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1 year ago

A customer is upset because an advertised item has been sold out. how would you respond to the customer

1 answer:

6 0

If i was a worker at the lets say store I would say, "How about you give me your phone number and when its restalked or on sale again, I call you, ok?"

If I was a bystander I would walk away probably, or try to help in some way, if the customer was a kid I would probably just give it to them.

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"Swiss Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of

Fudgin [204]

Answer:

Receivable days are 52 days.

Explanation:

Receivable days can be found from the following formula:

Receivables days = Receivables / Credit Sales * 365

The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:

Receivables days = $950,000 / $6,650,000 * 365 = 52 days

So the average receivable collection days were 52 days during the year.

6 0

2 years ago

Breeze Inc. receives payment of $800,000 for 4 wind turbines that were delivered and invoiced on credit in the previous month. H

just olya [345]

Answer:

No impact on accounting equation of Breeze Inc.

Explanation:

Account equation: Asset = Liabilities + Shareholders' equity

Upon delivery and invoicing of the 4 wind turbines, the Breeze Inc. had recognized following journal entry:

An asset is recorded

Accounts receivable (Debit)

Sales (Credit)

Upon receipt of cash, accounts receivable is credited and cash is credited e.g. there is no impact on total assets, therefore there is no impact on accounting equation.

3 0

2 years ago

An agent's attempt to stop the replacement of an existing life insurance policy or annuity is known as

Anna71 [15]

The answer for this question is: Conservation
In most cases, conservation action in life insurance will be taken if a premium on a certain policy has been outstanding for a specific period of time.
In this case, to protect the company from any potential loss, they need to replace the insurance policy as soon as possible

4 0

1 year ago

Mann, Inc., has a bonus plan covering all employees. The total bonus is equal to 10% of Mann’s preliminary (prebonus, pretax) in

zloy xaker [14]

Answer:

$12,500

Explanation:

Bonus = 10% x ($200,000 - taxes)

Bonus = $20,000 - 0.1T

So we must now find T:

T = 40% x ($200,000 - Bonus)

T = $80,000 - 0.4Bonus

now we can replace:

Bonus = $20,000 - 0.1($80,000 - 0.4Bonus)

Bonus = $20,000 - $8,000 + 0.04Bonus

Bonus - 0.04Bonus = $12,000

0.96Bonus = $12,000

Bonus = $12,000 / 0.96 = $12,500

7 0

2 years ago

Hamilton Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year,

Zigmanuir [339]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, December 31= 1,960 units at $ 6

For the current year:

Purchase, March 21= 6,200 units at $5

Purchase, August 1= 4,020 units at $3

Inventory, December 31, current year 2,980 units

We need to determine the cost of inventory using the following methods:

LIFO (last-in, first-out)

Inventory= 1,960*6 + 1,020*5= $16,860

FIFO (first-in, first-out)

Inventory= 2,980*3= $8,940

Weighted Average:

Average cost= (6 + 5 + 3)/3= 4.67

Inventory= 2,980*4.67= $13,916.6

4 0

2 years ago