Answer:
The correct answer is option B.
Explanation:
The unearned rent revenue will be reported as a current liability. The reason behind this is that unearned revenue is prepaid revenue or advance payments for goods or services that the firm has to provide in the future.
Unearned revenue is a liability because the goods or services are yet to be provided and there is a chance that the order might get canceled, or seller might not be able to provide to them.
Answer: A. The firm entering into a turnkey project with a foreign enterprise, inadvertently creating a competitor.
Explanation:
A TurnKey project is one where the constructor initiates and completes the entire project. That means they handle the design, the construction, the furnishing and etc so that they can give the project to the buyer in working condition.
By getting into such Projects with firms in Gulf states, Western firms created competitors because they essentially sold their competitive advantage away as well. Now those firms are just as proficient in producing as they are thus giving them competition.
You receive a tax refund from the IRS if your tax liability is less than the tax you paid for a fiscal year. This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits
Answer:
I believe the answer is B
Answer:
C. Personal selling
Explanation:
In personal selling, a sales representative engages the customer on a one-one conversation in an attempt to persuade them to buy a product or service. The sales person makes us of his or her skill, experience, and abilities to convince the buy the goods or services. Personal selling is also known as face-face selling.
Personal selling requires a sale representative to have good interpersonal skills. The salesperson will point out at the salient features and benefits in a bid to convince the customer that the product will add value to them. The customers seek as much information as they desire and gets the opportunity to negotiate for better prices.
