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grin007 [14]
2 years ago
7

When manufacturers such as pampered chef sell directly to consumers, they perform both production and retailing activities?

Business
1 answer:
jekas [21]2 years ago
8 0
That statements is true

Manufacturer is a type of business that transform raw materials into a sellable goods, so technically they can be considered as a producer in the market.
Retailers is someone that sell the goods that produced by the manufacturers to the consumers.

So, in this case, they did perform both production and retailing activities
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im was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting
Masja [62]

Answer:

Unless the company is 100% certain that it can prove Jim's misdeeds and has all the evidence to support their accusation, they should have waited for the police to act first before going to the newspaper. If their is the minimum chance that they cannot prove their accusations, Jim might be able to sue them for libel.

5 0
2 years ago
Chapman Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The com
Ivan

Answer:

Chapman Company

Statement of Cash Flows for the year ended May 2014:

Operating activities:

Cash from customers     $1,238,350

Cash to suppliers              ($683,910)

Salaries & Wages                (277,340)

Other expenses                    (10,548)

Income Tax                           (43,250)

Net Cash from operating activities       223,302

Investing activities:

Plant                                      (17,610)         (17,610)

Financing activities:

Dividends                           (104,312)

Interest                                (73,340)

Bonds                                  (29,870)

Issue of stock                        9,570

Net cash from financing activities        (197,952)

Net cash flows                                          $7,740

Explanation:

a) Data and Calculations:

1. CHAPMAN COMPANY

COMPARATIVE BALANCE SHEET

AS OF MAY 31

                                                 2014                2013

Current assets

Cash                                     $28,560       $20,820

Accounts receivable              75,850          58,940

Inventory                             220,080        250,770

Prepaid expenses                    9,148             7,580

Total current assets           333,638           338,110

Plant assets

Plant assets                        600,070        502,460

Less: Accumulated depreciation

—plant assets                      150,060         125,320

Net plant assets                 450,010          377,140

Total assets                     $783,648       $715,250

Current liabilities

Accounts payable            $123,190        $115,200

Salaries & wages payable  47,660           72,420

Interest payable                  27,980          25,490

Total current liabilities       198,830          213,110

Long-term debt

Bonds payable                    70,770        100,640

Total liabilities                  269,600        313,750

Stockholders’ equity

Common stock, $10 par  370,460       280,890

Retained earnings            143,588         120,610

Total stockholders’ equity 514,048      401,500

Total liabilities and stockholders’

equity                              $783,648     $715,250

2. CHAPMAN COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED MAY 31, 2014

Sales revenue                    $1,255,260

Cost of goods sold                 722,590

Gross profit                             532,670

Expenses

Salaries and wages expense 252,580

Interest expense                       75,830

Depreciation expense              24,740

Other expenses                         8,980

Total expenses                       362,130

Operating income                  170,540

Income tax expense               43,250

Net income                          $127,290

3) Cash Receipts:

Cash from customers $1,238,350

Issue of stock                       9,570

4) Cash Payments:

Cash to suppliers         $683,910

Plant                                   17,610

Income Tax                      43,250

Dividends                        104,312

Salaries & Wages          277,340

Interest                            73,340

Other expenses              10,548

Bonds                              29,870

5) Prepaid Expenses

Ending balance             $9,148

Expenses                        8,980

Beginning balance         7,580

Cash paid                   $10,548

6) Accounts Receivable:

Beginning balance  $58,940

Sales                     1,255,260

Ending balance         75,850

Cash received   $1,238,350

7) Accounts Payable:

Beginning balance $115,200

Purchases                691,900

Ending balance      $123,190

Cash paid              $693,910

8) Purchases:

Ending inventory    $220,080

Cost of goods sold   722,590

Beginning inventory 250,770

Purchases               $691,900

9) Salaries and Wages Payable

Beginning balance $72,420

Expenses               252,580

Ending balance        47,660

Cash paid            $277,340

10) Interest payable:

Beginning balance $25,490

Expense                    75,830

Ending balance        27,980

Cash paid               $73,340

8 0
3 years ago
A FEATURE FILM PROMOTING ENTREPRENEURSHIP SOLD ALMOST HALF OF THE TOTAL TICKETS. TICKETS WERE PRICED AT PHP 75 FOR STUDENTS. IF
mezya [45]

Answer:

150 tickets

Explanation:

Writing out needed parameters :

Price per student ticket (price of one student ticket) = PHP 75

The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250

The number of student tickets sold will be:

Total amout earned from sale / cost per ticket

PHP 11250 / PHP 75

= 150 tickets

6 0
3 years ago
The computation of the alternative minimum tax base begins with regular taxable income. Which of the following is not part of th
klemol [59]

Answer:

A. Subtract state income taxes paid.

7 0
3 years ago
Explain one benefit to a business of using crowd funding as a source of finance
Anna35 [415]

Answer:

Explanation:

Crowdfunding can be regarded as a way in which businesses can raise funds through the contribution of large number of people to the project.

SPEED AND ACCESSIBILITY

Crowdfunding helps the entrepreneur/ Businesses to get the necessary capital without passing through arduous process involving in loan collection, and this is good for small and medium companies that doesn't have enough creditworthiness in taking loan. As far as crowdfunding is concerned, no special qualifications involved in starting a crowdfunding campaign, within some hours ones page can be outlined and make visible to crowdfunding platform’s audience. There is no hunt down of specific venture capitalists.

4 0
3 years ago
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