Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.
Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.
Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high. Also, when substitute of a product is available in the market, the buyer power increases.
Hence, most prevailing switching costs are monetary in nature.
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Answer: d. Merchandise Inventory is credited
Explanation: merchandise Inventory is a current asset showing the cost of goods on hand and available for sale at any given moment in time and is continuously updated to reflect items on hand under the perpetual inventory system. Under the perpetual inventory system, the Merchandise Inventory account is debited and credited for each purchase and sale respectively. This effectively shows the current balance in the account at all time. However, during shortages, the Merchandise Inventory is credited.
Answer:
Improved education is the key to economic development.
Explanation:
What is development without education, then we will just go back to the Savage civilization, education is fundamental in our professional and personal life, it deals with everything. Like industrialization, cooking, economic development and everything else. So for sustainable development for a developed or developing country one needs education to become skilled and help in the development of ones country
Answer:
summarizing
Explanation: just did it.
The missing amounts on the company's financial statements include the current asset of $880000, quick asset is $400000 and an inventory of $480000.
<h3>How to calculate the asset?</h3>
Based on the information given, it should be noted that the current assets will be:
= Current liability × Current ratio
= $320000 × 2.75
= $880000
The quick assets will be:
= $320000 × 1.25
= $400000
The inventory will be:
= $880000 - $400000
= $480000
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