Answer: The creditor will be able to recover $1,350
Explanation:
The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.
In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.
Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.
Answer:
Common stock and $100
Explanation:
The journal entry is shown below:
Cash Dr $500 (100 shares × $5)
To Common stock $100 (100 shares × $1)
To Additional paid in capital in excess of par value - common stock (100 shares × $4)
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity
It means that the technology company will use the audit results to analyze risks. Thus option A is correct.
<h3>What is Audit ?</h3>
Audit refers to the checking of financial records of the company in order to ensure that the records are systematic and accurate. It is very helpful for the outsiders such as creditors, shareholders, government agencies etc as it provides the accurate information about transactions.
Mr. Chu will analyse the financial statements of the technology company an conclude about the risk involved in the company. Thus it helps in analyzing the risk. Therefore, option A is correct.
Learn more about auditing here:
brainly.com/question/14652228
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Answer:
0.37
Explanation:
The formula to compute the debt ratio is shown below:
= Total liabilities ÷ Total assets
where,
Total liabilities would be
= Current liabilities + Long term liabilities
= $75,000 + $35,000
= $110,000
And, the total assets would be
= $300,00
Now put these values to the above formula
So, the ratio would equal to
= $110,000 ÷ $300,000
= 0.37
I believe the answer is: different
The values of pesos from these spanish speaking countries are different depending on how good their performance in the market.
For example,
1000 mexican peso is equal to +/- 50 USD
1000 Argentine peso is equal to +/- 30 USD
