g For each target market, General Imaging Corporation, a manufacturer of imaging equipment, will engage in positioning, adjusting their marketing mix variables in order to give customers Group of answer choices better Medicaid and Medicare payments. a perceptual map of the imaging landscape. more product features than the competition offers. lower prices than the competition offers. a clear, distinctive, and desirable understanding of their products relative to competing products.

Answers

Answer 1

Answer: a clear, distinctive, and desirable understanding of their products relative to competing products.

Explanation:

Marketing mix is regarded as the foundation model for every business as it's based on the product, the price, place, and also promotion. Marketing mix is the marketing tools sets used in pursuing the marketing objectives of s company.

For each target market, General Imaging Corporation, a manufacturer of imaging equipment, will engage in positioning, adjusting their marketing mix variables in order to give customers a clear, distinctive, and desirable understanding of their products relative to competing products.


Related Questions

a teammate tells you that you tend to take over shared projects. you've gotten this feedback from other too. what should you say? A I wish you would have mentioned this during projects. please be sure to do so on the next one. B I'm sorry you're feeling left out, I'll be sure to give you more to do on the next one. C I'm sorry maybe we can work together to divide our responsibility on the next one. D I've gotten this feedback before, I just like things done a certain way. E I'm used to leading projects, so I usually just take over without even realizing it​

Answers

Answer:

C

Explanation:

even if it's unintentional we should apologize professionally

The following information pertains to Seda Co.'s pension plan:
Actuarial estimate of projected benefit obligation at January 1, 2017 $72,000
Assumed discount rate 10%
Service costs for 2017 $18,000
Pension benefits paid during 2017 $15,000
If no change in actuarial estimates occurred during 2017, Seda's projected benefit obligation at December 31, 2017 was:___________.
a. $75,000
b. $79,200
c. $82,200
d. $64,200

Answers

Answer:

c. $82,200

Explanation:

Calculation to determine what Seda's projected benefit obligation at December 31, 2017 was:

Actuarial estimate of projected benefit obligation at January 1, 2017 $72,000

Add Interest cost $7,200

Add Service costs for 2017 $18,000

Less Pension benefits paid during 2017 ($15,000)

Projected benefit obligation at December 31, 2017 $82,200

Theretore Seda's projected benefit obligation at December 31, 2017 was:$82,200

Journal Entries, T-Accounts Ehrling Brothers Company makes jobs to customer order. During the month of July, the following occurred: Materials were purchased on account for $45,670. Materials totaling $40,990 were requisitioned for use in producing various jobs. Direct labor payroll for the month was $22,400 with an average wage of $14 per hour. Actual overhead of $9,020 was incurred and paid in cash. Manufacturing overhead is charged to production at the rate of $5.50 per direct labor hour. Completed jobs costing $58,000 were transferred to Finished Goods. Jobs costing $59,000 were sold on account for $73,750. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs. Beginning balances as of July 1 were: Materials Inventory $1,200 Work-in-Process Inventory 3,400 Finished Goods Inventory 2,630 Required: Message

Answers

Answer: See attachment

Explanation:

a. The journal entries for the preceding events have been attached. Note that for (e), work in process inventory was calculated as:

= $22400 × 5.5/14 = $8800

b. The ending balance for:

Material inventory = 1200 + 44670 - 40990 = 5880

Work in process inventory = 3400 + 40990 + 22400 + 8800 - 58000 = 17590

Overhead control = 9020 - 8800 = 220

Finished goods inventory = 2630 + 58000 - 59000 = 1630

You just bought a motorcycle for $8,000. You plan to ride the motorcycle for two years, and then sell it for $3,200. During this two-year period, you expect to ride the motorcycle 10,000 miles each year, and you expect the motorcycle to get 50 miles per gallon of gasoline. The annual cost of insurance is $960, registration costs are $80 (good for two years), and the price of gasoline is $2.50 per gallon. During this same two-year period, you will need to service your motorcycle five times, at $240 per service check, and obtain five oil changes. Each oil change costs $35. You will also need to replace your tires once during this two-year period, for a total cost of $400.
a. Calculate the total fixed cost, total variable cost, and cost per mile for the two-year period, .
b. Suppose you want to lower the cost per mile. You should focus on:
i. variable costs, because they represent a majority of the total costs.
ii. fixed costs, because they must be paid.
iii. variable costs, because they can be avoided.
iv. fixed costs, because they represent a majority of the total costs.

