Answer:
This indicates that
d.the company has a net loss of $9,575 for the period.
Explanation:
a) Data and Calculations:
Total debits of the balance sheet (assets) = $28,480
Total credits of the balance sheet (liabilities + equity) = $38,055
Difference (net loss) = $9,575 ($38,055 - $28,480)
b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.
Answer:
Entries that were made on August 1 to record the cash received is :
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
Explanation:
When the Inventory items were sold the entries are :
Trade Receivables $23,500 (debit)
Sales Revenue $23,500 (credit)
When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :
Cash $14,700 (debit)
Discount allowed $300 (debit)
Trade Receivable $15,000 (credit)
Answer:
the answer is a market segment
Explanation:
a market segment is a sector in the market that has potential customers and consumers that have similar characteristics and similar tastes along with more or less similar purchasing power.
because of this, the consumers in a market segment will react in a similar way (most of the time) to a given marketing campaign.
The primary goal of an organization's mission statement is to outline the role that the organization plays in society.
The mission statement of an organization is a succinct statement that explains its purpose for being and doing what it does in society. Along with organization describing the organization's major clients, the products they want to sell, and other information, it also discusses the organization's objectives.
In this form of organizational structure, every employee is given two superiors in two different tiers. A "functional" hierarchy guarantees that each sort of expert in a company is well-trained and evaluated by a society supervisor who is a super-expert in the same field. The opposing organization strategy is "executive," which uses specialists to execute projects. Projects may be arranged according to regional areas, customer kinds, or other criteria.
The term "formal organization" refers to a group that has been created with the intention of achieving specific goals. Its design explains how society objectives are separated into constituent parts of the organization. This organizational structure is made up of divisions, departments, roles, jobs, and duties. So, when it comes to interactions with clients or members, the official organization is expected to act impersonally.
Learn more about organization here
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