Answer:
The correct answer is B. using technology to stay responsive to customer needs.
Explanation:
The use of technologies in companies is increasingly common in order to achieve an improvement in operation. This strategy allows having up-to-date information about any organizational area, as well as sales behavior in order to make investment decisions that allow the correct use of resources and the generation of profits. What is shown in the statement is that World Spice Market relies 100% on technology in order to determine the sales process, starting from the display case to the sale to the buyer.
Answer:
The correct answer is ii. The unemployment rate will rise in the short run but return to the natural rate of unemployment in the long run, and real GDP will drop below potential GDP in the short run but return to potential GDP in the long run.
Explanation:
The economic recession occurs when there is a decrease in economic activity within a specific country. If shock actions are not taken, the most likely thing that happens is that companies stop hiring staff because they will require much less labor. This situation is explained in Okun's law, which mathematically demonstrates the relationship between the unemployment rate and economic growth.
Answer:
A. the lower of cost or market
Explanation:
- Regardless of the inventory cost the flow assumption that that is used to show the invention of the balance sheets is stated in the lower order of the cost to the market and that the cost on an inventory item changes form the time it's acquired or sold.
Answer:
-1 to +1
Explanation:
The correlation coefficient range is from -1 to +1.
-1 shows that there is perfect negative correlation.
+1 shows that there is perfect positive correlation.
0 shows there is no correlation.
Positive correlation shows that with the increase of let's say X, there would also be increase of Y. They would positively move together
Negative correlation shows that two variable move in opposite direction.
Answer:
The entries is as followed:
February 2 2018
Dr Account Receivable 500
Cr Allowance for doubtful account 500
(to reverse receivable written-off)
Dr Cash 500
Cr Account Receivable 500
(to record cash collection from receivable)
Explanation:
As the company apply the allowance method, we apply the following steps to record collection of receivable which has already written-off:
+ First, we reverse the written-off accounting entry which had been made before with the amount of $500 ( Written-off entry: Dr Allowance for doubtful debt - Cr Account Receivable; Reverse entry as shown in the answer part);
+ Second, we record the collection of receivable by Dr Cash (increase) and Cr account receivable (decrease).