<span>One way of screening in the automobile insurance market is for companies to obtain and analyze personal information pertaining to the potential client. This enables the insurance company to "deter" risky potential clients or offset the risk itself by increasing premium pricing.</span>
Answer:
Yes
Explanation:
Based on the information provided within the question we can say that Yes, the dealership is contractually bound to sell Mike the car at that price. This is assuming that the ad handed to the dealership by Mike is an actual ad that was designed and published by the dealership. If this is the case the dealership must uphold their price or it will be considered false advertisement and Mike would have a basis on which to sue the business.
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Answer:
c. $4,000
Explanation:
Depreciation expense is the appropriate portion of a company's fixed asset's cost that is being used up during accounting period. Under straight-line method, depreciation expense is calculated by formula:
Straight-Line Depreciation Expense = (Cost − Residual Value)
/Useful Life of the Asset
For year 2, depreciation expense = ($25,000-$5,000)/5 = $4,000
Noted:
Depreciation Expense is different from Accumulated depreciation. Accumulated depreciation is the total amount of depreciation expense for an fixed asset that is recorded on the balance sheet. In this situation, the Accumulated depreciation after 2 years is:
Depreciation expense in year 1 + Depreciation expense in year 2 = $8,000
Answer:
<em>1. Washburn is not required to make any accounting adjustments.</em>
Explanation:
<em>The treatment which will be appropriate for the accounting will be that the </em><em>Washburn will not require to make any accounting.</em>
Because Washburn has already spent lots of money in purchasing the new technology, and we can see that the company is using a straight-line basis. In straight-line basis, it comes from a division of the cost of asset's difference and its value that is been expected.
So if the company has used straight-line basis then the company has already calculated the amount and the company will not require to make any accounting.
Answer:The primary distinction is that state and local courts are authorized to hear cases involving the laws and citizens of their state or city, while federal courts decide lawsuits between citizens of different states, cases against the United States, and cases involving specific federal laws.
Explanation: