# What is not part of all contracts? a. The offer b. Time requirements c. Premiums d. Consideration

Answer: I think its c but .i am not 100%

There is no answer other than option C.

## Related Questions

Name the economic activity in which specialised knowledge is required

● Business Regarding import and export of medicines.

The average annual return over the period 1926-2009 for small stocks is 21.2%, and the standard deviation of returns is 21.2%. Based on these numbers, what is a 95% confidence interval for
2010 returns?
A) -10.6%, 31.8%
B) 0%, 42.4%
C) -21.2%, 42.4%
D) -21.2%, 63.6%

The 95% confidence interval is between -21.2% and 63.6% (option D).

Explanation:

Hi, the empirical rule dictates that 95% of the data is found within +/- 2 standard deviations from the mean, therefore our interval can be found doing the following calculations.

That is:

Now, the higher limit.

So, the answer is D) -21.2%, 63.6%

Best of luck.

Cash collected on accounts receivable would produce what effect on the balance sheet?

c. Increase assets and decrease assets

Explanation:

As we know that the cash account and the account receivable account have come under the asset side of the balance sheet

Since the cash is collected which increase the assets side but at the same time it reduced the account receivable balance which decreases the assets side of the balance sheet

Therefore, the increase and decrease of the accounts are held on the asset side only.

Which of the following is typically part of a business plan? a. benefits packages for employees
b. the goods and services the business will offer
c.patent applications
d.the location of an annual shareholder meetings

B. The goods and services the business will offer

A tariff can be described as ____. The purpose of a tariff is to protect ___. A) either a tax on or a limit on the quantity of an imported good; domestic producers from foreign competition by raising the domestic price of the good.

B) either a tax on or a limit on the quantity of an imported good; domestic consumers from foreign competition by lowering the domestic price of the good.

C) a tax on an imported good; domestic consumers from foreign competition by lowering the domestic price of the good.

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Explanation:

You should consider the case of rent seeking. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.

In large firms that have many specialists to handle each promotion method, sales managers are primarily concerned with

The correct answer should be managing personal selling.
Given that there are many specialists who deal with particular jobs such as promotion of goods, sales managers have fewer responsibilities which are limited to the management of personal selling and they don't have to worry about other things.

Sophia earns straight commission selling cell phone contracts. Last month she sold 341 cell phone contracts worth a total of \$38,192.00. If Sophia earns 5% rate of commission, what was her gross income last month?

=\$1,909.60

Explanation:

Sophia commison rate is at 5%

Her total sales for the month  is \$38,192.00

Her gross income will be :

5% of \$38,192.00

=5/100 x \$38,192.00

=0.05 x \$38,192.00

=\$1,909.60

On July 1, 2005, Lee Co. sold goods in exchange for a \$200,000, 8-month, noninterest-bearing note receivable. At the time of the sale, the note's market rate of interest was 12%. What amount did Lee receive when it discounted the note at 10% on September 1, 2005?

A. \$194,000
B. \$193,800
C. \$190,000
D. \$188,000

Option (C)  \$190,000

Explanation:

Data provided in the question:

Amount of the goods sold in exchange = \$200,000

Note's market rate of interest at the time of sale = 12%

Discount note on September 1, 2005 = 10%

Now,

since the note is non-interest bearing.

As of September 1, 2005, 2 months have elapsed since the original issuance of the note on On July 1, 2005

Thus,

Only 6 months are remaining of the 8 month term.

Therefore,

Discount = \$200,000 × 10% × 0.5                 [ as 6 months = 0.5 year]

= \$10,000

Therefore,

Proceeds from the discounting = \$200,000 - \$10,000

= \$190,000.

hence,

Option (C)  \$190,000

Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales commissions costs of \$50,000, technology costs of \$75,000, and research and development costs of \$200,000. Selling expenses were \$10,000, and administrative expenses equaled \$35,000. Sales totaled \$410,000. Required:

1. Prepare an income statement for Allstar for the past month.
2. Briefly explain why Allstar's income statement has no line for cost of goods sold.

1. Prepare an income statement for Allstar for the past month.

The income statement is given below.

Sales                              \$ 410,000

Commission Cost          (\$ 50,000)

Technology Cost           (\$ 75,000)

R/D Cost*                       (\$ 200,000)

Selling expenses             (\$ 10,000)

Net profit                          \$ 40,000

* In absence of information it is assumed that research and development costs of \$200,000 meet defination of expense as per accounting standard (IAS 38).

2. Briefly explain why Allstar's income statement has no line for cost of goods sold.

As per question Allstars is a service oriented company. In services oriented company there is no good that company is manufacturing and selling. So there will not be any cost of good sold line item in income statement.

1) Operating Income is \$40,000

2) Allstar is a Service Offering Company

Explanation:

Question 1: To prepare Income Statement for Allstar for the past Month

All-Star Company Income Statement for the Past Month

Particulars                                                          Amount

Sales Revenue                                                  \$410,000

Deduct:

Operating Expenses

Technology Cost                           \$75,000

Commission Costs                         \$50,000

Research and Development         \$200,000

Selling Expenses                            \$10,000