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Ad libitum [116K]
3 years ago
9

Kelly's Kitchen, a popular chain of fast food restaurants, offers a kids' meal pack free with every purchase of its newly introd

uced luxury meal pack. This is an example of a:____________.
Business
1 answer:
aleksandr82 [10.1K]3 years ago
5 0

Answer:

Premium

Explanation:

Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.

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4 years ago
On January 1, ABC sold $30,000 in products to a customer on account. Then on January 10, ABC collected the cash on that account.
____ [38]

Answer:

Collection of Cash on January 10

The Impact on ABC's accounting equation:

The Assets (Cash) will increase by $30,000 and another type of Assets (Accounts Receivable) will decrease by $30,000.

The collection of cash on January 10 does not affect the other side of the accounting equation.

Explanation:

The accounting equation shows that for every transaction, the Assets will be equal to the Liabilities + Owners' Equity.  The explanation is that the financial resources which an entity owns actually belong to either creditors or equity owners in the form of financial obligations (liabilities) or contributed capital plus some parts of the net income over the years which the entity has reinvested in its business.

The accounting equation is the fulcrum of the double-entry accounting system.  On a company's balance sheet, the accounting equation shows that assets equal the sum of the company's liabilities and shareholders' equity.

7 0
3 years ago
Alan wins a $50,000 judgment against Henderson. But Henderson refuses to pay the amount of the judgment to Alan. To counter Hend
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Answer:

C) writ of execution

Explanation:

Writ of execution is a judicial order that a judgement be enforced.

3 0
3 years ago
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Answer:

Beneficiary

Explanation:

The person who gets the benefit in return for the trust is called the beneficiary.  

Under this process, one person can make a profit due to the trust of the other person.

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So, Martin's son Nathan will be called the beneficiary.

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3 years ago
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Explanation:

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3 years ago
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