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arlik [135]
1 year ago
14

the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptan

ce. the offer is now considered
Business
1 answer:
koban [17]1 year ago
7 0

In a case whereby the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptance. the offer is now considered executory contract.

<h3>What is an executory contract?</h3>

An executory contract can be described as the  ongoing agreement that  two parties entered to, whereby they are responsible for completing certain obligations at set period of time.

It should be noted that  this written agreements ensure each party is clear about their o responsibilities, hence In a case whereby the buyer has made an offer that the seller has accepted, and proper notice has been given to the buyer of the seller's acceptance. the offer is now considered executory contract.

Learn more executory contract at:

brainly.com/question/984979

#SPJ1

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Art Company issued 6%, 5 year bonds, with par value of $1,600,000, paying semiannual interest for $1,470,226. The annual market
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The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Bond carrying value = $1,470,226

Rate of interest = 8%

Rate of interest (Semiannual ) = 4%

So, we can calculate the the bond interest expense on the first interest payment by using following formula:

The bond interest expense = Bond carrying value × rate of interest (semiannual)

By putting the value we get

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6 0
3 years ago
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling pri
natta225 [31]

Answer:

inventory value=$ 377,000.00  

Explanation:

In applying the rule of the lower cost of cost or net realizable value,we compare NRV(selling price minus cost to sell) with the replacement cost(current price), where the lower of the two is then compared against the original cost of the inventory item as done in the attached.

Value of inventory=$120,000+$126,000+$90,000+$41,000=$377,000.00  

 

Download xlsx
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