The disability buy-sell agreement that is best suited for businesses with a limited number of partners is the "Wait-and-See" disability buy-sell agreement.
In businesses with a limited number of partners, the Wait-and-See disability buy-sell agreement is often the most appropriate choice. This type of agreement allows the business owners to delay making a decision regarding the buyout of a disabled partner until certain conditions are met.
The Wait-and-See agreement provides flexibility and avoids premature decisions or unnecessary financial burdens in case of disability. It typically includes provisions that specify a waiting period during which the disabled partner's share is temporarily held in the business or by the other partners. During this waiting period, the partners can assess the long-term impact of the disability on the business and the disabled partner's ability to return to work.
By using a Wait-and-See disability buy-sell agreement, businesses with a limited number of partners can carefully evaluate the implications of a partner's disability before committing to a buyout, ensuring that the decision aligns with the best interests of the business and its owners.
learn more about buy-sell agreements here; brainly.com/question/28097852
#SPJ11
What is the primary purpose of ABC's T.R.A.C.E. program?
The primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
What is the ABC's TRACE program?The program involves a protocol that allows first responders to respond immediately by notifying ABC when an incident involves a person under 21 and an alcoholic beverage that results in great bodily injury or death.
Hence, the primary purpose of ABC's TRACE program is to identify and investigate where persons under 21 years of age obtained alcohol and who was killed or obtained serious injury or accident.
Read more about ABC program
brainly.com/question/4316039
#SPJ1
3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
Learn more about the safety of goods here:
https://brainly.com/question/28480753
#SPJ1
Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour; baby-sit for your neighbor earning $10 an hour; or go to the movies and pay $6 for a ticket. You choose to go to the movies. What is your opportunity cost?
Answer:
the opportunity cost is in the case when you choose to go to the movies is $20
Explanation:
The computation of the opportunity cost is in the case when you choose to go to the movies is shown below:
= Earning per hour × number of hours
= $10 × 2 hours
= $20
Hence, the opportunity cost is in the case when you choose to go to the movies is $20
Type the correct answer in the box. Spell all words correctly.
What designation would you hold if you have the most common designation in the accounting field, which is also considered the backbone of
the accounting function?
You would hold a
designation if you have the most common designation in the accounting field.
The most common designation in Accounting which is the backbone of the accounting field is Chartered./ Certified Accountant.
Who is a Chartered/ Certified Accountant?A Chartered Accountant is one who has passed the rigorous tests required to become fully certified in the accounting profession.
Due to their immense knowledge and training, they are the backbone of the accounting profession and are the most common type of accountants you will find.
Find out more on chartered accounting at https://brainly.com/question/24538077.
#SPJ1
Find the face value of the zero-coupon bond. 20-year bond at 5.71%; price $9450 The face value of the zero-coupon bond will be $ (Do not round until the final answer. T
The face value of the zero-coupon bond will be $9450 / (1 + 0.0571)^(20) = $3000.02.
The face value of a zero-coupon bond is the amount that the bondholder will receive at maturity. To calculate the face value, we can use the formula: Face Value = Price / (1 + Yield)^(Number of Years). In this case, the price of the bond is $9450, the yield is 5.71% (or 0.0571), and the number of years is 20. Plugging these values into the formula, we get Face Value = $9450 / (1 + 0.0571)^(20) = $3000.02.
Therefore, the face value of the zero-coupon bond is approximately $3000.02.
For more questions like Bond click the link below:
https://brainly.com/question/17405470
#SPJ11
On a loan of $32,000 at 7% interest for 6 months, how much do you wind up paying to pay off the loan?.
The amount to be paid at the end of the loan period will be $33,120. The rate of interest on the loan is given as per annum and hence the interest is to be calculated for 6 months.
Calculation of settlement amount of loan:Given:
\(\rm Principal &= \$32,000\\\\Rate &= 7\%\:per\:annum\\\\Tenure = 6\:months\)
Interest is calculated from the following formula:
\(\rm Interest = Principal\times Rate \times Tenure\)
Hence the interest for the loan will be:
\(\begin{aligned}\rm Interest &= \$32,000\times 7\% \times 6\: months\\\\&= 32,000 \times \dfrac{7}{100}\times \dfrac{6}{12}\\\\&= \$1,120\end\)
The final payment for the loan will be the combination of principal and interest.
Therefore final payment = $32,000 +$1,120
= $33,120
Learn more about the topic here:
https://brainly.com/question/2284847
find a company that is struggling. where is it in the positioning matrix? could the company be more successful if it changed any of its ps (e.g., to head to the lo-lo-lo-lo or hi-hi-hi-hi cells)?
