The answer to this question is Simple;informal
Simple contracts usually will be used if the transaction happens in small scale (it held small amount of value)
Which means that both parties either believe in one another or they simply do not care enough about the contract to care about the legal precautions.
Answer:
Dr Cash 1020
Cr Service revenue 1000
Cr Service fee 20
Explanation:
Service fee is expense of individual who is purchasing not store's expense.
- Total cash received by store is $ 1020 because 2% is service charges by master card,its is income of master card not store so store will treat as liability.
The only revenue of store is $1000.
Answer:
Personal elaboration
Explanation:
Personal elaboration is the simplest and important form of recall memory. In this process, the consumer can recall the deepest comprehension and then there is the greatest chance to recall accurately.
Different strategies play a great part in this process.
- To describe the place in details
- Use very specific words
- Show taste, smell, feeling, smell.
- To show the comparison between two similar things
- To use the exact words from another person
- To describe something movement about objects
- Show the feeling that how something has happened
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Quickly or easily duplicated by other companies
