Ask question

Ask question

All categories

2 years ago

8

Why do starbucks customer at busy downtown locations in major cities pay more for a cup of coffee than they would at less busy l

ocations?

1 answer:

user100 [1]2 years ago

7 0

Hey You! Here's The Answer:

They are willing to pay more for the convenience of the Starbucks' location.

You might be interested in

Beginning inventory $ 34,000 Inventory purchases (on account) 164,000 Freight charges on purchases (paid in cash) 19,000 Invento

sukhopar [10]

Answer:

<u>Journal entries - Perpetual inventory system</u>

<em>Inventory purchases (on account) 164,000</em>

Inventory $ 164000(debit)

Trade Payables $ 164000 (credit)

<em>Freight charges on purchases (paid in cash) 19,000</em>

Freight Charges $ 19000 (debit)

Bank $19000 (credit)

*****Freight Charges forms part of cost of Inventory (IAS 2) therefore write off freight cost to Inventory Account****

Inventory $19000 (debit)

Freight Charges $ 19000 (credit)

<em>Inventory returned to suppliers (for credit) 21,000</em>

Trade Payable $ 21000 (debit)

Inventory $21000(credit)

<em>Sales (on account) 259,000</em>,

Trade Receivables $ 259000 (debit)

Revenue $259000(credit)

<em>Cost of inventory sold 157,000</em>

Cost of Sales $157000 (debit)

Inventory $157000 (credit)

<u>Journal entries - Periodic inventory system</u>

<em>Inventory purchases (on account) 164,000</em>

Inventory $ 164000(debit)

Trade Payables $ 164000 (credit)

<em>Freight charges on purchases (paid in cash) 19,000</em>

Freight Charges $ 19000 (debit)

Bank $19000 (credit)

*****Freight Charges forms part of cost of Inventory (IAS 2) therefore write off freight cost to Inventory Account****

Inventory $19000 (debit)

Freight Charges $ 19000 (credit)

<em>Inventory returned to suppliers (for credit) 21,000</em>

Trade Payable $ 21000 (debit)

Inventory $21000(credit)

<em>Sales (on account) 259,000</em>,

Trade Receivables $ 259000 (debit)

Revenue $259000(credit)

<em>Cost of inventory sold 157,000</em>

Cost of Sales $157000 (debit)

Inventory $157000 (credit)

Explanation:

<em>Inventory purchases (on account) 164,000</em>

Recognise an Asset - Inventory and a liability - Account payable

<em>Freight charges on purchases (paid in cash) 19,000</em>

Recognise an expense - Freight Charges and de-recognise asset - Bank

*****Freight Charges forms part of cost of Inventory (IAS 2) therefore write off freight cost to Inventory Account****

Derecognise expense- Freight and recognise an asset - Inventory

<em>Inventory returned to suppliers (for credit) 21,000</em>

De-recognise Asset - Inventory and De-recognise Liability - Account Payable

<em>Sales (on account) 259,000</em>,

Recognise Asset - Trade Receivable and Recognise Revenue

<em>Cost of inventory sold 157,000</em>

Recognise expense - Cost of Sale in Profit and Loss and De-recognise Asset- Inventory

6 0

3 years ago

An individual involved in the communication process

BabaBlast [244]

Interpersonal communication

4 0

3 years ago

Suppose that the demand for steel in Japan is given by the equation Qd S = 1200 – 4PS + PA + PT, where QS is the quantity of ste

timurjin [86]

Answer: See explanation below for answer.

Explanation:

a) In equilibrium the quantity supplied will equal the quantity demanded in all three markets. Algebraically this implies:

Qd S = Qs S

Qd A = Qs A

Qd T = Qs T

Substituting in the given curves implies:

1200 - 4PS + PA + PT = 4PS

1200 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Solving the first equation for PT and substituting into the second equation implies:

1200 - 4PA + PS + (8PS - PA - 1200) = 4PA

9PS = 9PA

Cancel 9 on both sides, we have:

=> PS = PA

Substituting these results into the third equation implies:

1200 - 4(8PA - PA - 1200) + PA + PA = 4(8PA - PA - 1200)

=> 10800 = 54PA

=> PA = 200

At:

PA = 200

PS = 200

PT = 200

The equilibrium quantities are:

QA = 800

QS = 800

QT = 800

b) Substituting the new supply curve for steel into the equilibrium condition, we have:

1200 - 4PS + PA + PT = PS

1200 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Again solving for PT in the first equation and substituting into the second equation, we have:

1200 - 4PA + PS + (5PS - PA - 1200) = 4PA

=> 6PS = 9PA

=> PS = 1.5PA

Substituting these results into the third equation, we have:

1200 - 4(5(1.5PA) - PA - 1200) + 1.5PA + PA = 4(5(1.5PA) - PA - 1200)

=> 10800 = 49.5PA

=> PA = 218.18

At:

PA = 218.18

PS = 327.27

PT = 218.18

At these prices, the equilibrium quantities are:

QA = 872.72

QS = 327.27

QT = 872.72

The shift in the supply of steel raises the equilibrium price for all three goods, lowering the equilibrium quantity of steel and raising the equilibrium quantities of aluminum and titanium. This last effect comes as a result of the demand curves for aluminum and titanium increasing in response to the shift in the steel supply curve.

c) Returning to the original equilibrium, this shift in the demand for aluminum implies:

1200 - 4PS + PA + PT = 4PS

1500 - 4PA + PS + PT = 4PA

1200 - 4PT + PS + PA = 4PT

Solving the first equation for PT and substituting into the second equation, we have:

1500 - 4PA + PS + (8PS - PA - 1200) = 4PA

=> 9PS + 300 = 9PA

=> PS = PA - 33.33

Substituting these results into the third equation, we have:

1200 - 4(8(PA - 33.33) - PA - 1200) + (PA - 33.33) + PA = 4(8(PA - 33.33) - PA - 1200)

=> 12900 = 54PA

=> PA = 238.89

At:

PA = 238.89

PS = 205.56

PT = 205.56

At these prices, the equilibrium quantities are:

QA = 955.56

QS = 822.24

QT = 822.24

An increase in the demand for aluminum will raise the equilibrium prices and quantities in all three markets. The price and quantity in the steel and aluminum industries increase because as the price of aluminum rises, the demand for steel and titanium increases.

5 0

3 years ago

For both unearned revenues and prepaid expenses, the cash payment occurs __________ the adjusting entry to record the earning of

alex41 [277]

Answer:

The correct answer that fills the gap is <em>d. before.</em>

Explanation:

Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.

The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.

The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.

The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:

Cumulative income not collected.
Customer advances.

5 0

2 years ago

According to finance theory firms should attempt to

svlad2 [7]

Maximize shareholder value.

3 0

3 years ago