If the Last Wages Bill for the Year Is Paid

question 6

Multiple Choice

If the last wages bill for the year is paid on 28 June and $8 000 is owing at 30 June in unpaid wages, then:

• A) the $8 000 would appear as accrued wages payable in the balance sheet but it would not be included in the expenses for the year.
• B) the $8 000 would appear as accrued wages payable in the balance sheet and would be included in the expenses for the year.
• C) the $8 000 would not be included in either the balance sheet or the profit and loss statement.
• D) the $8 000 would appear as an expense in the profit and loss statement.

Understand the importance and impact of promotional activities between manufacturers and retailers.

Recognize the benefits and drawbacks of vertical relationships for consumers, manufacturers, and retailers.

Understand the role of arbitrage in defeating price discrimination.

Understand the concept of price discrimination and its application to different market segments.

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Definitions:

Competitive Offerings

Refers to the range of goods or services provided by a company's competitors, which are considered when consumers make purchasing decisions.

Marketing Strategy

A long-term plan designed by a business to achieve specific goals through understanding customer needs and creating a strong brand value.

Sales Training Programs

Educational courses or workshops designed to improve the skills, techniques, and effectiveness of a company's sales force.

Digitally Mediated Training

Training programs that are delivered through digital platforms, including online courses and virtual training sessions.