Answer:
C: Mutual Assent.
Explanation:
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.
<em>In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties. </em>
Answer:
Trade-in allowance
Explanation:
A trade-in allowance is a type of discount in which the price of a good is reduced by the value of a another good that the buyer gives to the seller.
In this question, we have a trade-in-allowance because buyers give a product (a used vacuum cleaner) valued at $100 in exchange for a discount by the same amount of the total price of the new vacuum that they want to buy.
Answer:
True
Explanation:
It is responsibility and duty of leaders to know about all circumstances and situations , Leaders needs to plan before any bad things happen to Company. If he did not do such thing , may be failure outcome happen.
Answer:
$19,380
Explanation:
The computation of the net sales for the two months is shown below:
= Sale value of merchandise as on July 12 + Sale value of merchandise as on June 15 + Sale value of merchandise as on July 20 - sales discounts from July 15 sale
= $3,500 + $10,500 + $5,800 - $10,500 × 4%
= $3,500 + $10,500 + $5,800 - $420
= $19,380
Since the payment is collected on June 23 i.e within 10 days so it is eligible for sales discounts
And from July 20 sale no sales discounts is eligible as it is exceeded than 10 days
Answer:
C. Debt Service Fund.
Explanation:
Dept service funds can be described as monies or reserves which are been used to pay for capitals, interest and certain dept that have accrued by the company and it can cover for any other form of dept owed by the company.
It's existence is put in place to reduce the risk of a debt security for future investors. This can be paid out monthly mid-monthly, quarterly or possibly yearly.
This why the tax on general obligation bonds that has been put upon Downtown city to finance the hall has it receipts in place at the dept service fund office.