Answer:
willful misrepresentation
Explanation:
Willful misrepresentation is an intentional act or misrepresentation of facts with an intent to deceive. It is an intentional action taken by one party, which constitutes a breach of representation with an intent or act to mislead the other party to whom such representation was made.
The above scenario is an example of wilful misrepresentation because the broker knew that the foundation of the house was faulty but willfully misrepresented fact by telling the buyer that the home's foundation was 'solid as rock'.
Answer: Option C
Explanation: In simple words, penetration pricing refers to pricing strategy in which an organisation initially sets the prices of its product as to create market share and to build a customer base.
After achieving a certain amount of word of mouth and awareness in the eyes of customers, organisation increases its price for a certain marginal profit.
In the given case, Bell star is doing the same functions as explained above. Hence we can conclude that company is using market penetration.
Explanation:
Subjective-Based on a person's opinions or feelings rather than facts.
Stimulus:Something that arouses feeling or thought
Proximity:The concept that people or messages that are close to one another belong to one another
Closure:The act or process of closing something
Perception:An impression about a person or thing based on experience gained through senses
Answer:
Explanation:
The journal entry is shown below:
On April 1
Franchise A/c Dr $180,000
To Cash A/c $18,0000
(Being the purchase of a franchise is recorded)
On December 31
Franchise Amortization Fee A/c Dr $13,500
To Franchise A/c $13,500
(Being the franchise amortization fee is recorded)
The computation is shown below:
= $180,000 ÷ 10 years × 9 months ÷ 12 months
= $13,500
