Indicate whether RS’s act is unethical or not with reasons.

Question

Musk Jewellers wants to apply a markup of 35% based on the selling price for a gold bracelet. If the store paid $4,160.00 for the bracelet, how much should it be sold for to achieve the desired markup? a. $6,400.00 b.$5,600.00 c. $4,800.00 d. $3,120.00

Answer 1

Question

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

2.

To determine

Indicate the action of the sales manager.

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

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Musk Jewellers wants to apply a markup of 35% based on the selling price for a gold bracelet. If the store paid $4,160.00 for the bracelet, how much should it be sold for to achieve the desired markup? a. $6,400.00 b.$5,600.00 c. $4,800.00 d. $3,120.00

Havenwood Industries provides the following information for the year: Description Sales Revenue Amount $400,000 Accounts Receivable $300,000 Ending Inventory $250,000 Cost of Goods Sold $220,000 Sales Returns $60,000 Sales Discounts $30,000 What is Havenwood Industries' gross profit? a. $210.000 b. $90,000 c. $120,000 d. $150,000

Compute the predetermined overhead rate

Answer 2

Question

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

2.

To determine

Indicate the action of the sales manager.

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

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Answer 3

Question

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

2.

To determine

Indicate the action of the sales manager.

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

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Answer 4

Question

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

2.

To determine

Indicate the action of the sales manager.

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

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Answer 5

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

2.

To determine

Indicate the action of the sales manager.

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

Answer 6

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

Answer 7

Chapter 10, Problem 1EC

1.

To determine

Indicate whether RS’s act is unethical or not with reasons.

Answer 8

2.

To determine

Indicate the action of the sales manager.

Answer 9

2.

To determine

Indicate the action of the sales manager.

Answer 10

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

Answer 11

3.

To determine

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

Answer 12

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

Answer 13

4.

To determine

Indicate some ways to prevent the situation like the one that occurred in the given case.

Answer 14

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Answer 15

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Answer 25

Ch. 10 - Prob. 1TF Ch. 10 - All sales, for cash or on credit, can be recorded...Ch. 10 - Sales Tax Payable is a liability account that is...Ch. 10 - Prob. 4TF Ch. 10 - Prob. 5TF Ch. 10 - A credit sale of 250 plus a 6% sales tax would...Ch. 10 - When 25 of merchandise is returned for a credit on...Ch. 10 - Prob. 3MC Ch. 10 - Prob. 4MC Ch. 10 - Prob. 5MC

Indicate whether RS’s act is unethical or not with reasons.

Concept explainers

Indicate whether RS’s act is unethical or not with reasons.

Indicate the action of the sales manager.

Draft a memorandum to RS, the sales manager, explaining the reasons for the credit policy of the company.

Indicate some ways to prevent the situation like the one that occurred in the given case.

Chapter 10 Solutions