Answer:
What amount of the rebates, if any, can Big Homes deduct this year?
$19500
Explanation:
$19,500 if this amount is not material, Big Homes could continue offering rebates in next sells, in addition expects to pay the accrued rebates before filing their tax return for this year.
Answer:
The computation is shown below:
Explanation:
The journal entries are shown below:
a. Account payable $70,000
To Notes payable $70,000
(Being the issuance of the note is recorded)
b. Note payable $70,000
Interest expense $1,575
To Cash $71,575
(Being the payment of the note at maturity date including interest is recorded)
The computation is shown below:
= $70,000 × 9% × 90 days ÷ 360 days
= $1,575
We assume 360 days in a year
Now the effects on the accounts and the financing statement for issuance of the note is shown below:
Balance sheet
Assets = Liabilities + Stockholder equity Income statement cash flow statement
No effect = Account payable - $52,000 + No effect No effect + no effect
Note payable + $52,000
Answer: is correct
Explanation: Tariff refers to the tax imposed on import and export activities. These are a type of trade restrictions that are made to regulate the domestic market of the country.
The tariff imposed on export will increase the price of the exported goods in the domestic market. Thus a majority population in the country will not purchase it and the domestic producers will benefit from this situation. In such a case, the domestic producers will make unreasonable profits from domestic consumers.
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Karina is aware that performances on Friday, Saturday, and Sunday are more popular than those on weekdays. As a result, her theater charges a higher price for weekend tickets. This is an illustration of dynamic pricing.
<h3>What role does pricing policy play?</h3>
Pricing rules help businesses maintain profitability by allowing them to sell various products differently. Your company may value having a well-defined pricing policy so that it may make price adjustments rapidly and capitalize on the strengths of its products in one or more areas. After the product is manufactured, pricing is an essential decision-making factor. The price of a product determines its future, its acceptance to buyers, and its return and profitability. It is a competitive tool. The goal of pricing for every company is to set an acceptable price for consumers while also allowing the producer to survive in the market. Every company is at risk of being pushed out of the market due to fierce competition and changes in client preferences and taste.
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