Company X is struggling and positioned in the low-low-low-low (LLLL) cell of the positioning matrix. It could potentially be more successful by changing its Ps to move towards the high-high-high-high (HHHH) cell.
Focusing on differentiation, premium pricing, targeted marketing, and innovation to create a unique competitive advantage.The positioning matrix is a strategic tool that categorizes companies based on two dimensions: price and perceived quality. The low-low-low-low (LLLL) cell represents companies offering low-quality products at low prices. A struggling company positioned here may face intense competition, price wars, and low profit margins. To improve its success, the company could consider changing its positioning to the high-high-high-high (HHHH) cell, which signifies high-quality products at premium prices. By focusing on differentiation, emphasizing product features, implementing targeted marketing strategies, and fostering innovation, the company can create a unique competitive advantage and command higher prices, leading to improved profitability and market positioning.
learn more about matrix here:
https://brainly.com/question/32720582
#SPJ11
Giancarlo copies Hedrick's book, Information Free, in its entirety and sells it to Justice Fair Books, Inc., without Hedrick's permission. Justice Fair publishes it under Giancarlo's name. This is
a. Fair use
b. Copyright infringement
c. Protected expression
d. Licensing
Therefore, the option is "d (Licensing)" is correct.
Giancarlo copies Hedrick's book, Information Free, in its entirety and sells it to Justice Fair Books, Inc., without Hedrick's permission. Justice Fair publishes it under Giancarlo's name. This is licensing.The above scenario reflects the situation of licensing. In this scenario, Giancarlo is copying Hedrick's book, Information Free, in its entirety without the permission of the author and then selling it to Justice Fair Books, Inc. who then publishes the book under Giancarlo's name. By doing this, Giancarlo is guilty of stealing the author's intellectual property rights as he copied the work without the author's permission. Hence, it can be concluded that the given scenario reflects the situation of licensing.
Permitting is a business plan in which one organization allows one more organization to make its item for a predetermined installment. In most cases, licensing entails giving another business permission to use one's patents, trademarks, copyrights, designs, and other intellectual property in exchange for a fee or a percentage of revenue.
Know more about Licensing, here:
https://brainly.com/question/32170268
#SPJ11
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answer:
,
Explanation:
i think this is answer right
a share of preferred stock pays a quarterly dividend of $1.4. if the price of this preferred stock is currently $94, what is the nominal annual rate of return? group of answer choices 5.96% 6.46% 6.96% 7.46% 7.96%
Answer:
6.46%
Explanation:
What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
Gordon is over 65 what is his adjusted gross income
Answer:
huh
Explanation:
hbybibhbil
An organization’s readiness to respond to a crisis is a function of all of the following EXCEPT: the ‘positive thinking’ approach used by top leaders. adequate organizational resources. top management support and commitment. a trained and well-prepared crisis team.
An organization's readiness to respond to a crisis is influenced by several factors that contribute to its ability to effectively handle and manage crises.
However, the factor that does not directly contribute to readiness is the "positive thinking" approach used by top leaders. Here's an explanation of why the other factors mentioned are crucial for crisis readiness:
1. Adequate Organizational Resources: Crisis readiness requires having the necessary resources, including financial, technological, human, and physical resources. Adequate resources ensure that the organization can promptly and effectively respond to a crisis, implement necessary actions, and mitigate the impact of the crisis. These resources may include emergency response plans, communication systems, trained personnel, financial reserves, and physical infrastructure, among others.
2. Top Management Support and Commitment: The support and commitment of top management are vital for crisis readiness. When leaders prioritize crisis preparedness, allocate resources, and demonstrate commitment, it sets the tone for the entire organization. Top management's involvement and dedication foster a culture that values crisis management, encourages proactive planning, and ensures that crisis response efforts receive necessary attention and support.
3. Trained and Well-Prepared Crisis Team: A crisis team consisting of individuals who are trained, experienced, and prepared to handle various crisis scenarios is critical for effective crisis response. The crisis team should have clear roles, responsibilities, and procedures in place. They should be trained in crisis management strategies, communication protocols, decision-making processes, and coordination with relevant stakeholders. A well-prepared crisis team can respond swiftly and efficiently during a crisis, minimizing its impact and facilitating a coordinated response.
However, the "positive thinking" approach used by top leaders, while valuable for maintaining morale and optimism within the organization, is not directly linked to crisis readiness. While a positive mindset can contribute to a healthy organizational culture and employee motivation, crisis readiness encompasses more tangible elements such as resource availability, top management support, and a prepared crisis team.
