Moore Stores has a property insurance policy with an annual premium of $3,750. In recent months, Moore Stores failed four fire inspections, and filed three burglary claims against the policy. The insurance company has elected to cancel the policy, which has been in effect for 173 days. What is the regular refund due Moore Stores? (Round to the nearest cent)
$1,972.60
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Which of the following is an advantage of using the net price method for recording cash discounts on credit sales?
A) It eases communication with customers about their balances. B) It conservatively reflects current period sales revenue. C) It simplifies recording of sales returns and allowances. D) It requires less record keeping than the gross method.
Which of the following contingencies should be accrued in the accounts and reported in the financial statements?
a. The company is forcefully contesting a personal injury lawsuit and a loss is possible and reasonable estimable. b. An accommodation endorsement involving a remote loss c. It is probable that a company will receive $50,000 in settlement of a lawsuit. d. The estimated expenses of a one-year product warranty.
The first step in preparing a proposal is to ________
A) identify the level of persuasion it will require B) develop a clear idea of your purpose C) determine the appropriate form of the proposal D) establish audience benefits E) counter potential objections
What can be sold as unit sales?
a. food and beverages b. digital products c. software support offered by the hour d. all of these