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Alja [10]
3 years ago
14

A salesclerk at Braybon's Department Store observed a customer remove a rin from a display case and put it in her purse. In most

states, Braybon's will be able to detain the customer for suspicion of shoplifting.True/false
Business
1 answer:
AnnZ [28]3 years ago
3 0

Answer:TRUE

Explanation: Shoplifting is a term used to describe the theft of materials or items in a store by concealing such item in either your personal bags,purse,pockets etc generally, Department stores usually have or make available item carriers which will help customers to collect and keep selected items which have been chosen. If a customer picks and conceals an item in her purse or bag or pocket it can detain the customer till the item is recovered or are charged to the Courts.

You might be interested in
what are examples of government legislation designed to protect the consumer? (choose every correct answer.)
Elanso [62]

Some examples of government legislation in the united states which is aimed at protecting consumers include the following.

  • Federal Food, Drug, and Cosmetic Act,
  • Fair Debt Collection Practices Act
  • the Fair Credit Reporting Act
  • Truth in Lending Act
  • Fair Credit Billing Act
  • The Gramm–Leach–Bliley Act
<h3 /><h3>How does Government protect Consumers?</h3>

Government provide legislation which helps in protecting consumers and their right.

 

 These legislation ensures that producers and manufacturers do not exploit the consumers for lack of options.

 The government does this by enacting laws that guarantees consumer protection thereby regulating the excesses in the market.

Learn more about consumer rights at brainly.com/question/27317480

#SPJ12

7 0
2 years ago
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system a
lions [1.4K]

Answer:

A Retail Store

Journal Entries:

Apr. 2: Debit Inventory $3,600

Credit Accounts Payable (Lyon Company) $3,600

To record the purchase of inventory on account; FOB Shipping point, credit terms of 2/15, n/60.

Apr. 3: Debit Freight-in $360

Credit Cash $360

To record the payment of freight with cash.

Apr. 4: Debit Accounts Payable (Lyon Company) $500

Credit Inventory $500

To record the return of inventory on account.

Apr. 17: Debit Accounts Payable (Lyon Company) $3,100

Credit Cash $3,038

Credit Cash Discounts $62

To record the payment of cash on account, with discount.

Apr. 18: Debit Inventory $6,500

Credit Accounts Payable (Frist Corp.) $6,500

To record the purchase of inventory on account; FOB destination, credit terms of 1/10, n/30.

Apr. 21: Debit Accounts Payable (Frist Corp.) $500

Credit Inventory $500

To record the allowance received.

Apr. 28: Debit Accounts Payable (Frist Corp.) $6,000

Credit Cash $5,940

Credit Cash Discounts $60

To record the payment of cash on account, with discount.

Explanation:

a) Data and Analysis:

Apr. 2: Inventory $3,600 Accounts Payable (Lyon Company) $3,600. FOB Shipping point, credit terms of 2/15, n/60.

Apr. 3: Freight-in $360 Cash $360

Apr. 4: Accounts Payable (Lyon Company) $500 Inventory $500

Apr. 17: Accounts Payable (Lyon Company) $3,100 Cash $3,038 Cash Discounts $62

Apr. 18: Inventory $6,500 Accounts Payable (Frist Corp.) $6,500. FOB destination, credit terms of 1/10, n/30.

Apr. 21: Accounts Payable (Frist Corp.) $500 Inventory $500

Apr. 28: Accounts Payable (Frist Corp.) $6,000 Cash $5,940 Cash Discounts $60

7 0
3 years ago
What time peropd allows an insured's life insurance policy to remain in force even if the premium was not paid on tje due dates?
Maru [420]

Grace period allows an insured's life insurance policy to remain in force even if the premium was not paid on the due date.

<h3>What is grace period?</h3>

A life insurance policy won't lapse during the grace period even though a payment is past due after a missed insurance premium is due. Every state in the US requires the grace period, a highly helpful provision, to be included in every life insurance policy. Depending on the rules of each state, the minimum grace period is from 28 to 31 days; however, some businesses may grant extended grace periods.

When the required number of days have gone, the grace period formally ends at the close of business on the day the missing premium payment is due. The grace period in a whole life, universal life, or variable universal life policy would only be applicable if the premium payment was past due and there was no cash value left in the policy. It is unlikely that a policy will enter "grace period status" if a premium payment is missed if cash value is still present as long as it may be utilised to pay the premium or at the very least draw a loan to pay the premium.

To learn more about grace period, visit:

brainly.com/question/27961437

#SPJ4

7 0
2 years ago
Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they we
s344n2d4d5 [400]

Answer:

The correct answer is 3.

Explanation:

Giving the following information:

Your coin collection contains fifty-four 1941 silver dollars. These coins have appreciated at a 10 percent annual rate.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

i= 0.10

PV= 54

n= 2060 - 1942= 119

FV= 54*1.10^119= 4,551,172.47

6 0
4 years ago
Edmund would like to buy stock. What should he do? A) He should visit the stock market, open an account, and purchase stock B)He
Igoryamba
D) He should choose a broker, open an account, deposit money, and communicate with the broker what stock he wants to buy.

8 0
3 years ago
Read 2 more answers
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