It is important to note that maintaining a positive outlook and mindset can indirectly influence crisis readiness by fostering resilience, adaptability, and a collaborative environment within the organization. However, it is not the sole determinant of an organization's readiness to respond to a crisis. Other factors, such as those mentioned above, play a more direct role in ensuring preparedness and effective crisis management.
To know more about crisis, please click on:
https://brainly.com/question/32083506
#SPJ11
Why is it a good idea to be organized in the workplace?
It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
What is workplace?A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.
An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.
It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.
To know more about workplace, check this link:
https://brainly.com/question/13444639
#SPJ13
puntos gratis para quien quiera
Answer:
✨ ¡Tysm por lo.s pun.tos gr.atis! Rlly los necesitaba.Explanation:
✨Tysm For The Fr.ee Po.ints I Rlly Needed Them✨tutor can be inexpensive or possibly free t or f
Answer:
T true on e2020
Explanation:
Answer:
True
Explanation:
I took the test and got a 100%
What is nation’s plan for answering the key economic questions?
Explanation:
economic decision-making
process of choosing which wants among several options will be satisfied
producers
individuals and organizations that determine what products and services will be available for sale
economic system
a nation's plan for answering the three economic questions
economic resources
means through which goods and services are produced
needs
things that are required in order to live
scarcity
not having enough resources to satisfy every need
supply
quantity of a good or service that businesses are willing and able to provide
consumer
person who buys and uses goods and services
command economy
system in which resources are owned and controlled by the government
goods
things that you can see and touch
capitalism
private ownership of resources by individuals rather than by the government
traditional economy
system in which goods and services are produced the way they have always been done
mixed economy
system that combines elements of the command and market economies
demand
quantity of a good or service that consumers are willing and able to buy
market price
point where supply and demand are equal
wants
things that add comfort and pleasure to your life
services
activities that are consumed at the same time they are produced (things that others do for you)
trade-off
giving up on something to have something else
opportunity cost
value of the alternative you did not choose
market economy
system in which the resources are owned and controlled by the people of the country
economic choices
you can't have everything so you must choose
what are the 6 tips in the economic decision making?
1. define the problem
2. identify your choices
3. evaluate your choices
4. choose one
5. act on your decision
6. review your decision
(DieCar)
unlimited wants
wants that are never-ending and build off each other
what are the three economic resources or also known as factors of production?
a. natural resources
b. human resources
c. capital resources
natural resources
resources that come from the earth, water, or air (oil, ,gold, copper, etc.)
human resources
people who work to produce your goods and services (people in labor)
capital resources
tools, building, equipment that are used to produce them
what is the basic economic problem for businesses and families?
scarcity
competition
a contest among sells to get consumers to buy their product (you)
freedom of choice
buy what you want and where you want
how do you access the settings necessary to fully customize the appearance of an existing brush?
The specific steps to fully customize the appearance of an existing brush will vary depending on the software or program being used.
What are the general steps to customize appearance of existing brushes?In general, you can access the settings necessary to fully customize the appearance of an existing brush by following these steps:
1. Select the brush tool in the software or program.
2. Go to the brush settings or options, which can typically be accessed through a brush palette or by right-clicking on the canvas while the brush tool is active.
3. Look for the brush customization options. This can include settings such as brush size, shape, opacity, and flow. Some software or program may have more advanced settings like texture, spacing, angle, etc.
4. Adjust the settings to your preference, you can test the brush by making a few strokes and observing the changes.
5. Once you are satisfied with the changes, you can save the brush as a new brush.
To know more about opacity, visit:
https://brainly.com/question/29988924
#SPJ4
4. As a result of the Covid pandemic, the management of FeiFei plc (F) are discussing with the executive workers union Emsa (E), the introduction of more flexible working practices to help increase profits. In return for accepting the new working practices, E are negotiating an increase in salaries. In these negotiations, E are attempting to maximise salaries and F are attempting to maximise their profits. Both F and E realise that they can each employ one of three negotiating strategies, and the profit/salary increase (%) depends upon the strategy employed by both F and E as follows:
E's Strategy
E1
E2
E3
F1
(5,6)
(6,8)
(2,7)
F's
F2
(5,4)
(8,5)
(2,6)
Strategy
F3
(5,3)
(8,3)
(3,4)
(If F employs F1 and E employs E1 then profits will increase by
5% and salaries will increase by 6%)
(a) Determine the likely outcome of these negotiations and explain how a more optimal outcome for both F and E might be achieved.
