A verbal contract is generally legally binding, but enforcement requires a significant burden of proof. In this particular instance, there would be exceptional difficulties in compelling Chris to pay.
Answer:
6
Explanation:
The average turnover ratio is calculated using the formula.
average turnover ratio = Costs of goods sold
Average inventories
For Wilkens Company, Costs of goods sold will be sales revenue - the gross profit
= $1,800,000- $600,000 = $1,200,000
Average inventory = Beginning stock + Ending stock /2
= $160,000 + $240,000 /2
=$200
Average turnover ratio = $1,200,000
$200,000
=6
Answer:
D
Explanation:
i believe it could also be c
The total workforce will be calculated as -
Total workforce = (Workers + Supervisors + Liner managers + Division managers + Executive managers + CEO)
Total workforce = (270 + 30 + 10 + 5 + 2 + 1)
Total workforce = 318
Reduced Productivity =( Number of Supervisors )/( Total workforce) X 100
Reduced Productivity = 48/318 X 100
Reduced Productivity = 15.1 %
Answer:
C) Cash...........................600,000............Unearned Subscription Revenue.....600,000
Explanation:
January 31: 60,000 subscriptions sold
- Dr Cash account 600,000
- Cr Unearned Subscription Revenue account 600,000
Since cash is an asset account and it increases, then it should be debited.
Unearned revenue is a liability account, since the company received money in advance for future publications. When liabilities increase, they should be credited.