Answer:
.C) The sum of the debits will exceed the sum of the credits by $230
Explanation:
Double Entry Accounting require that a debit entry must have an equal credit entry to make the entry / Trail balance balanced.
The entry that should be recorded.
Dr. Office Supplies $290
Cr. Cash $290
The entry that have been recorded.
Dr. Office Supplies $520
Cr. Cash $290
The office supplies account is overstated by $230 ( $520-$290). This is an debit nature account and the so, the debit side is exceeded by $230.
If the buyer and seller have not reached a resolution on inspection issues by the Inspection Resolution Deadline the contract will terminate: on the expiration of the resolution deadline.
<h3>What is the contract of sale of goods?</h3>
(1) There may be a contract of sale between two co-owners in which the seller transfers, or agrees to transfer, the property in the products to the buyer in exchange for a monetary sum known as the "price." (2) A selling agreement may be either unconditional or conditional.
<h3>How is contract of sale made answer?</h3>
A contract of sale may be made verbally, in writing, partially verbally and in writing, or it may be implied from the behavior of the parties, according to the provisions of any legislation currently in effect.
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Answer:
Explanation:
A vending machine is a machine that provides items which includes snacks, beverages, lottery tickets etc to consumers after cash, or a credit card is inserted into the machine. In addition, they are usually automated.
Mail order houses on the other hand, are companies that sell or manage mail orders. They sell their products through mail and there usually is no direct contact between the seller abs the buyer.
Mail order houses eliminates the use of middlemen: this is one of the most important usefulness of mail order, eliminating the use of middlemen thereby saving both the buyer and seller whatever they should have parted with for the middleman.
Bad debt is non existent: Mail order houses do not give out credit to customers, and as such, bad debts never come into the scenario.
Convenience: Mail orders typically deliver to the doorstep of customers. This is very convenient for the customers.
Products handled by mail order include;
Office supplies
Jewelry
Computer hardware
Beauty products
Products handled by vending machines include;
Beverages
Snacks
Lottery tickets
Cigarettes
Answer:
The main danger that could pose to predicting the number of new subscriptions for a month in which 2,000 hours were spent on telemarketing would be not to consider the cost of said hours of telemarketing when considering the benefits obtained through the new subscriptions.
Thus, if the economic benefits resulting from the subscriptions were considered without subtracting the cost of the telemarketing hours, the accounting of the company's gross profits would be incorrectly recorded, incurring an error that would generate a higher tax burden for the company.
