Manufacturers offer discounts usually to large quantity or bulk buyers. this encourages buyers to buy more because the businesses give them an opportunity to save more money. usually, it is the retailers who would buy from manufacturers in bulk orders
Answer:
The correct answer is letter "A": true.
Explanation:
Companies using the process costing approach accumulate and assign costs to mass production of a good. Instead, job order costing assigns costs of manufacturing to individual units of production. In process costing, the costs are reported from one department involved in manufacturing to another following the production process. On the other hand, in job order costing, the costs are reported in job cost cards as they are being used.
Answer:
d. Debit Cash $1,000 and credit Notes Receivable $1,000.
Explanation:
Notes receivable are assets for the firm that occur when other parties make a promise which is documented to give a certain amount at the time of demand or on a particular date.
As we know that<u> when assets will increase it will be debited</u> and <u>when assets will decrease, it will be credited.
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In the given case, note receivable collected by the bank which indicates that asset is decreased because note receivable has already been collected however it was increased when not collected. And cash received here that means asset increased and hence <u><em>Debit Cash $1,000 and credit Notes Receivable $1,000.</em></u>
Answer:
<em><u>Convenience products.</u></em>
Explanation:
Convenience products are those goods or services that are purchased by the consumer with high frequency without comparison criteria or high purchasing efforts. These products are widely distributed so that the consumer has the availability of purchase at any time. Examples include magazines, fast food, detergents and beverages.
Some of its features are:
- Low price,
- Classified as non-durable goods,
- High frequency of replacement at points of sale,
- Easy replacement products