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lisabon 2012 [21]
3 years ago
15

The direct write-off method records bad debt expense only when an account becomes uncollectible, which is not always in the same

period as the sale. for this reason, the direct write-off method violates the
Business
1 answer:
Alchen [17]3 years ago
5 0

The direct write-off method violates the <u>matching principal</u>, which says that revenues and expenses are recorded in period that they occur (not necessarily when they are collected/written off).

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Why does a country want steady economic growth?
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Name and explain money notes<br>​
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Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfils these functions can be considered as money.

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2 years ago
The demand curve suggests that an auto manufacturer will sell 20,000 Mercedes-Benz M-Class vehicles when they are priced at $50,
andrew11 [14]

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c. -3.07

Explanation:

price elasticity of demand = % change in quantity demanded / % change in price

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price elasticity of demand = 35% / -11.4% = -3.07 or |3.07| in absolute terms

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5 0
3 years ago
BUSINESS LAW- TRUE OR FALSE
Bas_tet [7]

A statement that is valid according to law of contract will be termed true while an invalid one is termed false.

<h3>Validity of the statements</h3>

  1. Under the UCC, a contract will generally fail because one or more terms are left open, (TRUE)
  2. A contract without a quantity term is valid. (TRUE)
  3. A contract for services is specifically covered by the UCC. TRUE
  4. Whether there has been an offer is determined by a subjecive standard. TRUE
  5. A says to B: "I am going to sell my car for $2,000." B says: "I accept, here is my check." There is a contract. TRUE
  6. Offers made in jest are always invalid. FALSE
  7. B agrees to buy all of her requirements from S. S agrees. The contract fails for lack of a definite quantity term. TRUE
  8. A writes to B: "I will offer you S20 a week if you will give violin lessons to my son. You have 30days in which to reply to this offer." B is still thinking about it when a purporis to revoke 15days later. B can nonetheless accept. TRUE
  9. When an offeree learns from a third party that the offeror has sold the goods. the offer is re-voked. TRUE
  10. The modern view is that once the offeree of a unilateral contract begins to perionin, the offeror may not revoke his promise. FALSE
  11. An offer continues until there is an express revocation of the offer. TRUE
  12. A offers to sell his watch to B for 100. B says she will take it for 575. B may laier accept the offer for S100. TRUE
  13. A offers to sell his watch 10 B for $100.1 gives a 55 to keep the offer open. A may not revoke. TRUE
  14. Under the UCC, a non-merchant may make her offer irrevocable without consideration. TRUE
  15. In general, an offeree must affirmatively convey his or her intention to accept an offer to enter into a bilateral contract TRUE
  16. A says to B:"If you paint my house, I will give you 5100." B promises to paint a's house. Thereis a contract. TRUE
  17. At common law, an offeree may request additional terms in accepting the offer. TRUE
  18. Merchant S accepts Merchant B's offer with an additional clause providing for reasonable interest for overdue invoices. The additional clause is part of the contract. TRUE
  19. Revocation of an offer sent by mail is elfective upon receipt. TRUE
  20. lla ained for forbearance of a legal right will constitut esileration TRUE
  21. B agrees to buy a house offered by S if B gets a bank loan. There is a contract TRUE

<h3>Law of contract</h3>

Law of contract is an agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

learn more about law of contract: brainly.com/question/984979

6 0
2 years ago
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