Answer:
C. Straight rebuy
Explanation:
Straight rebuy involves buying or reordering supplies and commodities on a routine basis from a supplier or seller who's on an approved list. It involves class customer making a purchase of thesame commodity at the same amount from the same supplier. In this case, the local fast food is the customer making the straight rebuy and Pepsi is the supplier on the approved list of the fast food.
Straight rebuy comes as a result of the decision for customers to buy exactly the same product as the last time at thesame quantity from thesame supplier.
Answer:
The amount of Bad Debts Expense should be recorded when the year-end adjusting entry is prepared is $4,788
Explanation:
As the company use Percentage of sales method for estimating bad debt, the Bad Debt expenses for the year will not be dependent on the Opening balance of Allowance for Uncollectible Accounts, instead, it is recorded at the amount of Net Credit Sales x Percentage of uncollectible from Credit Sales.
Thus, we have bad debt expenses for the period is Net of Credit Sales x Percentage of uncollectible from Credit Sales = 798,000 x 0.6% = $4,788.
The detailed adjusting entry for Bad Debt Expenses at year-end is:
Dr Bad Debt Expense 4,788
Cr Allowance for uncollectible accounts 4,788
Answer:
The correct answer is (e)
Explanation:
Digital currency, such as bitcoin is out of government’s control. Similarly, the market decides their price and that makes them unpredictable. Likewise, the digital money has various problems that make them different and hard to trust on, such as, they can’t be used as means of payment, the unit of account, store of value and standard value. Because fiat money is equipped with all those advantages, which is why people doubt that current forms of digital will replace traditional money.
In a month the month of February, their first renewal cycle begins again
This is further explained below.
<h3>What is the renewal cycle?</h3>
In most cases, the execution of any given strategy will inevitably waste some of the available time.
Both the free and premium plans will become invalid one month and one year, respectively, following the most recent renewal of either one of them.
These stretches of time are referred to as "renewal cycles" quite frequently in common parlance.
An example of a renewal cycle we witness in our day to day life, one that is a perfect example of the image we are trying to portray is the monthly subscription of the Dstv cable or Tv show provider subscription. which allows us to have uninterrupted access to our favourite s
To summarize, the first cycle of their rejuvenation begins once more in the month of February.
Read more about the renewal cycle
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Answer: Per capita GDP of a country is the total quantity of goods produced divided by the number of citizens.
Explanation:
GDP represent the wealth of a country in a given period. A way to see this wealth is the total amount of goods produced.
The GDP is an economic indicator that reflects the relationship between the income level of a country and its population.
I hope the answer has served you!
Regards,
Brian