A return of merchandise would be recorded by the seller as a
a. debit to Sales Returns and Allowances.
b. debit to Accounts Receivable.
c. debit to Cash.
d. credit to Purchases Returns and Allowances.
a
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ETutor is an online tutoring service provider that is particularly popular with college students. The company is interested in estimating the fixed and variable components of its tutoring services costs. The manager believes that these costs are driven by the number of hours of tutoring services provided. The following information was gathered for the last six months of business:MonthNumber of Hours Tutoring costsJanuary 25,000 $308,000 February 41,000 420,000 March 29,000 352,000 April 31,000 373,000 May 34,000 378,000 June 18,000 252,000 Required: 1) Compute the average tutoring cost per hour for the six-month period. (Round the average tutoring cost per hour to two decimal points.)2) Use the high-low method to estimate the total fixed cost
and the variable cost per hour. (Round the variable cost per hour to two decimal points.)3) Name one advantage and one disadvantage of the high-low method. 4) Describe the scattergraph method that can be used to analyze mixed costs. What will be an ideal response?
What is the product life cycle? Describe the conditions that products encounter at each stage of the cycle. How can a product life cycle be expanded?
What will be an ideal response?
What is the cumulative probability of selling 4 tires?
Tires Sold Probability 0 .1 1 .2 2 .15 3 .3 4 .25 A) 1 B) .5 C) 10 D) .2 E) .25
Which of the following products in a supermarket is most likely to be an impulse product?
A. child's toy B. shampoo C. oranges D. bread E. frozen peas