The main purpose of the gross method of accounting for sales discounts is to abide by the GAAP requirements to record sales in the amount most likely to be received.
What are GAAP requirements?Also called the Generally Accepted Accounting Principles requirements, it refers to the collection of accounting rules and standards for financial reporting.
Hence, the gross method of accounting for sales discounts are used because its abide by the GAAP requirements to record sales in the amount most likely to be received.
Therefore, the Option D is correct.
Read more about GAAP
brainly.com/question/17895474
#SPJ12
On September 1, 2021, Daylight Donuts signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
The interest payable at the time period indicated will be $3000.
How to calculate the interest?From the information given, the interest payable will be:
= Note value × Interest time × Time period
= $100000 × 9% × 4/12
= $100000 × 0.09 × 1/3
= $3000
In conclusion, the interest payable at the time period indicated will be $3000.
Learn more about interest on:
brainly.com/question/2294792
#SPJ12
If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 percent. This illustrates:.
The effect of the decrease in the price of the guitars illustrates an elastic demand.
What does the price change illustrate?The first step is to determine the percentage change in the price of the guitars.
Percentage change in price = (2499 / 2699) - 1 = -0.074 = -7.4%
Now, determine the price elasticity of demand =30 / -7.4% = -4.1
The coefficient of elasticity is greater than 1 in absolute terms, thus the demand is elastic.
To learn more about price elasticity of demand, please check: https://brainly.com/question/18850846
#SPJ1
Spatial layout and functionality increase in importance when:
Spatial layout and functionality increase in importance when service is provided in a self-service environment.
What is Service?A Service is an act rendered by either an individual, government, or a firm that could be paid for by an individual or rendered for free.
In the case of spatial layout and functionality, the importance increases when service is provided or in a self-service environment.
Learn more about a Service here:
https://brainly.com/question/1286522
#SPJ12
1. describe a buying situation in which you were successfully cross-sold and a situation in which you were ""traded up.""
To cross-sell is a phenomenon in sales that means to sell a product to a customer because of the initial product that they purchased. A great example would be purchasing a memory card because one purchased a mobile phone.
What does it mean to Trade-Up?Trading up simply refers to giving up a product for a more expensive one. An example would be trading up a 1995 Mercedes Benz for a 2022 BMW.
The two sales phenomenon described above can be used as strategies for sales.
Learn more about sales at:
https://brainly.com/question/4978438
#SPJ11
A firm experiences diseconomies of scale when it:
A firm experiences diseconomies of scale when it: grows so large that the cost per unit has to increase.
What is referred to as diseconomies of scale?This has to do with the fact that a business has become so large. When it grows to be so big, the cost for every unit would then have to raise.
Limited resources and infrastructure could be the reasons why there may be diseconomies of scale.
Read more on diseconomies of scale here:
https://brainly.com/question/15827092
#SPJ12
A decrease in ________ can put your job at risk if aggregate expenditures fall. group of answer choices the inflation rate the natural rate of unemployment consumer confidence the length of a business cycle g
A decrease in consumer confidence can put your job at risk if aggregate expenditures fall.
What is consumer?Any person or group of persons who buy or utilize products or services only for their own consumption and not for production or resale are considered consumers. In the sales distribution chain, they are the final consumers.
Consumer are the important for the growth of the business. A company should maintain its existing customers and increase the new customers for the increment in the sales of its product.
Therefore, the decline in the consumer confidence can lead to the loss of the customer from the organization. It will result in the fall of the aggregate expenditure.
Learn more about aggregate expenditures here:
https://brainly.com/question/15870681
#SPJ1
The first step of the financial evaluation process for capital budgeting is:
Identification of an investment option is the first step of the financial evaluation process for capital budgeting.
What is capital budgeting?The term capital budgeting has to do with the fact that a business would decide to undertake certain projects that they consider to be very major.
The first step to doing this is to identify a major investment option for the business.
Read more on capital budgeting here: https://brainly.com/question/7442083
#SPJ12
A tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by?
A tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by $1,750.
What is tax credit?Tax credit can be defined as the money deducted from the tax you owe.
Using this formula
Tax reduction=Amount owe- Tax bracket percentage
Let plug in the formula
Tax reduction=$5,000×35%
Tax reduction=$1,750
Therefore a tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by $1,750.
