the level of management that is directly responsible for assigning specific tasks to workers and evaluating their daily performance is called
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The level of management that is directly responsible for assigning specific tasks to workers and evaluating their daily performance is called "Supervisory Management."
Supervisory management is also known as first-line management or operational management. It is responsible for the day-to-day activities and operations of a company, such as assigning tasks, monitoring employees, and ensuring that deadlines are met.
Supervisors are responsible for making sure that the work is completed efficiently and effectively, within the guidelines of the company's policies and procedures. They also provide regular feedback to employees on their performance, identifying areas for improvement, and offering support and guidance when necessary.
This level of management is critical to the success of any organization, as it is responsible for overseeing the work of the employees who are directly involved in the production of goods and services.
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Related Questions
A chicken farmer can produce one crate of eggs at a cost of $9. 86, and can sell that crate for $34. 24. If the farmer has a starting overhead cost of $7,312, not including production costs, how many crates must be sold in order to realize a profit of $11,300, to the nearest crate? a. 164 b. 330 c. 463 d. 763.
Answers
Based on the equation used, the number of crates that must be sold in order to realize the profit is 763 crates.
Let the number of crates be represented by x.
Based on the information given, the equation to solve the question will be:
(34.24 × x) - (7312 + 9.86x) = 11300
34.24x - 7312 - 9.86x = 11300
34.24x - 9.86x = 11300 + 7312
24.38x = 18612
x = 18612 / 24.38
x = 763
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Choose a popular franchise, and visit the company's Web site to learn about its franchising policies. List at least three things you learned, such as costs franchisees must pay, or other rules or requirements. (1-3 sentences. 3.0 points) TIP: Popular franchises include McDonalds®, SUBWAY®, Dunkin' Donuts®, Cold Stone Creamery®, 7-Eleven®, Days Inn®, Great Clips®, Molly Maid®, and many more.
Answers
The popular franchise I chose was Wendy's, a nationwide fast-food restaurant that specializes in hamburgers.
I visited the company's website to learn about its franchising policies, and this is what I learned:
Wendy's costs of franchisees are approximate $5 million.The corporation asks the investor to have that sum of money and about $2 million in assets.I also learned that the sum of money that a business franchise of Wendy's can produce $1.5 million in annual sales.To show real interest in acquiring a franchise, the investor has to pay Wendy's a franchise fee of $40,000. There is also a concept called "application fee" that is approximately $5000. This first payment is needed to start conversations formally.There is also a 4% royalty fee that must be paid on a monthly basis.
We conclude that a Business Franchise is the business modality in which the owner of a Franchise sells its concept of operation to an investor.
In the case of Wendy's, the corporation authorizes the use of its trademarks, logos, and slogans and all the "know-how to operate the franchise.
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Answer:
listen to wise one above.
Explanation:
Item Skipped Item 9 When Paul Samuelson switched from physics to economics, Robert Solow is said to have remarked that the average IQ in both disciplines went up. A bystander responded that Solow’s claim must be wrong because it implies that the average IQ for academia as a whole (which is a weighted average of the average IQ levels for each discipline) must also have gone up as a result of the switch, which is clearly impossible. Was the bystander right? Explain
Answers
According to the bystander’s statement, Solow’s claim is incorrect as the average IQ for academia as a whole couldn't have gone up due to Paul Samuelson's switch from physics to economics. It's worth noting that the average IQ level is different in each subject and there isn't any conclusive evidence that the average IQ level in one field is superior to another.
The statement of Robert Solow says that the average IQ level of both the physics and economics disciplines went up when Paul Samuelson switched from physics to economics. According to the bystander’s point of view, the weighted average of each discipline cannot be increased due to the switch, and he is correct.
To better understand why the bystander is correct, let's assume there are only two disciplines in the academia field: physics and economics. According to Solow's statement, both the average IQ levels in physics and economics went up due to Samuelson's switch, which indicates that Samuelson had an IQ higher than the average IQ of economics. Hence, he would have an IQ below the average IQ of physics before he joined.
As a result, when he switched from physics to economics, the average IQ level of economics increased, and that of physics decreased.
However, the weighted average of both the disciplines in academia as a whole couldn't have gone up because the total sum of the IQ levels didn't change due to his move. The sum of the IQ levels of each discipline remains the same even after Samuelson's switch.
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Workers typically get dirty if they work at a job site for
Answers
Answer:
both the Construction and Maintenance pathways.
Explanation:
if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
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Changes in the asset lives and salvage value are changes in accounting
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As a change in an accounting estimate, the anticipated useful life or salvage value of a long-lived asset must be recorded prospectively under ASC 250-10 in the period of the change and subsequent periods.
What is salvage value?The book value of an asset after all depreciation has been fully expensed is known as the salvage value.
An asset's salvage value is determined by what a business anticipates getting in return for selling or dividing it up after its useful life has passed.
For instance, if a company's machinery has a lifespan of five years but only has a worth of $5,000 at the conclusion of that time, the salvage value is $5,000.
A change in a long-lived asset's estimated useful life or salvage value is a change in an accounting estimate and needs to be reported prospectively under ASC 250-10 in the period of change and subsequent periods.
Therefore, as a change in an accounting estimate, the anticipated useful life or salvage value of a long-lived asset must be recorded prospectively under ASC 250-10 in the period of the change and subsequent periods.
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Correct question:
Changes in the asset lives and salvage value changes in accounting _____.
A written contract granting permission to operate
an already existing business.
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Answer:
Explanation:
A written contract granting permission to operate a business to sell products and services in a prescribed way. franchise.
If the economy has just experienced a severe recession, which type of fed policymaker would be more focused on a quick recovery?.
Answers
'If the economy has just experienced a severe recession, Doves fed policymaker would be more focused on a quick recovery.
Politicians conduct politics based mainly on advice from public officials. Officials then implement the policy, whether or not they personally consent to it. Officials are critical to impact planning, as advice to ministers is critical in formulating policy proposals.
Most employers require a college degree, such as a Bachelor of Science degree, to qualify as a policy analyst. master's degree, law degree, or Ph.D. You can pursue a Master of Public Administration, a Master of Public Policy, or a Master of Public Relations.
Finally, while policymakers are responsible for making decisions, they are also responsible for communicating with experts and the public. How individuals respond to advice and the actions they choose to take is just as important as the actions of governments.
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How do I invest and save money?
Answers
Start your investments as soon as you can. Choose your investment amount. Open a brokerage account. Select an investing plan. Know your alternatives for investing.
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use. A gain (profit) or loss realized through the sale of a home or investment, unrealized capital gain (or loss), investment income like dividends, interest, or rental income, or a mix of capital gain and income may all be included in the return. The return may also include foreign exchange profits or losses as a result of shifting exchange rates. Riskier investments typically provide better returns, according to investors. Investments with low risk typically have low returns as well. Similar to high risk, significant losses are possible. Diversifying your portfolio is a common piece of advice for investors, especially newcomers. Statistics show that diversification lowers total risk.
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under the fourth amendment, general searches through a personโs belongings are permissible. t/f
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False. Under the Fourth Amendment of the United States Constitution, general searches through a person's belongings are not permissible.
The Fourth Amendment protects citizens against unreasonable searches and seizures by the government and requires that warrants be issued only upon a showing of probable cause, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
The Fourth Amendment was added to the Constitution in response to British colonial practices of allowing "general warrants" that allowed government officials to search anyone, anywhere, at any time, without any specific suspicion or probable cause. The Fourth Amendment was intended to prevent such abuses of power and to protect the privacy of citizens.
Thus, any search or seizure by the government must be supported by a warrant that describes the specific place to be searched and the specific items to be seized, or must fall under certain limited exceptions, such as searches incident to arrest or searches based on probable cause and exigent circumstances.
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Rollins Company accumulates the following adjustment data at December 31 . (a) Service revenue eamed but unbilled totals $600. (b) Store supplies of $300 are on hand. Supplies account shows $1,900 balance. (c) Utility expenses of $275 are unpaid. (d) Service revenue of $490 collected in advance has been eamed. (e) Salaries of $800 are unpaid. (f) Prepaid insurance totaling $400 has expired. Instructions (a) Prepare journal entries for each of the events above. (b) Indicate the type of adjustment (prepaid expense, uneamed revenue, accrued revenue, or accrued expense). Problem 3. In its first year of Operations Buddy Company earned $28,000 in service revenue, $6,000 of which was on account and still outstanding at year-end. The remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500. Of these expenses $13,000 were paid in cash; $1,500 was still owed on account at year-end. In addition, Buddy prepaid $3,600 for insurance coverage that would not be used until the second year of Operations. Instructions (a) Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting. (b) Which basis of accounting (cash or accrual) provides more useful information for decision makers?
Answers
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
Accrual basis of accounting provides more useful information for decision makers.
