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Elanso [62]
3 years ago
10

Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offe

red a 15% price reduction. The price reduction is an example of a:
Business
1 answer:
mrs_skeptik [129]3 years ago
5 0

Answer:

Sales allowance.

Explanation:

From the question we are informed about Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offered a 15% price reduction. In this case, The price reduction is an example of a Sales allowance.

Sales allowance can be regarded as a reduction in the price that was charged by a seller, this reduction usually occur due to a problem with the product or service that is been sold. The problem could be incorrect price as well as quality problem or short shipment.

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An auditor has determined a $10 million materiality level for a client's balance sheet and a $3 million materiality level for th
Andreyy89

Answer:

D. $ 3 million or more

Explanation:

Since the minimum materiality amount on individual basis is $3 million for client's income statement.

Therefore, whether it is on individually or collectively identified that there is misstatement of at least $3 Million the auditor will consider it material.

They will notify appropriate authorities regarding the misstatement.

5 0
2 years ago
Read 2 more answers
Branch managers at First National Bank report to both a retail banking manager and a central operations officer. One of the mana
Rina8888 [55]

Answer: The type of organizational structure that this most closely resembles is the<em><u> Matrix</u></em> structure.

Explanation:

When a group of people in business are put into formal groups based on their   diverse occupational specialties it is a <u><em>matrix structure</em></u>. The groups that are put together based on similar service, products, clients, customers, and the regions that they are from.

The relationships that each person has are usually set up on a reporting grid. They use the grid which is different than a traditional reporting hierarchy. Each manager has a dual reporting relationship with each other. They can work as a regular functional manager and also a product manager.

5 0
3 years ago
A(n) ________ strategy focuses on new market and product development, innovation, and joint ventures. privatization external gro
Stolb23 [73]

Answer:

Internal growth.

Explanation:

Internal growth strategy is one that uses internal resources to develop a company internally. It focuses on increasing efficiency, hiring the right people, new product development, and better marketing.

Internal growth is also known as organic or natural growth. Growth results in increased profit which is now reinvested in the business.

6 0
3 years ago
The following information was drawn from the annual reports of two companies.
Semenov [28]

Answer:

The answer is D.

Explanation:

Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.

Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100

In the question, gross profit for company A is $400 and sales is $1000

Therefore, gross profit percentage is 400/1000 x 100

=40%

5 0
3 years ago
In the republic of yemen, per capita real gross domestic product (gdp) in 2004 was $2,109. 27. By 2005, it had increased to $2,2
mina [271]

The rate at which Yemen's GDP and economy grew at that was at the rate of $94 per year.

Rate of growth is considered a measure of how a magnitude increases in a determined time. Thus, if the magnitude changes from x1 to x2 in a time t, then the rate of growth is:

r = x2 - x1 / t

Thus, the GDP of Yemen in 2004 went from $2,109 to $2,203 in the year 2005. So,

r = 2,203 - 2,109 / 1

r = $94 per year

GDP counts all of the output generated within the borders of a country. It also measures the monetary value of final goods and services which are bought by the final user and produced in a country in a given period of time.

Hence, the Yemen's economy grew at the rate of $94 per year.

To learn more about GDP here:

brainly.com/question/15682765

#SPJ4

5 0
1 year ago
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