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Taya2010 [7]
3 years ago
11

If there is a time limitation or any other restriction in a contract, a third-party beneficiary:

Business
1 answer:
Fudgin [204]3 years ago
8 0
If there is a time limitation or any other restriction in a contract, a third-party beneficiary C. IS BOUND THEREBY.

When the contract shows a clear intent of having a third person benefit from it, the third party beneficiary has the right to sue in case of breach of contract. 

A third party beneficiary is also subject to the limitations or restrictions found in the contract. He or she loses all the rights bestowed in the contract if said contract is terminated by the law or has the reserved right to change beneficiaries and said right is executed.
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Arundel Company uses percentage of sales to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts
oksano4ka [1.4K]

Answer:

The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100

Explanation:

Providing allowance for doubtful debts

A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.

Calculations

<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>

Credit Sales × % of allowed provision

$805,000 × 2.0%

$16,100

<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>

<em>Hint : Open Allowance for Doubtful Debts T Account:</em>

<u>Credits :</u>

Opening Balances 4,000

Balancing Figure (Profit and Loss) 12,100

Totals 16,100

<u>Debit:</u>

Closing Balance 16,100

Totals 16,100

5 0
3 years ago
Read 2 more answers
uppose a Starbucks tall latte cost $4.00 in the United States, 5.00 euros in the euro area and $2.50 Australian dollars in Austr
max2010maxim [7]

Answer: Nether Australia or Europe

Explanation:

Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.

If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.

$4.00 in Euro is:                                                  $4.00 in Australian dollars is:

= 4 * 0.8                                                                 = 4 * 1.4

= €3.20                                                                 = $5.60

Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.

4 0
3 years ago
Which method for evaluating capital investment proposals reduces the present value of cash outflows from the present value of ca
Viktor [21]

Net Present value = Present value of Cash inflows - Present value of Cash outflow is the  method for evaluating capital investment proposals reduces the present value of cash outflows from the present value of cash inflows.

Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project. Net Present value is the result of calculations used to find the current value of a future stream of payments.

Net Present value accounts for the time value of money and can be used to compare the rates of return of different projects, or to compare a projected rate of return with the hurdle rate required to approve an investment.

The time value of money is represented in the Net Present value formula by the discount rate, which might be a hurdle rate for a project based on a company's cost of capital. No matter how the discount rate is determined, a negative Net Present value shows the expected rate of return will fall short of it, meaning the project will not create value.

Learn more about Net Present value here

brainly.com/question/14293955

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6 0
1 year ago
The three basic ideas included in the definition of the marketing concept are: customer satisfaction, a total company effort, an
Sliva [168]
That statement is false. <span>three basic ideas included in the definition of the marketing concept are: 
</span>- Customer satisfaction
- Total company effort
- Sales and Profit as objective

Eventually, the main objective of all type business is to obtain as much profit as possible. Huge sales don't necessarily result in a huge profit.

8 0
3 years ago
Britt is a member of an environmental activist organization and has helped organize peaceful protests on campus. She is deeply i
larisa [96]

Answer:

Rebel

Explanation:

Burton Clark and Martin Trow, the two sociologists described about the four types of college subcultures.

1) Collegiate

2) Academic

3) Vocational

4) Rebel

Britt has all the characteristics of Rebel subculture, that is being deeply involved with ideas from the classroom and wider society of art, literature, and politics. They are aggressive nonconformism, and find critical detachment from the college they attend and from its faculty like Britt consider her professors ideas as outdated.

8 0
3 years ago
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