This is an example of business marketing.
When somebody sells their goods and services to individuals or organizations for purposes other than personal use, that would be considered business marketing. These corporate offices won't use the goods for their personal use, but rather for work.
Answer:
Liquidity of an asset refers to how easily convertible the asset is to cash or so called liquid money.
Most Liquid - A $5 bill
This is already cash so it is the most liquid there is.
Second-Most Liquid - The funds in a money market account
Funds in a money market account are the second most liquid because most often they can simply be withdrawn from the fund. There might be limits on the number of withdrawals allowed though within a period.
Third-Most Liquid - A share in a publicly traded company
A share in a publicly trade company ranks here because to realize the cash, one would need to sell the share first.
Least Liquid - Your house
Your house will be the most difficult of these to liquidate as it will involve a much longer process to eventually get it sold and realize cash. The process will include but will not be limited to, advertising, hiring realtors, inspection etc.
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
Answer:
b. Intellectual property
Explanation:
Toyota is investing in Uber a car hailing service company.
Uber has cutting edge technology that makes it stand out from other car hailing services.
Toyota wants to have a part of this technology in order to improve on their cars and make them stand the test of time with regards to customer satisfaction.
To do this Toyota invested $500 million in Uber and in exchange they have access to Uber's intellectual property.
Answer:
It is Control the inventory process (B)
Explanation:
Control the inventory process : Unusual shortage of products on Walmart shelves is an evidence of poor inventory control system.
The deficiencies in the system must be identified and then appropriate corrective control system to address them must be put in place.
A system that prevent stock-out on the shelves must be adopted and its compliance must be enforced.
