Answer:
The best approach for acquiring inputs that have clear and quantifiable quality requirements and necessitate specialized investment is through contracts.
Explanation:
The contract formalizes the arrangement between the buyer and seller, establishing legal conditions and agreed responsibilities. One of the significant benefits is that companies and buyers can concentrate on obtaining what they require as contracts apply to physical goods as well as services, minimizing opportunistic behaviors and underinvestment.
An example is CONASUPO, a Mexican government agency that entered into contracts with ranchers across Mexico to procure their milk production at reduced prices to support numerous low-income households.
A. 25% of the monthly returns are below or equal to the first quartile. 50% of the monthly returns are below or equal to the second quartile. 75% of the monthly returns are below or equal to the third quartile.
Answer:
Explanation:
The journal entry is presented beneath:
Cash A/c $18,000
To Service revenue A/c $18,000
(Accountable for the receipt)
In this transaction, we debit the cash account because cash has been received and credit the service revenue since the service has been performed. Both entries are made for the amount of $18,000 to ensure accurate recording.
