Answer:
C. Company A is not bound by the contract because of illegality
Answer:
$5000
Explanation:
Since Elm City issued a purchase order for supplies with an estimated cost of $5,000, although when the supplies were received, the accompanying invoice indicated an actual price of $4,950, the amount that Elm should credit to encumbrances outstanding in its general fund after the supplies and invoice were received; is $5000
Notice that encumbrances are set aside funds for a purpose, therefore upon ordering, encumbrances balance would increase, and Elm would have passed the following entry
Dr. Encumbrances...$5000
Cr. Fund Balance.....................$5000
Therefore even if the supply came with a shortfall in amount, in order for Elm City to show that the purpose for making that encumbrance has been met, it has to be liquidated by crediting the Encumbrance account by the full amount of $5000
Explanation:
A SWOT analysis is a framework that is used to analyze a company's competitive positioning in its business environment. Coca-Cola is carefully reviewing its SWOT analysis and using it to make strategic decisions. ...
Answer:
The term usage rate refers to the maximum number of times a customer has used a product in a given period.
Explanation:
The usage rate classifies consumer on the basis of how much of the product they are consuming in the given period.
On the basis of this rate consumers can be classified as non users, light users, moderate users and heavy users.
This usage rate is often used for market segmentation. The firms prefer to target one heavy user instead of several light users.
The difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.
<h3>What is renters insurance?</h3>
Renter's insurance is the property insurance that covers the (renter's) policyholder's personal belongings, liability, and some living expenses in case of a loss event.
With replacement cost renters insurance, the policyholder has sufficient funds to replace all insured belongings and other losses.
With cash value renters insurance, the policyholder can only recover the depreciated value of their assets.
Thus, the difference between the "full replacement cost" and the "cash value" renters insurance is one involves full replacement cost and the other depreciated value.
Learn more about renters insurance at brainly.com/question/1973043
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