Answer:
C : debit to Service Charge Expense of $20
Explanation:
The complete journal entry used to record this transaction would be:
March 17, 202x, sales revenue
Dr Cash 980 (assuming the transaction is processed automatically)
Dr Service charge (or Credit card) expense 20
Cr Sales revenue 1,000
Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.
Answer: Cross docking
Explanation:
The cross docking is one of the logistics procedure in which the various types of goods and the services are directly distributed from supplier to the consumers.
The main aim of the cross docking process is that it helps in increase the efficiency in the supply chain and it is used for handling the inventory system.
It is the process in which the the shipment are received, repacking of the shipments and then it is supply to the customers by the distribution center.
Therefore, Cross docking is the correct answer.
Answer:
D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations
Explanation:
Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.
Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets
Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.
Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.
- Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
- Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.
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Answer:
The correct answer is A
Explanation:
Entrepreneurial firms are those firms or the companies which bring or introduce the new services and the products to the market through creating or establishing and seizing the opportunities. The example of the same are Apple, Google and eBay.
So, the one way or the method through which the entrepreneurial firms could internationalize bystaying in the domestic markets, it is done through the harvest and the exit to sell off to the foreign entrants or new competitor.
You can <u>B. Say no</u> because informal gatherings are strictly prohibited.
<h3>What are informal gatherings?</h3>
Informal gatherings are social events held for social purposes.
Informal gatherings are not allowed for business discussions and should be rejected when offered for business purposes.
<h3>Question Completion with Answer Options:</h3>
A Decline the invitation because business matters must not be discussed with Outside Business Associates.
B Say no because informal gatherings are strictly prohibited.
C Say yes because you have never attended a business meal with the Outside Business Associate.
Thus, you can <u>B. Say no</u> because informal gatherings are strictly prohibited.
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