Name two types of consumer market
Q: the different types of purchasing procedures
A: A purchase process is a formal and systematic process of purchasing goods and service by an…
Q: Features of a primary and secondary market
A: The primary market is where securities are created, while the secondary market is where those…
Q: Explain primary market
A: Primary market is the market under which the securities of the companies are created. In the primary…
Q: Discuss the role of conversion cycle for service and retailing entities
A: Transaction Cycles: The similar transactions of an organization are grouped together to form a…
Q: What is a primary market?
A: Financial Markets refer to the place where financial assets or securities are being created,…
Q: Define goods in transit? Explain?
A: Goods are the inventory of the seller and for purchaser, the goods can be the raw material, if the…
Q: Define pricing decisions.
A: Selling Price: It refers to the price at which the product or service will be sold in the market…
Q: Define the Term Skilled Producers & Sophisticated Consumers?
A: Sophisticated Customer: A sophisticated customer refers to a customer who is aware regarding the…
Q: Define dealer market
A: Answer: Usually, secondary market is a place in which investor will buy and sell securities between…
Q: Sellers supply can be represented by-
A: Answer
Q: in which one of the following market, transaction regarding the Goods and Services appears on…
A: Financial market refers to the place where it provides a platform to the traders to buy or sell…
Q: Define Purchase return.
A: Financial accounting is the process of recording, summarizing, and reporting all the transactions in…
Q: Define special pricing.
A: Pricing: Pricing is a process where manufacturing company fixes prices for the products that are…
Q: Define sales allowance.
A: Sales allowances: When a customer agrees to buy defective goods or improperly made then seller gives…
Q: What is a transaction price?
A: Transaction price: It is the price of a service or a good which is expressed relative to the similar…
Q: Distinguish between primary markets and secondary markets
A: Primary-market-The primary market is the place where the new bonds, stocks, etc are sold to acquire…
Q: Define the term pricing decisions.
A: Selling Price: It refers to the price at which the product or service will be sold in the market…
Q: Describe the following approaches to pricing new products: skimming pricing, penetration pricing,…
A: Pricing decisions: Pricing decisions is one of the most important and required decision for the…
Q: Define Mark to market
A: Introduction: Mark-to-market denotes to the realistic worth of an account that can fluctuate over a…
Q: Explain Make-or-Buy Decision?
A: Meaning: It is a decision which is made to either manufature a product or service in house ( by…
Q: AA-DD model How is DD curve derived? Which markets does it represent?
A: The AA-DD model represents a synthesis of three markets models: the foreign exchange market, the…
Q: Differentiate between primary and secondary markets.
A: Primary market is a market where shares and securities are created and sold for the first time.…
Q: Describe the uses of target pricing.
A: Target pricing: A pricing method which is used to identify the price at which the product will be…
Q: Define the Make-or-Buy Decision?
A: A make or buy decision is to choose whether to manufacture the produce in-house or purchase it from…
Q: Give two definitions for enterprise value?
A: Enterprise Value is the measure of a company’s total value. It consider the entire market value of a…
Q: Define conversion price
A: Introduction: The conversion price is stated when the security is delivered. In case of a…
Q: Define the term Purchase Volume?
A: INTRODUCTION Purchases In accounting, the cost of making purchases during a time period with the…
Q: Define transfer price
A:
Q: Distinguish between: Primary market and secondary market
A: An organization's total capital is bifurcated into many units. Each unit represents ownership in the…
Q: Define opportunity cost
A: Opportunity costs represent the benefits an individual, investor or business misses out onwhen…
Q: Define the term merchandiser.
A: Cost accounting system: Cost accounting system of an organization consists of procedures and…
Q: What purpose does a purchasing department serve?
A: Purchasing Department: The purchasing department accommodates the organization for the inventory…
Q: Define Households.
A: A household refers to a social entity of people living in a house or a home. However, this…
Q: What is the difference between purchasing digitaladvertisements with a cost-per-impression…
A: Introduction : The cost of per click and the cost per impression are two methods for doing digital…
Q: Explain Consumer Behaviour and Costs.
A: Behaviour is the way in which one acts or conducts oneself, especially towards others.
Q: Define the term price-setters.
A: When a company cannot dictate prices then it is known as price taker. On the contrary, when a…
Q: Explain an example of value added cost.
