All categories

16 days ago

Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware

of each concept.
When a returning customer visits Amazon.com’s website, they will see suggested purchases based on what the customer previously bought or searched for on Amazon’s website. This is an example of _______________, which allows Amazon to personalize the customer experience as well as collect and manage large amounts of customer data.

Business

You might be interested in

A company is offering to pay a stadium for naming rights. If the administrative costs for this sponsorship are $78,000, and thes

marusya05 [3725]

Answer:

The company’s offer for the rights to name the stadium amounts to $71,760.

Explanation:

The sponsorship’s total administrative cost is $78,000, which constitutes 8% of the revenue generated from the naming rights. Hence,

= Revenue × Percentage

= $78,000 × 8%

= $6,240

To find the amount proposed for the naming rights, we subtract the revenue-related expense from the total cost:

= $78,000 - $6,240

= $71,760

6 0

4 months ago

Metro Company trades its used machine for a new model at Denver Solutions Inc.

Free_Kalibri [3773]

Answer:

Cost of the new machine:

= Price of new machine - Trade allowance + Market value of old machine

= $16,000 - $9,000 + $6,000

= $13,000

Consequently, the journal entry would be recorded as follows:

New Machine Cost A/c Dr. $13,000

Accumulated Depreciation (Book Value) A/c Dr. $4,000

Loss from machine exchange A/c Dr. $2,000

To Old Machine (Book Value) $12,000

To Cash (16,000 - 9,000) $7,000

(To document the equipment exchange)

4 0

2 months ago

Taylor Industries had a fire and some of its accounting records were destroyed. Available information is presented below for the

Scilla [3833]

Answer:

Materials inventory on December 1 recorded at $9,900

Direct Labor recorded at $40,040

Factory Overhead noted at $60,060

Cost of goods sold was $117,000

Explanation:

Materials inventory on December 1 equals $9,900

Direct materials acquired total 28,000

Materials inventory by December 31 amounts to $15,000

Direct materials utilized is 22,900

Direct Labor summed to $40,040

Factory Overhead totaled $60,060

Conversion Costs total $100,100

Overall Manufacturing Costs amounted to $123,000

Work in process inventory has risen by $12,000

Cost of goods manufactured is reported at $135,000

Finished goods inventory has decreased by $18,000 over the year

Cost of goods sold is $117,000

Calculating

Conversion costs are calculated as = Direct Labor + Factory Overhead

100,100 = 100 % + 150%

100,100= 100x + 150x

100,100= 250 x

x= 100,100/250

x= 400.4

Direct Labor = 100% * 400.4= $ 40,040

Factory Overhead = 150% * 400.4= $ 60,060

8 0

2 months ago