The statement above is TRUE,
A product that is difficult to find or one that is carried only by high end retailers will surely be an expensive and a prestige product. In the marketing of such products one will find it easy to advertise such product to customers. And the fact the product is a prestige product can be used to increase its sales and product visibility.
Two forms of business organizations found in the private sector are partnerships and Limited Liability companies or corporations.
<h3>What are partnerships and Limited Liability companies?</h3>
- Partnerships have multiple owners at the same time and these owners divide profits and responsibilities amongst themselves.
- Larger companies may arrange themselves differently to avoid getting sued and face other challenges.
- LLC organize themselves in a way that they prevent having ties with an individual directly. This implies that any responsibility is over the company itself and not any specific person or people. These companies are taxed differently when compared to other kinds of organizations.
- Such a structure makes it difficult to track or chase a single person for any liability.
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Answer:
$226,900
Explanation:
Calculation to determine How much cash was provided by operating activities
Using this formula
Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased
Let plug in the formula
Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500
Operating activities =$226,900
Therefore The Amount of cash that was provided by operating activities is $226,900
Answer:
Johnson will use the data processing system.
Interactive processing is the simplest way to work on a system. You log in, run commands which execute immediately, and log off when you've finished. You can use either the command line or a graphical environment