Answer:
c) Broker Factor.
Explanation:
A broker factor is an agent that sells goods that are from someone else for a comission and this person takes possession of the products that is selling. Also, a broker factor can make a sell in his/her name and has authorization to receive the money from the sale. Because of this, Mike's relationship with K&M is that of a broker factor.
Answer:
0.25 or 25%
Explanation:
The computation of the gross profit rate is shown below:
Gross profit rate = Gross profit ÷ Net sales revenue
where,
Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts
= $2,000,000 - $250,000 - $50,000
= $1,700,000
And, the Cost of goods sold is $1,275,000
So, the gross profit is
= $1,700,000 - $1,275,000
= $425,000
So, the gross profit rate is
= $425,000 ÷ $1,700,000
= 0.25 or 25%
Answer:
sharing information across the organization.
Explanation:
ERP software systems allow employees accurate and timely access to real time information about the company's areas that they work with. This can optimize how the company operates and increase cooperation between different areas. Also unnecessary operations and delays are eliminated.
Before, salespeople had to continuously check with inventory department about what products were available and ready to be sold, which caused delays and time is money.
Answer:
It will take 50 months to complete the payment on his entire balance
Explanation:
We have to solve for n in an annuity:
C $20.00
time n
rate (0.1524 / 12 months per year) 0.00127
PV $969.1600
Now, we use logarithmics properties to get the answer:
[tex]-n= \frac{log0.93845834}{log(1+0.00127)
n = 50.044991
