Answer:
B) unsought goods
Explanation:
The selling concept -
The concept of selling tells that the consumers will not buy enough any product of any firm unless and until it undergoes some large - scale selling and promotional efforts .
This concept is used for unsought goods , the goods those which the buyers do not normally think of buying , example insurance .
Using the allowance method, is bad debt expense recognized in the period in which sales related to the uncollectible account are made.
One of the most typical types of bad debt is credit card debt. Lenders issue credit cards, which let you make purchases on credit. These credit cards frequently have exorbitant interest rates that can soon become out of control.
Bad debt costs are typically listed on the income statement as a sales and general administrative expenditure. Accounts receivable on the balance sheet are reduced when bad debts are recognized, but firms still have the right to collect money if the situation changes.
Learn more about bad debts here
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Answer:
See explanation section
Explanation:
The five activities of the operating cycle of a merchandiser with credit sales include the following activities. The arranging activities after merchandise acquisition are as follows:
D. Purchase merchandise; → A. Prepare merchandise for sale; → C. Make credit sales to customers; → E. Monitor and service accounts receivable; → D. Collect cash from customers on account.
Answer:
B) To maximize profit, firms should produce at a level of output where price equals average variable cost
Explanation:
Firms maximize their profit by equating Marginal revenue with The Marginal cost. So, since for perfectly competitive firms, the price equals the Marginal revenue, for these firms profit is maximized by equating Price with Marginal cost not the average variable cost.
Answer:
B. organizing
Explanation:
Organizing comes after the planning stage. It involves identifying tasks, grouping the tasks, assigning those tasks to individuals, and allocating resources to different units in the organization. In other words, organizing entails coordinating the finance, physical, and human resources of a company to achieve the planned results.
The organizing function is tasked with synchronizing the assets of a company for effective and efficient execution of its plans. Jane is sourcing for human resources that will assist the company in implementing its plans for summer and spring. She is organizing how tasks will be carried out in summer and spring.
