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3 years ago

In B2B markets, ________ are firms that buy and reprocess products and services before selling them again to the next buyer.

Business

1 answer:

Digiron [165]3 years ago

7 0

Answer:

In B2B markets, manufacturers are firms that buy and reprocess products and services before selling them again to the next buyer.

What is manufacturing?

is the process of converting raw materials (primary process) into physical goods (secondary process), involving multiple industrial processes. E.g, assembly, multiple stages of production, quality, control. Manufacturing. to make or process of a raw material into a finished product.

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Ms. Crocker bought 1,000 shares of EMO Corporation stock for $10,000 on January 20, 2017. On December 28, 2018 she sold all 1,00

Ede4ka [16]

Answer:

The answer is: Ms. Crocker LTCL is $0 and her basis for her 1,000 shares purchased in 2020 is $8,000

Explanation:

Ms. Crocker initially bought 1,000 stocks at $10,000, then she sold her stock at $9,000 losing $1,000. Then she again bought the same stock for $7,000. She can offset her initial loss ($1,000) and instead add it to the value of the stock purchased later. So instead of having 1,000 shares with a $7,000 value, she can value her stock at $8,000.

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3 years ago

Tamarisk, Inc. just took its physical inventory on December 31. The count of inventory items on hand at the companyâs business l

Dmitry [639]

Answer:

Closing inventory = $289,000 + $13,190 = 302,190

Explanation:

Tamarisk inc.

In closing an inventory count consideration should be given to goods in transit. The agreements reached between buyer and seller will help in determining who is responsibility for the stock at each point in time.

An FOB (free on board) agreement means the seller of the goods is responsible for shipping the goods up to the port of destination and thereafter ownership, which includes risks and rewards for the goods is transferred to the buyer.

CIF (cost, insurance and freight). This implies the selling price of the seller already includes the cost of the product, the insurance and the freight getting it to the warehouse of the Buyer. In this instance, the ownership remains that of the seller until the products arrive the warehouse of the buyer

A. Richfield already has taken possession and even displayed it in his showroom as at Dec 31.

Action: do not add this to the closing inventory count

B. It is OK not to include the $20,180 goods in transit to the buyer as at DEC 31, because they were conditioned on an FOB agreement.

Action: do not add this to the closing inventory count

C. With a purchase consideration of FOB worth $13,190 still in transit as at Dec 31. The company needs to consider this as the risk and reward already transferred to it as agreed in the FOB terms

Action: add this to the closing inventory count

4 0

3 years ago

Read 2 more answers

Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $38,000 and a remain

creativ13 [48]

Answer:

Calculate the total change in net income if Alternative A, B is adopted.

If alternative A is adopted, the total change in net income will be:

Given:

Cost of new machine = $117,000

Market value of old machine = $48,000

Variable manufacturing cost savings = ($34,000 - $22,300)*5years

= $58,500

The total change in net income=

(market value of old machine+ savings on variable manufacturing costs - cost of new machine)

= $48,000 + $58,500 - $117,000

= - $10,500

The total change in net income if Alternative A is adopted is $10,500.

__________________________

If alternative B is adopted, the total change in net income will be:

Given:

Cost of new machine = $119,000

Market value of old machine = $48,000

Variable manufacturing cost savings = ($34,000 -$10100)*5years

= $119,500

The total change in net income=

(market value of old machine+ savings on variable manufacturing costs - cost of new machine)

=$48,000 + $119,500 - $119,000

= $48,500

The total change in net income if Alternative B is adopted is $48,500

__________________________

From the calculation, we could see net income for alternative B is higher and it is also positive, compared to alternative A which is a negative and lower.

Therefore, if the machine should be replaced, alternative B should be usrd

8 0

4 years ago

X-Mart uses the perpetual inventory system to account for its merchandise. On May 1, it purchased $400 of merchandise on account

natita [175]

Answer:

C. Credit Merchandise Inventory $7

D. Debit Accounts Payable $350

E. Credit Cash $343

Explanation:

Based on the information given we were told the company made purchased of the amount of $400 of merchandise which include a terms of 2/15, n/40 and On May 3 the company returned the amount of $50 of merchandise due to defect which means that if the purchase was been paid for within the discount period the correct required journal entry for X-Mart to record the payment will be :

Credit Merchandise Inventory $7

[(2%*400)-(2%-50)]

=$8-$1

=$7

Debit Accounts Payable $350

($400-$50)

=$350

Credit Cash $343

($400-$50)-[(2%*400)-(2%-50)]

=$350-($8-$1)

=$350-$7

=$343

5 0

4 years ago

The importance of developing a partnership with distributors has been emphasized in the text. Which of the following situations

Nutka1998 [239]

Correct/Commplete Question:

The importance of developing a partnership with distributors has been emphasized in the text. Which of the following situations would strengthen this relationship?

a. Commissions on sales to direct salespeople are lowered for sales made jointly with distributors.

b. Direct salespeople call on the most profitable accounts and ask the distributor's salesforce to handle all other accounts.

c. The manufacturer provides its distributors with market information to help them succeed.

d. When new models for equipment are available, ask the distributors to take care of selling out the old models and allow the company's salesforce to begin offering the new model.

e. Company salespeople have first choice of the new leads generated by a shared booth at a trade show

Answer:

c, the manufacture providdes its distrubutors with market information to help them succeed.

Explanation:

In strengthening the relationship between manufacturers and distributors, it is good for the manufacture to provide its distributors with market information. Giving out his market information to distributors helps the distributors know how to attack the market and competitions. It also helps to give the distributors an overview of areas that has been covered or not covered among other things.

Cheers.

3 0

4 years ago