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2 years ago

16. The process of selling goods and services to a customer to earn a profit is called;

Business

1 answer:

dedylja [7]2 years ago

7 0

Answer:

The process of selling goods and services to a customer to earn a profit is called the marketing concept.

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Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i

Alecsey [184]

Answer:

a) Journal entries to record the sale on January 2, 2020:

Debit Accounts Receivable with $407,000

Credit Sales Account with $368,500

Credit Deferred Revenue (Installation Fee) with $38,500

Being sales of goods and installation services.

b) Income Statement for 1st Quarter of 2020

Sales - $368,500

Installation Fee - $19,250

Total Income - $387,750

less cost of sales - $320,000

Net Income - $67,750

c) The revenue Shaw should recognize in relation to the sale to Ricard is $387,750 (goods and accrued installation fee). The installation fee to be recognized is for 3 months only.

Explanation:

The installation fee is for 6 months. Therefore, 3 months' worth of fee will be recognized in the income statement ending on March 31, 2020.

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2 years ago

Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing

Alchen [17]

Answer:

Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing in two CPEC projects, “Expansion Zone North” and “Expansion Zone East”. The initial cost of each project is Rs. 10,000. Company discount all projects based on WACC. Further, all the projects are equally risky projects and the company uses only debt and common equity for financing these projects. It can borrow unlimited amounts at an interest rate of rd 10% as long as it finances at its target capital structure, which calls for 50% debt and 50% common equity. The dividend for next period is $2.0, its expected that they will grow at the constant growth rate of 8%, and the company’s common stock sells for $20. The tax rate is 50%.

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3 years ago

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Theresa, an HR manager, works for a firm that is planning to expand overseas. Theresa is in the process of workforce planning an

podryga [215]

Answer:

Identify labour supply-demand gaps

Explanation:

Theresa as an HR manager must identify the labour supply-demand gaps. She has identified the firm's labour demand, and now the next step should be to identify the supply of labour and then to understand the gap. The labour supply-demand gap will help the HR manager to identify the possible changes which she must do to fulfil the firm's labour demand.

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3 years ago

What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?

GarryVolchara [31]

I'm assuming single means non-married, in that case your max repayment would be $1,250

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3 years ago

What happens during the exit stage of a company?

bekas [8.4K]

<span>The Exit stage is when the entrepreneur gets out of the day-to- day commitment of running the company.</span>

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3 years ago

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