Answers

Answer:

Total fixed costs  = $6,800

b. Total variable cost = $2,775

c.  = $0.48 per mile

2. iii variable costs, because they can be avoided.

Explanation:

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments

If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.  

Hourly wage costs and payments for production inputs are variable costs

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

Depreciation + Insurance + cost of registration

Depreciation = Cost - salvage = 8,000 - 3,200 = $4,800

Insurance = 960 x 2 = 1920

Total fixed cost = 4,800 + 1920 + 80  = $6,800

Total variable cost

Gasoline + Service + Oil change + tire replacement

Gasoline = 10,000/ 50 = 2000 x 2.5 x 2 = 1000

= (1000 + (240 * 5) + (35 * 5) + 400

= 1,000 + 1,200 + 175 + 400  = $2,775

Total cost / Number of miles

= (6,800 + 2,775) / (10,000 * 2 years)

= $0.48 per mile

A lumber company purchases and installs a wood chipper for $204,000. The chipper is classified as MACRS 7-year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $25,000. Using MACRS depreciation, compute the first-year depreciation.

Answers

Answer:

the  first year depreciation using MACRS depreciation is $28,580

Explanation:

The computation of the first year depreciation using MACRS depreciation is given below:

Here the depreciation rate is 14.29% for the first year

And, the cost of the wood chipper is $204,000

So, the first year depreciation expense is

= $204,000 × 14.29%

= $28,580

Hence the  first year depreciation using MACRS depreciation is $28,580

Graham, Inc.'s April bank statement shows an April 30 balance of $5,120. Prior to reconciliation, its books show a cash balance of $5,510. ThIs information pertains to Graham, Inc.: Deposits in transit $800; Checks outstanding $465; Bank service charge $10; Error in Graham's records understating cash disbursement $180; Check of another company charged erroneously against Graham's bank account $115; Bank statement shows bank collected a note receivable and interest income for Graham $250. The reconciled cash balance at April 30 on the bank reconciliation should be:

Answers

Answer:

$5,570

Explanation:

The purpose of a bank reconciliation statement is to reconcile the difference between Cash Book balance and Bank Statement balance. Also it is used to check accuracy of Cash Book and the accuracy of Bank Statement.

Graham, Inc.'s April bank reconciliation statement is prepared as :

Graham, Inc.

Bank reconciliation statement as at April 30

Balance as per Bank Statement                 $5,120

Add outstanding lodgments                         $800

Add back error at the bank                            $115

Less unpresented checks                           ($465)

Balance as per Cash Book                        $5,570

therefore,

The reconciled cash balance at April 30 on the bank reconciliation should be $5,570.

Phoebe is meeting with a client to present her ideas. What is recommended as the best way to present her ideas to the client?


Show at least two to three different comps.

Describe your ideas over the phone

Send one comp over email

Show the finished product.

Answers

2 and 3

because the 2 is describe which is good so they can understand itthe 3 is good to because ypu can send it on ther email that they can see it

hope it help :)

Most consumers and investors today want the firms they do business with to look beyond just the profit motive. In fact, they want firms that behave legally and ethically while also giving back to their communities via philanthropic activities. The framework that attempts to reconcile these wants is known as

Answers

Answer:

corporate social responsibility.

Explanation:

In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.

Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).

Generally, most consumers and investors today want the firms they do business with to look beyond just the profit motive. In fact, they want firms that behave legally and ethically while also giving back to their communities via philanthropic activities. Thus, the framework that attempts to reconcile these wants is known as corporate social responsibility.

What conclusion can be drawn about managers?
They work in all industries.
o They are primarily skilled in a specific industry.
O They are paid less than customer service representatives.
They are paid more than customer service representatives.

