Answer:
See explanation section.
Explanation:
Sage Hill Company
Journal entries
Requirement A.
March 2 Account receivable - Oriole Company debit $891,900
Sales revenue credit $891,900
Note: Assume that the company used gross method under a perpetual inventory system, during the sales, the company did not deduct the discount.
Cost of good sold Debit $527,400
Merchandise inventory Credit $527,400
Note: Under the perpetual inventory system, a seller has to record cost of good sold journal.
Requirement B & C.
B.
March 6 Sales Returns and Allowances Debit $114,400
Account Receivable Credit $114,400
Note: As the company did not calculate the cost of return goods, we did not give the cost of merchandise journal.
C.
March 12 Cash Debit $891,900
Sales Discounts Debit $26,757
Account Receivable Credit $891,900
Note: Calculation: (891,900-(891,900 × 3%) = (891,900 - 26,757) = $865,143.
As the company received the amount with in the discount period, the customer got the discount from the seller.
Answer:
The savings rate is higher in Aire than in Carttar and it is higher in cartar than in Bolivia.
Explanation:
To calculate savings rate:
[(Total income - consumption)/total income] x 100
Where total income = consumption + savings.
The savings rates are as follows
Aires: [(16000 -12,000)/16000] x 100
= 400/16
= 25%
Bovina: [(27000 - 24000)/27000] x 100
= 300/27
= 11.11%
Cartar: [(60000 - 50000)/60000] x 100
= 100/6
= 16.67%
Answer:
The budgeted accounts receivable balance at the end of February is closest to: $4,500.
Explanation:
Prepare a Accounts Receivable Budget for January and February
January February
Balance b/d $0 $4,200
Credit Sales $7,000 $7,500
Cash Received (40%) ($2,800) ($3,000)
Cash Received (60%) $0 ($4,200)
Balance c/d $4,200 $4,500
Conclusion:
Therefore, the budgeted accounts receivable balance at the end of February is closest to: $4,500
Answer:
The demand location where demand is unmet is equal to Cleveland. Received only 75 units. 100 units demand is unmet.
Explanation:
Solution
From the example given, we solve for which demand location will have an unmet demand
Now,
The maximum quantity that can be shipped from Allentown to Erie is 100.
The Maximum quantity that can be shipped from Harrisburg to Cleveland is 175
While,
The Maximum quantity that can be shipped from Harrisburg to Dayton is 175
Hence, in case we want an solution optimum to get the required demand as many as possible with the supply given and with a low costs, then we need to find the optimum solution.
By applying a least cost method called greedy, we need to remove our least costing node and then provide minimum of demand and supply unit a present to each cell.
Thus,
The first least cost is Allentown to Dayton.
From Allentown to Dayton 100 units. Next least cost is Philadelphia to Erie.
From Philadelphia to Erie 150 units. Next least cost is Harrisburg to Erie.
From Harrisburg to Erie 25 units. Next least cost is Harrisburg to Dayton.
From Harrisburg to Dayton 75 units. Next least cost is Harrisburg to Cleveland
From Harrisburg to Cleveland 75 units.
So, for the optimum solution, the right choice of answer will be
From Allentown to Erie = 0 units
From Harrisburg to Cleveland = 75 units
From Harrisburg to Dayton = 75 units
Therefore, The demand location where demand is unmet is equal to Cleveland. Received only 75 units. 100 units demand is unmet.
The maximum shipment from Allentown to Erie is 100 units, from Harrisburg to Cleveland is 175 units, and from Harrisburg to Dayton is 75 units. After these shipments, no location has unmet demand.
The problem at hand relates to the Intuitive Least Cost Method which is a method used in the field of operations research for solving transportation problems. The methodology seeks to minimize the total transport cost while meeting the demand and supply constraints at various sites.
From the provided matrix, the maximum quantity that can be shipped from Allentown to Erie is 100 units as indicated by the supply limit of Allentown. Similarly, Harrisburg can ship a maximum of 175 units to Cleveland and 75 units to Dayton, since after fulfilling the Cleveland demand, 75 units remain for Dayton. Finally, observing the demand, we see that Cleveland will still require 175 - 175 = 0 units, Dayton 175 - 100 = 75 units and Erie 175 - 100 = 75 units. Therefore, no location remains with unmet demand.
#SPJ3
O it is difficult to determine the relevant industry and geographic market.
O it is an expensive and time-consuming standard.
O each action of a firm must be analyzed separately and within a particular context.
Answer:
The problem faced while using the judgement by the market structure criteria is that it is difficult for determining the geographic market and the relevant industry.
Explanation:
Market structures criteria are the kind or type of goods and services being traded, the size as well as the numbers of the consumers and the producers in the market and the degree to which the information could flow freely.
So, the problem which can be faced while using the judgement by the market structure criteria is that it is difficult for determining the geographic market and the relevant industry.
Answer:
A.Journal entries
(1)
Dr Investment in AMC common shares
$580,000
Cr Cash $580,000
(2) No journal entry required
(3) Dr Cash $31,250
Cr Investment Revenue $31,250
(4) Dr Fair value adjustment
$35,000
Cr Net unrealised holding gains and losses- OCI $35,000
(B.) Journal entries
Dr Investment in AMC common shares $580,000
Cr Cash $580,000
(2) Investment in AMC common shares
Dr $87,500
Cr Investment Revenue $87,500
(3) Dr Cash $31,250
Cr Investment in AMC common shares $31,250
(4) No journal entry required
Explanation:
A.Journal entries
(1)
Dr Investment in AMC common shares
$580,000
Cr Cash $580,000
(2) No journal entry required
(3) Dr Cash $31,250
Cr Investment Revenue $31,250
(4) Dr Fair value adjustment
$35,000
Cr Net unrealised holding gains and losses- OCI $35,000
Working notes:
Cash Dividends = 25%*500,000*$0.25 = $31,250
Adjustment entry:
Fair value adjustment = 580,000-615,000 = $35,000
B.) Journal entries:
(1)
Dr Investment in AMC common shares $580,000
Cr Cash $580,000
(2) Investment in AMC common shares
Dr $87,500
Cr Investment Revenue $87,500
(3) Dr Cash $31,250
Cr Investment in AMC common shares $31,250
(4) No journal entry required
Working notes:
Net Income:
Investment in AMC common shares = 25%*350,000= $87,500
Cash Dividends = 25%*500,000*$0.25= $31,250
offer incentives to the team with the highest sales
offer college reimbursement for business classes
offer free leadership seminars to all employees
hold a weekly "employee appreciation" party
Answer:
The correct answer is letter "E": hold a weekly "employee appreciation" party.
Explanation:
Organizational commitment plays a key role in employees' performance. The more engaged workers are with the company they work for, the more likely their production is going to be higher. Affective commitment refers to increasing the bonds that link workers within the organization. Casual reunions after every period of time are one of the many activities firms could use to engage employees with their brand.