Hewitt Company expects cash sales for July of​ $11,000, and a​ 19% monthly increase during August and September. Credit sales of

Answer:

full-service wholesalers

Explanation:

According to the situation described, the wholesale customers that require all the services listed in the question fall under the category of full-service wholesalers.

A full-service wholesaler provides a complete range of services including stocking inventory, offering credit options, managing a sales team, giving management support, and handling deliveries. Examples of full-service wholesalers are wholesale merchants and industrial distributors.

Answer:

A. Dr Amortization expense $43,750

Cr Patents $43,750

B. Dr Amortization expense $5,230

Cr Patents $5,230

C. Dr Amortization expense $14,000

Cr Franchises $14,000

Explanation:

Journal entry preparations

A. Dr Amortization expense $43,750

($350,000÷8 years = $43,750)

Cr Patents $43,750

(Recording amortization for the patent)

B. Dr Amortization expense $5,230

($52,300÷10 years = $5,230)

Cr Patents $5,230

(Recording amortization for the patent)

C. Dr Amortization expense $14,000

($70,000÷5 years = $14,000)

Cr Franchises $14,000

(Recording amortization for franchises)

Answer:

Total hours worked = 17,550 hours

Explanation:

Labour hours efficiency variance = labour efficiency variance/standard labour cost per hour

The hourly standard labour cost = $24

= 1,200/24= 50 hours

Labour variance (in hours) = Actual labour hours - Standard hours for actual units produced

The standard labour hours allowed for the production of 875 cranes is:

= 20 × 875 = 17,500 hours

Let the actual hours be "y"

50 = y - 17500

y = 50 + 17500

y= 17,550 hours

Total hours worked = 17,550 hours

Answer:

The true statements regarding the market are:

1) The cupcakes are priced below their equilibrium level. This is evident as excess demand exists, which wouldn't be the case at the equilibrium price.

3) Customers getting cupcakes are those who value them the most, seen through their willingness to queue before the bakery opens.

4) The bakery does not rely solely on price for distributing cupcakes. Timing plays a role; only those who arrive early get them.

Statements (2) and (4) are incorrect because those conditions only hold true at the equilibrium point.

Answer:

The proper choice is option "B": SWOT's extensive and integrative focus on the external environment.

Explanation:

The SWOT analysis examines both internal and external factors that affect a company's functioning, offering opportunities to leverage strengths or manage risks. Here, internal factors refer to Strengths and Weaknesses, while external factors encompass the Opportunities and Threats faced by the business.

The broad and integrative approach of SWOT towards the external environment is a strength and not a weakness of this framework.