Answer: market development
Explanation: In simple words,market development refers to the strategy in which a firm tries to cover new market or increase its sales in the existing market through promotion or product development etc.
These strategies are usually used by the multinational corporations that are going to start their business in some new foreign country.
Hence from the above we can conclude that the correct option is B.
Answer:
B. Cash 58,800 Accounts Receivable 58,800
Explanation:
Sale of 100 printers to Office Rental Company at $600 each and offered a 2% discount for payment within 10 days
Is Recorded as
Trade Receivable $ 58,000 (debit)
Revenue $58,000 (credit)
Being Recognition of an Asset - Trade Receivable and Recognition of Revenue less sales discount
On payment of full payment transaction is recorded as
Cash $ 58,000 (debit)
Trade Receivable $58,000 (credit)
Being De-recognition of Asset - Trade Receivable and Recognition of Revenue
Answer:
Option (c) $7,672
Explanation:
Data provided in the question:
Investment amount i.e principle = $9,875
Interest rate,r = 4.8%
Time, t = 12 years
Now,
Future value = Principle ×
n = number of times compounded per year
Future value =
Future value =
Future value =
Future value = $17,546.55
Also,
Future value = Principle + Interest
Therefore,
$17,546.55 = $9,875 + Interest
or
Interest = $17,546.55 - $9,875
= 7671.55 ≈ $7,672
Hence,
Option (c) $7,672
Answer:
Yes
All agreement are contract, but not all agreement are contract.
Explanation:
All agreement are contract, but not all agreement are contract. If an agreement fails to create legal obligation, then it cannot become a contract.
An agreement is created when there is a mutual understanding between parties. It can either be have a legal backing or not.
A contract is a written or express legally binding agreement between parties to perform a task or obligation.
For an agreement to become a contract, it must be legally binding between the parties. Just as in the case of (CARLILL V CARBOLIC SMOKE BALL CO (1893). It was held that no contract existed between the parties because the agreement is not enforceable under the law.
