The B2B market consists of individuals and organizations that want goods and services in order to produce goods and services or to sell, rent, or supply those goods to others.
<h3>What is B2B marketing?</h3>
B2B marketing can be regarded as business-to-business marketing which is a kind of marketing used to focus on other business.
It involves focusing on the process of selling a product or service to a business as well as the affairs of that other business.
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Answer:
a. Michael’s personal assets are not recorded on the Apartment Exchange’s balance sheet. ECONOMIC ENTITY PRINCIPLE, the owner's personal assets are not part of his business assets and therefore should be reported separately.
b. The Apartment Exchange records furniture at its cost of $9,000, not its market value of $13,000. HISTORIC COST PRINCIPLE, assets must be recorded at their purchase price.
c. The Apartment Exchange reports its financial statements in U.S. dollars. MONETARY UNIT PRINCIPLE, businesses must record their transactions in a unit of currency (US dollar).
d. Michael expects the Apartment Exchange to remain in operation for the foreseeable future. GOING CONCERN PRINCIPLE, the business will remain in operation for the foreseeable future.
Answer:No, ACE cannot repossess the sailboat purchased by Wally.
Explanation:
Marina Inc. is a firm that sell and services sailboat in it's ordinary course of business, in the same vein ACE financing it's inventory is in line with normal course of business.
ACE cannot repossessed the sailboat from Waliy because selling sailboat it's Marina ordinary course of business.
ACE also knew before signing the inventory financing contract that Waliy will sell the inventory to third parties.
Answer:
The liability of John is $50.
Explanation:
When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.
Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.
The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.
Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.
