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motikmotik
3 years ago
5

Marketers selling milk, bread, and other consumer staples know most customers do not spend much time searching or comparing alte

rnatives. for most consumers, these are _____________ goods.
Business
1 answer:
ivanzaharov [21]3 years ago
5 0
<span>The answer is convenience.</span>
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Purchasing, sales, and merchandising are all related careers. What do they have<br> in common?
podryga [215]

Explanation:

They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.

7 0
3 years ago
Read 2 more answers
The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Calvin, Inc., a leadi
solong [7]

Answer:

ASSETS

<u>NON -CURRENT ASSETS</u>

Buildings and improvements                              195

Land and improvements                                       15

Other intangibles                                              1,359

Machinery, equipment, and software                418

Tools, dies, and molds                                          71

Accumulated depreciation                               (417)

Goodwill                                                              469

Accumulated amortization (other intangibles) (819)

TOTAL NON -CURRENT ASSETS                    1,291

<u>CURRENT ASSETS</u>

Inventories 300

Prepaid expenses and other current assets   165

Allowance for doubtful accounts                     (39)

Accounts receivable                                          641

Other noncurrent assets                                   210

Cash and cash equivalents                              636

TOTAL CURRENT ASSETS                             1,613

TOTAL ASSETS                                             2,904

Explanation:

Non-current assets are assets of a long term nature ,exceeding period of 12 months.

Current assets are assets of a short term nature, not exceeding a period of 12 months.

8 0
3 years ago
Guys please suggest a new business service or product. Remember, it's new and does not exist. Thanks
vekshin1
A new product could be something like a track on a table for special occations where you have a really long table and things need to be passed back and forth.  you put the plate or dish on the track and press the button for it to be slowly moved down the table and stop it whenever it gets to the next person who whats it.  This prevents hot and heavy plates having to be passed infront of people of over people etc.
5 0
3 years ago
Read 2 more answers
Tamarisk, Inc. sells merchandise on account for $2600 to Morton Company with credit terms of 2/7, n/30. Morton Company returns $
allsm [11]

Answer:

cash                1,470

sales discount    30

return goods   1,100

    sales revenue     2,600

to record payment received from Morton Company

Explanation:

on sale:

account receivable   2,600

         sales revenue               2,600

we analize the commercial terms:

2/7 within the first 7 days, paying the invoice generates a 2% discounts

n/30 after that, until 30 days pays the nominal amount

balance at payment date:

sales for                2,600

returned goods:   (1,100)

  balance              1,500

discount 1,500 x 2% = 30

journal entry:

cash                1,470 (1,500 nominal - 30 discount)

sales discount    30

return goods   1,100

    sales revenue     2,600

7 0
3 years ago
On December​ 15, 2019, a company receives an order from a customer for services to be performed on December​ 28, 2019. Due to a
olganol [36]

Answer:

The revenue principle requires the revenue to be recorded by the company on January 3, 2020.

Explanation:

Revenue recognition principle states that income is recorded when it is earned irrespective of when the cash is received.

Earning of Income neither means receiving of order as on  December 15, 2019 nor commitment of completing the order as on December 28, 2019.  

The customer pays for the services on January 6, 2020. This date will not be considered as the date of income earning.

Date of Income earning is when the services are rendered that is on January 3, 2020.

4 0
3 years ago
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