Answer:
Answer is 5. Even if a minor is allowed to disaffirm a contract for a necessary, the minor will still be held liable for the reasonable value of the necessary.
Refer below.
Explanation:
In the dispute between Sally and the owner of Dings and Dents, the following is true regarding the defense of Sally and her parents that the car was a necessary:
Even if a minor is allowed to disaffirm a contract for a necessary, the minor will still be held liable for the reasonable value of the necessary.
This illustrates the effect of the socioemotional that the students get from their supervisors. This form of validation and assurance increases their sense of efficacy, confidence and ego.
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Answer:
The public debt owed by Eastland is $400 million
Explanation:
In this question, we are asked to calculate the amount of public debt in Eastland.
Public debt refers to the amount of money owed by a country to external borrowers.
It doesn’t include such debt that the country owes itself. For example, debts owed by one agency of government to another.
Hence to calculate the public debt of Eastland, we add the amount of debts owed by citizens of Eastland + Amount of debts owed by foreign citizens in Eastland .
Amount of debt owed by citizens of Eastland is $200 million while the amount of debt owed by foreign citizens is also $200 million.
Mathematically the public debt will be ; $200 million + $200 million = $400 million
Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
Answer:
Explanation:
The journal entry is shown below:
Work in Process-Molding A/c Dr $3,000
To Accounts Payable Control $3,000
(Being the purchase and used production is recorded)
The computation of the purchase amount is shown below:
= Number of kgs purchased × price per kg
= 500 kgs × $60
= $3,000
The other information which is given is not considered. Thus, ignored it