Answer:
Broker must obtain the signature of the seller to effect a contract.
 
        
             
        
        
        
Answer:
exports as demand in all countries substantially rises.
 
        
             
        
        
        
Answer: Return on sales is calculated based on sales volume and not profit
Explanation:
This can be explained by understanding the scenario; the price that discounters pay is lower than any other channel. Discounters have high variable cost, they only pay $52 for the Russel with 41percent return on sales. They also larger fixed costs than the other channels and the return on sales is calculated based on sales volume and not profit.
 
        
             
        
        
        
Answer:
Debit Insurance expense    $10,000
Credit Prepaid Insurance    $10,000
Being entries to recognize insurance expense for the period (August to December).
Explanation:
Given;
Insurance policy was purchased on July 10 to run for 3 years.
Cost of policy = $72,000
Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)
Monthly depreciation = $72,000/(3 × 12)
                                     = $2,000
Total amortization between August and December = 5 × $2,000
                                                                                       = $10,000
Journal entries
Debit Insurance expense    $10,000
Credit Prepaid Insurance    $10,000
Being entries to recognize insurance expense for the period (August to December).
 
        
             
        
        
        
Answer:
There will be an increase of $6,200 , If the special order is accepted
Explanation:
For computing the net income effect first we have to find out the net income per scale which is a difference between offer purchase price and variable cost per unit
In mathematically, 
Net income = Offer purchase price - variable cost per unit 
where, 
Offer purchase price is $35 
And, the variable cost is $12 per unit plus it incur special shipping charges which is also a part of the variable cost.
So, total variable cost = variable cost per unit + Special shipping charges per scale
=  $12 + $1
= $13
So, Net income is 
= $15 - $13
= $2 per unit 
Now for producing the 3100 scales, the net income should be multiply with the production unit
= Net income × Production unit
= 3,100 × 2
= $6,200
Fixed cost is fixed whether the production level changes or not. Thus, it is not be considered. 
Hence, there will be an increase of $6,200 , If the special order is accepted