6. Which group tends to experience poverty most often?

Jim makes a contract with Oleta to sell her a 1965 lava lamp once owned by a famous artist. Jim later decides that he does not w

Aloiza [94]

Answer:

c. can require Jim to specifically perform the contract.

Explanation:

Specific performance is a remedy used in contract law by which the non-breaching party requires a court to order that the breaching party fulfills the performance included in a valid contract.

In this case, Oleta can request a court order that forces Jim to sell the lava lamp to her at the price specified in the contract.

4 0

3 years ago

Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footn

alexgriva [62]

Answer:

The correct answer is Option B.

Explanation:

The full disclosure principle is a concept that requires all necessary details relating to the notes to the financial statements are provided and explained in such a way that would be understandable to the users of the financial statements.

The disclosures are expected to be in compliance with the accounting standards, regulatory pronouncements, among others.

6 0

3 years ago

On January 1, 2019, Brooks, Inc., borrows $90,000 from a bank to purchase machinery. Brooks signs a 5 percent installment note r

klasskru [66]

Answer:

A Journal entry for Brooks Incorporation on January 1, 2019 which is shown below

Explanation:

Solution

Given that:

JOURNAL ENTRY FOR BROOKS INCORPORATION

Date General Journal Debit Credit

Jan 01 2019 Cash 90000

Notes Payable 90000

Thus

A Journal entry was recorded for Brooks Incorporation.

Here, the cash of $90,000 was recorded at the debit side of the Journal.

While the notes payable of $90,000 was also recorded on the credit side

7 0

3 years ago

Wes Motors has total assets of $98,300, net working capital of $11,300, owners' equity of $41,600, and long-term debt of $38,600

Molodets [167]

Answer:

Current Assets = $29,400

Explanation:

Total Assets = Total Liabilities + Owner's Equity

$98,300 = (Long Term Debt + Current Liabilities ) + Owner's Equity

$98,300 = $38,600 + Current Liabilities + $41,600

Current Liabilities = $98,300 - $38,600 - $41,600

Current Liabilities = $18,100

Net Working Capital = Current Assets - Current Liabilities

$11,300 = Current Assets - $18,100

Current Assets = $11,300 +$18,100

Current Assets = $29,400

6 0

3 years ago

An important marketing metric used to evaluate how well firms perform on the five service quality dimensions is the __________,

Pavlova-9 [17]

Answer:

<u>Zone of tolerance</u>

Explanation:

Zone of tolerance with respect to a service refers to, the acceptable range to a customer, that lies between the perceived desired level of service expected and the minimum level of service acceptable.

The service which the customer anticipates or expects to be delivered by a firm is referred to as predicted service.

Customer expectations do not depict a single level of expectation, rather they follows a range of expectations. This range is represented as zone of tolerance.

If the service received lies in the zone of tolerance, the customer would be satisfied. If it is higher than the desired level, the customer would consider it exceptional.

In case the service received falls below the minimum level of acceptance, the customer would be disappointed and feel deceived or tricked.

4 0

3 years ago