Learn more about tax credit here:https://brainly.com/question/3350870
#SPJ1
The Lincoln Company produces a wide range of furniture, such as cabinets, bookcases, and bureaus. It divides its consumer market into several groups of people who have similar interests in wooden furniture. The strategy of dividing its consumer market most likely _______. a. allows the Lincoln Company to use an undifferentiated targeting strategy b. enables the Lincoln Company to define customer needs and wants more precisely c. allows the Lincoln Company to meet the market's needs with a single marketing mix d. eliminates the need for developing marketing objectives
Lincoln company's strategy of dividing its consumer market will enables it to define customer needs and wants more precisely.
What is the strategy used by Lincoln company?In marketing, this is known as segmentation which involves division of customers according to their segment such as age, needs, gender etc.
Here, as the firm has divided its consumer market into several groups that have similar interests in wooden furniture, this will allow them to define customer needs and wants more precisely.
Therefore, the Option B is correct.
Read more about segmentation
brainly.com/question/7181203
#SPJ1
Sure Start wants their new international managers to develop greater emotional intelligence by identifying their strengths and weaknesses. Charlie would like the managers to focus on their own internal conditions, such as how they manage and control their own impulses. Which principle is Charlie asking the managers to examine
Charlie is asking the managers of Sure Start to examine and implement D. Self-Regulation.
What is Sure Start asking for?Sure Start is asking that managers learn to regulate their own emotional intelligence by themselves.
This is self-regulation and it involves looking at one's strengths and weaknesses and playing to the strengths, while working on weaknesses.
Options for this question are:
a. Empathyb. Self-awarenessc. Motivationd. Self-regulationFind out more on self-regulation at https://brainly.com/question/7888277.
#SPJ12
Data analysts pay attention to sample size in order to achieve what goals?
Data analysts are known to pay attention to the sample size so as to
To make sure a few unusual responses don't skew resultsTo make sure the data represents a diverse set of perspectiveTo avoid a small sample size leading to inaccurate judgmentsWho is a data analyst?This is a term that is used to refer to a person that is engaged in the handling of data.
Such a person helps to analyze, retrieve and also make conclusions using the available data.
Read more on data analysts here:
https://brainly.com/question/23810306
#SPJ12
Economic analysis suggests that countercyclical macro-policy will a. help reduce economic instability if, and only if, we are willing to tolerate double-digit inflation. b. be difficult to time properly because of uncertainty about the future direction of the economy. c. reduce the natural rate of unemployment when macro-policy is persistently expansionary. d. be difficult to implement because we do not know whether monetary policy is transmitted through the interest rate, or whether it affects aggregate demand directly.
Economic analysis suggests that countercyclical macro-policy will c. reduce the natural rate of unemployment when macro-policy is persistently expansionary.
What is Counter-cyclical fiscal policy?Counter-cyclical fiscal policy can be regarded as the policy that government usually used to go against the direction of the economic or business cycle.
Therefore, reduce the natural rate of unemployment when macro-policy is persistently expansionary.
Read more on human capita development here:
https://brainly.com/question/6583917
#SPJ12
Geraldo, a construction worker, tends to buy a new gadget if most of his friends have them and only after they've teased him about not having the gadget yet. He relies on reviews from his friends rather than on television or newspaper advertisements to make his purchase decisions. It can be inferred that when it comes to the diffusion of innovation Geraldo belongs to the group of _____.
It is inferred that Geraldo belongs to the group of late majority as he mostly relies on reviews from his friends rather than advertisements to make his purchase decisions.
What is a late majority group?In marketing, these people forms the 34% of the population and they always adopt a new product only after the majority does.
Hence, as Geraldo mostly relies on reviews from his friends rather than advertisements to make his purchase decisions, he belongs to the group of the late majority.
Read more about late majority
brainly.com/question/15858673
#SPJ12
Which trim level is available exclusively for customers who participate in the 2023 ariya reservation program?.
Customers who take part in the reservation program are the only ones who can purchase the front-wheel-drive Ariya Premiere.
What is trim level?
Manufacturers utilize trim levels to specify a vehicle's degree of equipment or unique characteristics. A vehicle's features and equipment are also determined by any option packages or individual options that were included in the order for the vehicle.
It comes with lighted Premiere kick plates, a Premiere grade badge, and 19-inch aluminum-alloy wheels with special aero wheel cover paint treatment.
