise Inventory $5,200

14 Dr Accounts Payable $18,600

Cr Cash $18,228

Cr Merchandise Inventory $372

2. Inventory cost $18,278

Explanation:

a. Preparation of the journal entries

Feb. 2

Dr Merchandise Inventory $23,800

Cr Accounts Payable $23,800

4 Dr Merchandise Inventory $50

Cr Cash $50

9 Dr Accounts Payable $5,200

Cr Merchandise Inventory $5,200

14 Dr Accounts Payable $18,600

($23,800 − $5,200)

Cr Cash $18,228

($18,600 – $372)

Cr Merchandise Inventory $372

($18,600 × 0.02)

2. Calculation to determine how much did the inventory cost Burlington Drug Store

Inventory cost =($23,800 + $50 – $5,200 – $372)

Inventory cost =$18,278

Therefore how much did the inventory cost Burlington Drug Store is $18,278

8 0

3 years ago

Lusk Corporation produces and sells 15,500 units of Product X each month. The selling price of Product X is $25 per unit, and va

Oxana [17]

Answer:

($62,000)

Explanation:

Calculation for the monthly financial advantage (disadvantage) for the company of eliminating this product

Keep Product X Drop Product X Difference

Sales $387,500 $0 $(387,500)

($25 per unit *15,500=$387,500)

Variable expenses $294,500 $0 $294,500

($19 per unit*15,500=$294,500)

Contribution margin $93,000 $0 $(93,000)

Fixed expenses $105,000 $74,000 $31,000

Net operating income (loss)$(12,000)$(74,000)$(62,000)

Therefore the monthly financial advantage (disadvantage) for the company of eliminating this product will be decrease in Net operating amount of ($62,000).

3 0

3 years ago

Knox Company has a new product with a projected selling price of $6.00 each. It estimates that it could sell 100,000 units annua

Pachacha [2.7K]

Answer:

350,000

And if done per unit, $3.50

Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

The target cost of the product is the difference between the selling price and the anticipated profit.

Target cost per unit

= $6.00 - $2.50

= $3.50

Total Target cost = $3.50 * 100,000

= $350,000

6 0

3 years ago

g you are deciding between a conventional air conditioner and a high efficiency (High SEER) unit. The high efficiency unit costs

Ivanshal [37]

Answer:

no se lo siento /╲/\╭(•‿•)╮/\╱\

5 0

3 years ago

Creswell Farms produces and sells clover honey and wants to expand its product line. A brainstorming session results in 40 diffe

Gwar [14]

Answer:

In this scenario, Creswell Farms is in the idea generation stage of the new product development process.

Explanation:

Idea generation stage refers to the stage which involves the creation, development, and communication of the ideas. The process involves the construction of the idea and transforming the concepts into reality. The initiation of a project begins with the generation of the idea generation stage. In the above case, the suggestions are provided which would help the business of the product. Hence, this refers to the idea generation stage.

7 0

3 years ago