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1 year ago

Genuineness, or reality, of agreement is said to be present in a contract when there is:_______.

Business

1 answer:

Papessa [141]1 year ago

6 0

Reality of contract of an agreement is said to be present in a contract when there is genuineness.

When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.

Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.

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Tju [1.3M]

$1,130.28

Formula is A = P (1 + [r/n])^(nt)

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A= 879 (1.0045)^56

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3 years ago

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Answer:

The discount on the bonds issuance is $9,138.00

Explanation:

discount on bonds at issuance=bonds face value-bonds cash proceeds

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bonds cash proceeds =$170,862

Discount on bonds at issuance=$180,000-$170,862

Discount on bonds at issuance=$9,138.00

The necessary journal entries to record the bonds issuance are follows:

Dr Cash $170,862.00

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The discount on the bonds would amortized over relevant years

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2 years ago

As the manager of a golf resort, you want to increase the number of tee times sold by 10%. Your staff economist (and junior cadd

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Answer:

The price of tee-time should be reduced by 6.67%.

Explanation:

The price elasticity of demand for tee times is –1.5.

The manager wants to increase the number of tee times sold by 10%.

The price elasticity of demand shows the change in quantity demanded due to a change in the price level. It is the ratio of the percentage change in quantity demanded and percentage change in price.

Price elasticity = $\frac{\% \Delta Q}{\% \Delta P}$

- 1.5 = $\frac{10 \%}{\% \Delta P}$

$\% \Delta P = \frac{10}{- 1.5}$

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2 years ago

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Answer:

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Explanation:

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= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

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3 years ago

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Answer:

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The net worth method specifies that any increase in wealth, which is not traced to non-taxable sources, should be determined as a taxable income for the period under review. Ordinarily, the net worth is the difference between assets and liabilities. Since the executives use the money personally at their convenience, this will increase their personal wealth.

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2 years ago