Answer:
The correct answer is letter "D": You are formally accepting a loan and agree to pay it back in accordance to the terms that are outlined for that loan.
Explanation:
A Promissory Note is a written promise made by one party to pay a specified sum of money to another party, either on-demand or at a specified future date. It is commonly used as a means of short-term financing in businesses. For example, when a company has solved many products but not yet collected payments for them, it may become low on cash and unable to pay its own creditors with the case. In such a case, it may ask its creditors to accept a promissory note that can be exchanged for cash at a future time after it collects its account receivables.
Answer:
A) Ian's discovery of an injury caused by the opener
Explanation:
The statute of limitations for product liability sets the maximum time that the buyer has to present a legal claim against a manufacturer from the date that an injury happened. In this case, the statute of limitations is set at four years, so that means that Ian has four years after he (or someone else) suffered an injury when they were suing the garage opener.
The complete question is:
When a magazine company collects cash for selling a subscription, it is an example of:
1. A deferred revenue transaction
2. An accrued receivable transaction
3. A prepaid expense transaction
4. An accrued liability transaction
Answer:
A deferred revenue transaction.
Explanation:
In this scenario the magazine company has collected cash for a subscription. Subscriptions are payments that are made to gain access to a certain service. Take for example if a subscription has to be paid to a company to access their website for information. The cash has been collected but service is to be provided in the future. When service is not yet provided and payment is collected it is referred to as deferred revenue.
This is because the service has not yet been performed so revenue is not yet earned. When service is provided then the revenue is recognised.
Answer:
Electronic-discussion channel
Explanation:
Since the various arms involved in the development of the reference book are country apart, the best way fro every to communicate is through and electronic channel because it is very cost saving considering the fact that the project is under a tight budget.
An electronic-discussion channel could be through electronic messaging apps or any other channels which gives each party involved the means to contribute at the same time and help communicate the progress or lack of it in the development of the reference book.
cheers.
Answer: Area preference.
Explanation:
According to the question although the initial value of both Allen and Lewis property were similar, the siting of Lewis' condo makes it more valuable than Allen's, because it is closer to the city center. Therefore the economic characteristic at play in the question is that of area of preference, that's what separate the value of both properties.
