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max2010maxim [7]
3 years ago
9

An analysis of the competition suggests the average retail selling price of an electronic game is $89. The owner of a computer a

ccessories store has a chance to purchase 5 dozen of these games at a delivered cost of $55 per unit. Her normal margin on electronic games is 35%. Should she make the purchase? Why? Why not?
Business
1 answer:
sukhopar [10]3 years ago
4 0

Answer:

Yes, she should buy

Explanation:

The cost price of the electronic games is $55 per unit.

The selling price is $89 per unit.

The margin is dollar = selling price - cost price

=$89- $55

=$34

As a percentage, the margin will be

=34/55 x 100

=61.82%

If her normal margin is 35%, then the offer is good for her.

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Bp's expansion plans were reduced, and its ability to compete with other large multinational oil companies like____ became limit
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2 years ago
Xinghong company is considering replacing one pf its manufacturing machines. The machine has a book value of $44000 and a remain
Artist 52 [7]

Answer:

1. Decrease in Net Income of -$8,500

2. Increase in Net Income of $50,500

3. Replace the old machine with Alternative B

Explanation:

1.

Alternative A  

Cost to Buy New Machine -$117,000

Cash received to trade in old machine $54,000

Reduction in Variable Manufacturing Costs (($33,600*5 years ) - (22,700*5 years )) $54,500

Total change in Net Income -$8,500

2.

Alternative B  

Cost to Buy New Machine -$118,000

Cash received to trade in old machine $54,000

Reduction in Variable Manufacturing Costs (($33,600*5years ) - (10,700*5 years )) $114,500

Total change in Net Income $50,500

<em>3. Replacing the old machine with alternative B will result in an increased income of $50,500 so it is a good option. </em>

5 0
3 years ago
At the beginning of Year 2, the Redd Company had the following balances in its accounts:
bixtya [17]

Answer:

Redd Company

Journal Entries:

1. Debit Inventory $13,100

Credit Accounts payable (Ross Company) $13,100

To record the purchase of inventory on account, terms 2/10, n/30.

2. Debit Freight-in Expense $990

Credit Cash $990

To record the payment for freight.

3. Debit Accounts payable (Ross Company) $900

Credit Inventory $900

To record the return of goods to supplier.

4. Debit Accounts payable (Ross Company) $12,200

Credit Cash $11,956

Credit Cash Discounts $244

To record the payment on account.

5. Debit Accounts receivable $21,500

Credit Sales Revenue $21,500

To record the sale of goods on account, terms 2/10, n/45

Debit Cost of goods sold $12,500

Credit Inventory $12,500

To record the cost of goods sold.

6. Debit Sales Returns $3,000

Credit Cash $3,000

To record the payment of cash for returned goods.

Debit Inventory $2,150

Credit Cost of goods sold $2,150

To record the cost of goods returned.

7. Debit Freight-out Expense $880

Credit Cash $880

To record the payment of freight.

8. Debit Cash $18,130

Debit Cash Discounts $370

Credit Accounts Receivable $18,500

To record the receipt of cash on account.

9. Debit Cash $7,300

Credit Land $7,300

To record the sale of land for cash.

10. Debit Interest Receivable $650

Credit Interest Revenue $650

To accrue interest income.

11. Debit Cost of goods sold $5,750

Credit Inventory $5,750

To record the cost of inventory write down.

Explanation:

a) Data and Analysis:

1. Inventory $13,100 Accounts payable (Ross Company) $13,100, terms 2/10, n/30.

2. Freight-in Expense $990 Cash $990

3. Accounts payable (Ross Company) $900 Inventory $900

4. Accounts payable (Ross Company) $12,200 Cash $11,956 Cash Discounts $244

5. Accounts receivable $21,500 Sales Revenue $21,500, terms 2/10, n/45

  Cost of goods sold $12,500 Inventory $12,500

6. Sales Returns $3,000 Cash $3,000

  Inventory $2,150 Cost of goods sold $2,150

7. Freight-out Expense $880 Cash $880

8. Cash $18,130 Cash Discounts $370 Accounts Receivable $18,500

9. Cash $7,300 Land $7,300

10. Interest Receivable $650 Interest Revenue $650

11. Cost of goods sold $5,750 Inventory $5,750

Inventory write down:

Beginning     $9,000

Purchase        13,100

Return              (900)

Sold             (12,500)

Return            2,150

Net             $10,850

Ending            5,100

Write down $5,750

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3 years ago
True or False<br> A business plan is a sketch of a new product idea.
Likurg_2 [28]
True, in some cases I would argue.
5 0
3 years ago
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