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1 year ago

Camille, a buyer, wants to change the price already agreed to in a sales contract. what document should she use?

Business

1 answer:

e-lub [12.9K]1 year ago

6 0

She should use a New contract.

A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.

In the event of a breach of contract, victims are entitled to legal remedies, including damages and withdrawal. Contract law, the field of law of obligations dealing with contracts, is based on the principle that agreements must be honored.

learn more about contracts here. brainly.com/question/984979

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Answer:

D. Decrease by $700,000.

Explanation:

The computation of the effect on the total stockholder equity is as follows

Given that

Number of shares is 20,000

Per share $35 recorded at a cost

Own shares at par is $20

As we know that if we purchased our own stock so it would be called as a treasury stock and the same is to be deducted from the shareholder equity as it is a contra equity account that reduce the equity balance

Now the effect would be

= 20,000 shares × $35

= $700,000

Hence, it is decreased by $700,000

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2 years ago

Acquired $60,000 cash from the issue of common stock. Received an $8,200 cash advance for services to be provided in the future.

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Answer:

TRIAL BALANCE:

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AR 7500

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slaries expense 3100

op- expense 16100

supplies expense 1600

dividends 2000

Account Payable 3000

saalaries expense 3100

Unearned Revenue 5100

Common Stock 60000

Service revenue 39100

110300 110300

Explanation:

We have to record eahc time an accoutn is used and once we got all transactions we determiante the balance

Cash

Debit Credit

60000

8200

28500

15100

2000

96700 17100

79600

Debit Credit

36000

28500

7500

Supplies

Debit Credit

2000

1600

400

salaries expense op- expense supplies expense

Debit Credit Debit Credit Debit Credit

3100 16100 1600

Account Payable

Debit Credit

2000

16100

15100

15100 18100

3000

Salaries Payable

Debit Credit

3100

Unearned Revenue

Debit Credit

8200

3100

5100

Common Stock

Debit Credit

60000

Service revenue

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3100

39100

Then we construct the trial balance which all these account balance.

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2 years ago

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Suggest careers for which the subject might be well suited.

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2 years ago

Jenks Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value (L

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Answer:

$365,000

Explanation:

The computation of the inventory reported on the balance sheet is shown below:

Product Cost NRV Lower cost

A $115,000 $125,000 $115,000

B $95,000 $75,000 $75,000

C $175,000 $180,000 $175,000

Total $365,000

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Answer:

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