Answers

Answer:

they are paid more than customers service representatives

RCS, Inc. Gross fixed assets 284,950 Inventory 136,500 Accrued expenses 11,850 Accumulated depreciation 82,310 Notes payable 32,570 Preferred stock 8,000 Retained earnings 89,280 Current portion of L-T debt 4,080 Long-term debt 134,300 Accounts receivable 105,770 Additional paid-in capital 71,600 Accounts payable 50830 Common stock ($0.20 par) 60,000 Cash 17,600 Referring to the above balance sheet accounts for RCS, Inc. for the year ending Dec 31, 2016, the number of common shares issued by the company is closest to:_____.
a. 658,000
b. 12,000
c. 300,000
d. 26,320

Answers

Answer:

The correct option is c. 300,000.

Explanation:

The number of common shares issued by the company can be calculated as follows:

Common stock each at par =$0.20

Common stock total value at par = $60,000

Number of common shares issued = Common stock total value at par / Common stock each at par = $60,000 / $0.20 = 300,000

Therefore, the number of common shares issued by the company is closest to: c. 300,000.

At the end of the current year, using the aging of receivable method, management estimated that $18,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $450. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Answers

Answer:

Dr Bad Debt Expense $18,450

Cr Allowance for Doubtful Accounts

$18,450

Explanation:

Preparation of the appropiate adjusting journal entry that the company should make at the end of the current year to record its estimated bad debts expense

Dr Bad Debt Expense $18,450

Cr Allowance for Doubtful Accounts

$18,450

($18,000+Debit balance$450)

(Being to record estimated bad debts expense)

Please help me with this question

Answers

can you please take the picture from the front angle please, thx

Certify Completion Icon Tries remaining:3 Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are diamonds, your friend will pay you $296. Otherwise, you have to pay your friend $17. Step 1 of 2 : What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.

Answers

Answer:

The expected value of the bet is –$0.95.

Explanation:

Number of cards in a standard deck = 52

Number of diamonds in a standard deck = 13

The probability (P) that the two cards that will be drawn without replacement will be diamonds is therefore as follows:

P = (13 / 52) * (12 / 51) = 0.0588

The probability (P) that the two cards that will be drawn without replacement will NOT be diamonds is also as follows:

1 – P = 1 – 0.0588

1 – P = 0.9412

Amount your friend will pay you if both cards are diamonds = $296

Amount you will pay your friend if both cards are NOT diamonds = -$17 (Note that this is negative since it is a loss)

Expected value of the bet = (P * $296) + ((1 – P) * ($-17)) = (0.0588 * $256) – (0.9412 * 17) = –$0.95

Cain Inc. reports net income of $18,000. Its comparative balance sheet shows the following changes: accounts receivable increased $9,000; inventory decreased $11,000; prepaid insurance decreased $4,000; accounts payable increased $6,000 and taxes payable decreased $5,000. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)

Answers

Answer:

$25,000

Explanation:

Computation for the cash flows from operations using the indirect method.

Cash flow from operating activities

Net income $18,000

Adjustment to reconcile net income to net cash flow from operating activities

Change in Current assets and liabilities

Less Account receivable increase ($9,000)

Inventory decrease $11,000

Prepaid insurance decrease $4,000

Account payable increase $6,000

Less Taxes payable decrease ($5,000)

Net cash flow from operating activities $25,000

Therefore the cash flows from operations using the indirect method will be $25,000

Shipping cost at Junk Food Imports is a mixed cost with variable and fixed components. Past records indicate total shipping cost was $18,000 for 16,000 pounds shipped and $22,500 for 22,000 pounds shipped. Assuming that this activity is within the relevant range, if the company plans to ship 18,000 pounds next month, the expected shipping cost is:

Answers

Answer:

$18,500

Explanation:

Calculation to determine what the expected shipping cost is:

First step is to calculate the Variable using this formula

Variable =Change in total cost /change in units

Let plug in the formula

Variable=(22,500-18,000)/(22,000-16,000)

Variable=$0.75 per pound

Now let calculate the expected shipping cost

Expected shipping cost=$0.75 per pound *18,000 pound

Expected shipping cost=$18,500

Therefore The Expected shipping cost is $18,500

2.1.3. Briefly explain the term Gross Domestic Product.​

Answers

Answer:

it is the total value of goods produced and services provided in a country during one year.