(300 words maximum) (35 marks)
The management of FeiFei plc (F) is also attempting to renegotiate a deal for the cost of its raw materials from Hippo plc (H). The price that F will pay and the amount that H will receive per unit of raw material (£) depends upon the strategies they both adopt as follows:F's Strategy
F4
F5
F6
H1
8
12
4
H's
H2
10
6
11
H3
10
14
8
Strategy
(If H employs H1 and F employs F4 then H will receive £8 per unit for the raw material and F will pay £8 per unit for the raw material).
(b)
(c)
Discuss why H3, F4 might appear to be a 'solution' to these negotiations and explain why it is unlikely to be achieved in practice.
(250 words maximum) (25 marks)
Determine the optimal strategy for both H and F in these negotiations and the amount which F can expect to pay for the raw materials. Explain the method
adopted at each stage of these calculations.
(300 words maximum) (40 marks)
The outcomes, represented as (profit increase, salary increase), indicate that the most favorable outcome for both F and E is when F employs strategy F2 and E employs strategy E2, resulting in a profit increase of 8% and a salary increase of 8%.
By analyzing the possible strategies and their corresponding outcomes, it becomes clear that F2 and E2 offer the highest gains for both parties. However, to achieve a more optimal outcome, F and E could employ cooperative negotiation strategies. This approach would involve open communication, compromise, and finding a mutually beneficial solution that balances profit maximization for F and salary maximization for E. By focusing on long-term sustainability and growth, both parties can work together to create a win-win situation that addresses their respective objectives.
Learn more about win-win outcomes here: brainly.com/question/32382869
#SPJ11
What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
To know more about Taxes, visit the link below:
https://brainly.com/question/16423331
#SPJ2
if sales increase by 15% and the degree of operating leverage is 6, net operating income should increase by
If sales increase by 15% and the degree of operating leverage is 6, net operating income should increase by 90%.
Net operating income will increase by = Degree of operating leverage * Increase in sales %
Net operating income will increase by = (6*15%)
Net operating income will increase by = 90%
What is net operating income?
In economics and accounting, net profit (also known as gross income, net profit, net profit, net income, sales profit, or credit sales) is the profit of a business less cost of goods sold, expenses, depreciation, interest, and taxes.
It is calculated as the residual of all income and profits for the period minus all costs and losses and is also defined as the net increase in capital arising from the company's operations. This is different from Gross Revenue, which only subtracts Cost of Goods Sold from Sales. Utility accounting helps businesses understand the total cost of each operation, allowing accountants to better understand and control costs. Businesses often seek to reduce operating costs to the most profitable levels while maintaining reliable and efficient production.
To know more about net operating cost, click here-
brainly.com/question/15834358
#SPJ4
How many numbers are in the Georgia Lottery?
The Georgia Lottery is a popular game in the state that offers players the chance to win big prizes by correctly choosing a set of numbers. The number of "numbers in the Georgia Lottery" varies depending on the specific game being played, but in general, players are asked to select a certain number of numbers from a larger pool.
For example, in the popular game "Fantasy 5," players are asked to choose 5 numbers from a pool of 1 to 42. This means that there are 42 potential numbers that a player could choose from, but they must select exactly 5 of those numbers to play.
Another popular game, "Cash 4," also requires players to choose 4 numbers, but the numbers are chosen from a different pool, ranging from 0 to 9.
It's worth noting that there are many other games offered by the Georgia Lottery, each with its own set of rules and number ranges. So, the number of "numbers in the Georgia Lottery" can vary greatly depending on which game you're playing.
for more questions on numbers in Georgia lottery:
https://brainly.com/question/28951174#
#SPJ11
Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
brainly.com/question/26316390
#SPJ1
An example of a job that involves working mainly with receipts and bills is a(n):
A. Pediatrician
B.Reporter
C.Bookkeeper
D. Child-care Worker
The supervisor of the county Department of Transportation (DOT) is considering the replacement of some machinery. This machinery has zero book value but its current market value is $840. One possible alternative is to invest in new machinery, which has a cost of $39,400. This new machinery would produce estimated annual operating cash savings of $12,700. The estimated useful life of the new machinery is four years. The DOT uses straight-line depreciation. The new machinery has an estimated salvage value of $2,040 at the end of four years. The investment in the new machinery would require an additional investment in working capital of $3,000, which would be recovered after four years. If the DOT accepts this investment proposal, disposal of the old machinery and investment in the new equipment will take place on December 31, 20x1. The cash flows from the investment will occur during the calendar years 20x2 through 20x5. Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.) Required: Prepare a net-present-value analysis of the county DOT’s machinery replacement decision. The county has a 10 percent hurdle rate. (Round your "Discount factors" to 3 decimal places and final dollar amounts to whole dollars. Negative amounts should be indicated by a minus sign.)
