Answer: a motion for summary disposition or summary judgement.
Explanation:
A summary judgement is also known as summary disposition or judgement as a matter of law. A summary judgement is a judgement that is entered by a court for a party at the expense of another party which is summarized. It is a judgement without a full trial.
Summary judgement can be as a result of discretion in the case or merits of a case. The above case is an example as both parties agree to the facts with Delta supporting it with sworn statements.
Answer:
Debit Petty cash $200 and credit cash $200
Explanation:
Accountants evaluate business activities and put them in record using journal entries such as debit-credit rules as a guide. Normally, an accountant will use specific journals for numerous journal entries of the same type – like sales journals, cash journals and purchases journals. Businesses which are large usually use specialized journals, while businesses which are smaller tend to only use a general journal that has all transactions. Recording journal entries is only the first step in the accounting.
Answer:
The NPV value of the profit over the three year period is $9,900,966.32
Explanation:
The NPV of the profit over three year period was computed by first of all incorporating all growth assumptions relating to sales volume,sales price,variable and fixed costs.
With the assumptions incorporated , I calculated the sales revenue,variable and fixed costs per year,hence the profit figure is sales less variable and fixed costs.
Finally I discounted the profit to present using the formula 1/(1+r)^N,where r is the rate of 4% and N the relevant year.
Kindly find attached spreadsheet
As Mei lives in a country where she is free to keep profits from her business and use them as she wishes within legal limits, the type of economy system is known as <u>capitalism</u>.
<h3>What is a
capitalism?</h3>
This refers to an economic system in which private individuals or businesses own capital goods and can employ workers (labor) who only receive wages. Generally, the overall production of goods and services under capitalism is based on supply and demand in the general market—known as a market economy rather than planned economy or command economy.
In conclusion, the known purest form of capitalism is a free market or laissez-faire capitalism.
Read more about capitalism
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