Answer:
Explanation:
Dec 31:
Debit Bad debts expense = 0.003 × $896000 = $2688
Credit Allowance for doubtful accounts = $2688
February 1:
Debit Allowance for doubtful accounts $448
Credit Accounts receivable—P. Park $448
June 5:
Debit Accounts receivable—P. Park $448
Credit Allowance for doubtful accounts $448
June 5:
Debit Cash $448
Credit Accounts receivable—P. Park $448
Answer:
18.38% and 13.2%
Explanation:
As we know that
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
So for Discount store, it is
= 5.8% + 1.7 × 7.4%
= 5.8% + 12.58%
= 18.38%
And for everything store, it is
= 5.8% + 1.0 × 7.4%
= 5.8% + 7.4%
= 13.2%
The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied.
A pure market economy is also called capitalism. or pure capitalism.
Answer:
measure production activity for the period
Explanation:
I got this right
Answer & Explanation:
a). The contract between Lisa and Bob is valid and enforceable as a valid contract is an agreement between parties lacking no element. The contract was very detailed and well discussed regardless of Bob drinking it is still enforceable unless Bob can proof that the intoxication impaired his judgement and made him incompetent to sign the contract thereby making it void.
b). The contract will be valid if Bob signed it before the drinks arrived as the document was complete and his signature show acceptance of the terms of the contract.
c). A minor can not enter into a contract as they may lack the capacity to enter into a valid contract. As such, if Bob was a minor regardless of him being sober any contract signed by him can be completely voidable.
