Answer:
B, from prices in a market system
Explanation:
A market system can be defined as a combination of buyers, sellers and other parties that come together to patronise a product or service.
Buyers and sellers alike can decide what to buy and what not to buy through the prices of goods and services in the market system.
For a seller, if the price of a product is quite costly from the manufacturer, it tells whether the seller would purchase it or not. Likewise, if a buyer approaches a seller for any goods or services, the price of the goods or services determines whether or not the buyer will purchase from the seller.
Cheers
Answer:
developing new competencies
Explanation:
In simple words, globalization promotes the innovation all around the world along with the promotion of its transfer from one economy to another. Due to this, the firms around the globe extend their businesses by setting their own limits. It helps the enhance their operational activities with new market and a new customer base to attract.
1 ABCDEF- Reposition a product 2 ABCDEF- Marketing a product 3 ABCDEF- Scheduling production 4 ABCDEF- Modifying plant and equipment 5 ABCDEF- Raising money and paying debt 6 ABCDEF- Inventing a new product
Answer:
1. Debit Bank $36000, Credit Revenue $36000 ( same entry for all four months)
2. No journal entry require
3. Debit Bank $36000, Credit Revenue $36000 ( same entry for all four months)
4. Debit Bank $12000 , Credit Bonus receivable $12000
Explanation:
As soon Velocity enters into the contract he is obligated to provide the consulting services and since this is a contract for rendering services and payments will be made regardless of Velocity helping to increase sales level or not but Velocity will receive the monthly payments therefore He has earned the Revenue immediately. The conditions do not require Velocity to pay back the monthly payments if Burger Boy sales do not increase so no liability created.
upon entering the contract it was stated that if Velocity increases Sales for Burger Boy then it will receive a bonus of $12000 journal entry
Debit Bonus receivable $12000, Credit Bonus income
If Velocity fails to increase then
Debit contract refund $12000, Credit Refund payable
at the end of the contract Received the bonus
Debit Bank $12000, Credit Bonus receivable $12000