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2 years ago

Certain types of contracts must be in writing pursuant to the statute of _____.

Business

1 answer:

marta [7]2 years ago

5 0

Certain types of contracts must be in writing pursuant to the statute of "frauds".

A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.

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When the ace hardware store located in franklin mails an advertising flyer to all the residents in the community, it is an examp

densk [106]

This could be either print media or support media. I believe it is print media.

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3 years ago

__________ is a contra asset account representing the amount of accounts receivable that we do not expect to collect.

maw [93]

Answer:

Allowance for uncollectible accounts

Explanation:

This account is a contra asset account which says that the account receivable amount is not collected in near future

It is shown in the asset side of the balance sheet

Assets side

Current Assets

Accounts receivable XXXXX

Less: Allowance for doubtful debts (XXXXX)

Net accounts receivable XXXXX

It is an estimated amount which is not to be paid by the customer in respect to goods delivered to them

The journal entry would be

Bad debt expense A/c Dr XXXXX

To Allowance for uncollectible accounts A/c XXXXX

(Being the uncollected amount is recorded)

6 0

3 years ago

Which of the following will not increase the demand for hot dogs (i.e. which will not shift demand to the right)?

lapo4ka [179]

Answer:

b. The price of hotdogs fall.

Explanation:

The demand curve will shift to the right when the demand increases with an increase in demand due to change in factors other than the price.

5 0

2 years ago

‏( Z ) Company has beginning inventory of 15,000 units and expected sales of 23,000 units . If the desired ending inventory is 1

devlian [24]

Answer:

the number of units should be produced is 26,000 units

Explanation:

The computation of the number of units should be produced is as follows:

Units to be produced is

= Expected sales units + ending inventory units - beginning inventory units

= 23,000 units + 18,000 units - 15,000 units

= 26,000 units

Hence, the number of units should be produced is 26,000 units

4 0

2 years ago

Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 15 years, because the firm needs to plo

Zolol [24]

Answer:

current share price = $5.40

so correct option is C. $5.40

Explanation:

given data

dividends paid = 15 years

pay = $6 per share

increase = 4%

to find out

current share price

solution

we know that Value after year 15 will be = ( D15 × Growth rate) ÷ (required return - growth rate) ......................1

put here value

Value after year 15 = $\frac{6*(1+0.4)}{0.16 - 0.04}$

Value after year 15 = $52

so here current share price will be

current share price = Future dividends × Present value of discounting factor

current share price = $\frac{6}{(1+0.16)^{16}}+\frac{52}{(1+0.16)^{16}}$

current share price = $5.40

so correct option is C. $5.40

4 0

3 years ago

Certain types of contracts must be in writing pursuant to the statute of​ _____.

Certain types of contracts must be in writing pursuant to the statute of _____.