Answer:
Substitute goods
Explanation:
Substitutes goods are products that can be used in place of one another. Consumers will be happy consuming either of the substitute goods. Therefore, substitute goods are similar and offer solutions to similar customer problems. Examples of substitute goods are tea and coffee.
If the price of one substitute good decreases, its demand will rise. Customers will prefer consuming that product over its substitutes due to its lower prices. The demand for other substitute goods will decrease as customers prefer the more affordable options.
ANSWER:
the sequence of processes involved in the production and distribution of a commodity
EXPLANATION:
SCM attempts to centrally control or link the production, shipment, and distribution of a product. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster.Supply chain simplification is a straightforward concept in theory. It essentially means making the processes involved in supplying a product or service to customers less complicated.
Answer: defines the advertising objectives
Explanation:
Answer:
The trademark can not be amortized as its life is indefinite
Explanation:
The international accounting standard IAS 38 Intangible assets says that the intangible assets must be amortized over its useful life and if the useful life of an asset is indefinite (Just like land) then the assets must not be amortized. So the amortization charge will be zero.
Answer:
The Journal entry at the beginning of the year is as follows:
Estimated revenue A/c Dr. $1,342,500
Estimated other financing sources-Bonds proceeds A/c Dr. $595,000
To Appropriations control $960,000
To Appropriations-Other financing uses-operating transfer outs $532,500
To Budgetary fund Bal. $445,000
(To record entry at the beginning of the year)