Answer:
Net Income $574
Explanation:
Calculation of Nueva's net income if it elects FIFO will be :
Net sales$7,400
Less Cost of goods sold ($4,806)
($5,610 − $804)
Gross profit 2,594
Operating expenses (1,638)
Income before taxes 956
(2,594-1,638)
Income tax 382.4
(40%×956)
Net income $574
(956-382.4)
Therefore the Nueva's net income if it elects FIFO would be $574
Answer:
The ending balance of Allowance for Bad Debts account is $800
Explanation:
The computation of the ending balance of allowance for bad debt is shown below:
= Credit sales × uncollectible rate
= $40,000 × 2%
= $800
The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.
However, the other information which is given in the question is not relevant. Hence, ignored it
Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.
Business also involves people — customers and employees — so communication and interpersonal skills are vitally important as well.
Answer:
no problem
Explanation:
why should I subscribe it if I DNT want
Answer:
C. It is not a good brand name because it is too long.
Explanation:
I would say that It is not a good brand name because it is too long. The reason is that brand name needs to be concise and to the point. It should be catchy and some cases should suggest what the brand is about.
It can be the product name but even for that it is too long. This brand name fits perfectly as a tag line for this new dog food line.
I hope the answer is helpful. Thanks for asking.
