Answer:
See explanation section.
Explanation:
December 31, 2017
Bad debt expense Debit = $17,600
Allowance for Doubtful Account Credit = $17,600
To record the bad debt expense
Calculation: Bad debt expense = $250,000 × 8% = $20,000. However, we cannot take this amount because Allowance for Doubtful Account is a positive contra entry, which has a $2,400 credit balance. Therefore, we have to deduct $2,400 from $20,000 to get the actual bad debt expense.
Answer:
If the offer is rejected by the Dall then the offer is no more in place. The particular reason is that Martin is not required to tell Dall that the offer is no more in place. Suppose Martin is wishing to close his offer and till now Dall has not declined the offer. So Martin will have to communicate Dall that the offer is been closed. If Dall has communicated Martin that he has rejected the offer, then this means the offer essence has vanished. Hence Martin has no liability towards Dall, if Dall sues him.
Answer:
Option E.
Explanation:
In free trade, a country with a comparative advantage in a good produces that good in the long-term. Therefore, if these people are working in an industry in which it has a higher opportunity cost i.e. it does not have a comparative advantage; they will eventually see job loss or fall in income or both. On other hand, when they purchase goods which has lower opportunity costs in foreign, they get access to these at a lower price and can purchase a higher quantity. So, these people are both harmed and benefitted by free trade.
According to the tort doctrine of <u>respondeat superior</u> , any time an employee is liable for tortious acts in the scope of employment,
<h3>What is tortious acts?</h3>
Tortious acts is an act that occur when a person is harm as a result of another action which inturn lead to legal liability for the person who committed the act.
Hence, Respondeat superior stated that an when an employee is liable for committing tortious acts the employer is as well liable for the same act.
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The correct answer is D. The annual premium for the cheapest policy is $6,644.
A life insurance policy can pay out in the event of the insured's death, whether or not before a specific date, or if the insured is alive on a specific date.
A life insurance policy can also be a mixture of both, in that case it pays out both when you are alive and when you die earlier. Finally, a life insurance policy can provide a periodic payment as long as the insured person is alive or precisely from the moment the insured person dies.
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