1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
max2010maxim [7]
2 years ago
6

Bilbo signs a lease agreement for an apartment with Cato, who owns and manages the Deer Creek Apartments complex. These parties

have a. no contract. b. an express contract. c. an implied contract. d. a unilateral contract.
Business
1 answer:
worty [1.4K]2 years ago
7 0

Answer:

C

Explanation:

an implied contract

You might be interested in
On March 4, Year 1, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. OnSeptember 26, Year 1, Evan received
12345 [234]

Answer:

b. $5,000

Explanation:

<u>September 26th</u>

1,000 x 5 = 5,000 stock rights Investment

It receive 1,000 right at $5 dollars each the total is 5,000

This rights were detachable from the stocks, so they have a diferent account, they are independent from the common shares purchased on March 4th

8 0
3 years ago
Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
kakasveta [241]

Answer:

Its A.

Explanation:

5 0
3 years ago
Read 2 more answers
C Co. reported a retained earnings balance of $200,000 at December 31, 2020. In September 2021, C determined that insurance prem
Jet001 [13]

Answer:

C Co.

Adjusted beginning retained earnings in 2021 Statement of Retained Earnings:

$215,000

Explanation:

Reported Retained Earnings balance at December 31, 2020 = $200,000

Prepaid insurance = $30,000 for three years

Insurance Expense for 2020 = $30,000

Insurance Expense for each of the three years = $10,000 ($30,000/3)

Insurance Expense over-expensed by $20,000 ($30,000 - $10,000)

Deferred Tax Liability = $5,000 ($20,000 * 25%)

Therefore, adjusted Retained Earnings = $215,000 ($200,000 + 20,000 - 5,000)

b) The Retained Earnings should have been $220,000 instead of $200,000 and there must be accounted for the deferred tax liability arising from the deduction of the Insurance expense that should have been accounted for in subsequent years.

3 0
3 years ago
How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than igno
igomit [66]

Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.

Explanation: The code of ethics establishes parameters that standardize the behavior of people linked to a company. By conducting the assessment every year you ensure that people refresh the code of ethics. You can also offer tutorials that serve to get the message better before the evaluation and if someone fails the evaluation, that person must repeat it until they qualify at this 90%.

8 0
3 years ago
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
Stels [109]

Answer:Profit margin = 29.94%

 Asset Turnover =0.50

Return on investment (ROI) =15.09%

Explanation:

Given

Sales for the year =  $ 17,700,000

Net Operating Income =  $ 5,300,000

Average Operating Assets =  $ 35,100,000

a)Profit margin = (Net operating income/Net sales ) x 100%

= $5,300,000/$17,700,000 x 100%  = 29.94%.

This shows that the Alyeska Services company has ability to turn income to profit by  29.94%

b.  Asset Turnover =  Total Sales/ Average Total Assets  = $17,700,000/$35,100,000 = 0.50

c. Return on investment (ROI) =Net income/Total investment  x 100%

 = $ 5,300,000/ $ 35,100,000 x 100% =15.09%

3 0
3 years ago
Other questions:
  • Your campus is required to report all hate crimes thanks to the
    7·1 answer
  • A credit to an asset account was posted to an expense account. This would cause __________. options: assets to be overstated lia
    5·2 answers
  • Price controls can cause _____.
    9·2 answers
  • The following expenditures are made during the current year: January 1, $30,000; July 1, $290,000; September 1, $800,000; and De
    10·1 answer
  • Best way to think about examinations and assessments is
    14·2 answers
  • A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $
    13·1 answer
  • Help help help businesses
    11·2 answers
  • At the annual meeting of the board of directors of LabZaws Co., James Wilson, the CEO of the company, was directed to focus prim
    7·1 answer
  • When an outcome at the macroeconomic level is different from the outcome at the microeconomic level it is know as a?
    14·1 answer
  • when the auditor has decided not to rely on the entity's controls and instead use procedures as the main source of evidence abou
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!