All categories

3 years ago

(a) When an anti-assignment clause exists in a contract, a court will not enforce it because it is against public policy.

Business

1 answer:

lidiya [134]3 years ago

4 0

Answer:

a. FALSE

b. A contract cannot forbid the assignment of the right to receive funds . Assignments also cannot be restricted for the transfer of real estate , also called a restraint against alienation . A contract cannot prohibit the assignment of checks or promissory notes, also called negotiable instruments . The right to receive damages in a contract for the sale of goods also can be assigned, even if the contract forbids it.

You might be interested in

According to the _____, the most effective management theory or idea depends on the kinds of problems or situations that manager

german

Answer: The contingency approach

Explanation:

The contingency approach is one of the type of management theory that helps in understanding the various types of principles in an organization and it is also refers as the situational approach.

The main objective of the contingency approach is that it provide manager the different types of ways to give reaction on the given issue and different types of situation.

According to the question, the contingency approach helps in providing the different types of effective ideas to the manager where they facing different types of problems in an organization.

Therefore, contingency approach is the correct answer.

6 0

3 years ago

Indigo Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the fir

Tema [17]

Answer and Explanation:

a. The journal entries are shown below:

On Feb 1

Cash Dr $2,782,000 (53,500 shares × $52)

To Preferred stock $2,675,000 (53,500 shares × $50)

To Paid in capital in excess of par - Preferred stock $107,000

(Being the issuance of the preferred stock is recorded)

On July 1

Cash Dr $4,018,500 (70,500 shares × $57)

To Preferred stock $3,525,000 (70,500 shares × $50)

To Paid in capital in excess of par - Preferred stock $493,500

(Being the issuance of the preferred stock is recorded)

For recording these both transactions we debited the cash as it increased the assets and credited the preferred stock and additional paid in capital as it also increased the stockholder equity

b. The posting is as follows

Preferred Stock

Date Debit Date Credit

1-Feb $2,675,000

1-Jul $3,525,000

Paid in capital in excess of par - Preferred stock

Date Debit Date Credit

1-Feb $107,000

1-Jul $493,500

c. Now the presentation is shown below:

Preferred stock, $50 par value, 124,000 issued and outstanding - $6,200,000

Paid in capital in excess of par - Preferred stock - $600,500

It is presented on the stockholder equity statement

3 0

3 years ago

Refer to the supply and demand data for a certain elective surgical procedure. Without health insurance, the equilibrium price a

fenix001 [56]

Answer:

$3,000 and 7,000

Explanation:

Please find attached the table used in answering this question

Equilibrium price is the price at which quantity demand equal quantity supplied.

Equilibrium quantity is the quantity that equates quantity demand with quantity supplied.

Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached

5 0

3 years ago

A contingent liability is:Multiple ChoiceAlways of a specific amount.An obligation arising from the purchase of goods or service

Ainat [17]

Answer:

A potential obligation that depends on a future event arising from a past transaction or event

Explanation:

A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.

Contingent liability are usually recorded in the financial statements if :

A. The contingency is likely to occur

B. The amount can be estimated.

I hope my answer helps you

5 0

3 years ago

Present value computation kerry bales won the state lottery and was given four choices for receiving her winnings. receive $400,

Mekhanik [1.2K]

Option 1: PV = $400,000
Option 2: Receive (FV) $432,000 in one year

PV = FV(1/(1+i)^n), where i= 8% = 0.08, n = 1 year

PV = 432,000(1/(1+0.08)^1) = $400,000

Option 3: Receive (A) $40,000 each year fro 20 years

PV= A{[1-(1+i)^-n]/i} where, n = 20 years

PV = 40,000{[1-(1+0.08)^-20]/0.08} = $392,725.90

Option 4: Receive (A) $36,000 each year from 30 years
PV = 36,000{[1-(1+0.08)^-30]/0.08} = $405,280.20

On the basis of present value computations above, option 4 is the best option for Kerry Blales. This option has the highest present value of $405,280.20

4 0

3 years ago