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2 years ago

Company policy does not allow us to give cash refunds effectively explains why a writer's request must be refused.

1 answer:

4 0

That statement is false.

Often time, company's policy regarding refund is written in overly complicated manners so the company is protected from the potential legal attack by the consumers. So I guess this would make the informing effort became ineffective for the consumers.

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What is a delivery gap?

sertanlavr [38]

A delivery gap is,

a. the difference between a firm's service standards and the actual service it provides

- Mabel <3

7 0

3 years ago

The length of time to perform an activity is often dependent upon who will do that work.

Alex787 [66]

Answer:

True

Explanation:

6 0

2 years ago

Read 2 more answers

To raise operating funds, North American Courier Corporation sold its building on January 1, 2021, to an insurance company for $

Ganezh [65]

Answer:

North American Courier Corporation

1. Appropriate Entries:

Jan. 1, 2021:

Debit Cash Account $503,000

Credit Building $500,000

Credit Gain on Sale-Leaseback $3,000

To derecognize the asset and recognize the gain on the sale-leaseback.

Dec. 31, 2021:

Debit Lease Rental $89,023

Credit Cash Account $89,023

To account for the lease rental for the year.

Note: This treatment is in accordance with ASC 842 and not IFRS 16, which has withdrawn the concepts of operating and finance (capital) leases. The treatment under IFRS 16 is quite different.

Explanation:

A transaction qualifies for sale and leaseback accounting under ASC 840 when an entity has determined if the transfer of the underlying asset meets the definition of a sale under ASC 606 Revenue from Contracts with Customers. The two key criteria which can be used by an entity to determine this, are as follows:

1. Does a contract exists; and

2. Has control of the asset been transferred?

We believe that the criteria are met. Since this transaction qualifies for sale and leaseback accounting under the old ASC 840, the accounting for the Seller-lessee (North American Courier Corporation) is:

1. Recognize transaction price (determined under ASC 606) when buyer-lessor obtains control, adjusted for any off-market terms

2. Derecognize the carrying amount of the underlying asset

3. Recognize gain or loss in full, subject to any off-market terms

4. Account for the (operating) lease in accordance with ASC 840.

8 0

3 years ago

As technology grows, so does its uses. Companies are finding ways to let their employees manage various parts of their job witho

iVinArrow [24]

Web-based self-service applications are types of applications that allow employees to access certain tasks of a company online, without having to interact with a representative of this company. Most of these websites offer support and immediate access to information.

This saves time and money, because the representative who would normally have to facilitate this work is no longer necessary. Moreover, because this is found online, it is likely that these applications can be accessed 24/7, which means that they also save time.

However, there are some disadvantages for employees too. For example, employees usually need to provide a lot of personal information in order to gain access to such application. Moreover, if they are confused about a particular aspect of it, it can be difficult to get personal help or support.

4 0

3 years ago

The following situations relate to the demand curve for iPhones [normal good]. For each situation, state whether it is a change

julia-pushkina [17]

An increase in the income of 18-25 year olds would lead to an increase in the demand for iPhones.

The announcement made by Apple, would lead to a decrease in the demand for iPhone.

An increase in the price of iPhones would lead to a decrease in the quantity demanded of iPhones.

A decrease in the price of android phones would lead to a decrease in the demand for iPhone.

A demand curve is a curve that shows the relationship between the price of a good and the quantity demanded. A normal demand curve is downward sloping. This means that as prices increases, the quantity demanded would decrease.

Only a change in the price of a good leads to a change in the quantity demanded. This would mean a movement along the demand curve for the good. Other factors leads to a change in demand. This is shown by either an outward shift or inward shift of the demand curve. When demand increases, there is an outward shift. When demand decreases, there is an inward shift of the demand curve.

An increase in income would lead to an increase in demand for iPhone because iPhone is a normal good. This would lead to an outward shift of the demand curve.

As a result of the announcement, demand would decrease. This is because human beings would like to buy goods cheaper, so they would defer purchase to next month. This would lead to an inward shift of the demand curve.

An increase in the price of iPhones would lead to a decrease in the quantity demanded of iPhones.

If there is a decrease in the price of androids, there would be an increase in the demand for androids and a decrease in the demand for iPhone. This would lead to an inward shift of the demand curve.

To learn more, please check: brainly.com/question/16170188?referrer=searchResults

8 0

1 year ago