Journal entries for the events above are as follows:
(a) Debit: Service Revenue Accounts Receivable $600 Credit: $600
(b) Debit: Supplies Expense Supplies $300 Credit: $300
(c) Debit: Utility Expense Accounts Payable $275 Credit: $275
(d) Debit: Unearned Service Revenue Service Revenue $490 Credit: $490
(e) Debit: Salaries Expense Salaries Payable $800 Credit: $800
(f) Debit: Insurance Expense Prepaid Insurance $400 Credit: $400
The types of adjustments are as follows:
(a) Unearned revenue
(b) Prepaid expense
(c) Accrued expense
(d) Accrued revenue
(e) Accrued expense
(f) Prepaid expense
In its first year of operations, Buddy Company earned $28,000 in service revenue. $6,000 of the revenue was on account and still outstanding at year-end, while the remaining $22,000 was received in cash from customers. The company incurred operating expenses of $14,500, with $13,000 paid in cash and $1,500 still owed on account at year-end. Additionally, Buddy prepaid $3,600 for insurance coverage that would be used in the second year.
(a) The first year's net earnings under the cash basis of accounting is $9,000.
(b) The first year's net earnings under the accrual basis of accounting is $13,500.
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isabella, age 50, pays $500 each month for health insurance premiums with after-tax dollars. she is not self-employed. during 2021, she also incurred $200 in doctor bills and $50 in over-the-counter medications. her agi is $45,000. what amount will she be able to deduct as an itemized deduction after the agi floor is applied
Answers
Personal expenses allowed as itemized deductions include medical expenses, nation and local taxes, interest, charitable gifts, casualty losses, and other itemized deductions.
How do I deduct scientific expenses?In 2022, the IRS allows all taxpayers to deduct their qualified unreimbursed medical care costs that exceed 7.5% of their adjusted gross income. You ought to itemize your deductions on IRS Schedule A in order to deduct your scientific charges rather of taking the popular deduction.
Who is no longer eligible to file using the popular deduction?Certain taxpayers don't seem to be entitled to the widespread deduction: A married character filing as married filing one by one whose spouse itemizes deductions. An person who was a nonresident alien or twin repute alien at some point of the yr (see under for sure exceptions)
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https://brainly.com/question/13757943#SPJ4What will be the end result for the taxpayer who filed his federal income tax return.
Answers
If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.
What is the status of federal filing?
Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.
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On July 31,2024 , Option Landscapes discarded equipment that had a cost of $22,320. Accumulated Depreciation as of December 31,2023 , was $21,000. Assume annual depreciation on the equipment is $1,320. Journalize the partial-year depreciation expense and disposal of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the partial-year depreciation expense.
Answers
To journalize the partial-year depreciation expense and disposal of the equipment, we need to follow these steps.
What are the steps?Step 1: Calculate the partial-year depreciation expense.
To calculate the partial-year depreciation expense, we need to determine the number of months the equipment was used in the year 2024. Since the equipment was discarded on July 31, 2024, it was used for 7 months in that year.
Partial-year depreciation expense = (Annual depreciation / 12) * Number of months used
Partial-year depreciation expense = (1320 / 12) * 7
= $770
Step 2: Journalize the partial-year depreciation expense.
The journal entry for the partial-year depreciation expense will be as follows:
Date | Account Titles and Explanation | Debit | Credit
--------------------------------------------------------
Dec. 31, 2024 | Depreciation Expense | $770 |
| Accumulated Depreciation | | $770
| (To record the partial-year depreciation expense)
We debit Depreciation Expense to recognize the expense incurred for the partial-year depreciation. We credit Accumulated Depreciation to update the accumulated depreciation balance for the equipment.
Step 3: Journalize the disposal of the equipment.
The journal entry for the disposal of the equipment will be as follows:
Date | Account Titles and Explanation | Debit | Credit
--------------------------------------------------------
Jul. 31, 2024 | Accumulated Depreciation | $21,000 |
| Equipment | | $22,320
| Loss on Disposal of Equipment | | ?
| (To record the disposal of the equipment)
What does this entail?
We debit Accumulated Depreciation to remove the accumulated depreciation balance for the equipment. We credit Equipment to remove the cost of the equipment.
Lastly, we need to credit Loss on Disposal of Equipment for the difference between the cost of the equipment and its accumulated depreciation.
Since the cost of the equipment was $22,320 and the accumulated depreciation was $21,000, the loss on disposal will be $1,320.
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should i put this in my writings
Answers
Answer:
omg that would be awesome tbh
Advertisements for hygiene products like toothpaste and soap tend to feature doctors as spokespersons endorsing the products.Consumers perceive these doctors to possess a substantial knowledge on health and hygiene.Which of the following characteristics of the message source is represented by this example?A) ExpertiseB) CongruityC) VisibilityD) AttractivenessE) Simplicity
Answers
Answer: A.) Expertise
Explanation: The endorsement usually offered by doctors during advert placement on products in the hygiene category such as soap, toothpaste and sanitary products is used to denote expertise. Doctors are well known and highly revered in areas of medicine including hygiene and health, there endorsement of such products is much likely to lead to higher approval rate among consumers and thus success of the product than endorsement offered by non-health or hygiene professional such as a banker.
for the economy modeled with the PPF in the picture shown here, what is the opportunity cost of each orange?
