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3 years ago

when goods are sold to a customer by entity and customer promise to pay amount at certain future time period that is know as

Business

1 answer:

MAXImum [283]3 years ago

4 0

Answer:

Promissory agreement.

Explanation:

A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.

Thus, when goods are sold to a customer by a business entity and the customer promises to pay an amount of money at a certain future time period it is known as a promissory agreement.

A promissory note can be defined as a signed document that contains a written promise by a customer to pay a specific amount of money to an individual or business firm, on demand or at a certain future time period, for the goods or services purchased.

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Which of the following is an example of a deferral? A : recording revenues that have been earned on account B : expensing wages

MrMuchimi

Answer:

C : expensing a part of the cost of a building

Explanation:

A deferral is an amount of money that was earned or paid but that would be included in the income statement in a future accounting period. According to this, the answer is expensing a part of the cost of a building because the company pays the cost of the building but includes a part of it in the current period and the remaining will be recorded in a future period.

3 0

3 years ago

With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbuck

Komok [63]

Answer:

The short answer to that is No, Starbucks will not change its foreign market entry strategy.

Explanation:

The reasons are as follows:

did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control.
Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business.
Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.

Cheers

8 0

3 years ago

Preparing a Direct Labor Budget Tulum Inc. makes a Mexican chocolate mix. Planned production in units for the first 3 months of

AleksAgata [21]

Answer:

Jan = $306 in direct labour costs

Feb = $272 in direct labour costs

March = $357 in direct labour costs

Total for the quarter = $935 in direct labour costs

Explanation:

0.4 hours is 24 minutes

January

= 24 700 units / 24 minutes = 1029

1029 minutes would be required for 24 700 units

1029 minutes / 60 = 17.15 hours. We round up to 18 hours

18 hours* $17 per hour = $306

Therefore, $306 in direct labour costs in January

February

= 22 000 units / 24 minutes = 917

917 minutes would be required to produce 22 000 units

917 minutes / 60 = 15.3 hours. We round up to 16 hours

16 hours * $17 per hour = $272

Therefore, $272 in direct labour costs in February

March

= 30 200 units / 24 minutes = 1258

1258 minutes would be required to produce 30 200 units

1258 minutes / 60 = 20.97 hours. We round up to 21 hours

21 hours * $17 per hour = $357

Therefore, $357 in direct labour costs in March

Total for the quarter = 306 + 272 + 357 = 935

$935 in direct labour costs for the first quarter

5 0

3 years ago

Read 2 more answers

Why do multi-national hotel groups prefer local citizens to serve in top-level- management positions? The salaries to local mana

raketka [301]

Answer:

Employee morale will improve as workers recognize they can be promoted to the highest levels of management.

Explanation:

When multinational hotels use local citizens to serve as top management on the company, it sends a message to other local employees that it is possible to rise to a position of higher responsibility in the company even as a local hire.

Workers are more motivated to deliver their best because there is reward of growth.

Furthermore this will increase Goodwill of the company among local citizens.

4 0

3 years ago

The sum of two numbers is 21. the large number is 6 less than twice the smaller number

rosijanka [135]

X + y = 21
(x - y) = 2x - 6
Rewrite the first equation so that y = 21 - x
Now substitute y in the second equation, and solve for x.
Then solve for y

4 0

3 years ago