Explanation:

Behavioral segmentation addresses the knowledge of, use of, response to, and attitude toward a product. Which of these is an example of behavioral segmentation? Group of answer choices a retail shoe store targeting customers within a geographic twenty-mile radius a deodorant company targeting boys between the age of 12–18 an airline targeting customers with over 500k miles of travel on its airline

Answers

Answer:

an airline targeting customers with over 500k miles of travel on its airline

Explanation:

Note, the focus of behavioral segmentation is to identify and separate the marketing strategy used on clients/customers based on mainly their behavior, and not on demography (age, gender, etc) or geography.

Hence, the best scenario from the above options is that of an airline that targets customers with over 500k miles of travel on its airline. In other words, their traveling behavior (distances covered) is the basis why they are targeted, without consideration of demography or their geography.

the utility is generally related to​

Answers

Explanation:

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility.

You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are $900, $1350,$2800, $1350 & $500 a year over the next five years

Answers

Cost : 6400

900 + 1,350 = 2,250

2,250 + 500 = 2,750

2,750 + 1,350 = 4,100

4,100 + 2,800 = 6900

So there’s more than 6,400 dollars

Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.)
Date of Note Principal Interest Rate Term
a. August 5 $6,000 8% 130 days
b. May 10 16,800 7% 100 days
c. October 20 24,000 9% 55 days
d. July 06 4,500 10% 70 days
e. September 15 9,000 8% 85 days
Maturity Date
Month Day Interest
a. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer $Answer
b. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
c. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
d. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer
e. AnswerDecemberNovemberOctoberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary Answer Answer

Answers

Answer:

Maturity Dates and Interests of Notes Receivable:

Date of Note          Principal   Interest     Term          Maturity Date

                                                   Rate                       Month       Day   Interest

a. August 5             $6,000         8%     130 days   December   13    $173.33

b. May 10                 16,800          7%     100 days   August        18     326.67

c. October 20         24,000         9%      55 days   December   14     330.00

d. July 06                  4,500        10%      70 days   September  14       87.50

e. September 15      9,000          8%      85 days   December    9     170.00

Total                    $60,300                                                              $1,087.50

Explanation:

a) Data and Calculations:

   Date of Note      Principal   Interest     Term          Maturity Date

                                                   Rate                          Calculations

a. August 5             $6,000         8%     130 days   Dec. 13(26+30+31+30+13)

b. May 10                 16,800          7%     100 days   Aug. 18 (21+30+31+18)

c. October 20         24,000         9%      55 days   Dec. 14 (11+30+14)

d. July 06                  4,500        10%      70 days   Sept. 14 (25+31+14)

e. September 15      9,000          8%      85 days   Dec. 9 (15+31+30+9)

Calculation of Interests:

a. = $173.33 ($6,000 * 8% * 130/360)

b. = $326.67 ($16,800 * 7% * 100/360)

c. = $330.00 ($24,000 * 9% * 55/360)

d. = $87.50 ($4,500 * 10% * 70/360)

e. = $170 ($9,000 * 8% * 85/360)

This is your first week in your new job at Safety Zone, a leading producer of IT modeling software. Your prior experience with a smaller competitor gave you an edge in landing the job, and you are excited about joining a larger company in the same field.

So far, all is going well and you are getting used to the new routine. However, you are concerned about one issue. In your initial meeting with the IT manager, she seemed very interested in the details of your prior position, and some of her questions made you a little uncomfortable. She did not actually ask you to reveal any proprietary information, but she made it clear that Safety Zone likes to know as much as possible about its competitors. Thinking about it some more, you try to draw a line between information that is OK to discuss, and topics such as software specifics or strategy that should be considered private.

This is the first time you have ever been in a situation like this. How will you handle it?

Answers

Answer:

Explanation:

The best thing to do in this situation would be to simply answer the questions to the best of your ability without divulging any proprietary information of your previous employer. This will allow you to be honest and maintain a legal boundary between you and your previous employer. Since the hiring manager has not specifically asked you for such proprietary information you should be fine if you think carefully about what you are saying in your answers. Aside from this, staying firm with your answers and protecting the integrity of your previous employers proprietary information shows to your new employer that you are trustworthy and are able to keep such information safe and to yourself.

g An university using benefit segmentation and targeting students who want to get a degree quickly while still working full time would focus on Group of answer choices providing classes at convenient times and offering online courses. discount pricing for students taking more than twelve credit hours. the higher average salaries earned by college graduates. the great variety of classes offered. the number of Nobel Prize winners on the faculty.

