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Serggg [28]
2 years ago
15

Fahad works for a company that markets all of Celextron's products. Fahad's company acts as the marketing department for Celextr

on, performing all marketing functions without actually taking title to the goods. Fahad's company is a
A. commission merchant.
B. manufacturers' agent.
C. sales branch.
D. selling agent.
E. full-service wholesaler
Business
1 answer:
Whitepunk [10]2 years ago
5 0

Answer:

D) selling agent.

Explanation:

Sine Fahad's company never obtains title for the goods that they sell, they are acting like a selling agent. They are very similar to a commission merchant except that Fahad's company is also responsible for the marketing functions of Celextron.

There are several types of sales agents and distributors, it all depends on certain details about how they work:

  • a manufacturer's agent work directly for the manufacturing firm, in this case it would have been Celextron.
  • a sales branch is a company owned by Celextron.
  • a full service wholesaler obtains title of the goods.

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Dogs R US uses the perpetual inventory system to account for its merchandise. On May 1, it returned $50 of merchandise due to a
nataly862011 [7]

Answer:

F. Debit Accounts Payable $50.

B. Credit Merchandise Inventory $50.

Explanation:

As the company uses perpetual Inventory System, the journal entry to record the purchase return will be -

Debit           Accounts Payable             $50

Credit          Merchandise Inventory    $50

As the purchase was on credit, cash would not be either debit or credit. As the Merchandise Inventory returned to the suppliers, inventory was decreased. Hence, inventory will not be debit. Accounts payable was reduced too. Therefore, accounts payable will not be credit. Purchase returns are used in the periodic inventory system.

3 0
1 year ago
Russell spends an hour studying instead of playing basketball. Russell’s willingness to study is due to the fact that he... Your
love history [14]

Answer:

c. feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

Russel made a choice to study for an hour instead of playing basketball. When making choices people weigh the benefits of an action against its opportunity cost.

Opportunity cost is the forgone alternative when we choose to do something.

In this instance Russell chose to study and the opportunity cost was to enjoy playing a basketball game.

For him to choose to study it means he saw the benefit of reading to be greater than the marginal cost of playing basketball. So he chose the most beneficial activity for him.

4 0
1 year ago
Read 2 more answers
Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge
Vilka [71]

Answer:

The journal entries for both corporations is prepared below

A)

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

B)

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

7 0
1 year ago
What is the overriding goal of a customer relationship management system?
MAXImum [283]
The correct answer is B
8 0
2 years ago
Mitsubishi Heavy Industries Ltd. and other Japanese companies manufacture airplanes under license to U.S. firms and also work as
Whitepunk [10]

Answer:

This type of effort is known as <u>collaboration</u>

Explanation:

Collaboration among businesses involve them <u>working together to achieve common business goals which could be </u><u>manufacturing </u><u>or marketing goals.</u>

In such instances, the businesses could combine their resource and share expenses among themselves and this helps reduce costs and increase efficiency.

7 0
1 year ago
Read 2 more answers
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