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3 years ago

Which professionals do not need to be licensed to engage in legal and enforceable contracts?

1 answer:

6 0

An attorney does not have to be licensed in order to enter into contracts. While they may represent parties of a contract, may draft a contract, may facilitate and coordinate a contract as well as execute contracts on behalf of a party involved under their license, the license is not a requirement or restriction that has any influence on their ability to form a contractual agreement- only meeting other requirements such as legal age and mental capacity.

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Several artists in Charleston, South Carolina, show and sell their work in an art gallery downtown. The gallery is owned by an a

Elena L [17]

Answer:

Wholesaler

Explanation:

The distribution channel is defined or referred to as the overall or whole flow of the information as well as the goods and services from the original manufacturer to the final consumers. And the wholesaler is the one which is known as the distributor, acquire the goods from the manufacturer holds them in the distribution centre and then sells it to the retailers.

So, in this case, in the terms of channel of marketing, the gallery will be referred to as the wholesaler.

4 0

3 years ago

Which will you likely have to provide on college applications?

77julia77 [94]

Personal information :)

7 0

3 years ago

Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnershi

tensa zangetsu [6.8K]

Answer:

=$59,000.00

Explanation:

Original investments:

Xavier: $50,000.00

Yolanda $ 100,000.00

Allowances:

Xavier: $ 34,000.00

Yolanda : $ 26,000.00

Income at $120,000.00

Xavier allocation will be:

Calculating interest on the original investment

Xavier =20/100x $50,000.00 =$10,000.00

Yolanda=20/100 x$100,000.00 = $20,000.00

Total interest on original investments = $30,000.00

Total allowances = $34,000+$26000=$60,000.00

Shareable income= $120,000.00- ($30,000+$60,000)

= $30,000

each gets $15,000.00

Xavier will get $ 15,000 + $ 10,000 +$ 34,000

=$59,000.00

5 0

3 years ago

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,7

LenaWriter [7]

Answer:

$41,650

Explanation:

Contribution margin is the net of sales and variable costs.

Contribution Margin:

Division A = $47,700

Division B = $231,000 x 35% = $80,850

Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.

Total contribution margin = $47,700 + $80,850 = $128,550

Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses

$27,200 = $128,550 - $59,700 - Common Fixed expenses

$27,200 = $68,850 - Common Fixed expenses

Common Fixed expenses = $68,850 - $27,200 = $41,650

4 0

3 years ago

At December 3 2018, Waco Travel Agency has an Accounts Receivable balance of $93,000. Allowance for Uncollectible Accounts has a

Alexxandr [17]

Answer:

Waco Travel Agency

Journal entry

Date Account and explanation Debit Credit

Dec 31 Bad debt expense (800,000 * 1%) $8,000

Allowance for uncollectible accounts $8,000

(To record uncollectible account expense)

Waco Travel Agency

Balance Sheet

Current assets

Account receivable $93,000

Less: Allowance for uncollectible account ($8,870) ---- ($8,000 + $870)

$84,130

7 0

3 years ago