Answer:B. Teddy's agreement with Andrea and Cami, only.
Explanation:
Consideration is anything of value that moves from both parties to a contract, it must equally be specific and devoid of ambiguity.
The agreement with Andrea and Camil both meet these requirements. However the agreement with Lorne is not devoid of ambiguity because we are not sure of the amount of his consideration.
A trade discount<span> is the amount or percentage which a manufacturer deducts from the retail or advertised price of a product when it sells to a reseller or end customer. <span>When Brenda bought a total of five computers for $3,300, a trade discount of 20% was already deducted. So in this particular question”what did Brenda pay for the computers? $2,640 $2,460 $2,440 $3,750 none of these” the answer is none of these. She paid the amount of $3,300.</span></span>
Answer:
I have experienced three poor customer service as a customer. They are (A) Use of negative language (B) Unresolved Complaint (C) Unfulfilled promise.
Explanation:
To start with the use of negative language, I was once on a call with the customer service of my Pay-TV over issues of channels not being accessible even when I had an active subscription. The manner which the customer care representative responded to me gave the impression that it was an issue they might likely not have a solution to because she wasn't assuring me of a possible way out.
Also, I have once put across to my web hosting company over issues of persistent downtime. They told me it had been resolved but the reverse was the case. I had to place several calls before they finally got my website live again.
Last but definitely not the least, my internet provider promised to refund my money for a failed data subscription but they never did even when I had made it clear that I was no longer interested in their service.
Answer:
d. the service is performed
Explanation:
According to the revenue recognition principle, the revenue is recognized when it is earned or realized not when the cash is received. It is based on the accrual basis of accounting. It does not depend upon the cash.
In other words, whether cash is received or not but the revenue is recognized on the books when the service is performed.
No significant interest equity investment
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Explanation:</u></h3>
A technique used in accounting by a firm for the purpose of recording the profits that are obtained from its investments made on other company refers to an equity method. This investment is an equity investment. The profits that are obtained for the investments made by a firm is reported by the company to the firm that made the investment.
In the scenario given, Intervale Railway y is considering investing in Pale Co. stock for three months which is only 5% of the voting stock of Pale Co. For considering it to be a significant investor, more than 20% and less than 50% of the voting stock must be held by the firm. The firm is holding 5% of the voting stock and hence the investment is considered to be No significant interest equity investment.
