Answer:
exporting trading company
Explanation:
Eks-Plore doesn't actually manufacture any outdoor gear. it provides trading services to companies that manufacture them. Eks-Plore sells goods produced in the US and exports them to foreign markets, e.g. European and Asian nations. This is a type of intermediary that is also responsible for located new potential markets where to sell the goods.
Answer:
c. lump-sum amount
Explanation:
Lump-sum amount -
It refers to the one complete amount of money , is referred to as lump - sum amount .
A lump -sum investment ,. refers to the amount of money invested at one time .
Similarly ,
The returns can be lump - sum , where the person receives the complete amount at one go after maturation , is referred to as lump - sum amount .
Hence , from the given scenario of the question ,
The correct option is c. lump - sum amount .
Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>
<u>Explanation:</u>
In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.
This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.
Once the bill submitted by company is approved, then the retention amount will be automatically debited.
