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3 years ago

The intent of the parties may be determined by evaluating what the parties said, how the parties acted, and

2 answers:

5 0

The intent of the parties may be determined by evaluating what the parties said, how the parties acted, and the circumstances surrounding the transaction. The intent between two or more parties is an agreement that allows the parties to create legal obligations between them to make sure everything is accurate and complied with. Those working together have an agreement that states what is allow and what is not allowed while working together.

Alina [70]3 years ago

4 0

An intent is an agreement betwen parties<span> with the </span>intention<span> of creating legal obligations. It should </span><span>be interpreted according to the common intention of the parties. </span>
The intent of the parties may be determined by evaluating what the parties said, how the parties acted, and the circumstances surrounding the transaction

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A store has a 6% restocking fee. If you join the store’s membership program, all items over $100 will have a flat rate restockin

Dvinal [7]

Saving means the amount of income that is not spent on a particular product.

The member of the store will save $5 if they return an item costing $240.

<h3>What is saving?</h3>

Saving is defined as the part of income not spent, or delayed consumption. Methods of saving, consider putting money set aside.

<u>Example:</u>

A deposit account, a pension account, an investment fund, or cash. Saving also refers to separating down expenditures, like recurring costs.

In the above situation, it is clearly mentioned that if any member would return the item which costs above $100, then he would save $5. So here the item which the member is returning is above $100 then, the member would save $5.

He would pay only $235 ($240-$5).

Therefore, the member will save $5, on returning the item.

To learn more about saving, refer to:

brainly.com/question/7965246

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2 years ago

Merchandise inventory is Select one: a. None of the above b. Reported under the classification of Property, Plant and Equipment

Elden [556K]

Answer:

d. Reported as a current asset on the balance sheet

Explanation:

Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.

Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.

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3 years ago

In an open economy, gross domestic product equals $2,450 billion, consumption expenditure equals $1,390 billion, government expe

N76 [4]

Answer:

$735 billion

Explanation:

Calculation to determine the national saving

Using this formula

National saving =Gross domestic product-Consumption expenditure-Government expenditure

Let plug in the formula

National saving=$2,450 billion-$1,390 billion- $325 billion

National saving=$735 billion

Therefore the national saving is $735 billion

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3 years ago

Stopping a vehicle with good brakes from 20 miles per hour under good conditions requires about:

Anuta_ua [19.1K]

About 40 jewls of power in the other direction

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3 years ago

Five thousand shares of treasury stock of Marker, Inc., previously acquired at $14 per share, are sold at $20 per share. The ent

Artist 52 [7]

Answer:

d) credit to Paid-in Capital from Treasury Stock for $30,000

Explanation:

The entry for profit in sale of treasury stock is as computed below

Account Details Debit Credit

Cash (5000*20) $100,000

To treasury stock (5000*14) $70,000

To Additional paid in capital (5000*6) $30,000

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3 years ago