Explanation:
The journal entries are as follows
On December 31, 2020
Cost of goods sold $24,650
To Allowance for reduction in inventory to NRV $24,650
(Being the cost of goods sold is recorded)
It is computed below:
= $379,880 - $355,230
= $24,650
On December 31, 2021
Allowance for reduction in inventory to NRV $3,640
To Cost of goods sold $3,640
(Being the allowance for reduction is recorded)
It is computed below:
= $24,650 - ($445,440 - $424,430)
= $24,650 - $21,010
= $3,640
By offering affordable yet high quality cars to its customers, Hyundai is engaging in the positioning approach of <u>a. </u><u>positioning </u><u>based on </u><u>value</u><u>.</u>
When a company uses the value positioning approach, they:
- Offer high quality products and services
- Try to capture the loyalty of their customers by offering a better product than others
Hyundai is offering cars that are of a high quality with extended warranties and on top of that, offer impeccable service as well. They are therefore offering their clients, high quality products and services.
We can therefore conclude that Hyundai is using the value based positioning approach.
<em>Find out more at brainly.com/question/14630427.</em>
Options for this question include:
a. positioning based on value
b. positioning based on symbolism
c. positioning against a specific competitor
d. positioning using perceptual mapping
Answer:
$60,000
Explanation:
Under accrual basis of accounting,
Revenues are recorded when it's earned, it does not base on when it is collected.
So the Revenues for 2016 should be $250,000 alone.
Similarly, expenses are recorded when it is incurred rather than when it is paid.
So the Expenses for 2016 should only be $190,000
As a result, the <u>Net Income is $60,000</u> ($250,000 - $190,000)
<span>We can use line graphs, pie graph,bar graphs and scatter point graphs to present data.Line graph will display the data in connected points form which is line that changes continuously over time.Pie charts graph represents graphical data and it is the best use for comparison.Bar graphs is similar to line graph but it represent in planes to define an value instead of points and lines.Scatter point graph uses coordinates to display the values for sets of data</span>