According to follett, in a compromise neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too. Through its subsidiaries, the Westchester, Illinois-based Follett Corporation offers a range of educational products to schools, colleges, and public libraries.
The Charles M. Barnes established a secondhand bookshop in his Wheaton, Illinois, home in 1873, and that is how Follett Corporation was born. Three years later, Barnes relocated his company to Chicago and changed its name to C. M. Barnes & Company before setting up shop at 23 the LaSalle Street.
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Answer: The correct answer is "standard production items".
Explanation: Items for which prices are comparatively stable and likely to be quoted on a list-price-less-discounts basis are called: <u>standard production items.</u>
<u>These standard production items are those that are obtained from countless sources in an easy way, generally the prices of these items are obtained from online catalogs and although prices may vary it is rare since they are quite moderate.</u>
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The U.S. fiduciary monetary system is one where money is not convertible to a valuable commodity such as gold.
Option a
<u>Explanation:
</u>
In fiduciary monetary system, the money is issued by the government and the value of the money depends uniquely on faith of the public that the currency represents command over services and goods. The word fiducia is from Latin and it means trust or confidence.
Fiduciary money includes demand deposits of banks namely checking accounts. Fiduciary money is accepted depending on the trust its issuer commands.
The fiduciary currency is supplied in the economy by Fed. Fiduciary money can be classified into two categories namely,
- Paper money - Includes all the banknotes
- Divisional currency - Includes all the coins
Answer: False
Explanation:
Price discrimination refers to offering the same goods or services to people at a different price and it is illegal. By offering discounts to larger stores and not smaller stores, you would be practising price discrimination.
There are ways you could offer less prices to smaller stores such as through Volume discounts. This means that the more the stores purchase, the more discount they get. The larger stores buy more of the salsa and so for every additional batch purchased you could discount an extra 1%.
With the smaller stores unable to buy such large quantities they would not qualify for discounts.
Answer: See attachment
Explanation:
The adjusting journal entries for the transactions has been attached. It should be noted that for (a), there was a debit of supplies expense by $400 which was calculated as:
= $500 - $100
= $400
For (d),the accounting revenue of $1000 was gotten as:
= 1/2 × $2000
= $1000