Learn more about trim level :
https://brainly.com/question/27930408
#SPJ1
What cortex is the decision-making and planning center of consciousness
Prefrontal cortex is the decision-making and planning center of consciousness.
What is prefrontal cortex?The prefrontal cortex is said to be the seat of planning.
The cortex is a part of the brain which is the control of all mind activity. The prefrontal is located at the front of the brain and it helps planning of activities.
Therefore, prefrontal cortex is the decision-making and planning center of consciousness.
Learn more on planning below,
https://brainly.com/question/25453419
#SPJ12
____,while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Multiple choice question.
The complete statement is "A decrease in the supply of a good, while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Multiple choice question.". This is further explained below.
What is the equilibrium price of the good,?Generally, the equilibrium price of the good is simply defined as If supply and demand are equal, then the price at which the market clears is the equilibrium price of the commodity or service.
In conclusion, In this case, a downward trend is represented by an upward or leftward shift in the supply curve.
Read more about the equilibrium price of the good
https://brainly.com/question/11161357
#SPJ1
a decrease in a supply of a good
Which athlete received the largest contract in the history of sports? mike trout lionel messi patrick mahomes lebron james.
Answer:
Lionel Messi
Explanation:
it's common sense
Is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.
Information is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.
What is the importance of information?It should be noted that information simply means the data that has been processed.
In this case, inormation is the presentation of raw numerical or verbal descriptions in a form that is useful for a specific purpose.
Learn more about information on:
brainly.com/question/4231378
#SPJ1
What are the concerns in cash management, and how does cash management iss help financial managers?
The cash management can help financial managers in the collecting and managing cash flows from the activities of the firm.
How can cash management can help financial managers ?Cash management, which is a treasury management, can be of help to the financial managers by helping them to be able to manage cash flows from the operating activities of the firm.
This could range from the investing, and financing activities of the firm and it help in achieving the financial goal of of the organization.
Learn more about cash management at:https://brainly.com/question/735261
#SPJ12
David, a sales manager at Texel Inc., is known for his dominant behavior. He often disregards the suggestions of his team members and gets his own way at their expense. David's demeanor is an example of _____.
David, a sales manager at Texel Inc., is known for his dominant behavior. He often disregards the suggestions of his team members and gets his own way at their expense. David's demeanor is an example of aggressive behavior. This is further explained below.
What is aggressive behavior.?Generally, According to social psychology, the term "aggression" is used to characterize any action or act with the intent to do damage to another person, animal, or object.
In conclusion, Sales manager David of Texel Inc. is notorious for his aggressive demeanor. He often goes against the wishes of his teammates to accomplish his own goals. An aggressive attitude, such as David's, is exemplified by his actions.
Read more about aggressive behavior.
https://brainly.com/question/6456059
#SPJ1
Financial managers examine the financial data prepared by __________ and make recommendations to top executives about strategies for improving the financial strength of a firm. Multiple Choice managers accountants financial analysts stock brokers
Answer:
Financial managers examine the financial data prepared by accountants_____ and make recommendations to top executives about strategies for improving the financial strength of a firm. Multiple Choice managers accountants financial analysts stock brokers
The car-related website and media company, Edmunds, provides reviews and ratings of vehicles and is well respected by individuals in the car industry as a neutral source. Consumers appreciate its advice and information and know they can trust Edmunds for non-biased information. In addition to its own website and magazine, Edmunds is using the ________ Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.
In addition to its own website and magazine, Edmunds used the "bulletin-board site" Pinterest to post photos and links to recent articles as well as answer questions posed by members of Pinterest.
What is bulletin-board site?Such a website provides a forum for some users to discuss particular subjects. Some talks are only open to a certain group of people, while others are open to everyone.
Some features of bulletin-board site are
A bulletin board, also known as a pinboard, noticeboard, or notice board in British English. It is a surface designed for the posting of public messages, such as those announcing events, offering information, or announcing objects that are sought or for sale.To know more about the web pages, here
https://brainly.com/question/9060926
#SPJ4
If Microsoft were to dominate the entire software industry, effectively eliminating all other competitors, then Microsoft would be seen in economic terms as (a/an)
If Microsoft were to dominate the entire software industry, effectively eliminating all other competitors, then Microsoft would be seen in economic terms as a monopolist.
What is a monopoly?Monopoly is the exclusive ownership resulting from a legal advantage, control over the supply, or collective action.
