Answer:
The correct answer is (D)
Explanation:
If a customer wants to invest the agent must place the order as instructed. The agent must give all the information to the customers regarding the break-even discount. The complete information should include the ways through which the customer can earn the break-even discount. The agent should place the order and tell every opening and aspect of invest to the customer.
Answer:
The Supreme Court ruled in favour of the Complainants, enforcing the contract.
Explanation:
The Lucy Vs Zehmer case was one of decision on if a contract was binding or not on the basis of the undisclosed intentions of the parties involved in the contract. Zehmer alleged that he had jokingly sold and transferred title to Lucy while drunk. However the court ruled that contract for the sale of land to Lucy was valid on the basis that the secret intentions of Zehmer was not known or disclosed in the sale of the land and only his actions count for the contract to be binding.
Answer: 20.86%
Explanation: From the question, the credit term is 2/10, n/45. Which means that the customer gets a 2% discount if payment is made within 10 days. But the customer did not make use of this offer. The equivalent annual Interest lost on the amount of purchases is :
365/ (45-10) * 0.02 = 365/35*2%
= 0.20857 *100= 20.86%
This is calculated using 365 days in a year.
Answer:
All of these options is true
Explanation:
Statement of revenue and expenses is a comprehensive report showing the amount of profit earned minus the amount of operating expenses.
It provides information regarding the organization's operation as well as the revenue generated.
Revenue earned is collated as receipts and included in the statement of revenue and expenses.
Regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college choosing to report as a special-purpose entity engaged in business-type activities, the following apply:
- State appropriations should be reported as non-operating income
- Both contributions for plant and for endowment purposes must be reported separately after both operating and non-operating revenues and expenses
- An operating income figure must be displayed