Answers

Answer:

providing classes at convenient times and offering online courses.

Explanation:

The university who use the benefits segmentation and then target the students to received the degree quickly while working full time focused on providing the classes at the convenient times and offered them for online courses so that the courses would be completed as soon as possible

Therefore the first option is correct

Suppose that Comcast has a cable monopoly in Philadelphia. The following table gives Comcast's demand and costs per month for subscriptions to basic cable (for simplicity, we keep the number of subscribers artificially small.)
Price Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost
68 3 204 - 144 -
64 4 256 52 172 28
60 5 300 44 204 32
56 6 336 36 240 36
52 7 364 28 280 40
48 8 384 20 324 44
Suppose the local government imposes a $99 per month tax on cable companies. What will Comcast do? (Assume fixed costs equal to $60.)
A. Comcast should produce 6 units in the short run and shut down in the long run.
B. Comcast should produce 6 units in the short run and in the long run.
C. Comcast should shut down in the short run and in the long run.
D. Comcast should shut down in the short run and produce 6 units in the long run.
E. None of the above.
Suppose that the flat per-month tax is replaced with a tax on the firm of $4 per cable subscriber. (Assume that Comcast will sell only the quantities listed in the table.) To maximize profit, how many subscriptions should Comcast sell, and at what price? What will be the profit?

Answers

Answer:

A. Comcast should produce 6 units in the short run and shut down in the long run.

Explanation:

Comcast in operating cable business. The government of Philadelphia has imposed a tax of $99 every month. Comcast should produce 6 units in the short run. This will minimize it total cost and the company will be able to continue its operation in the short run. If the taxes persist in the long run then the company will go towards shut down.

Prior to the early twentieth​ century, a worker who was injured on the job could collect damages only by suing his employer. To sue​ successfully, the workeror his​ family, if the worker had been killedhad to show that the injury was due to the​ employer's negligence, that the worker did not know the job was​ hazardous, and that the​ worker's own negligence had not contributed to the accident. These lawsuits were difficult for workers to​ win, and even workers who had been seriously injured on the job often were unable to collect any damages from their employers. Beginning in​ 1910, most states passed​ "workers' compensation" laws that required employers to purchase insurance that would compensate workers for injuries suffered on the job. A study by Price Fishback and Shawn Kantor of the University of Arizona shows that after the passage of​ workers' compensation​ laws, wages received by workers in the coal and lumber industries fell.

Required:
Briefly explain why passage of workers’ compensation laws would lead to a fall in wages in some industries.

Answers

Answer:

Wages would fall due to an increase in labor costs.

When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.

This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.

In 2014, Lena assigned a paid-up whole life insurance policy to an Irrevocable Trust for the benefit of her three children. Lena died in 2018, and the face value of the whole life insurance policy of $2,000,000 was paid to the Irrevocable Trust. Regarding this transfer, how much is included in Lena’s gross estate at her death? A. $0 B. $45,000 C. $2,000,000 D. $1, 955,000

Answers

Answer: A. $0

Explanation:

By current tax rules, any transfers of life insurance policies within three years of the death of the owner of the policy should be included in their gross estates.

As Lena's policy was transferred in 2014 which was 4 years before he death in 2018, it does not qualify to be included in the gross estate so the answer is $0.

Answer:

A. $0

Explanation:

Hope this helps

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.
The following transactions have been selected for analysis:
a. Sold merchandise for cash (cost of merchandise $160,750) $294,300
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for a cash refund (original cost of merchandise $930) 1,730
c. Sold merchandise (costing $13,050) to a customer on account with terms 2/10, n/30 29,000
d. Collected half of the balance owed by the customer in (c) within the discount period 14,210
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 1,980
Required:
1. Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop
a merchandiser's multistep income statement.
2. Compute the gross profit percentage.

Answers

Answer:

Campus Stop, Inc.

Partial Income Statement

Sales revenue                              $323,300

Sales returns                                    ($1,730)

Sales discounts and allowances  ($2,270)

Net sales                                       $319,300

Cost of goods sold                      ($172,870)

Gross profit                                   $146,430

Gross profit margin = $146,430 / $319,300 = 45.86%

Equipment was purchased for $45,000 plus $2,000 in freight charges. Installation costs were $1,500 and sales tax totaled $1,000. Hiring a special consultant to provide advice during the selection of the equipment cost $3,000. What is this asset's depreciable basis

Answers

Answer:

Asset's depreciable basis = $49,500

Explanation:

Given:

Equipment purchased cost = $45,000

Freight charge = $2,000

Installation costs = $1,500

Sales tax = $1,000

Consult fee = $3,000

Find:

Asset's depreciable basis

Computation:

Asset's depreciable basis not include consultation fee.

Asset's depreciable basis = Equipment purchased cost + Freight charge + Installation costs + Sales tax

Asset's depreciable basis = $45,000 + $2,000 + $1,500 + $1,000

Asset's depreciable basis = $49,500

Corporations are becoming multinational not only in the scope of their business activities but also in their capital structure(.) Group of answer choices by raising funds from domestic as well as government sources. This trend reflects not only a conscious effort on the part of firms to raise the cost of capital by international sourcing of funds but also the ongoing liberalization and deregulation of international financial markets that make them accessible for many firms. by raising funds from foreign as well as domestic sources. by raising funds from foreign as well as domestic sources. This trend reflects not only a conscious effort on the part of firms to raise the cost of capital by international sourcing of funds, but also the ongoing liberalization and deregulation of international financial markets that make them accessible for many firms.

Answers

Answer:

by raising funds from foreign as well as domestic sources.

Explanation:

Multinational corporations can be regarded as

large companies which has headquarter in a country having operations in other countries. Their trait is that they are incorporated in a country while running their business in other countries. It should be noted that Corporations are becoming multinational not only in the scope of their business activities but also in their capital structure by raising funds from foreign as well as domestic sources. The trend showcase a conscious effort of the firm to gather cost of capital through international sourcing of funds also ongoing liberalization as well as deregulation regarding international financial markets which allows firms to have accessibility.

An allowance received from a creditor will __________ column of the creditor's account. Multiple Choice increase the creditor's account balance and be posted to the debit increase the creditor's account balance and be posted to the credit decrease the creditor's account balance and be posted to the debit decrease the creditor's account balance and be posted to the credit

Answers

Answer: decrease the creditor's account balance and be posted to the debit

Explanation:

Allowances are reductions in the money owed to creditors and they include things like sales returns or sales discounts. When recorded, they should therefore reduce the amount in the creditor's account to show that less cash is owed to the creditor.

As Creditor accounts are liabilities, they are credited when they increase and debited when they decrease. They will therefore have to be debited in this instance.

Bill Anderson, the Materials Manager of XYZ Firm, is interested in assessing the inventory management performance of the firm. The following (partial) Annual Income Statement and the four Quarterly Balance Sheet for the fiscal year 202X has been obtained.

XYZ Company, Income Statement, FY 202X

Net sales $950,000
Cost of goods sold 620,000
Operating expenses 190,000

XYZ Company, Quarterly Balance Sheet, FY 202X

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Cash $46,000 $37,900 $82,000 $54,000
Accounts receivable 55,500 46,000 123,000 72,000
Inventory:
Finished goods 42,440 35,080 12,540 39,050
Work-in-process 27,780 25,770 20,120 32,990
Materials 32,580 79,000 52,910 22,670
Plant assets 510,000 510,000 540,000 540,000

Required:
a. How many weeks of supply does the XYZ Company carry?
b. How many inventory turns did the company went through in FY 202X?

Answers

Answer:

Net sales = $950,000

Cost of goods sold = $660,000

         Finished Goods$     W.I.P$           Materials$

Q1              42,440             27,780             32,580

Q2             35,080             25,770             79,000

Q3              12,540             20,120              52,910

Q4              39,050            32,990             22,670

Total          129,110            106,660            187,160

a. Inventory Turnover Ratio

                                Sales/F.G             COGS/WIP       COGS/R.M.

                         950,000/129,110   66,000/106,660  660,000/187,160

                              7.35 times              6.18 times           3.52 times

b. Inventory weeks on hand (i.e. 52 weeks/inventory)

                               52/7.35                    52/6.18               52/3.52

                                  7.07                          8.41                     14.77

                               7 weeks                   8 weeks              15 weeks

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