Answer:
D) There is no way for the parties involved to communicate.
Explanation:
An unsatisfied need exists (the farmhand needs a transportation method), the consumer is willing and able to purchase a product that will satisfy his need, a supplier (or suppliers) exist that can sell him the product, but there is no way that he can request them to do so.
Our world has changed so much during the last years because the internet and cellphone communications have made it easier for almost everyone to communicate. I remember before we had to wait for JC Penny's catalog to arrive (in our case one catalog per season) and then we ordered some things we wanted. Then we had to wait about 1 month and our things showed up. That is ancient history now, I know JC Penny still has some stores open, but internet sales have virtually wiped them out as well as Sears and Macy's.
Communication makes your purchases much easier and cheaper, so now we do not have to depend on one or two big stores.
D expert power. I believe because they know most about that one thing making them an expert.
Answer:
D. Reimbursement
Explanation:
A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.
In this scenario, victor was awarded an "extrinsic reward" for his efforts.
An extrinsic reward refers to an honor that is substantial or physically given to you for achieving something. It is an unmistakable acknowledgment of ones undertaking. For instance, it's a testament of achievement, a trophy or award for winning the race, an identification or focuses for accomplishing something right, or even a monetary reward for doing your activity.
Answer:
d) debit to cash for $8,820
Explanation:
The Journal entry is shown below:-
Cash Dr, $8,820 ($9,000 - 2% × $9,000)
To Accounts Receivable $8,820
(Being is recorded)
Here we debited the cash as increases the assets and credited the accounts receivable as it decreases the assets.
Working note:
Net sales = Sales - Sales returns
= 10,000 - $1,000
= $9,000
