The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
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Pay discrepancies i believe
Marketing benefits the organization, its stakeholders, and society at large by <u>creating, communicating, delivering, and exchanging</u> offerings that have value for customers.
<h3>What is marketing?</h3>
Marketing is a process filled with many activities to ensure customer value and organizational profitability.
Marketing involves the following marketing mix:
- Product
- Price
- Place
- Promotion.
Marketing does not start with advertising or creating awareness of a product or service in the mind of customers. It begins with product design, production, and delivery, and ends with customer service.
Thus, marketing creates, communicates, delivers, and exchanges offerings to benefit the customers, the organization, and other stakeholders.
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Answer:
As assets but separately from other receivables.
Explanation:
When a company lends money to its employees, managers or affiliated companies, or sells goods or services to them, it must report those accounts or notes receivables in a separate account than normal transactions carried out with external customers. This happens because the transactions must be verifiable to check if they were legal and followed the proper procedures, and at what price or interest rate were they carried out. E.g. a corporation that lens $10 million to its CEO at 1% interest rate is not doing things properly and that transaction should be reversed and proper interest rates must be charged.
Answer:
If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.
In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.
