Modern technology is simply an advancement of old technology, the impact of technology in modern life is unmeasurable, we use technology in different ways and sometimes the way we implement various technologies ends up harming our lives or the society we leave in.
Answer:
Ethnocentric
Explanation:
Ethnocentric pricing strategy requires for the price of a specific merchandise to be similar all over the world. When this method is practised by an organization, it renounces some prospects to set higher prices in nations where an inferior pricing is required.
Answer:
The journal entries are as follows:
(i) On January 1, 2021
Delivery Truck A/c Dr. $10,000
To 6% loan note payable $10,000
(To record the issuance of note payable)
(ii) On January 31, 2021
6% loan note payable A/c Dr. $254.22
Interest expense A/c Dr. $50
To cash $304.22
(To record the first month payment)
Workings:
Interest expense = $10,000 × 6% × (1/12)
= $50
Answer:
Staples used to bind magazines
Direct materials
Wages of printing machine employees
Direct Labor
Maintenance on printing machines
Factory Overhead
Paper used in the magazine
Direct Materials
Explanation:
The given answers above are correctly grouped based on Direct Materials, Factory Overhead, and Direct Labor.