Seasonal discounts
A seasonal discount is a discount which is offered at
particular seasons or on seasonal goods. The seasonal discount being offered on
products and services is being done in order to lure the customers to buy their
offering. For example, there are discounts on products like automobiles,
electronics etc. which are offered during festive seasons like Diwali, New year
etc.
Answer:
overstate net income but days to collect will increase.
Explanation:
A bad debt expense is defined when any receivable is no more collectible as the customer is not able to fulfil or satisfy the obligation in order to pay the obligation of paying an outstanding debt because of some financial problems or due to bankruptcy.
Thus when any organization is more optimistic about the debt collection, it will understate the bad debt expenses and will also overstate the net income. But in this case the number of days to collect the payment increases.
Answer:
Explanation:
Cash book balance = $2,620
Adjustment
Less:
Bank service charge. $85
Add:
NSF check not recorded. $350
Customer note receivable. $1,000
Interest earned $35
New Balance. $3,920
Answer:
D) The Agency Problem
Explanation:
The agency problem refers to a conflict of interests between the principal and his/her agent. Agents have a fiduciary duty to act on the best interest of their principal, but sometimes agents place their own personal interest before the interests of their principal.
in this case, the brokers should act on behalf of their clients to make them earn the largest possible profits, but instead they focus on convincing them about transactions that increased the broker's profit and not the clients'.
Answer:
because they must think they hot or something idk
Explanation: