Answer:
5.20 times
Explanation:
Account receivable $29,500 + $45,000
= $74,500
$74,500 / 2 =
=$37,250
$194,000 / $37,250
= 5.20 times
Therefore Stealth Company's 2021 receivables turnover ratio is: 5.20 times
It basically means that, if you are a shareholder of a certain business, you are only a liability up to the extent where your shares hold you to
Answer:
Yes, it is a binding contract.
Explanation:
A contract is a legal binding agreement between two or more parties at the court of law. The agreement could be in terms of money, services, right or duties between the parties involved.
Since a consent has been reached between the two parties before the judge, Charles would pay the sum in the stipulated manner. The acceptance of the offer of payment by Sandra made it a binding contract for Charles, so he is bound by this service until he pays the full amount to Sandra.
<span>Drinking
coffee DO NOT decrease the chances of an alcohol overdose. Only the
passage of time can decrease the overdose. The human body cannot take up a
high percent of alcohol that is why most people who get drunk by alcohol ended
up either vomiting or passing out. Alcohol dampens the nerves that regulates
involuntary action such as gag reflex and breathing. There is danger in
vomiting since the person can be choked which lead to asphyxiation to a person
who is unconscious and could result to death. When a person passes out, it’s
BAC or blood alcohol concentration rises. Even if the person stops drinking, alcohol
in the system continues to circulate in the stomach and in the intestine that
is why it is not safe to assume that a drunk person is better of sleeping to
make it go away.
</span>
Answer:
six months
Explanation:
Restricted shares are form of securities that are gotten in private sales, from an affiliate of the issuer or through an issuing house. Basically, restricted securities are a form of compensation given to investors in exchange for providing start up capital to a company hence are issued through employee stock benefit plans, private placements, regulation offerings etc.
According to rule 144, before an investor could sell any restricted securities in the market place, such securities must be held for a certain period of time, usually six months for a reporting company, who is subject to the reporting requirements of SEC 1949.
However, where the issuer of the securities is not subjected to reporting requirements of SEC, then the investor could hold them for a period of one year.
