Answer:
b. reduced the price elasticity of demand for its products.
Explanation:
The price elasticity of demand refers to the relationship between the percentage change in the price of a good and the percentage change in the quantity demanded
Like it in the question, it is mentioned that Nike charged a higher price and does not want to lose many sales which results that it declines the price elasticity of product demands
On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.)
Answer:
Entry for the repayment involve a Debit of Note Payable of $1,060 and a Credit of Cash of $1,060.
Explanation:
By January 30 , 2 months interest would have expired and the journal entries are as follows :
December 31
Interest expense $30 (debit)
Note Payable $30 (credit)
January 30
Interest expense $30 (debit)
Note Payable $30 (credit)
Thus the repayment will be at the carrying cost of the note payable as follows :
Note Payable $1,060 (debit)
Cash $1,060 (credit)
Conclusion :
Entry for the repayment involve a Debit of Note Payable of $1,060 and a credit of Cash of $1,060.
which bear is best? Beets. Bears. Battlestar galactica.
Answer:
black bear
Explanation:
I've watched the office 10 times
Answer:
N/A
Explanation:
That's a ridiculous question.
You are a vendor representative with a new line of fashion watches showing it to a new buyer. The costume jewelry buyer says she would like to buy the line but has too many lines of fashion watches in her assortment already that are not selling. She continues to complain that her worst-selling brand of watches will not help her out with any markdown allowances or take any of the merchandise back. She states that she is no longer buying any more merchandise from this line and will have to wait until it sells before she can bring in a new line of watches. What might you suggest or negotiate?
Answer:
Doing a buyback
Explanation:
Answer:
Since She states that she will no longer buy any more merchandise from this line and she will have to wait until it sells before she can bring in a new line of watches what i would or might you suggest or negotiate is for her to do a BUYBACK.
Therefore BUYBACK can be seen as something or item that have been repurchased due to some unresolved issues that has been reported by the initial owner but has since been resolved and it can as well mean an agreement to buy something in return.
Lastly BUYBACK can tend to be a sale whereby something that is been sold is repurchased from the buyer by either the seller or the initial owner.
ullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face amount of $629,406 (imputed rate of 12%). The goods have an inventory cost on Fullbright’s books of $240,000. What amount of Sales Revenue should Fullbright recognize in 2017?
Answer:
The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000
Explanation:
The total value of $629,406 of the note includes the amount of interest revenue which would be $229,406 which is gotten from (629,406-400,000). The value of sales revenue will be $400,000
The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000
Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500