A: value-added costs: A value-added costs add to the desirability of the product or services in the…
Q: Define broker
A: Broker is referred as a person or a firm, who used to arrange the transactions between the seller…
Q: O Multiple product
A: Costing refers to the technique of calculating the cost incurred in a project such as budgets,…
Q: What is the distinction between service and merchandisingcompanies?
A: Despite the fact that marketing organizations and administration organizations adjust to sound…
Q: The flow of goods and services to consumers is illustrated by
A: Relationship of Goods and Service price with Consumer Supply Chain of goods and Service from…
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- Chicken Wings Company is engaged in buying and selling of office equipment which caters both cash and on account sales to customers. The following are the transactions that affect accounts receivable during 2021:Sales (cash and on account), P591,050Cash received from cash customers, P205,175Cash received from credit customers (281,300 was received from customers who took advantage of the discount feature of the company’s credit term 3/10, n/30, P320,800Accounts written of as worthless, P4,955Credit memoranda issued to credit customers for sales returns and allowances, P26,275Cash refunds given to cash customers for sales returns and allowances, P16,972Recoveries on accounts written off as uncollectible in prior periods (not included in cash collections stated above), P6,615An aging of the receivables indicates that P17,300 of the accounts receivable balance are deemed uncollectible.The following balances were taken from the December 31, 2020 statement of financial position:Accounts…Chicken Wings Company is engaged in buying and selling of office equipment which caters both cash and on account sales to customers. The following are the transactions that affect accounts receivable during 2021:Sales (cash and on account), P715,171; Cash received from cash customers, P243,297; Cash received from credit customers (340,373 was received from customers who took advantage of the discount feature of the company’s credit term 3/10, n/30, P368,760; Accounts written of as worthless, P5,996; Credit memoranda issued to credit customers for sales returns and allowances, P29,250; Cash refunds given to cash customers for sales returns and allowances, P20,536; Recoveries on accounts written off as uncollectible in prior periods (not included in cash collections stated above), P8,004An aging of the receivables indicates that P20,933 of the accounts receivable balance are deemed uncollectible.The following balances were taken from the December 31, 2020 statement of financial…10) olo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid Salaries of RO 800 19- Paid cash of RO 2,500 to NBO for the payment of loan. 24- Paid RO 6,600 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Others column of Cash payments book for the month of February 2019? a. RO 12,100 b. RO 5,500 c. RO 2,200 d. RO 3,300
- 9/The business has the following transactions for the month of May 2019. 9- Sold goods and received cash of RO 2,750 11- Received commission of RO 750 17- Received cash from KR traders of RO 3,300 for the goods sold on May 4 2019, on credit. 19- Sold goods to Rainbow traders and received cash of RO 3,250 Calculate and show the amount which will be transferred to the Cash sales column in the cash receipts book for the month of May 2019? a. RO 750 b. RO 6,000 c. RO 3,300 d. RO 3,500Lucky House Ltd Trial Balance As at 30 September 2020 Account Debit(£) Credit(£)Cash at Bank 5,850Capital Account 15,000Machine 8,100Raw Materials 2,655Stationery 250Accounts Payable 6,545Rent 950Business Insurance 38Prepayments 1,362Sales Income 17,550Cost of Goods Sold 11,345Accounts Receivable 4,500Drawings 4,000Telephone 45Depreciation 135Accumulated Depreciation 135 Total 39,230 39,230 Prepare a statement of cash flow ?Lucky House Ltd Trial Balance As at 30 September 2020 Account Debit(£) Credit(£)Cash at Bank 5,850Capital Account 15,000Machine 8,100Raw Materials 2,655Stationery 250Accounts Payable 6,545Rent 950Business Insurance 38Prepayments 1,362Sales Income 17,550Cost of Goods Sold 11,345Accounts Receivable 4,500Drawings 4,000Telephone 45Depreciation 135Accumulated Depreciation 135 Total 39,230 39,230 Prepare a Statement of Profit & Loss and Statement of…
