Answer:
Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here?
Yes, SPI can sue Med-Express in an Illinois court due to the minimum contacts doctrine. This is an actual court case that the North Carolina Court of Appeals ruled in favor of SPI. The minimum contacts rule states that in order for a business to be sued in another jurisdiction it must have maintained minimum contacts with residents of that state. Minimum contacts may include making business with individuals or companies that reside in the other state, visiting the other state or incorporating in the other state. In this case, Med-Express made business with SPI, and SPI is a resident of Illinois.
The Relationship Era is the latest period of time in marketing's ongoing changes. It is an cycle where successful marketing looks and feels different than what consumers, observers and practitioners have experienced over the last several decades.
<u>Answer:</u> This is an example of scarcity.
<u>Explanation:</u>
Scarcity means there is less supply of the goods that are required. Non renewable goods are the goods which are available in lower quantity and they may become obsolete at a point of time. These resources cannot be replaced by nature and it takes quite a long time to get supply of these resources.
When non renewable resources are used in production of goods the prices of the goods are very high. When renewable resources are used they are unlimited in supply so the price of the products will be less.
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Hope this helps :)
Answer:
The correct option is A:
cost of goods sold 10,750
merchandise inventory 10,750
Explanation:
When goods are bought for resale,the total cost of the goods bought is usually the invoice price paid as well as the cost of bringing in the goods i.e freight,hence the cost of the goods sold here is the invoice price of $10,000 plus the freight of $750,giving total cost of $10,750
When the goods are sold,merchandise inventory would be credited with $10,750 while cost of goods sold is debited with same amount.
The correct option is first one with cost of goods sold debited with $10.750 and merchandise inventory credited for $10,750