The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.
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Answer:
is to share risk.
Explanation:
Insurance is a means by which individuals and businesses avoid the risk of a loss. It is a risk management strategy that is used to hedge against the risk of uncertain loss.
So risk is shared with other parties usually the insurance company in the event of a loss.
The insurance company collects a payment called premium to maintain this agreement. The premium acts as a financial cushion for the insurance firm, and also provides means of settling loss claims.
For example a company can buy insurance against fore loss and pay premiums. In the event of a fire the insurance company is liable to reimburse the company for losses incurred.
Answer:
B. a computer technician has installed the latest software updates, but you have not received an invoice or made payment
Explanation:
An accrued expense arises when a service has been rendered to an individual or organisation but to which the recipient of the service has not made payment for the service. The expense will be recognized in the period in which the service is rendered. In this scenario, the technician has rendered a service by installing software updates but the organisation has not made payment for the service provided. This represents an accrued expense.