- 21) Solo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid Salaries of RO 800 19- Paid cash of RO 8,400 to Ali mart for the goods purchased on credit. 24- Paid RO 6,600 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Account payable column of Cash payments book for the month of February 2019? a. RO 8,400 b. RO 2,200 c. RO 15,000 d. RO 800Clariza Frozen Goods Inc. opened its business on January 1, 2020. The Company has the followingtransactions during the year:• Sales (cash and credit) during the year amounted P5,000,000. Ninety percent of these were madeon credit.• The Company granted discounts to its customers as follows:o 3/10, n/30o 2/15, n/30o 1% for all cash customers• Cash received from customers (deposited with Jennifer Bank) amounting to P3,425,000 consistedof:✓ Cash customers P495,000✓ Customers paying within 10 days 1,940,000✓ Customers paying within 15 days 490,000✓ Customers not availing the discounts 500,000• Merchandise returns amounted to P500,000, all related to credit sales.• The Company provided for 2% of its net credit sales as doubtful accounts.Unadjusted balances of some of the Company’s accounts as at December 31, 2020 before closing its booksare as follows:Cash in bank per ledger - Charles Bank P1,500,000Cash in bank per bank statement - Charles Bank 1,775,000Current account - Jennifer Bank…Clariza Frozen Goods Inc. opened its business on January 1, 2020. The Company has the followingtransactions during the year:• Sales (cash and credit) during the year amounted P5,000,000. Ninety percent of these were madeon credit.• The Company granted discounts to its customers as follows:o 3/10, n/30o 2/15, n/30o 1% for all cash customers• Cash received from customers (deposited with Jennifer Bank) amounting to P3,425,000 consistedof:✓ Cash customers P495,000✓ Customers paying within 10 days 1,940,000✓ Customers paying within 15 days 490,000✓ Customers not availing the discounts 500,000• Merchandise returns amounted to P500,000, all related to credit sales.• The Company provided for 2% of its net credit sales as doubtful accounts.Unadjusted balances of some of the Company’s accounts as at December 31, 2020 before closing its booksare as follows:Cash in bank per ledger - Charles Bank P1,500,000Cash in bank per bank statement - Charles Bank 1,775,000Current account - Jennifer Bank…
- Clariza Frozen Goods Inc. opened its business on January 1, 2020. The Company has the followingtransactions during the year:• Sales (cash and credit) during the year amounted P5,000,000. Ninety percent of these were madeon credit.• The Company granted discounts to its customers as follows:o 3/10, n/30o 2/15, n/30o 1% for all cash customers• Cash received from customers (deposited with Jennifer Bank) amounting to P3,425,000 consistedof:✓ Cash customers P495,000✓ Customers paying within 10 days 1,940,000✓ Customers paying within 15 days 490,000✓ Customers not availing the discounts 500,000• Merchandise returns amounted to P500,000, all related to credit sales.• The Company provided for 2% of its net credit sales as doubtful accounts.Unadjusted balances of some of the Company’s accounts as at December 31, 2020 before closing its booksare as follows:Cash in bank per ledger - Charles Bank P1,500,000Cash in bank per bank statement - Charles Bank 1,775,000Current account - Jennifer Bank…Clariza Frozen Goods Inc. opened its business on January 1, 2020. The Company has the followingtransactions during the year:• Sales (cash and credit) during the year amounted P5,000,000. Ninety percent of these were madeon credit.• The Company granted discounts to its customers as follows:o 3/10, n/30o 2/15, n/30o 1% for all cash customers• Cash received from customers (deposited with Jennifer Bank) amounting to P3,425,000 consistedof:✓ Cash customers P495,000✓ Customers paying within 10 days 1,940,000✓ Customers paying within 15 days 490,000✓ Customers not availing the discounts 500,000• Merchandise returns amounted to P500,000, all related to credit sales.• The Company provided for 2% of its net credit sales as doubtful accounts.Unadjusted balances of some of the Company’s accounts as at December 31, 2020 before closing its booksare as follows:Cash in bank per ledger - Charles Bank P1,500,000Cash in bank per bank statement - Charles Bank 1,775,000Current account - Jennifer Bank…5/The business has the following transactions for the month of May 2019. 9- Sold goods and received cash of RO 2,750 11- Received commission of RO 750 17- Received cash from KR traders of RO 3,300 for the goods sold on May 4 2019, on credit. 19- Sold goods to Rainbow traders and received cash of RO 3,250 Calculate and show the amount which will be transferred to the total column of Cash receipts book for the month of May 2019? a. RO 3,300 b. RO 750 c. RO 10,050 d. RO 3,500