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Iteru [2.4K]
3 years ago
12

Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enf

orceable if Blanche
Business
1 answer:
WARRIOR [948]3 years ago
7 0

Answer:

ratifies it

Explanation:

You might be interested in
On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:
Gnom [1K]

Answer and Explanation:

The adjusting entries are shown below:

1. Accounts Receivable $13,680

       To Fees Earned $13,680

(Being Accrued fees earned is recorded)  

2. Supplies Expense $3,210 ($4500 - $1290)

             To Supplies $3,210

(Being Supplies used is recorded)  

3. Wages Expense $1,720

          To Wages Payable ($1,720

(Being Accrued wages is recorded)

4. Unearned Rent $4,470 ($13,410 ÷ 3 month)

           To Rent Revenue $4,470

(Being rent earned is recorded)

5. Depreciation Expense $2,280

       To Accumulated Depreciation- Equipment $2,280

(Being Depreciation expense is recorded)

6 0
3 years ago
What can you determine about the corporate culture from the fact that they waited this long to consider the development of an EP
stepan [7]

Answer:

That the company has a dysfunctionall organizational culture

Explanation:

Dysfunction in organizational culture occurs when the existing culture of an organization no longer advances the organization's effectiveness in the marketplace.

In this case technology innovation is affected by the delay on the addoption of a EPM as Technology in business allows organizations to improve both the performance and overall effectiveness of products, systems and services, which, in turn, enables businesses to expand quickly and efficiently.

3 0
3 years ago
Consider the following data for a particular country.
Effectus [21]

Answer:

Real GDP is inflation adjusted hence there will be no role of inflation. Real GDP per Capita = Real GDP/ Population

Real GDP in year 1 = Real GDP per capita * population

Real GDP in year 1 = $36,000 * 500 million

Real GDP in year 1 = $18 trillion

Growth rate of Real GDP = 7%

herefore Real GDP in year 2 = x - 18/18 = 7/100

Real GDP in year 2 => 100x - 1800 = 126

Real GDP in year 2 => 100x = 126 + 1800

Real GDP in year 2 => 100x = 1926

Real GDP in year 2 => x = 19.26 trillion

So, Real GDP per capita in year 2 = 19.26 trillion /500 million= 38,520

7 0
3 years ago
For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus
Alex

Answer:

Option A.

Explanation:

Given information:

GDP = $11 trillion

Consumption = $7 trillion

Taxes = $2.5 trillion

Surplus = $1 trillion

The formula for private saving is

\text{Private saving}=GDP-Tax-Consumption

\text{Private saving}=11-2.5-7

\text{Private saving}=1.5

The formula for national saving is

\text{National saving}=GDP-Consumption-\text{Government purchase}

\text{National saving}=11-7-(2.5-1)

\text{National saving}=11-7-1.5

\text{National saving}=2.5

The private saving and national saving are $1.5 trillion and $2.5 trillion, respectively.

Therefore, the correct option is A.

3 0
3 years ago
1. Do you think it's really important to start saving for retirement as early as possible? Why or
Colt1911 [192]
Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.
6 0
3 years ago
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