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spin [16.1K]
3 years ago
15

As Nick walks into Mesa Cycles, a local bike shop, he feels at ease owing to the decent lighting and soothing background music o

f the store. He is also impressed with the layout of the store and the easy navigation it provides as he shops. From the given information we can conclude that Mesa Cycles has a well-designed:
Business
1 answer:
kap26 [50]3 years ago
6 0

Answer:

Servicescape

Explanation:

Servicescape is the model which is designed to emphasize the impact of physical environment on the customer who is obtaining the service. Mesa Cycles has also followed service scape model in order to attract its customers with the physical environment. The decent lighting in the shops appeals the visitor. Soothing background music adds pleasure and the layout of the store also impresses the Nick.

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The following selected transactions were completed by Coat Delivery Service durning July: 1. Received cash in exchange for commo
cupoosta [38]

Answer:

1. Received cash in exchange for common stock, $35,00.

Transaction Effect: Receipt of cash will increase in asset, delivery service will increase in stockholder equity

Correct Option: c

2. Purchased supplies for cash, $1,100.

Transaction Effect: Supplies will increase in asset, cash will decrease in the asset

Correct Option: a

3. Paid rent for October, $4,500.

Transaction Effect: Paid cash will decrease in asset and rent expenses will decrease stockholder equity

Correct Option: e

4. Paid advertising expense. $900.

Transaction Effect: Rent paid will Decrease in an asset, decrease in stockholders' equity

Correct Option: e

5. Received cash for providing delivery services, $33,000.

Transaction Effect:  Receipt of cash will increase in asset, delivery service will increase in stockholder equity

Correct Option: c

6. Billed customers for delivery services on account, $58,000.

Transaction Effect: Billing customers will Increase in an asset, increase in stockholders' equity

Correct Option: c

7. Paid creditors on account, $2,900.

Transaction Effect: Creditors payment will Decrease in an asset, decrease in a liability

Correct Option: d

8. Received cash for customers on account, $27,500.

Transaction Effect: Received payment from customers will Increase in an asset, decrease in another asset

Correct Option: a

9. Determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month.

Transaction Effect: Supplies expense will Decrease in an asset, decrease in stockholders' equity

Correct Option: a

10. Paid cash dividends, $2500.

Transaction Effect: Cash payment will decrease in asset, dividend will decrease in stockholders equity

Correct Option: e

7 0
3 years ago
Windsor, the owner of Windsor's Sandwiches contacts a new supplier Gary. He tells Gary that he will pay him $375 if Gary deliver
adelina 88 [10]

Answer:

Bilateral Contract

Explanation:

A bilateral contract is an agreement between two parties in which each side agrees to fulfill his or her side of the bargain.

The bilateral contract is the most common kind of binding agreement. Each party is both an obligor (a person who is bound to another) to its own promise, and an obligee (a person to whom another is obligated or bound) on the other party's promise. A contract is signed so that the agreement is clear and legally enforceable.

In this case Windsor promises to pay $375 and Gary promises to deliver 20 pounds of cheese.

4 0
3 years ago
You are considering the purchase of a new machine to help produce a new product line being introduced. The machine is expected t
miss Akunina [59]

Answer:

A. 4.3 batches

B. 215 parts

C. 3 batches

D. 184 parts

Explanation:

Please find explanation attached

7 0
3 years ago
At the beginning of Year 2, the company repurchased and retired 1,100 shares at $8.10 per share. Prepare the appropriate journal
Tema [17]

Answer:

Explanation:

We have two journal entries to be able record the repurchase and retirement of the shares

First journal to record the share repurchased

Dr Treasury stock 8,910

Cr Cash 8,910

While the second journal is to record the retirement of share repurchased:

Dr Common stock 1,100

Dr Paid-in capital common stock 2,310

Dr Retained Earning 5,500

Cr Treasury stock 8,910

To record the share repurchased:

The Treasury stock account is debited with the amount that is equals to cash paid for stock that is been repurchased, therefore, offsetting entry is credit Cash account = Number of share repurchased multiply Price purchase

= 1,100 * 8.1

= $8,910

Also, to record the retirement of share repurchased:

The common stock account is been debited at the amount = Par value multiply by Share retired

= 1 * 1,100

= $1,100

As one common stock is carried $2.1 value excess of par ( which is calculated as 168,210 / 80,100); paid-in capital account is debited by $2,310 ( 1,100 * 2.1)

The retained earning is been debited by the amount is calculated as follows,;

Number of share retired multiply by ( Price at retired - Par value - Excess of par value) = 1,100 * ( 8.1 -1-2.1) = $5,500

Treasury account is debited $8,910 to bring the balance of this account to zero as stocks repurchased are fully retired.

