Based on the fact that C&S is a huge business that supplies supermarkets, it is a <u>wholesaler</u>.
<h3>What is a wholesaler?</h3>
A wholesaler is a company/ store that supplies retail outlets with the goods that they then sell to the final consumer.
C&S is a wholesaler because it supplies goods to supermarkets and institutions for them to then sell to the final consumer.
Wholesalers are also not very well known by consumers because they don't sell directly to them.
Find out more on wholesalers at brainly.com/question/7283027.
Answer:they start selling rapidly
Explanation:
because the prices are going to go up and people are trying to get the lowest price they can
Answer:
d. Credit to Unearned Management Fees for $60,000.
Explanation:
In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.
So, in case of advanced received by the customer, the journal entry would be
Cash A/c Dr $60,000
To Unearned Management Fees $60,000
(Being amount received in advance)
The asset account should be debited and the liabilities account should be credited.
Bonds because bonds are fixed return that means if they say you're getting 3% return you are getting that not less than or greater than
Answer:
AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows
VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.
Explanation:
Average Cost is the cost per unit off output.
Problems with AC as a performance measure :
- It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
- It's variance analysis during production & cost phases is very complicated.
- It's result are deviant as evident from cash flows.
Variable Cost is the cost incurred on variable factors of production.
Problems with VC as a performance measure :
- It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
- Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)