Answer and Explanation:
The journal entries are shown below:
1. Petty cash $140
To Cash $140
(Being the petty cash fund is established)
2. Postage expenses Dr $49
Merchandise inventory Dr $10
Delivery expenses $12
Miscellaneous expenses $38
To Petty cash A/c $109
(Being the expenses are recorded)
3. Petty cash $50 ($190 - $140)
To Cash $50
(Being the increase of the petty cash fund is recorded)
Only these entries are recorded
The customer value index is 2.58
The labor savings of the firm at 20% = 0.33
The product warranty of five years = 0.42
The competitive price = 1.0
The no call backs = 0.83
In order to get the customer value index, the next approach would be to add up all of the sums together.
0.33+0.42+1.0+0.83 = 2.58
In conclusion the Customer value index = 2.58
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The aggressive weights originating from different ±rms in the business are solid. There are various contenders offering a wide scope of stock in indistinguishable classifications from Under Armor. Under Armor does not hold any texture or process licenses, and henceforth its item portfolio could be replicated later on. Furthermore, the cost to switch brands is low for the purchasers. Besides the real brands, innovative work has enabled organizations to deliver comparative items offering similar attributes. This has debilitated differentiation and adds to the opposition from different contenders. Also, a large portion of the contenders have the abilities of the economy of scale, which enables them to stay aggressive with Under Armor.
Answer:
The main difference between wholesaler and retailer is that wholesaler are people who buy products in large quantities for reselling purpose to earn a profit whereas retailer is a person who sells products to the final consumer in small quantities.
Explanation:
