TRUE OR FALSE A court may reform a written contract if it fails to properly reflect the oral agreement.

Which of the following would be a good question for an interviewee to ask during an interview? a. What does this company do? b.

Ede4ka [16]

Answer:

Don't ask this "How long do I have to work before I get a raise?"

Explanation:

very unprofessional and try the job before you ask this .

7 0

3 years ago

What is the best way to pursue a leadership position?

cestrela7 [59]

D would actually be the correct answer because this would actually help improve your qualities of becoming that important leader. And by this, it would show your leadership position

4 0

3 years ago

Economic facts in terms of number are known as

arlik [135]

Answer: Index

Explanation:

Any economic fact expressed in terms of number is known as Index,

Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.

5 0

3 years ago

Milea Inc. experienced the following events in Year 1, its first year of operations:

Ostrovityanka [42]

Answer:

1. Net income = $35,750

2. Stockholders' equity = $48,200

3. Total assets = Total Equity and Liabilities = $56,300

4. Net cash generated = $47,840

Explanation:

1. Prepare the income statement

Milea Inc.

Income Statement

For the Year ended 31 December Year 1

Details Amount ($)

Revenue:

Service income 45,000

Expenses:

Utility expense (1,150)

Accrued salaries (8,100)

Net income 35,750

Dividend paid (1,050)

Retained earnings  34,700 

2. Prepare the statement of changes in stockholders' equity

Milea Inc.

Statement of changes in stockholders' equity

For the Year ended 31 December Year 1

Details Amount ($)

Common stock 13,500

Retained earnings 34,700

Stockholders' equity  48,200 

3. Prepare the balance sheet as of December 31.

Milea Inc.

Balance Sheet

As of 31 December Year 1

Details $

Assets

Current Assets

Ending cash balance 47,840

Accounts receivable ($45,000 - $36,540) 8,460

Total assets  56,300 

Equity and Liabilities

Stockholders' equity 48,200

Liabilities

Current liabilities

Accrued salaries 8,100

Total Equity and Liabilities  56,300 

4. Prepare the statement of cash flows for the Year 1 accounting period.

Milea Inc.

Statement of Cash Flows

For the Year ended 31 December Year 1

Details $ $

Net income 35,750

Adjustment to reconcile net income:

(Increase) decrease in current assets:

Accounts receivable ($45,000 - $36,540) (8,460)

Increase (decrease) in current liabilities:

Accrued salaries 8,100

Net cash from operating activities 35,390

Cash flow from financing activities:

Common stock 13,500

Dividend paid (1,050)

Net cash from financing activities 12,450

Net cash generated 47,840

Beginning cash balance 0

Ending cash balance  47,840 

7 0

3 years ago

10 points...........

olasank [31]

Answer:

A. As a debit because it is a loss

5 0

3 years ago

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