Answer:
The answer is: C) It is true because non-trade receivables do not result from business operations and should not be included with accounts receivable.
Explanation:
Usually non-trade receivables are current assets that should be converted into cash with a one year period, e.g. employee loans, tax refunds. Sometimes they will need more than one year to be converted into cash, so they have to be classified as non current assets.
These assets were not generated by normal business operations, therefore they should not be included under accounts receivables.
The safeway display and sell product groupings are in this
manner because of the fact that products should be grouped in order for the
people to relate them in a more meaningful and understandable manner whenever
they go grocery shopping or go shopping.
Answer:
C. Sole Proprietorship
Explanation:
Sole Proprietorship is a business owned and less capital required business that can be operated, it is can be operated even by an individual with a simple setup such as a table and a chair in a garage.
With Limited Liability Company (LLC), there are a lot of legal requirements to be reached before setting it up, such as putting in place board of directors, internal auditors and external auditors, mentioning few.
With Partnership it requires two or more individuals in order to operate in addition to a partnership deed.
With Corporation it is similar to the LLC
Thus Sole proprietorship is the simplest and easiest to set up.
<u>Answer: </u>Option B Together the product lines make up Clorox's Product mix.
<u>Explanation:</u>
The total number of product lines offered by the company to its customers can also be stated as product mix. It also represents the product assortment that is offered to the customers. The product lines offered by Clorox are vastly different and it has five product lines.
To have deeper understanding on the product mix the depth, width, length and consistency of the product mix can be studied. Risk can be reduced by increasing the product mix.
