Answer: 25
Explanation:
Given, A company experiences a stock split due to poor performance. Ariana's initial investment was a purchase of 50 stocks at $12.99 per share.
Value of her shares = 50 x $12.99
= $649.50
The reverse split is 1:2 means the number of shares split into half but the total value of her shares remains the same.
i.e. Ariana owns 50/2=25 stocks after the stock split.
Hence, Ariana owns 25 stocks after the stock split.
Answer:
I'm not completely what the correct answer is
Answer: Debit to Product Warranty Payable
Explanation: Product Warranty Payable is a liability account that has a credit balance. To increase a liability a credit is recorded while to reduce a liability a debit is recorded to the liability.
The seller maintains the warranty as a liability and initially records a debit to its product warranty expense and a credit to its product warranty Payable.
When a repair is done on a product under warranty, the seller records a debit to the product warranty Payable to reduce it’s liability.
Also, a debit to either supplies or cash will increase the expense and assets accounts respectively which will amount to incorrect journal entries.
Answer:
The total selling expenses for the quarter will be $25,800
Explanation:
The computation of the total selling expenses for the quarter is shown below:
= Salaries + commission + Advertising
where,
Salaries = Expected salaries × number of months in one quarter
= $5,000 × $3
= $15,000
Commission = (January sales + February Sales + March Sales) × Commission percentage
= ($25,000 + $30,000 + $35,000) × 10%
= $9,000
And, the adverting equal to
= Expected advertising expenses × number of months in one quarter
= $600 × 3 months
= $1,800
Now put these values to the above formula
So, the value would be equal to
= $15,000 + $9,000 + $1,800
= $25,800
The full question is:
Karl's Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl's is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of these requests, Karl has entered into negotiations with three providers of high-quality rock climbing shoes and gear. What do Karl's activities show about his marketing for Karl's Sporting Goods?
Answer:
He has a marketing concept and is acting on it.
Explanation:
A marketing concept is the way by which businesses identify the needs of customers and come up with strategic ways of meeting those needs better than competing firms.
Different marketing concepts include: production concept, product concept, selling concept, marketing concept, and the societal marketing concept.
In the given scenario Karl's sporting goods only catered for fly fishers but as demand for other items increased they branched into other outdoor sport items.
He is stocking gear for swimming, rock climbing, and mountain bikers through partnership with suppliers even if they are not his primary market.
This is acting on marketing concept to be able to meet demand for the other outdoor sporting activities he does not normally supply
