Answer:
The answer depends on 2 vital elements
1. whether there are injured/dead people - you cannot accept the money. you must inform BOTH the Insurance company and the Police. otherwise it is a hit and run, which is a criminal offence and you will be penalized.
2.or there are no injured/dead people - then take the money and settle the dispute
Explanation:
Dealing with insurance companies is not a legal requirement and depends on your choice.
BUT,
if a person is injured or dead because of the accident, then not only should you inform the insurance company, but also you should inform the legal authorities (Police).
so, as I mentioned about, if it is just your car a and stranger's car that is damaged, then you can settle it without involving the insurance companies.
if a person or another party is involved, then you cannot!
hope this helps!
Ciencias formales: Lógica y Matemáticas. Ciencias factuales: 1.- naturales (Física, Química, Biología, Psicología individual) y 2.- culturales (Psicología social, Sociología, Economía, Ciencias Políticas, Historia material, Historia de las ideas)
las ciencias humanas sociales. a) Ciencias que establecen leyes: antropología, psicología, lingüística, economía y política, demografía y cibernética, lógica y epistemología científica. b) Ciencias que interpretan el pasado: historia, filología, crítica literaria, paleontología. c) Ciencias que establecen normas: derecho, política, legislación. d) Ciencias filosóficas: metafísica, teoría del conocimiento general, antropología filosófica, axiología, ética, filosofía de la religión, sociología.
Answer:
Explanation:
The journal entries are shown below:
On July 15:
Purchase A/c Dr $89,180
To Accounts payable $89,180
(Being purchase of goods are made on credit with discount)
The computation of the purchase of tires after applying the discount is shown below:
= Number of tires × price per tire - discount rate
= 2,600 tires × $35 - 2%
= $91,000 - $1,820
= $89,180
On July 23:
Account payable A/c Dr $89,180
To Cash A/c $89,180
(Being payment is made)
On August 15:
Account payable A/c Dr $89,180
Interest expense A/c Dr $1,820
To Cash A/c $91,000
(Being payment is made on late interval)
