Answer:
The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position. ... The value of a product is determined by the ratio of its quality to its price. The higher the value of a product, the better will be its competitive position.
Answer:
Explanation:
The journal entries are shown below:
a. On August 31:
Allowance for Doubtful accounts A/c Dr $200
To Accounts receivable A/c $200
(Being the balance is written off)
b. On December 15:
Allowance for Doubtful accounts A/c Dr $200
To Accounts receivable A/c $200
(Being the balance is written off)
Cash A/c Dr
To Accounts receivable A/c
(Being the written off collected in cash is recorded)
Answer:
D. cash flows from operating activities
Explanation:
Operating activities include the functions of a business with respect to providing its goods and services to the market. Operating activities for a company include sales, manufacturing, marketing activities and advertising. The category that is generally considered to be the best measure of a company's ability to continue as a going concern is cash flows from operating activities.
Answer:
B; It conveys a sense of identity for organization members
Answer:
The statement is false
Explanation:
Non- essential expense is the expense which is spent on the extra things, which means it is not essential to meet the needs. Whereas the essential expense are those expenses which are spend on consuming the things required for living. For example food, cloth.
So, both the expenses are those expense which are necessary for an individual or person and therefore, cannot be reduced in order to produce the more savings.