Answer:
A. carries a producer's inventory and performs the functions of a full-service wholesaler
Explanation:
The answer to the question is quite clear. The question is about a manufacturer's branch office. The intent is clear, the branch office in question belongs to a particular manufacturer.
A manufacturer's branch office is typically owned and operated by the manufacturer in a location that is physically different from the manufacturing prlant and the main purpose of this branch office is for the wholesale distribution of manufactured product.
Three Different Types of Wholesalers
1. Merchant Wholesalers - These are primarily into wholesale businesses for different manufacting groups per time. They take products in large quantities from manufacturers and resell to industries, retailers and even smaller wholesalers in smaller quantities.
2. Agents, brokers and commission merchants: They are active middlemen who do not take title of goods like merchant wholesalers but are involved in negotiating on behalf of their manufacturing clients. They are most paid on commission basis based on what business they bring in.
3. Manufacturers' sales branches and offices: The Manufacturer's branch office falls under this category and they are specific wholesale outlets run by the manufacturers themselves to sell their own products.
Considering other Choices in the Question
- Performs a sales function as an option to agents and broker- This is the description of wholesalers type two as described above
- works for several producers and carries noncompetitive, complementary merchandise in an exclusive territory - This is the description of Merchant Wholesalers
- takes title to merchandise but sells only to buyers that call on them, pay cash for merchandise, and furnish their own transportation for the merchandise- This is also the description of Merchant Wholesalers
- brings buyers and sellers together to make sales- This is the description of Agents, brokers and commission merchants.
The total of a company's net sales is its gross sales less any returns, allowances, and discounts.
<h3>What is the formula for net sales?</h3>
- The total income that your company brings in before discounts, returns, and allowances is referred to as gross sales value.
- The following is the net sales formula.
Net sales = Gross sales – Returns – Allowances – Discounts.
- Sales made with a debit card, cash, credit card, or trade credit will all be counted toward the total sales.
- The total number of units sold is multiplied by the price per unit for the purpose of calculating gross sales.
- Example to illustrate net sales
The net sales will be computed with the formula net sales = gross sales – returns – allowances – discounts. The net sales would be $9000 - $1000 - $5000 = $3000.
Gross Sales = $9,000
Returns and Allowances = $1000
Discounts =$5000
Net Sales = $3000.
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Answer:
Estimated manufacturing overhead rate= $38.25 per direct labor hour
Explanation:
Giving the following information:
Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $306,000. The total estimated direct labor hours for the coming year are 8,000
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 306,000/8,000= $38.25 per direct labor hour
An example of a company that I could start is a travel advisory business. The best business structure that would make the most sense is an S corporation. This is because it provides protection from personal liability. It will also allow me to report my share of loss and profits of the company in my tax filings.
Answer:
The correct answer is $10,160.38
Explanation:
According to the scenario, the given data are as follows:
Future value = $12,350
Number of years (n) = 4 years
Discount rate (r) = 5%
Hence, Present value can be calculated by following formula:
Future value = Present value 
$12,350 = Present value 
Present value = 
Present value = $10,160.38
Hence, the correct answer is $10.160.38
