Answer:
$98,400
Explanation:
A trial balance shows the balances of all the accounts of an entity at the end of a period. It is basically grouped into debits and credit balances with the debits being the asset and expense while the credit balances are common stock, Income and liabilities. The trial balance of Broadway, Inc.âs is as shown below
Accounts Balances Debit Credit
Cash 45,000.00
Equipment 10,800.00
Land 42,600.00
Accounts Payable 27,600.00
Notes Payable 49,000.00
Common Stock 21,800.00
Therefore, total credits
= 27600 + 49000 + 21800
= $98,400
Is this a true or false question? Is it multiple choice? is it expected to be written in complete sentences as a short answer? I need more context on how to respond to the situation in the question :)
It is an example of unilateral contract.
A unilateral contract expressly states that payment will be made solely via the performance of one party.
A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.
In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.
Therefore, the answer is unilateral contract.
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Answer: norms
Explanation: In simple words, norms refers to the standard behavior that is expected from a group or an individual in a certain social or work environment.
Norms includes rules and procedures, which are usual and typical in nature, that guides the actions of an individual while performing the activities he or she is obligated to.
In the given case,the lawyers are also guiding the new employees how to act in certain situation hence they are teaching them norms of the organisation.
Answer:
The correct answer is: decrease; decrease.
Explanation:
A high inflation rate in the home country as compared to other countries implies that the price level will be relatively higher. This will cause the export demand to decrease and import demand to increase as the foreign goods will be cheaper than the domestic goods.
This increase in imports and a decrease in exports will cause the current account balance to decrease.
An increase in income will cause the demand to increase. A shift in the demand curve will cause the price level to increase. An increase in the price level will decrease the current account balance as mentioned above.