What are the primary differences between an ultimate consumer and an organizational buyer? Select one product and explain the differences in either its use or purchase, depending on whether it was purchased by an ultimate consumer or an organizational buyer.
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Students' examples will differ, but each example should be descriptive of the definition. Ultimate consumers are the people who use the products and services purchased for a household. For example, a flat screen high definition television could be purchased by any member of a family and used by all for personal enjoyment. Organizational buyers are those manufacturers, wholesalers, retailers, and government agencies that buy products and services for their own use or for resale. A hospital might buy the same television model (most likely in larger quantities) for use in patients' rooms to add value by enhancing their hospital stays.
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If 20% of sales are cash, 50% of credit sales are collected during the month following the sale, and the remaining credit sales are collected two months after the sale, what is the formula in D6?
a) =D2*0.6
b) =C2*0.10
c) =B2*0.40
d) =D2*0.40
e) =C2*0.10
For each of the following transactions, identify the effects as reflected in the accounting equation. Use "+" to indicate an increase and "-" to indicate a decrease. Use "A", "L", and "E" to indicate assets, liabilities, and equity, respectively. Part A has been completed as an example. a.L. Chester invested $100,000 in a corporation in exchange for common stock.+A+Eb.Land was purchased for $50,000. A down payment of $15,000 cash was made and a note was signed for the balance.??c.Services were rendered to customers for cash.??d.A building was purchased for cash.??e.Supplies were purchased for cash.??f.Paid the office secretary's salary.??g.The amount owed on the land from Part (b) was paid.??
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Which of the following is not considered a special journal?
A) purchases journal B) cash receipts journal C) general journal D) cash payments journal
Use maps to connect key business or technical data with ___________________
a. readers' needs b. established parameters c. the document's purpose d. geographical distribution