Answer:
C. debit Raw Materials Inventory, $ 4 comma 000; credit Accounts Payable, $ 4 comma 000
Explanation:
The journal entry to record the raw material purchased on the account is as follows
Raw material inventory A/c Dr $4,000
To Account payable A/c $4,000
(Being the raw material is purchased on account)
Since the raw material is purchased, the same is increased the current asset so it would be debited while the account payable is credited as it also increased the current liabilities account
Answer: D. customers have heterogeneous demands which are expected to be met in a cost-effective way.
Explanation:
The options are:
A. most customers are likely to agree on a single product configuration.
B. customers prefer to upgrade their products by replacing their entire system.
C. customers are willing to pay a premium price for extreme customization and personalization.
D. customers have heterogeneous demands which are expected to be met in a cost-effective way.
Modular production system refers to a production system whereby the workers set their own standards and then work together for production purpose.
Based on the scenario given, a modular system would offer greater value to ErgoWorld when the customers have heterogeneous demands that are expected to be met in a cost-effective way.
Answer:
The correct answer is letter "B": philanthropy.
Explanation:
Philanthropy is described as the set of uninterested actions people take to help others. Those others are usually individuals in need who are not receiving any help from governmental institutions. Even if philanthropy is related to the act of providing money, it is not that simple. People dedicating their time volunteering to help others without receiving nothing in return are also philanthropists.
Answer:
D. a premium roof top restaurant in the same city.
Explanation:
The reason for the selected option above is not far fetched, it was said that the restaurant is located within the premises of the hotel, being a five-star. Secondly, the customers of Golden Harvest Restaurant are concerned about the quality dining and not bothers on how much they pay to enjoy their quality dining.
Increase quantity demanded by 5 percent
