Answer and Explanation:
The journal entry is shown below:
Cash Dr $98,800
Finance charge Dr ($120,000 × 1%) $1,200
To Liability - Financing Arrangement $100,000
(being receipts of cash is recorded)
Here cash and finance charge is debited as it increased the assets and expenses and liability is credited as it also increased the liabilities. Also, the cash & expenses contains normal debit balance and liabilities contains normal credit balance
Answer:
Search for Products and Evaluating Possible Suppliers Stage.
Explanation:
Examining quality, design, materials, and item reduction to acquire a product in the most cost-effective way falls under search for products and evaluating possible suppliers stage of the business buying decision process. In this step, business buyer go for searching the products and evaluate different available options in order to make the purchase process easy and effective. Basically they analyse the product quality, its materials and design. These factors are then analyzed by categorizing, evaluating and analyzing different available options.
Answer:
Societal marketing orientation
Explanation:
Options include "a. Societal marketing orientation
, b. Production orientation
, C. Sales orientation
, d. Market orientation
Societal marketing orientation is an idea to engage the customers in marketing movement of the company. If the customers evangelize the product on the company’s behalf the company finds success very easily and efficiently. Societal marketing orientation not only focuses on the needs of the customers but also on the fulfillment of the social responsibility
