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Wewaii [24]
2 years ago
13

Essence of Skunk Fragrances, Ltd., sells 5,750 units of its perfume collection each year at a price per unit of $445. All sales

are on credit with terms of 1/10, net 40. The discount is taken by 35 percent of the customers.
Required:
What is the amount of the company's accounts receivable?
Business
1 answer:
lukranit [14]2 years ago
8 0

Answer:

The amount of the company's accounts receivable is $2,558,750.

Explanation:

Accounts Receivables are amounts owed to the company. They are measured at amounts that the company expects to be entitled to after a sale.

The sale journal is :

Debit : Accounts Receivables (5,750 units x $445) $2,558,750

Credit : Sales Revenue (5,750 units x $445)  $2,558,750

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The Tierney Group has two divisions of equal size: an office furniture manufacturing division and a data processing division. It
Mars2501 [29]

Answer:

The Correct statement is option B. The decision of the company not to adjust for risk means that the company will have to accept too many projects in the office furniture manufacturing division and too few in the data processing division.

Explanation:

Based on the information given the decision of the company not to adjust to the risks will lead to the firm accepting project that are too many in the office furniture Manufacturing Divsion while that of data processing Division will accept too few project, which means that the firm will be at risk in a situation where they want to raise the cost of capital reason been that the company cash flow will be Discounted by the investor at a rate that is high which will inturn Lead to the company value to decline.

Therefore The Correct statement is option B.

7 0
1 year ago
The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 3 square feet at $2.50 per square
jeka57 [31]

Answer:

$2,000 and it is favourable

Explanation:

Direct material quantity variance is defined as the efficiency with which materials are converted into products. It is calculated by multiplying standard price of material by the difference between standard quantity and actual quantity used.

Standard price (SP)= $2.50

Standard quantity (SQ)= 30,000 units

Actual quantity (AQ)= 29,200 units

Material quantity variance = SP * (SQ - AQ)

Material quantity variance= 2.50 * (30,000 - 29,200)

Material quantity variance= $2,000

5 0
2 years ago
Lowe's is the second-largest home improvement retailer in the world, with 2,002 stores. During its fiscal year ended in February
34kurt

The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:

Transaction        Assets                       =   Liabilities   +   Equity

Purchases          $0       +   $49,569    =   $49,569     +    $0

                          Inventory                         Accounts Payable

The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.

Data Analysis:

Merchandise Inventory $49,569 Accounts Payable $49,569

Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.

Related question on the financial statement effects at brainly.com/question/16362041

4 0
1 year ago
Which of the following is NOT one of the pitfalls of pursuing a differentiation strategy? a. Over-emphasizing efforts to strongl
ivolga24 [154]

Answer: Option A

Explanation: In simple words, differentiation strategy refers to the strategy in which a firm tries to develop and introduce a unique product that the customers find different from the other products offered by the competitors.

Thus, the emphasis that the company places on the differentiation works for the  benefit of the company as it gives the company an easy competitive advantage.

Hence the correct option is A.

5 0
1 year ago
Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it i
Gre4nikov [31]

Answer:

The lower economic cost will be going to neighboring city as the difference in price make it worth lossing those working hours.

Explanation:

As all placed will add the same half hour for shopping we should ignore and calculate based in the difference in the price of the suit and distance travel

We should add up the opportunity cost of the labor wage lost to go destination and go back.

Local department 103 dollars + 15 minutes x 2 ( back and forth) x $16 per hour = 103 + 8 = $ 111

Across town 88 dollars + 30 min x 2 x $16 per hour

88 + 16 =   $ 104

Neighboring city $63 + 1 hours x 2 x $16 per hour

$63 + $32 = $95

<u><em>The lower economic cost </em></u>will be going to neighboring city as the difference in price make it worth lossing those working hours.

7 0
2 years ago
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