All categories

3 years ago

In a contingent contract

Business

1 answer:

Korvikt [17]3 years ago

7 0

Answer:

C. the payoffs are dependent upon another variable, such as revenue or profit.

Explanation:

Contingent contracts are one of the types of contracts in which the promisor offers the responsibility only when the distinct conditions are satisfied. It works on the occurrence or non-occurance of the specific event. It relies on the happening of an unpredictable event. The contingent contract becomes void in the case when the happening of the event grows impossible.

You might be interested in

Alvin's Transport has total credit sales for the year of $182,000 and estimates that 3% of its credit sales will be uncollectibl

goldfiish [28.3K]

Answer:

S/n Account Title and Explanation Debit Credit

a. Bad Debt Expense $5,460

($182,000 sales x 3%)

Allowance for Doubtful Accounts $5,460

(To record bad debt expense)

b. Bad Debt Expense $5,460

($182,000 sales x 3%)

Allowance for Doubtful Accounts $5,460

(To record bad debt expense)

4 0

3 years ago

True or False: With the export subsidy, domestic producers will sell steel to domestic consumers and sell the rest abroad.

Bess [88]

The answer to the question of whether the export subsidy would make domestic producers sell steel to domestic consumers and sell the rest abroad is:

False because the domestic producers would not want to sell at a lesser price than what they would have sold abroad.

<h3>What is Export Subsidy?</h3>

This refers to the government policy which is meant to discourage export of goods with the aim of regulating the economy which usually leads to the increase in the amount of customer surplus in the market.

With this in mind, we can see that the export subsidy has to do with the increase in domestic price whereby there is a higher cost for exports for producers.

Read more about export subsidy here:
brainly.com/question/7193712

4 0

2 years ago

Question 6 (10 points)

mafiozo [28]

The answer is decreases

3 0

3 years ago

Which of the following phrases might be useful in writing the purpose statement for your formal report? Check all that apply. Th

Elina [12.6K]

Answer:

The report is a text written in prose with the objective of informing a specific reader or readers about the specific events or activities. The purpose of the report is to inform. However, the reports may include persuasive elements, such as recommendations, suggestions or other conclusions that indicate possible future actions that the reader of the report could take. It must have the following characteristics:

-It must be an expository text.

-It must be an explanatory text.

-Its purpose is to give information on research results.

-You should focus on a specific topic.

-You must use an objective language.

-You must write in the third person.

-Its predominant structure is the enunciative.

-In this type of texts there is also an argumentative structure.

-In these reports the descriptive structure appears because facts are described.

Explanation:

6 0

3 years ago

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances

denis23 [38]

Answer:

Explanation:

The adjusting entries are shown below:

1. Supplies Expense A/c Dr $3,000 ($2,000 + $4,500 - $3,500)

To Supplies A/c $3,000

(Being supplies purchased)

2. Insurance Expense A/c Dr $2,000

To Prepaid Insurance A/c $2,000

(Being prepaid insurance adjusted)

3. Salary expense A/c Dr $16,000

To salary payable A/c $16,000

(Being salary adjusted)

4. Unearned revenue A/c Dr $1,500

To Service revenue A/c $1,500

(Being unearned revenue adjusted)

7 0

3 years ago