<span>A variation of off-price retailing includes outlet stores
Since the development of the current technology, it became easier for the customers to seek information regarding the nearest outlets that provide their desired products.
With these, they don't have to travel a substantial distance to a large department store in order to get a good quality product.</span>
Uninsurable risk is one where the insurance company cannot calculate the probability of the risk occurring which can happen due to numerous reasons. An insurable risk is one where the calculations can be made and the premium that gets paid is determined.
Answer:
It should be recommended that the customer should sell long.
Explanation:
As the offer in the question is contigent on 64% of the tendered shares, this makes the tender be inappropriate if the customer wants to cash out the position.
The right step to take is by selling the long position that has a new higher market price.
Therefore, it should be recommended that the customer should sell long.
Note that to sell long implies that stocks or any other financial investment instrument are purchased now for the purpose of selling them at a higher future price in order to make a profit.
Answer:
a. Date Account Title and Explanation Debit Credit
Insurance Expenses $2,800
Prepaid Insurance $2,800
(To record 6-month Insurance coverage expired)
b. Date Account Title and Explanation Debit Credit
Supplies Expenses $10,200
Supplies $10,200
(8,200 +3,600 - 1,600)
(To record supplies consumed during the year)