Answers
the opportunity cost for the production of each orange is the apple sacrifice.
Opportunity cost is the loss you accept to make a gain or the expense of one profit for another gain.
example of opportunity cost is something as simple as choosing between going to work and skipping work. What are you losing out on if you choose one over the other? Opportunity cost doesn't always need to apply to investments or money; it can also apply to life decisions.
In the given question the opportunity cost for the production of oranges is a sacrifice made in terms of apples
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Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
Answers
Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
primark, a fashion retailer, has found a way to keep its cost structure lower than its rivals by leveraging streamlined logistics, a low marketing budget, and negotiating bargain prices from its suppliers. they are using a(n) strategy. a. differentiation b. overall cost leadership c. focus d. broad differentiation
Answers
Answer:
Explanation:
Primark's strategy is overall cost leadership.
By leveraging streamlined logistics, a low marketing budget, and negotiating bargain prices from its suppliers, Primark is able to keep its costs lower than its rivals. This allows them to offer lower prices to their customers while still making a profit. Overall cost leadership is a strategy where a company focuses on being the low-cost producer in its industry, which can help it gain a competitive advantage.
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The previous balance on your business credit card was $420.87. Then you purchased a new chair for your office that cost $120.63. For the next billing cycle, you paid $380. What is the remaining balance on your business card?
Answers
Answer:
$-79.76
Explanation:
Answer:
$161.50
Explanation:
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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Kyra, a plant supervisor, orders 500 units of Type-2 steel beams for the coming month. In doing so, she has made a(n) ________ decision.
Answers
Kyra, as a plant supervisor, orders 500 units of Type-2 steel beams for the coming month. In doing so, she has made an operational decision.
Operational decisions are made by managers or supervisors to ensure the day-to-day operations of a business or organization run smoothly. They are typically made in response to specific operational needs, such as inventory management or production planning.
Kyra's decision to order 500 units of Type-2 steel beams falls under the category of operational decisions as it pertains to managing the plant's inventory for the upcoming month.
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You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?
Answers
Answer:
658
Explanation:
The primary cost associated with the level production strategy is the cost ofA.holding inventory.B.hiring and firing workers.C.overtime.D.outsourcing (subcontracting)
Answers
Answer:
The primary cost associated with the level production strategy is the cost of
A.holding inventory.
1.In the scenario where the Central Bank creates policies which increase the money supply but the aggregate demand is unchanged, is created by following what type of monetary policy?
An expansionary policy.
A contractionary policy.
A balanced policy.
2.Quantitative easing undertaken after 2008 is different from traditional central bank intervention in that it focused on
purchasing long-term government securities to encourage long-term capital projects and ease mortgage conditions.
purchasing "toxic assets" and restoring credit to the private sector.
raising private bank’s revenues and therefore encouraging investment.
Answers
An expansionary policy. In this scenario, the Central Bank is increasing the money supply, which is a characteristic of expansionary monetary policy.
The purpose of expansionary policy is to stimulate economic growth by encouraging spending and investment through lower interest rates and increased liquidity in the economy. However, if the aggregate demand remains unchanged, it suggests that the increased money supply is not translating into increased spending or investment by consumers and businesses. Quantitative easing undertaken after 2008 focused on purchasing "toxic assets" and restoring credit to the private sector.
Unlike traditional central bank intervention, which primarily involves adjusting interest rates, quantitative easing (QE) implemented after the 2008 financial crisis involved the central bank purchasing "toxic assets" from financial institutions. These assets included mortgage-backed securities and other troubled assets. The goal was to provide liquidity to financial institutions, restore confidence in the banking system, and ease credit conditions for businesses and consumers. By purchasing these assets, the central bank aimed to stimulate lending, stabilize financial markets, and encourage economic recovery.
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Why is market management one of the most important factors for successful business
Answers
Market management is an essential part of running a successful business for a few reasons. First, it helps a business understand its target market and the needs and preferences of its customers. This information is crucial for developing products and services that will be in demand and generate revenue.
Second, effective market management can help a business differentiate itself from its competitors. By understanding the market and its competitors, a business can develop unique products and marketing strategies that will help it stand out and gain a competitive advantage.
