Answer:
b. Straight Rebuy.
Explanation:
As Phil put down the phone and told Alice, "I just love that customer. I got another big order, and they just keep on coming." Phil is most likely selling to a firm in straight rebuy kind of buying situation. In straight rebuy, business consumers continue buying the same products with the same features at the same price over and over again. They even do not ask for any kind of changes in the order. They just place their order and get the same product each and every time in order to save their time and efforts. Automatic re-ordering can be established by some companies with the help of technology in order to go for straight rebuy which is not only effective but also efficient mechanism as well.
Answer:
Bourne Inc.
Journal entries
Date Account Name Debit Credit
1-Dec Supplies $2,000
Accounts Payable $2,000
1-Dec Cash $6,000
Deferred Revenue $6,000
1-Dec Land $40,000
Notes Payable $40,000
15-Dec Accounts Payable $2,000
Cash $2,000
Adjusting entries
Date Account Name Debit Credit
31-Dec Supplies expense $1,900
($700 + $2,000 - $800)
Supplies $1,900
31-Dec Deferred Revenue $1,000
($6,000/6)
Service Revenue $1,000
31-Dec Interest expense $400
($40,000*12%* 1/12)
Interest Payable $400
Answer:
The correct answer is (B)
Explanation:
Stagflation is a mixture of fusty monetary development, high unemployment, and high inflation. It's an unnatural circumstance since swelling should happen in a weak economy. In a typical market economy, slow development stops development. Accordingly, customer demand drops enough to prevent costs from rising. Stagflation is dangerous for economic growth and it leads a country towards depression.
Answer:
Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.
Explanation:
An effective internal control system
This simply aim to give adequate hope that the policies, processes, tasks, behaviours etc, of an organisation, when complied, helps its effective and efficient operation of the organisation etc.
It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization by the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours, overtime, must be approved by employees supervisor.
Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.
Relatively Fixed Individual Differences is the Intelligence, ability, personality, core self evaluations (self esteem, self efficiency...) managers have little impact on these.
