Answer and Explanation:
The journal entries are shown below:
On April 8
Cash $9,120
Credit card expense $380 ($9,500 × 0.04)
To Sales $9,500
(Being sale is recorded)
Costs of goods sold $7,021
To Merchandise inventory $7,021
(Being the cost of goods sold is recorded)
On April 12
Cash $7,215
Credit card expense $185 ($7,400 × 2.5%)
To Sales $7,400
(Being sale is recorded)
Costs of goods sold $4,795
To Merchandise inventory $4,795
(Being the cost of goods sold is recorded)
Answer:
4 P's are place, price, product, and promotion
Explanation:
The four P's of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service.
Answer:
B) As volume increases variable cost per unit increases.
Explanation:
As the volume of production and output increases, variable costs will also increase because the variable cost of production is a constant amount per unit produced. Alternatively , when fewer products are produced, the variable costs connected with production will as a result decrease
Variable costs example include direct Labour and material costs
So if the company decides to increase its output (production of product) from example 50 units to 100 units, then more materials and direct Labour are needed
Answer: $64.76
Explanation:
The current share price in this case will be the present value of the dividends,
As the dividends are constant, they can be treated as annuities.
Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate
= 9.45 * ( 1 - (1 + 10.7%)⁻¹³) / 10.7%
= 9.45 * 6.8529386295
= $64.76
