Answer:
The correct option is B, Rita's is in breach of contract.
Explanation:
Breach of contract occurs when a party or parties to a legally binding and enforceable agreement refuse to discharge their duties as stipulated in the contract.
Even though Rita's inability to pay as at when due was not intentional as Rita's bank had closed, the onus is still on the company to fulfill its obligation.
It is important that both parties find an amicable way to enforce the terms of the contract or Commercial Construction ,Inc (CCI) tries recover financial damages caused to it by the breach or in an extreme situation, they settle for lawsuit.
The answer is B partnership
Answer:
Dr cash $375,000
Cr unearned revenue $375,000
Dr unearned revenue $37,500
Cr revenue $37,500
Explanation:
The total amount realized from the sale of tickets is $375,000($250*1500)
However,the cash proceeds should be debited to cash while it is also credited to unearned revenue
The revenue from fulfilling the performance obligation=1/10*$375,000=$37,500
The $37,500 is debited to unearned revenue and credited to sales revenue as that amount has now been earned
A stock <span>symbol</span> is a short combination of letters used to identify the stock of a particular company.
Answer:
Dissociative Fugue
Explanation:
Dissociative Fugue is a situation whereby an individual cannot recall a part or all of his past. It is a form of dissociative Amnesia. It is caused by extreme psychological trauma as opposed to a physical trauma, illness or other medical conditions. It is commonly found in people who experiences dissociative identity disorder. Since Mr Jones said he could not remember any information, he is said to be most likely suffering from dissociative amnesia with fugue.