The advertisement does not constitute an offer because it lacks:
- Serious intention.
- Clear and reasonable defined terms.
- Communication to the recipient.
An offer is an economic term that refers to that property that is willing to be sold for a price. There are also other types of offers that are related to coupons or discounts for consumers to obtain a reward for their loyalty to a brand.
An offer must have three basic components to be considered true, these must be:
- Serious intention: This refers to the fact that whoever offers must make the offer in a formal, real and true way
- Clear and reasonable defined terms: This refers to the fact that whoever offers must establish the terms and conditions clearly and completely for consumers to access them.
- Communication to the recipient: This refers to the fact that whoever offers must communicate to the consumer through advertising or official communications the information necessary to complete a transaction.
Based on the above, it can be inferred that Pepsi did not make a true offer with its ad because the part in which a young man appears on a Harrier airplane had a humorous tone, this does not show Pepsi's intention to offer this service.
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Answer:
a. True
Explanation:
In case when the cash is received from the sale, so here the total assets is increased i.e. rise in current assets that is cash account and the stockholder equity is also increased as the revenue is also increased which ultimately increased the equity
The journal entry is
Cash Dr XXXXX
To Sales revenue XXXXX
(Being cash is received is recorded)
hence, the given statement is true
According to follett, in a compromise neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too. Through its subsidiaries, the Westchester, Illinois-based Follett Corporation offers a range of educational products to schools, colleges, and public libraries.
The Charles M. Barnes established a secondhand bookshop in his Wheaton, Illinois, home in 1873, and that is how Follett Corporation was born. Three years later, Barnes relocated his company to Chicago and changed its name to C. M. Barnes & Company before setting up shop at 23 the LaSalle Street.
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Answer:
a, Journal Entries to record transactions
Account Titles Debit Credit
Cash $5,412.36
Cash Short and Over $0.71
($5,413.07 - $5,412.36)
Sales $5,413.07
The actual cash in cash register is debited to cash account and cash receipts per cash register tally is credited to sales account and the balancing figure is debited or credited to Cash short and over account.
b. Journal Entries to record transactions
Account Titles Debit Credit
Cash $3,712.95
Cash Short and Over $0.79
(3,712.95 - 3,712.16)
Sales $3,712.16
Answer:
The process by which a domestic company sells its already sold on its donestic exchange on a foreign stock exchange is called
Explanation:
the answer is letter D. cross-listing
