Answer: Reveals how many times a company sells its merchandise inventory during a period.
Explanation:
The Inventory Turnover Ratio is used to measure how often a company is able to sell off all its inventory within a single period. The higher this is, the better because it means that the company has a high sales rate and is incurring low storage costs since the inventory does not stay with them for long.
It is important to use this ratio relative to the type of industry it is being applied to however. For instance, a car dealership would be expected to have a lower inventory turnover ratio than a grocery store so comparing them using this ratio would be inaccurate.
Answer:
b. Debit cash and d. Credit note payable
Explanation:
On borrowing from the bank, the entries to be posted by Pluto Inc. will be;
Debit Bank/Cash account $3000
Credit Credit note payable $3000
The credit represents the liability which is the obligation to payback the loan at a future date.
The right options are; b. Debit cash and d. Credit note payable.
manufacturers, wholesalers, outlets and authorities agencies that buy items and offerings for their own use or for resale.
<h3>Are the crew of clients that include producers wholesalers shops and other organizations?</h3>
Organizational market is some other name; the crew of customers that consist of manufacturers, wholesalers, retailers, and different organizations.
<h3>When producers wholesalers retailers and government businesses purchase items and services they are regarded as?</h3>
1. Organizational buyers are?
Organizational consumers are these manufacturers, wholesalers, retailers, service companies, not-for-profit organizations, and authorities agencies that buy merchandise and offerings for their own use or for resale.
Learn more about government agencies here:
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Based on the information given this type of purchase is classified as a: C. straight rebuy.
<h3>What is straight rebuy?</h3>
Straight rebuy can be defined as the way in which a company or an organization rebuys a product from the same suppliers on a continuous basis or routine basis.
Some companies tend to often re-orders a product from the same supplier or list of supplier they have at hand without having to change to another supplier.
Inconclusion this type of purchase is classified as a: C. straight rebuy.
Learn more about straight rebuy here:brainly.com/question/8530057
Answer:
a. Ada defaults on the note.
Explanation:
An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.
The parties entering into a contractual agreement are obligated to terminate an agency relationship by placing into the agreement a time period specifying the termination. Thus, when that time elapses or expires, the agency between the parties involved ends. Furthermore, the parties involved may specify the particular purpose for which the agency is established. Once that purpose is achieved, the agency is terminated or ends.
This ultimately implies that, the legal entity or secondary liability (trustee or licensee) would be held responsible for the losses, legal claims and damages incurred by its partner in an agency, whether or not the agent's actions were authorized or unauthorized by the principal.
In this scenario, Ada is the maker of a note, on which Bart is secondarily liable. Also, the current holder of the note is Credit Instruments Company.
Since Bart is secondarily liable to Ada, it will be obligated to pay for any of the notes if Ada defaults on the them.
Hence, a trustee is liable for acts or contracts entered into by an agent when he or she gives an agent either actual authority (power of attorney) or apparent authority.
