Answer:
Explanation:
1. Measuring net income for a merchandiser is conceptually the same as for a service company. TRUE
2. For a merchandiser, sales less operating expenses is called gross profit.
FALSE
For a merchandiser,sales subtracted from cost of goods sold is called gross profit.
3. For a merchandiser, the primary source of revenues is the sale of inventory.
TRUE
4. Sales salaries and wages is an example of an operating expense. TRUE
5. The operating cycle of a merchandiser is the same as that of a service company.
FALSE
A perpetual inventory system continuously leeps detailed records of the cost of the each purchase and sale. It shows the inventory that should be on hand for energy item.
Answer:
The correct answer is A
Explanation:
Money is an unit of economic which functions as usually recognized medium for the exchange for the purpose of the transactional in the economy. It provides the service for decreasing the transaction cost.
So, money refer to the kind of wealth, which is regularly accepted by the sellers in exchange for the services and the goods.
Answer:Non- Programmed Decision
Explanation:
In deciding who to hire, L Brands executives had to consider multiple options, which made the decision poorly defined.
So also, the decision had huge important consequences for the company: Picking the wrong CEO could be very costly and may lead to it winding up.
Answer:
The correct answer is letter "C": similar; differentiated strategy.
Explanation:
The advertisement of a product can be shaped according to the region where the good or service will be offered whereas, in some other cases, changes in marketing can be minimal or null. In such scenarios, the standardization approach uses the same marketing method for every country where the company has a presence. This will only work if consumers worldwide have similar needs and preferences.
The differentiated strategy, instead, links customers' expectations, patterns, and cultures with the marketing processes of the firm. This approach aims to give a tailored good or service to different consumers and is mostly used.
Answer:
The net realizable value of the accounts receivable immediately after the writing-off the uncollectible is $26,900
Explanation:
The formula to compute the net realizable value of accounts receivable is:
Net realizable value = Balance of accounts receivable - Balance in the Allowance for Doubtful Accounts
= $30,600 - $3,700
= $26,900
The amount of uncollectible which is written off will not be deducted from the balance of accounts receivable as this amount is already included in Allowance for doubtful account.
