Answer: Harvey company will record the equipment at $14,700 is its books.
We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.
We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.
In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.
Answer: diffusion of innovation
Explanation: Diffusion refers to the spreading of something widely and aggressively and innovation refers to the generation of a new idea or method.
Thus, the role played by the salespeople regarding the distribution of knowledge in the society is the distributor of information.
Thus, we can conclude that salespeople help with diffusion of innovation.
Letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit, is called Transferable Letter of Credit
.
Explanation:
Transferable Letter of Credit is a credit document in which the party can transfer the credit in full or partial to another beneficiary.
A transferable credit letter that enables a receiver to further pass all or part of the payment to another supplier in the chain or to some other receiver. This usually occurs when the recipient is merely a conduit to the actual supplier. Such LC allows the beneficiary to have their records, but to further pass the credit.
Answer: Cultural relativism
Explanation:
The cultural relativism is one of the concept that helps in understanding the different types of values, morals and beliefs of the person on the basis of their culture.
The cultural relativism is important as it helps in understanding the different viewpoints of the person by using the specific methodology.
According to the given question, the Article 23 is basically describe about the universal human rights and the various types of common practices in the contract to the cultural relativism in which the individual person has their own perspective and the pint of views.
Therefore, Cultural relativism is the correct answer.
4 years of undergraduate school ,
3 years of law school ,
aba (american bar association) , &
jd degree ( juris doctor) for most but not all states
