They are in Installment Sales Contract.
<h3>
What is an Installment Sales contract?</h3>
Any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy residential real estate, in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller retains an interest or security for the purchase price or otherwise in the property, is referred to as an "installment sales contract" or simply as "contract."
Revenue recognition using the installment sales technique is postponed until the sale's cash is received. Because revenue is not immediately recognized at the moment of sale, the installment sales method is a conservative way to recognize revenue.
Only when partial ownership is transferred at the time of sale is the installment sales technique used. The technique is also applied when there is some doubt regarding the amount that will be collected (therefore, it would be inappropriate to recognize all revenue at the time of sale).
Therefore, Carol and Leslie are in Installment Sales Contract.
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Answer:
e• Nothing.
Explanation:
If your credit card is stolen, federal law establishes a maximum liability of $50 for any purchases made before you report the loss. In this case, we are told that Jose reported the loss immediately, so there should be no time for someone else to make any illegal purchases. The credit card company should not allow any purchases after Jose notified the loss.
Answer: The current market price is below the PV
Explanation:
The discounted cash flow method is when the time value of money is being used to value a project, security, company, or an asset.
When the discounted cash flow method is used to determine the appropriate value of a security, it is vital to buy the security when the current market price is below the present value.
Answer:
The correct option is A,A. 7,000 = NA + 2,000 - (5,000) NA - NA = NA 7.000 FA
Explanation:
By issuing the treasury stock ,asset,cash to be precise increases by $7000($35*200) which implies a debit to the asset ,hence the $7000 seen on the left hand-side of the equation.
This transaction has no liability impact,as a result liabilities is denoted NA,not applicable.
The par value of the treasury is to be credited to treasury stock with $5,000($25*200).
Lastly the difference between the par value and the issue is credited to paid-in capital from treasury stock i.e($35-$25)*200))=$2000,this is depicted by $2000 in the equation
Answer:
5) Nonsanctioned leadership is as important as formal influence.
