Ask question

Ask question

All categories

3 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

1 answer:

Bingel [31]3 years ago

8 0

The answer is noone.

You might be interested in

Rowell Company spent $3 million two years ago to build a plant for a new product. It then decided not to go forward with the pro

ELEN [110]

Answer:

B. If the building could be sold, then the after-tax proceeds that would be generated by any such sale should be charged as a cost to any new project that would use it.

Explanation:

The proceeds from a potential sale are the opportunity cost of using the building for a given project instead of selling to a third party. Not including any cost will lead to project not recovering the entire capital used in it.

Is important to notice this is the after-tax proceeds from the sale of the building.

3 0

4 years ago

Interest is: Aa charge for lending money to a bank Bthe amount owed for borrowing money Cthe amount added into your savings when

astra-53 [7]

Your answer should be B

6 0

3 years ago

What makes your marketing more potent, allowing you to run an ad three times instead of nine, to get the same effect?

Alex

I think it’s Branding

4 0

3 years ago

Read 2 more answers

____________ is the ability of a company to pay its debts as they mature. Liquidity Solvency Financial flexibility Insolvency

pshichka [43]

Answer:

Solvency

Explanation:

Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.

Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.

A company or firm is said to be solvent when the current assets exceeds current liabilities.

4 0

3 years ago

Read 2 more answers

Emily Corporation purchased all of Ace Company's common stock on January 1, 2020, for $1,000,000 cash. The investee's stockholde

Reika [66]

Answer:

$ 1,125,000

Explanation:

Calculation for the amount of Equity Income that Emily will record

First step is to find the Net equity income using this formula

Net equity income= Net income +Dividends

Let plug in the formula

Net equity income=$250,000+$25,000

Net equity income=$225,000

Second step is to find the balance of investment using this formula

Balance of investment= (Common stock + Net equity income )- Amortization of unrecorded patent

Let plug in the formula

Balance of investment =($1,000,000+$225,000 )-($600,000/6)

Balance of investment=$1,225,000-$100,000

Balance of investment = $ 1,125,000

Therefore the amount of Equity Income that Emily will record will be $ 1,125,000

5 0

3 years ago