Answer:
a requirements contract.
Explanation:
A requirements contract is made between a company and one of its suppliers or vendors. In that contract, the supplier or vendor agrees to supply a certain amount of goods or services that the company requires, in exchange the company will only purchase the goods or services from that specific supplier or vendor.
Answer: current liability for any portion due within one year
Explanation:
Notes payable are referred to as the written agreements whereby one party agrees to pay the other party a certain amount of money.
It should be noted that on the balance sheet, notes payable will appear as liabilities. In a situation when the amount is due within a year, then it's considered to be current liabilities while it's regarded as a long-term liability when it's more than a year,
It should be noted that a five-year note payable would appear on the balance sheet as current liability for any portion due within one year.
Answer:
amount of period costs is 70000
Explanation:
given data
Direct Materials = $120,000
Direct Labor Incurred = 60000
Overhead Incurred = 10000
Selling Expenses=50000
Administrative Expenses = 20000
to find out
amount of period costs
solution
we know here that period costs for year is the sum of Selling Expenses and the Administrative Expenses in a year
so it will be
amount of period costs = Selling Expenses + Administrative Expenses ...........1
put here both value in equation 1
amount of period costs = 50000 + 20000
so amount of period costs = 70000
Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
<h3>What is rule-of-thumb?</h3>
A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
To learn more about rule-of-thumb from given link
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To receive a specific reliable return on your investment.
It is a specific return because it is pre-set and you know what you can expect to get up front. It is reliable because bonds are low risk and generally safe investments.
Low risk/low reward.