Answer:
Customer orientation to pricing
Explanation:
Answer:
$53,250
Explanation:
In case of profit sharing ratio 3:1
Mary will receive 75% of profits, provided after any allocations made.
Therefore total share of Mary = Salary + Share in profit.
= $15,000.00 + ($51,000.00 X 75%) = $15,000.00 + $38,250.00 = $53,250.00
Note: Salary will also be credited to Mary's capital account, although in some cases firms also open partner's current account in that case salary will be credited to current account and not the capital account. But generally only one capital account is being operated.
Therefore amount credited to Mary's Capital Account = $53,250.00
Answer:
The next task for Nathan is likely to be:
- Preparing the store's balance sheet.
- Also to prepare other major financial statements.
Explanation:
Here, it is given that Nathan works as an accountant for a mid sized retail store. His tasks completed are a trial balance which has resulted in neither of the unexpected problems.
So, the next task for Nathan will be :
- preparing the store's balance sheet.
- Preparation of other major financial statements for the store.
The reports and all the major financial statements which are prepared by the accountants gives all the necessary informations that are used both in outside and the inside of the organisations for various decision making.
<span>In order to understand if the innovation will bring about more sales in terms of elasticity of the products, it is necessary to analyze the impact that a price drop would have on the demand for the produce being sold, and to what extent a price decrease will proportionally increase demand.</span>
