Edison's general journal entry to record this transaction will include a:Credit to Utilities Expense for $300.
<h3>Journal entry</h3>
Assuming the Consulting company received the amount of $300 utilities bill in which they immediately paid it, the appropriate journal entry to record this transaction will be to Credit to Utilities Expense for $300.
Edison Consulting journal entry
Debit Cash $300
Credit to Utilities Expense for $300
(To record utilities expense)
Inconclusion Edison's general journal entry to record this transaction will include a:Credit to Utilities Expense for $300.
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A mutual benefit bailment refers to a situation where both the bailee and the bailor benefit.
This is because the parties benefit in a certain way from the bailment contract.
This arises from the fact that there exists an exchange of performances between the parties.
<h3>When there is a bailment for the benefit of the bailee what type of care is required?</h3>
In a bailment for the sole benefit of the bailee, the bailee must use a high degree of care in taking care of the property bailed,must use the property only as agreed, and must return it when the bailment ends.
The bailor has the right to have the property returned in a safe condition when the bailment ends.
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Year end bonuses could be paid only if the business is doing good. The profit margin has to be high in order to give bonuses.
The answer to the question above is FALSE. It is not Fraud by Enticement but rather, Fraud by Concealment. This happens when one party takes a certain action to hide or conceal a material fact from another party. For example, when one company decides to purchase a material from the other and that the first company decides not to show all of the details of the product, which would then later on discovered that it is not brand new or have been repaired several times, they can sued for fraud by concealment.
The marketing mix, also known as the four p's of marketing, consists of product, price, promotion, and place. They are the main essential elements in the marketing mix, which implies in the strategic formation of the company.
<h3>What is marketing mix?</h3>
Marketing mix is the strategy in the initial state of introducing the product. The company do the study about the product which they are going to launch before introducing it into the market.
They have four main elements of the marketing mix that are product is that which is going to launch, price consist of the price of the product in the initial stage, place consist of the place where the product is going to launch, and promotion is the technique of advertising the product's and features.
Thus, it is place.
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