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3 years ago

Which of the following statements is CORRECT regarding deciding whether an alcohol sale is legal?

Business

2 answers:

Rama09 [41]3 years ago

7 0

Answer:

The correct answer is "If a person looks like a minor, they likely are a minor".

Explanation:

In deciding whether a sale of alcohol is legal, it is best to be guided by whether a person appears to be underage, is likely to be underage. This is because it is better to refuse to sell alcohol to an older person who looks physically younger than to sell alcohol to a younger person who looks older. Physical signs are not a reliable guide.

Have a nice day!

rjkz [21]3 years ago

4 0

Answer: D)

Explanation: These are statements that are missing.

A. IF a person looks over 21, they likely are.

B. Few minors have physical characteristics of an adult.

C. if a person looks like a minor, they likely are a minor.

D. signs of physical maturity are a reliable guide.

If the person is having looks like they are 21 year old, physical characteristics or looking like a minor but not having an ID card that is showing that they are having physical maturity, 21 years or more, they cannot buy an alcohol because that is against the law and the law is referring to that everyone who is buying it has to be at least 21 years old.

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Equipment costing $276000 was destroyed when it caught on fire. At the date of the fire, the accumulated depreciation on the equ

Oksanka [162]

Answer:

a). The credit to the equipment account=$173,000

b). Credit to the accumulated depreciation account for $103,000

c). gain on disposal=$152,000

Explanation:

a). The formula for the book value of the equipment when it caught fire can be expressed as;

Book value=Acquisition cost-accumulated depreciation

where;

acquisition cost=$276,000

accumulated depreciation=$103,000

replacing;

Book value=(276,000-103,000)=$173,000

The credit to the equipment account=$173,000

b). Credit to the accumulated depreciation account for $103,000

c). The formula for calculating the gain from disposal is;

gain on disposal=insurance check-book value

where;

insurance check=$325,000

book value=173,000

replacing;

gain on disposal=325,000-173,000=$152,000

4 0

3 years ago

Mr. Smith believes that there is going to be rise in the equities market. Based on this information, what would allow Mr. Smith

White raven [17]

Answer:

The answer is 'Buy a Stock Index Future'

Explanation:

To take best advantage of this situation, Mr Smith should go long(buy) on this stock.

Stock Index Future js a method of derivates. Futures, like forward contract is a forward commitment which obligates the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price. Future is used to hedge against worse future situations.

7 0

4 years ago

_____ is an approach to personal selling that assumes that the buying process for most buyers is essentially identical and that

Setler [38]

Answer:

Mental states selling

Explanation:

Mental states selling, or the formula approach to personal selling, assumes that the buying process for most buyers is essentially identical and that buyers can be led through certain mental states, or steps, in the buying process. Relies on a structured sales presentation just like the stimulus response. These mental states includes (AIDS) attention, interest, desire, and action

3 0

4 years ago

Roro, Inc. paid $7,200 to renew its only insurance policy for three years on March 1, Year 5, the effective date of the policy.

max2010maxim [7]

Answer:

Insurance expense amount is $500

Prepaid insurance amount is $7,000

Explanation:

The prepaid insurance amounts to $300, on March 31, before the adjustment, that represents the remaining portion of the policy before the renewal. And this amount must have expired by the March 31, as there is only a single insurance policy and which will be renewed on March 1.

The $300 is involves in the insurance expense for the 3 months that ended on March 31, and in addition, 1 month coverage is there.

Therefore, amount of $200 ($7,200/ 36 months), which is involves in the insurance expense for the 3 months. In aggregate $500 of the insurance expense is acknowledged.

Prepaid insurance left out balance on March 31, is $7,000 ($7,200 - $200).

5 0

3 years ago

Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected usef

stich3 [128]

Double-declining-balance rate:

By straight-line method, annual depreciation expenses = (85,000-5,000)/5 = $16,000

Rate of depreciation = 16000/(85,000-5,000) = 0.2 = 20%

Then, double-declining-balance rate = 2*Straight-line rate = 2*20 = 40%

From 2nd January 2017 to 31st December 2018 can be approximated as 1 year.
Therefore,
Depreciation expense in yr 1 = 40/100 * 85,000 = $34,000

And,
Book value at December 31 2018 = $85,000 - $34,000 = $51,000

It can be seen that the correct answer is b.

3 0

4 years ago