Numerous well-known businesses, such as dining establishments, hair salons, clothes, and consumer electronics, are subject to monopolistic competition. McDonald's and Burger King are two excellent examples. Both are fast food companies that cater to the same clientele and provide comparable goods and services.
Learn more about monopolistic here:
https://brainly.com/question/15413375
#SPJ4
if owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the first amendment. true false
Owns can legally do so under the first amendment. Therefore, it's true.
What is first amendment?It should be noted that first amendment states that the Congress makes no law representing and establishment of religion.
In this case, if Owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the first amendment.
Learn more about first amendment on:
brainly.com/question/26448398
#SPJ11
After a prolonged period of high inflation the government of Atlantia decides to set a target of 0% inflation going forward. As the new assistant economic minister, you are tasked with critiquing this policy. Which criticism of the 0% inflation target is best supported by the economic literature
The best support against a 0% inflation target given by the economic literature is c. A 0% inflation target could lead to deflation.
Why is a 0% inflation target risky?If 0% inflation is targeted, the policy might be so effective that inflation becomes negative and deflation happens.
When deflation happens, the economy will experience hardships with lower production levels that will impact other sectors of the economy.
Options for this question include:
a. It is undisputed that too little inflation interferes with the downward adjustment of real wages.
b. Moderate to high inflation is popular among consumers.
c. A 0% inflation target could lead to deflation
Find out more on deflation at https://brainly.com/question/13562161.
#SPJ12
how does tax help to stabilise the prices of products
Answer:
An increase in income taxes reduces disposable personal income and thus reduces consumption (but by less than the change in disposable personal income).
Hope it helps!
Frank is the fresh produce supplier to Green Valley, an upscale restaurant. He provides the restaurant with imported meat for which he is paid $1,500 per day. One day, Frank fails to deliver the meat due to personal reasons. This causes the restaurant to order from a neighboring city for $2,500. The delay in shipment results in a foreseeable loss of $1,500 in revenue for Green Valley. If Green Valley decides to sue Frank for damages, the court is most likely to award Green Valley with damages in the amount of __________. Multiple Choice $5,500 $1,000 $8,000 $4,000 $2,500
$2,500.
Business Agreement Between Two Parties:It benefits both sides to get into a contract with someone for services, or commodities, or to form a partnership. Positive thinking and hope do not ensure that issues will not arise during the transaction. A contract between two parties must be prepared when two businesses seek to pool their resources for common commercial objectives. You can retain legal counsel to assist you in creating a contract.A contract between two parties specifies the terms of the transaction and includes the parties' names, a description of the commercial activity, and other information. Contracts must adhere to a number of common standards in order to be upheld, one of which is that they must be in writing.One party can go to court again another party if something which is not mentioned is done and vice-versa.Explanation -Therefore, the court will most likely award Green Valley with damages the total sum of $2,500.
$1,500 dor loss and $1,000 as compensation.
Know more about the partnership here:
https://brainly.com/question/25012970
#SPJ4
The country of Bratislaka hired Gudurn to assist with government policies regarding the macroeconomy. Gudrun is a neoclassical economist and makes all decisions based on those economic philosophies. What policies will Gudrun tell the government to enact in order to foster a health economy
The policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.
What is tax?It should be noted that tax simply means the compulsory levy that's paid to the government by individuals and businesses.
In this case, the policies that Gudrun will tell the government to enact in order to foster a healthy economy are to keep inflation low and maintain low tax levels.
Learn more about tax on:
brainly.com/question/25783927
#SPJ1
A marketing manager with a fixed budget wants to drive as many customers as possible to their website. Which bidding strategy can meet the marketing manager's needs?
The bidding strategy that the marketing manager should use to drive customers to the website is a Maximize Clicks.
What does a Maximize Clicks strategy entail?This is a bidding strategy where the tools used will automatically set up bids that will aim to bring in as many customers as it can to the website.
The budget of the company will be a parameter of the strategy such that it would bring in customers depending on the budget it is working with.
Find out more on bidding strategies at https://brainly.com/question/13994363.
#SPJ1
real estate competes for ______ in the capital market.
Real estate competes for fund in the capital market.
What is capital market?This is a market where long term securities such as shares and stocks are bought and sold.
In a capital market, people can trade in or sell long-term debt or equity-backed securities.
Common capital market securities are:
StocksBondsReal estate investment trusts (REITs).Learn more about capital market here: https://brainly.com/question/1159116
#SPJ11