The net-present-value analysis of the county DOT’s machinery replacement decision shows that it is financially feasible to invest in new machinery. The initial cost of $39,400 would be offset by the estimated annual operating cash savings of $12,700 for four years, resulting in a net cash inflow of $50,760. After deducting the salvage value of $2,040 and the recovery of working capital of $3,000, the net present value of the investment is $5,482. The hurdle rate of 10 percent is surpassed, indicating that the investment is worth considering. The present value factor for four years at a discount rate of 10 percent is 0.683. Therefore, the net present value of the investment is $3,744, indicating that it is a financially viable option.
The county DOT's machinery replacement decision can be analyzed using net-present-value (NPV). The initial investment includes the cost of new machinery ($39,400) minus the market value of old machinery ($840), plus the additional working capital ($3,000), resulting in a total investment of $41,560.
The annual cash flow is the operating cash savings of $12,700. Since the DOT uses straight-line depreciation, the annual depreciation is ($39,400 - $2,040) / 4, which equals $9,340. The net annual cash flow is $12,700 - $9,340 = $3,360.
Using a 10% discount rate, the present value of the net annual cash flows can be calculated. Using discount factors of 0.909, 0.826, 0.751, and 0.683 for years 1 through 4, the present value of cash flows is $9,102.
The salvage value of $2,040 at the end of year 4, discounted at 10%, has a present value of $1,392 (0.683 * $2,040).
The NPV of this investment is the sum of the present values of cash flows and salvage value minus the initial investment: $9,102 + $1,392 - $41,560 = -$31,066. Since the NPV is negative, the machinery replacement decision is not financially beneficial at the 10% hurdle rate.
To know more about Discount factors visit-
https://brainly.com/question/8691762
#SPJ11
What do most business people think is the primary purpose of business?
A. To fix the problems of society
B. To invest all profits back into the business
C. To protect private property
D. To generate wealth
The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.
What is business?Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.
The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.
The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.
Learn more about business here:
https://brainly.com/question/18307610
#SPJ2
Which of the following describes what is identified by a supply schedule?
a How much suppliers will profit at various prices
b How much consumers will save at various supply levels
c How much suppliers will raise prices as production varies
d How much of a product suppliers will produce at various prices
What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).
What is a supply schedule?A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.
There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.
The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.
To learn more about supply schedules, please check:https://brainly.com/question/11351831
#SPJ1
Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for dam-ages. Neal will be able to recover:a.the amount in the liquidated damages clause.b.the difference between Solomon's contract price and the amount paid by Renny.c.Solomon's contract price.d.an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
Answer:
b. the difference between Solomon's contract price and the amount paid by Renny
Explanation:
Neal sues Solomon for damages as Solomon breaches his contract with Neal to purchase the 500 pairs of socks from him. Although he can sell the 500 pairs to Renny even then he was in loss only as he sells socks to Renny at a lower amount then it's actual cost.
In this case, Neal will be able to recover the difference between Solomon's contract price and the amount paid by Renny.
what is good about having a checking account?
Answer:
It allows you to deposit money that you can then draw against to pay bills or make purchases
Explanation:
During January, its first month of operations, Home Manufacturing Ltd. accumulated the following manufacturing costs: raw materials $5,300 on account; factory labour $7,500: and utilities payable $2,900.
Prepare separate journal entries for each type of manufacturing cost.
To record purchase of raw materials on account)
To record factory labour costs)
To record entry for utilities payable)
Home Manufacturing Ltd. recorded the following journal entries for its manufacturing costs during January: Debit Raw Materials (Inventory) for $5,300 and credit Accounts Payable for $5,300 to record the purchase of raw materials on account. Debit Factory Labor for $7,500 and credit Wages Payable for $7,500 to record the factory labor costs. Debit Utility Expenses for $2,900 and credit Accounts Payable for $2,900 to record the entry for utilities payable.
To record the purchase of raw materials on account, the company debits Raw Materials (Inventory) to increase the asset account representing the raw materials acquired. The corresponding credit is made to Accounts Payable, indicating the liability to the supplier for the amount owed.
To record factory labor costs, the company debits Factory Labor as an expense, reflecting the cost of the labor incurred. The credit is made to Wages Payable, representing the amount owed to the employees for their services.
To record the entry for utilities payable, the company debits Utilities Expense to recognize the cost of utilities used in the manufacturing process. The credit is made to Accounts Payable, indicating the amount owed for the utilities consumed.
To learn more about asset account click here: brainly.com/question/26685970
#SPJ11