Actual means the real selling price for the product paid by the customer whereas proposed selling price is the price which was suggested to be set for the product.
Answer: Option B, D , E
Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.
So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.
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B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.
D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.
E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.
Answer:
The correct answer is D
Explanation:
Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.
In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.
Answer:
small company stocks are less safe and liquid and is more exposed to inflation
Explanation:
From the period of 1926 to 2010, the small company stock had the highest average return of securities as compared to the company stocks of large company. Some of the reasons for the highest return on average of a small company stock than the small company stock are :
1. The small company stocks are less safe.
2. The small company stocks are less liquid.
3.They are more exposed to the inflation.
Answer:
Warranty liability $2,128
Explanation:
680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability
6 phones were repaired during the year x $76 = $456
remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128
total outstanding warranty liability = $2,128
Since phone warranties last less than a year, the full amount should be recorded under current liabilities.
