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2 years ago

sales this year at Stars and Stripes Consignment have been high and based on several factors Stars and Stripes projects

1 answer:

8 0

A contingency plan is occasionally referred to as "Plan B" or a backup plan because it can also be used as an alternative action if desired results fail to appear.

<h3> Contingency planning</h3>

In simple words, it directs to the planning under which an association plans to cope with a situation that may or may not occur in the near future. The situation for which planning is done connects to a significant event that highly impacts the community.

In the given case, Stars and stripes are scheduling to face the problem of low sales even though they are performing well in the market for the current time.

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Milo is the owner of a sporting goods store that has only been open for three months. The holiday season is coming up, and Milo

Arada [10]

1. If Milo should try to sue Jess, the court will decide that

that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.

2. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.

3. The store manager is most likely to explain to Arlene here that the advertisement is a valid offer, and the store must honor the price in the advertisement.

<h3>What is a business contract?</h3>

A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.

A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.

One has to fully understand the terms of a contract before they go ahead to sign documents.

Read more on contracts here: brainly.com/question/984979

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3 years ago

When reviewing the balance sheet for Portable Pet Care, Inc., a mobile small animal care business, Ricky noted the following inf

mash [69]

Answer:

The net worth (owners' equity) for this business is $2.2 million

Explanation:

Net worth: It is also known as owner's equity which is a difference between total assets and total assets.

In this question, we use the accounting equation which is used to balance the debit and credit side of the balance sheet items.

So, the accounting equation is

Total Assets = Total Liabilities + Owner's Equity

where,

Company assets are $3.5 million

And, liabilities is $1.3 million

Now, apply the above equation to find out the value of the owner's equity

So, owner equity would be equals to

= $3.5 million - $1.3 million

= $2.2 million

Hence, the net worth (owners' equity) for this business is $2.2 million

3 0

3 years ago

Dawn is selecting an alternative processing facility for her organization's primary data center. she would like to have a facili

Iteru [2.4K]

The best option in the situation of Dawn is to chose a primary site, for it will be able to provide her the alternative she needs in her facility and organization’s primary data center as this allows multiple servers and network allocation that is needed by them.

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4 years ago

Consider two cars manufactured by Chevrolet in 2014. During 2014, Chevrolet sells one of the two cars to Emily for $20,000. Late

Anna35 [415]

Answer:

The answer is: $39,000

Explanation:

The gross domestic products includes all the production of final and legal goods or services. These final products can be sold or held in inventory.

In this case, the GDP should include the $20,000 car sold to Emily and the $19,000 that correspond to the car held on finished inventory.

3 0

3 years ago

Season tickets for the Dingos are priced at $340 and include 17 home games. An equal amount of revenue is recognized after each

Vsevolod [243]

Answer:

Season tickets sold = $1,819,000 / $340

Season tickets sold = 5,350 tickets

Games played by the end of October = [$1,284,000 / ($1,819,000 / 17 games)]

Games played by the end of October = $1,284,000 / 107,000

Games played by the end of October = 12 games

Journal Entry to record initial sale of ticket

Accounts title Debit Credit

Cash $1,819,000

Unearned Ticket revenue $1,819,000

Journal Entry to record first home game revenue

Accounts title Debit Credit

Unearned Ticket revenue $107,000

Ticket revenue (earned) $107,000

6 0

3 years ago