Answer:
The correct options are<em> (B). Provide information about dissatisfied customers and the possibility of lost future sales and (D). Are usually recorded in separate contra-revenue accounts.</em>
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<em>From the foregoing the Account Receivable should be credited with the full amount of the original sales transactions not debited as provided in option </em><em>"A." Represent a reduction of the customer's account receivable.</em>
Explanation:
<em>Sales Returns and Allowances is a contra-revenue account deducted from Sales</em>. When customers return goods for one unsatisfied reason or the other, adjustments are made to the sales account. Likewise, deductions to the original selling price are made when the customer accepts defective products.
<em>How to Record the Sales Return Transaction
</em>
<em>The following under-listed steps are to be taken to make the appropriate entries:</em>
- Debit sales returns and allowances by the selling price.
- Debit the appropriate tax liability account by the taxes collected on the original sale.
- Credit cash or accounts receivable by the full amount of the original sales transaction.
The IMC channel that has received the greatest increase in aggregate spending recently is direct marketing or marketing that communicates directly with target customers to generate a response or transaction.
<u>Explanation:
</u>
Direct Marketing is a promotional strategy based on the distribution to potential customers of a marketing strategy.
The Systems of distribution used include mail, online and texting. Direct marketing is named because it removes intermediaries, like publicity media, in particular.
Direct marketing focuses instead of media advertising on delivery to individual consumers.
In much direct marketing, the call to action is a common factor.
It is easier to quantify than media advertising that direct marketing is successful.
In a number of direct marketing, the call for action is a special element. You are instructed to respond immediately to the request through a free telephone number, a reply card or a reference in the email advertisement. The recipient must also access the letter. A positive measure of a future purchase is any reply. Personal advertising is often linked to as ads for direct responses.
Answer:
B. $304,060
Explanation:
We know that
Ending balance of finished goods inventory = Beginning balance of finished goods inventory + Cost of Goods manufactured - Cost of Goods Sold
= $304,560 + $290,500 - $291,000
= $304,060
We simply applied the above formula to compute the ending balance of finished goods inventory by considering the beginning balance of finished goods inventory, cost of goods manufacture and cost of goods sold.
Answer:
$109.80 per unit
Explanation:
For we to be able to calculate the or solve the problem, we are to use the following method
Firstly
Variable cost per unit = $728,190 ÷ 8,700 units
Variable cost per unit = $83.70 per unit
Secondly
Fixed cost per unit at 8,900 units = $232,290 ÷ 8,900 units
Fixed cost per unit = $26.10 per unit
Lastly
Total cost = Variable cost + Fixed cost
Which we have as;
Total cost = $83.70 per unit + $26.10 per unit
Total cost = $109.80 per unit
Answer:
As a member of the board of directors, Lindsay will be involved in establishing the banks overall organizational strategy, long term plans and goals. She will also share the responsibility of hiring or firing the bank's top executives, i.e. CEO, CFO and COO. She will also represent the shareholders' interests (and safeguard them) and decide over the governance system of the bank.