5 0
3 years ago
Horatio Alger has just become product manager for Brand X. Brand X is a consumer product with a retail price of $1.00. Retail ma
german

Answer:

Horatio Alger

1. The unit contribution for Brand X is = $0.79

2. Brand X's break-even point (in units) = 1,816,456 (in sales dollars) = $1,816,456

3. The market share that Brand X needs to break-even

= 9.1%

4. Brand X's profit impact is 48.9% or $2,347,000

a. If the advertising budget is raised, units that Brand X have to sell to break-even is:

= 2,449,367 units

b. The units that Brand X have to sell in order for it to achieve the same profit impact that it did this year is:

= 5,865,886 units

c. Brand X's market share have to be 25.5% next year for its profit impact to be the same as this year.

d. Brand X's market share have to be 16.2% for it to have a $1 million profit impact.

5. a. Break-even sales units = 2,474,138 units

b. Break-even sales units = 6,520,690 units

c. Brand X's market share have to be 32.6% for its profit impact to remain at this year's level.

d. Brand X's market share have to be 15.4% to generate a profit impact of $350,000.

Explanation:

a) Data and Calculations:

Retail price of Brand X = $1.00

Units sold = 24% of 20 million = 4,800,000 units

Total sales revenue =              $1.00  $4,800,000

Variable costs:

Manufacturing                         $0.09

Selling commision (10% of $1) $0.10

Other selling expense            $0.02

Total variable costs per unit   $0.21  $1,008,000

Contribution margin per unit $0.79  $3,782,000

Fixed costs:

Manufacturing                $900,000

Advertising                       500,000

Brand X manager's salary 35,000    $1,435,000

Net income =                                     $2,347,000

Fixed costs/Contribution margin per unit = $1,435,000/$0.79 = 1,816,456 units

The market share that Brand X needs to break-even

= 1,816,456/20,000,000

= 9.1%

Brand X's profit impact = 48.9% ($2,347,000/$4,800,000 * 100)

With increase in advertising budget to $1 million next year,

a. Units to break-even = $1,935,000/$0.79 = 2,449,367 units

b. Units to achieve same profit impact:

Sales increased by 15% (3/20 * 100)

Net income will increase to = $2,699,050 ($2,347,000 * 1.15)  to make the same impact

Therefore, the units to achieve same profit impact = ($1,935,000 + $2,699,050)/$0.79

= $4,634,050/$0.79

= 5,865,886 units

Market share next year = 25.5% (5,865,886/23,000,000)

Market share to achieve $1 million profit impact

= (FC + Profit target)/$0.79

=  $1,935,000 + $1,000,000)/$0.79

= $2,935,000/$0.79

= $3,715,190

= $3,715,190/$23,000,000 * 100 = 16.2%

Fixed costs = $1,435,000

Retailer's margin raise = 40% from 33%, a 21.2% increase or decrease in price

Therefore, the new selling price = $1.00 * (1 - 0.212) = $0.79

Variable cost = $0.21

Contribution margin = $0.58

To break-even, FC/Contribution margin per unit

= $1,435,000/$0.58

= 2,474,138 units

Break-even units to achieve profit of $2,347,000 = ($1,435,000 + $2,347,000)/$0.58

= 6,520,690 units

Sales = $5,151,345 (6,520,690 * $0.79)

Market sales revenue = $15,800,000 (20,000,000 * $0.79)

= $5,151,345/$15,800,000 * 100

= 32.6%

Market impact of $350,000

Break-even units ($1,435,000 + $350,000)/$0.58

= 3,077,586 units

Sales revenue = $2,431,293 (3,077,586 * $0.79)

Market revenue = $15,800,000 (20,000,000 * $0.79)

Market share = $2,431,293/$15,800,000 * 100

= 15.4%

4 0
3 years ago
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