Answer:
Cost advantage.
Explanation:
In this scenario, Sweetmeats Inc., a deli, produces its own grains, such as corn, wheat, rice, and oats. The employees create different types of breads without having to buy the grains from other sources. This has helped them sell their bread items to customers at much lower prices than other neighboring delis. This scenario best illustrates a cost advantage.
Cost advantage can be defined as the factors, benefits or edge which an organization has to produce its goods and services at a cheaper rate and better quality, over its competitors or rivals in the same industry. Some of these factors include availability of raw materials, branding, skillful workforce, intellectual property, quality distribution channels, favorable location, great customer services, superior technology, etc.
Answer:
c. $524,000 and $250,000
Explanation:
See the attached picture for detailed explanation.
Debit Accounts Receivable $5,000; credit Tile Sales $5,000
Answer:
prior to using the <u>Assumed names</u>
Explanation:
An insurance producer must get himself or his organization registered before doing any business of insurance.
For this there are certain rules as related to the names of such business.
There is the requirement to follow the rules and regulations.
If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.
This is to ensure that the name shall not be registered with some other organization.
Thus, no assumed names to be used, before prior permission is received from the commissioner.
Answer:
False
Explanation:
The Securities Act of 1933 requires the registration of all the securities issued and sold ob public markets. This act had some exemptions:
- private offerings (if the securities were offered to a certain group of persons and/or institutions)
- offerings of a limited size: a very small issuance would be excluded, but remember that $5 million of 1933 are equivalent to more than $98 million today (average annual inflation of 3.48%)
- securities issued by government entities
- securities issued on intrastate offerings (only traded within a given state)
