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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.

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What makes someone wealthy

murzikaleks [220]

Answer:

money and power

but lots of money

8 0

4 years ago

Sydney wins a prize. She has a choice of receiving a payment of $160,000 immediately or of receiving a deferred perpetuity with

Mamont248 [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

A) i= 5%

First, we need to determine the value of the perpetuity four years from now.

Perpetuity= 10,000/0.05= 200,000

Now, we can calculate the present value:

PV= 200,000/(1.05^4)= $164,540.50

B) i= 6%

Perpetuity= 10,000/0.06= $166,666.67

PV= $166,666.67/1.06^4= $132,015.61

C) She should consider her necessities of cash and the value of the products she can purchase now.

5 0

3 years ago

Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,565,000. Hard

kicyunya [14]

Answer:

The correct answer is $199,437

Explanation:

Percentage of Cost attribute to hardware = Appraised estimation of equipment / Total assessed estimation of land, building and hardware

Percentage of Cost attribute to hardware = $1,606,000 / ($814,000 + $2,420,000 + $1,606,000)

Percentage of Cost attribute to hardware =33%

Cost at which hardware to be recorded = $2,565,000 × 33%

Cost at which hardware to be recorded = $846,450

depreciation cost for the hardware in the principal year = ($846,450 - $19,000) × 282000/1170000

depreciation cost for the hardware in the principal year = $199,437

3 0

3 years ago

In a CBA, if the benefits of a control outweigh the costs of implementing that control, then the control can be implemented to r

Ilya [14]

Answer:

The risk should be accepted

Explanation:

CBA stands for cost-benefit analysis (CBA). it is a technique used in measuring the cost to an enterprise as well as the benefit that is associated with an intended course of action.

Some controls are costly to establish, it is a standard practice to measure the cost to an enterprise to establish control on a certain aspect of their operation and compare the result with the estimated benefit from such control. where it is discovered that the benefits outweigh the costs, the control will be implemented otherwise, the firm should accept the risk.

6 0

3 years ago

A company has $100,000 in "outstanding accounts receivable" and it uses the allowance method to account for uncollectible accoun

alukav5142 [94]

Answer:

D. $4,900

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales.

Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt.

Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Amount of uncollectible debt estimated

= 4% * $100,000

= $4,000

This represents what the balance in the allowance for doubtful debt account should be at the end of the period. Since the account has a debit of $900, the amount to be posted will be a credit of

= $4,000 + $900

= $4,900

The corresponding debit entry will be posted to bad debts expense.

4 0

3 years ago