Answer:
C. credit to Customer Refunds Payable, $900
Explanation:
Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850.
Global Company refunded Montana Industries $900 for returned merchandise. The cost of merchandise sold was $600.
The entry that will be recorded by Global Company in the journal entry for the refund from the sale a credit to Customer Refunds Payable, $900
<u>This amount of $900 will eventually be netted off against the accounts receivable amount for the total sales of $3,450, reducing the amount payable by the customer to $2550</u>
Answer:
Moral Hazard
Explanation:
Moral hazard is a situation which involves two parties, one party gets involved in a risky event because he knows that it is protected against the risk and that the other party will bear the cost and consequences of his actions if there be any loss. It arises when both the parties have incomplete information about each other.
In the financial market, there is high risk that a borrower may do undesirable things and may not pay back if he knows that when he defaults, his guarantor might will pay. This can make him to act with reckless abandon and in a riskier way.
Because Hamon in the Question got insurance that is worth twice his restaurant, he became careless in the management of his restaurant because he believes that if there be any loss, insurance will pay. This is called Moral Hazard in Business.
Answer:
Market segments are the relatively homogenous groups of prospective buyers that result from the market segmentation process.
Explanation:
Market segments are the relatively homogenous groups of prospective buyers that result from the market segmentation process.
A market segment is a category of customers who have similar likes and dislikes in an otherwise homogeneous market. These customers can be individuals, families, businesses, organizations, or a blend of multiple types.
Market segments are known to respond somewhat predictably to a marketing strategy, plan, or promotion.
Answer: purchase foreign currency in order to purchase a U.S. treasury bond.
Explanation:
Currency convertibility has to do with the degree in which the domestic currency of a particular country can be converted into the currency of another country.
Therefore, a citizen in a developing country with a currency policy of convertibility on the current account could engage in the purchase foreign currency in order to purchase a U.S. treasury bond.
Answer:
<u>the trend of more Latino immigration </u>
Explanation:
The stores have identified a market opportunity because of the increase in Latino immigrants in Boston, Massachusetts.
Note that when a significant amount of a population come from a certain ethnic group, demand for ethnic products is more likely to increase. Thus, this has made Marco feel very much at home.
