<u>Solution and Explanation:</u>
• The Significant dangers and awards of responsibility for products have been moved to the purchaser.
• The dealer holds neither proceeding with the administrative contribution to the degree generally connected with the possession nor powerful authority over the products sold.
• The measure of the income can be dependably estimated.
• It is plausible that the monetary advantages related to the exchange will stream to the vender.
• The cost brought about or to be acquired in regard to the exchange can be estimated dependably. In such conditions, any thought previously got for the offer of merchandise is perceived as an obligation. So therefore, receipt of $1000 received by Tesla as a reservation payment from a customer is recorded as short term liability in its books.
Entry shall be as follows:-
Bank/Cash A/c Dr. $1000
To Advances from Customers $1000
In order to avoid losing personal assets, Brad and Jeevan should organize their firm as a <u>Corporation</u>.
<h3>Why would a corporation be best?</h3>
A corporation is considered a separate entity from its owners for tax and legal purposes.
This means that if Brad and Jeevan were to make their firm a corporation, they would not have to worry about their personal assets being seized in the case that the firm suffers losses.
In conclusion, they should create a corporation.
Find out more on corporations at brainly.com/question/1624317.
Answer:
staffing decision making problems
Explanation:
In simple words, corporate finance relates to the branch of finance that studies how and when an organisation and individuals should incest their money in the market.
In this subject matter. the analyst takes into consideration various market factors such as interest rates, GDP etc. and by applying various tools and methods make a decision.
It particularly deals with investment decisions and asset management problems and not staffing decisions.
