1. (a) Record a liability
2. (a) Record a liability
3. (b) Disclose in notes
<h3>What happens if you fail to record a liability?</h3>
Frequently, failing to register a responsibility entails also neglecting to record an expense. Income is decreased by expenses; but, in this case, this wasn't documented so that net income wouldn't be impacted when it should have been. The net income will be overstated as a result.
<h3>On a balance sheet, how do you record liabilities?</h3>
Unearned income or a "payables" account is normally where liabilities are recorded. In most cases, unless they are regarded as contra liabilities, they have a credit balance. As a result of discounting or lowering the amount owed, this kind of liability has a negative balance.
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A variable annuity contract is often described as a mutual fund family wrapped in an annuity contract. ... Many annuities offer a wide range of investment options, with up to 50 different funds. These annuity investment options are known as subaccounts. Some companies refer to these options as investment portfolios.
Answer:
73 days
Explanation:
average collection period = number of days in a period / receivables turnover
receivables turnover = revenue / average receivables = $100,000 / $20,000 = 5
average collection period = 365 / 5 = 73 days
I hope my answer helps you
(C) Direct marketing.
<h3>
What is telemarketing?</h3>
- Telemarketing is a form of direct marketing in which a salesman calls potential clients to ask them to purchase goods or services.
- This can be done over the phone, during a prearranged in-person meeting, or by web conferencing.
<h3>
What is microtargeting?</h3>
- Direct marketing datamining techniques that use predictive market segmentation are part of microtargeting, which is frequently used by political parties and election campaigns.
<h3>What is direct marketing?</h3>
- The act of presenting an offer directly to a target client and providing them with a way to respond immediately is known as direct marketing.
- It is sometimes referred to as direct response marketing among practitioners.
- Advertising, in contrast, is a form of mass messaging.
<h3>What is the sharing economy?</h3>
- The sharing economy is a socioeconomic structure based on capitalism that emphasizes resource sharing.
- It frequently involves a different method of buying goods and services than the conventional business model, which involves employers hiring workers to create commodities that are then sold to customers.
Therefore, the correct answer is (C) Direct marketing.
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Answer:
The difference is that buffets don't actually have to prepare the food quickly.
Explanation:
Buffet can be considered a form of fast food: you walk in and pay, and can then immediately grab whatever you like and eat it.
