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mojhsa [17]
2 years ago
7

Shannon signs a contract with tevin, an unlicensed contractor, to build a deck and gazebo at the rear of her house. this contrac

t is enforceable by
Business
1 answer:
Bingel [31]2 years ago
8 0

The answer is noone.

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On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir
lisov135 [29]

Answer:

1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.

Explanation:

The journal entry is shown below:

Note payable A/c Dr $7,238

Interest expense A/c Dr $7,000

  To Cash A/c $14,238

(Being the first payment on the note is recorded)

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $100,000 × 7%

= $7,000

And, the remaining balance left is reported in the note payable account

3 0
2 years ago
Assume that the CEO of a company gave you the project charter specifying your authority, among others to work on an initiative p
viktelen [127]

Answer:

Characterize a project based on the above narration and distinguish the project manager from an operations manager?

Explanation:

4 0
2 years ago
One key characteristic that is distinctive of an oligopoly market is that Group of answer choices the demand curve facing each f
lawyer [7]

Answer:

The decisions of one seller often influence the price of products, the output, and the profits of rival firms.

Explanation:

An oligopoly is a market structure where there are only a few sellers. Therefore, around two or more firms have control over the market. Collectively, they can influence the prices and supply.

This ultimately results in high-level competition between these sellers. Since there are a few sellers in the oligopoly structure, each of these company's profit levels not only depends on the decisions made by them but also on the decisions made by their rival firms.

Hence, option no. 3 "the decisions of one seller often influence the price of products, the output, and the profits of rival firms" is correct.

7 0
2 years ago
You can actually give yourself a raise by increasing the flow of money into your own account and decreasing the money flowing ou
Nookie1986 [14]

Answer:

True

Explanation:

If more money is coming into your account as compared to going out then you are in "positive cash flow". This means that you are in a situation where you can easily pay your bills and also save some money which is good.

If less money is coming into your account as compared to going out then you are in "negative cash flow". This means that you are in a situation where it is very diificult for you to cover your bills and you need more money to survive.

To conclude, the statement is true that you can give yourself a raise by increasing the flow of money into your account and decreasing the out flow.

4 0
2 years ago
In a market economy with perfect competition, sellers
Annette [7]

Answer:

There are a large number of buyers and sellers in a perfectly competitive market. The sellers are small firms, instead of large corporations capable of controlling prices through supply adjustments. They sell products with minimal differences in capabilities, features, and pricing.

6 0
3 years ago
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