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4 years ago

What is not part of all contracts?

2 answers:

6 0

Premium is not included in all contracts.
Offer is very important, time requirements is also a must in a contract, consideration is also stated in the contracts, but premium is not included in the contract.

LuckyWell [14K]4 years ago

4 0

I believe the answer is: C. premiums

Premium refers to the amount of payment made by the insured periodically in order to ensure that the contract is still active. Even though this is a formal obligation for the insured, the numbers of premium usually provided in a different document outside the contract.

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In Sid's Surf Shop, there is a 10-foot long surf board on legs with swimwear on it near the entrance to the department where sur

shtirl [24]

Answer: Free Standing display Unit.

Explanation:

Free standing display units( FSDU), also known as Floor Standing Display Units are cost effective ways used to showcase a product, they are noticeable ways of advertising by placing a brand in such a manner or position that will be most attractive to customers or target customers. Such brands are specifically placed in customer's way, FSDU are special customized display units that can be easily made from cardboards or other materials which can be formex stands.

3 0

3 years ago

Scrooge, Inc. prepares adjusting entries only at the end of its fiscal year, August 31. Scrooge has the following unadjusted acc

o-na [289]

Answer:

$6,100

Explanation:

The computation of the net income is shown below:

= Service revenue in trial balance + ( unearned revenue × given percentage) - (rent expense in trial balance) + ( Prepaid rent × 2 months ÷ 12 months) - (wages expense in trial balance + adjusted trial balance)

= $5,000 + ($4,000 × 80%) - ($800 + $3,600 × 2 months ÷ 12 months - ($600 + $100)

= $5,000 + $3,200 - $1,400 - $700

= $6,100

4 0

3 years ago

On November 1, 2018, Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61. The bonds carry a stated rat

Evgen [1.6K]

Answer:

Nov 1 2018

Dr Bonds receivable 700,000

Cr Cash 67,3618.61

Cr Discount on bonds receivable 26,381.39

April 3 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

Dr Interest revenue 37,059.02

Oct 31, 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

Cr Interest revenue 37,059.02

Nov 1, 2019

Dr Cash 700,000

Dr Discount on bonds receivable 22,283.25

Cr Notes receivable 700,000

Cr Profit on sale bonds receivable 22,283.25

Explanation:

Preparation of the journal entries to record the following:

Purchase of the bonds

Interest receipts on April 30, 2019 and October 31, 2019

Sale of the bonds.

Journal entries

Nov 1 2018

Dr Bonds receivable 700,000

Cr Cash 67,3618.61

Cr Discount on bonds receivable 26,381.39

(700,000-67,3618.61)

(To record Purchase of bonds)

April 30 2019

Dr Cash 35,000

(700,000*10%*6/12)

Dr Discount on bonds receivable 2,049.02

(37,059.02-35,000)

Dr Interest revenue 37,059.02

(673,618.61*11%*6/12)

(To record Interest receipts)

Oct 31, 2019

Dr Cash 35,000

Dr Discount on bonds receivable 2,049.02

(37,059.02-35,000)

Cr Interest revenue 37,059.02

(673,618.61*11%*6/12)

(To record Interest receipts)

Nov 1, 2019

Dr Cash 700,000

Dr Discount on bonds receivable 22,283.25

($26,381.39-$2,049.02-$2,049.02)

Cr Notes receivable 700,000

Cr Profit on sale bonds receivable 22,283.25

(To record Sale of the bonds)

8 0

3 years ago

Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn

solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

All are non-manufacturing business which are as follows,

An auto body shop.
A furniture repair shop.
A laboratory that tests water samples for lead A tailoring shop.
A beauty shop.
Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
Non-manufacturing costs includes,
selling expenses
general expenses
Selling Expenses
It is also called as selling and distribution expenses.
Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.

7 0

4 years ago

Which pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are co

netineya [11]

Decoy pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive.

<h3><u></u></h3><h3><u>What is decoy pricing?</u></h3>

A price strategy called decoy pricing aims to "push" customers to make a decision. Customers sometimes have to choose between products with varying costs and features while making purchases. And when a business seeks to increase sales of a certain product, it frequently chooses what is known as a decoy pricing structure to sway the consumer's choice. In this instance, the "decoy" is either a product with a slightly cheaper price but much worse quality, or a product with a significantly higher price but slightly greater quality.

The attraction effect and the compromise effect are the two distinct effects on which the decoy pricing strategy is predicated.

<u></u>

Learn more about pricing tactics with the help of the given link:

brainly.com/question/25716956?referrer=searchResults

#SPJ4

8 0

2 years ago