Answer:
Accounts receivable more than 60 days = $39,500
% of accounts receivable = 11.07%
Explanation:
The following table shows the aging schedule-
Customer Amount Owed ($) Age (days)
ABC $47,150 32
DEF 37,500 7
GHI 18,900 14
KLM 72,000 28
NOP 41,450 43
QRS 16,000 11
TUV 84,300 58
WXY 39,500 75
We have to develop a schedule with a 15 days incremental through 60 days. And we show which customers are falling in that category -
0-15 (DEF + GHI + QRS) = $(37,500 + 18,900 + 16,000) = $72,400
16-30 (KLM) = $72,000
31-45 (ABC + NOP) = $(47,150 + 41,450) = $88,600
46-60 (TUV) = $84,300
Over 60 (WXY) = $39,500
Accounts receivable more than 60 days = $39,500
Percentage of Accounts receivable = 
= 11.07%
Answer:
<u>Financing </u>
Explanation:
Financing refers to usage of money and funds to finance the marketing agencies and promotions, in addition to financing the movement of goods through different channels of distribution.
Retailers usually use credit schemes to induce customers such as, payment in installments with zero interest payments. Such schemes enhance sales and also build consumer trust.
In the given case, Appliance Depot offers credit services whereby customers are granted convenient payment terms such as no down payment and interest free installments. This represents the marketing function of financing wherein the retailer facilitates financing customer's purchase via such credit schemes.
Answer: Company should not expand to either.
Explanation:
Find the expected values of expanding to either country and pick the country with the highest expected value:
China:
= ∑(Probability of outcome * Outcome)
= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)
= -$300,000
Vietnam:
= (70% * 1,000,000) + (30% * -2,500,000)
= -$50,000
<em>Both countries result in an expected loss so company should not expand to either of them. </em>
Answer:
The correct answer is $300,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Original cost = $250,000
Fair value = $300,000
Retail value = $520,000
As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.
Here, Fair value is given.
So, the transaction will be recorded at fair value = $300,000
