Answer:
1) October 1:
1.1
Debit Cost of Goods sold $3,600
Credit Merchandise $3,600
1.2
Debit Cash $6,000
Credit Revenue $6,000
2) October 7
2.1.
Debit Revenue $670
Credit Cash $670
2.2.
Debit Merchandise $402
Credit Cost of Goods sold $402
Explanation:
1. October 1: when sold goods, the company recorded Cost of Goods sold and revenue:
1.1
Debit Cost of Goods sold $3,600
Credit Merchandise $3,600
1.2
Debit Cash $6,000
Credit Revenue $6,000
2. October 7
The percentage of revenue that merchandise returned = $670/$6,000 = 11.17%
Assume a constant gross profit ratio for all items sold.
Cost of returned merchandise = $3,600 x 11.17% = $402
2.1.
Debit Revenue $670
Credit Cash $670
2.2.
Debit Merchandise $402
Credit Cost of Goods sold $402
Answer: Plunge installation
Explanation:
According to the given question, the Plunge installation is one of the conversion process which is used by the crispies manufacturing firm the processing batch system into the new assembling line process.
The plunge installation system is also known as the direct installation in which the companies or an organization are shut down their old systems and start install the updated version so that they can easily communication with their clients and the customers in the market.
Therefore, Plunge installation is the correct answer.
Answer:
TRUE
Explanation:
In simple words, differentiation strategy refers to the business strategy under which an organisation tries to get competitive advantage in the market by adding some unique features in the existing products or by introducing brand new products for utilization.
This strategy is used by service industries as well in which the organisations frequently introduce new technologies for better operating activities. Such strategies can sometimes lead to establishment of new industry in which the innovating firm gets the first mover advantage.
Answer:
explain how a command economista diferrs fron
Answer:
-34.63
Explanation:
Confidence interval = 1 - probability * 2
= 1 - 0.16 * 2
= 0.71
= 71%
As per 95% rule, range = mean + / -2 * standard deviation.
10.31 +/- 2 * 22.47
10.31 - 2 * 22.47 to 10.31 + 2 * 22.47
10.31 - 44.94 to 10.31 + 44.94
-34.63 to 55.25
Conclusion: -34.63 is the lower bound hence it is the maximum one can expect to lose in any given year.