Third, market management can also help a business anticipate and respond to changes in the market. This can be especially important in today's fast-paced and ever-changing business environment. By staying on top of market trends and customer needs, a business can adapt and evolve to remain competitive.
Overall, market management is an important factor for successful business because it helps a business understand its customers, differentiate itself from competitors, and respond to market changes.
Which aspect of writing business reports relates to the component of credibility known as competence?.
Answers
Providing facts that help decision makers' aspect of writing business reports relates to the component of credibility known as competence.
Competence is the capacity to perform an action successfully. You have the ability to complete a task or job successfully. The knowledge and abilities required to solve a quadratic equation are examples of competence. Alternately, it could include the considerably more extensive and varied sets of talents required to run a multinational organization.
The objective and subjective aspects of a source's or message's plausibility are included in credibility. The concept of "Ethos" is concerned with the speaker's persona.
Trustworthiness and expertise, which both have objective and subjective components, are the two main components of credibility. Although established reliability is an objective criterion, trustworthiness is primarily based on subjective criteria.
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The following financials were identified in operating a wind energy system:
• Capital cost of equipment and installation - $75,000
• Monthly service and maintenance cost - $400 per month
• Expected lifetime of the system - 20 years
• Income through energy generation - $16,000 per year a)
Calculate the total anticipated cost of the system for 20 years.
b) What is the net profit (if any) in this installation if it is operated for 20 years? Assume that there is no scarp value of the installation after 20 years.
c) What is the payback period for this installation? d) If the investor requires a payment equivalent to 8% of the capital at the end of each year for 20 years, how does the net profit of the project change? Show your calculations.
Answers
a) The total anticipated cost of the system for 20 years is $171,000.
b) The net profit in this installation, after operating for 20 years, is $149,000.
c) The payback period for this installation is approximately 4.69 years.
d) The net profit of the project changes to $29,000 with annual payments to the investor.
a) To calculate the total anticipated cost of the system for 20 years, we need to consider the capital cost, service and maintenance cost, and the expected lifetime of the system.
Total cost of the system = Capital cost + (Monthly service and maintenance cost * Number of months)
Given:
Capital cost = $75,000
Monthly service and maintenance cost = $400
Expected lifetime of the system = 20 years
Number of months = Number of years * 12 (since there are 12 months in a year)
Number of months = 20 * 12 = 240 months
Total cost of the system = 0 * 240)
Total cost of the system = $75,000 + $96,000
Total cost of the system = $171,000
Therefore, the total anticipated cost of the system for 20 years is $171,000.
b) To calculate the net profit of the installation, we need to consider the income from energy generation and the total cost of the system.
Net profit = Income - Total cost of the system
Given:
Income through energy generation = $16,000 per year
Net profit = ($16,000 * 20) - $171,000
Net profit = $320,000 - $171,000
Net profit = $149,000
Therefore, the net profit in this installation, after operating for 20 years, is $149,000.
c) The payback period is the time required for the project to recover its initial investment. It can be calculated by dividing the initial investment by the annual net cash flow.
Payback period = Initial investment / Annual net cash flow
Given:
Initial investment = $75,000
Annual net cash flow = Income through energy generation
Payback period = $75,000 / $16,000
Payback period ≈ 4.69 years
Therefore, the payback period for this installation is approximately 4.69 years.
d) If the investor requires a payment equivalent to 8% of the capital at the end of each year for 20 years, it would affect the net profit of the project.
Annual payment to the investor = 8% of the capital
Annual payment to the investor = 0.08 * $75,000
Annual payment to the investor = $6,000
Net profit (with annual payments to the investor) = Net profit (without annual payments) - Annual payments to the investor
Net profit (with annual payments) = $149,000 - ($6,000 * 20)
Net profit (with annual payments) = $149,000 - $120,000
Net profit (with annual payments) = $29,000
Therefore, with the annual payments to the investor, the net profit of the project changes to $29,000.
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A wholesale business offers a trade discount of 35 percent on a list price of $7,200. at what amount should the wholesale business record the sale?
Answers
The wholesale business should record the sale at $4,680. To find the amount the wholesale business should record the sale, we need to calculate the trade discount amount.
Step 1: Convert the trade discount percentage to a decimal by dividing it by 100. In this case, 35 percent is equal to 0.35.
Step 2: Multiply the list price by the trade discount decimal to find the trade discount amount. In this case, $7,200 multiplied by 0.35 equals $2,520.
Step 3: Subtract the trade discount amount from the list price to find the recorded sale amount. In this case, $7,200 minus $2,520 equals $4,680.
Therefore, the wholesale business should record the sale at $4,680.
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