The answer is, supported philanthropic activities to benefit society
Answer:
Legal purpose
Explanation:
The contract is approved when there is an agreement and agreement should be enforced i.e.
Agreement + enforceability = contract
Now the element of the contract that become the contract to be valid is the legal purpose that means the contract that should be made should be legal in the court point of view i.e. feasible
Therefore the second option is correct
Answer:
a) $8.00
Explanation:
Beginning work in progress, conversion $15,900
Conversion costs incurred during period $26,500
Total costs to account for $42,400
Cost per equivalent unit for conversion = $42,400/5,300
= $8.00
Therefore, Department X's cost per equivalent unit for conversion costs using the weighted average method would be $8.00
Answer:
D. the demand for Nike running shoes is less elastic than the demand for shoes.
Explanation:
In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes
So, the option d is correct
Answer:
$6,000
Explanation:
Receivables may be factored to ease the liquidity pressures of an entity. Factoring comes at a cost. As such, when receivables are factored, the entries required are
Debit Cash account
Dr Interest expense (factoring charge)
Credit Accounts receivables
As such, the amount of loss on sale of receivables would Marquess record in June is equivalent to the factoring charge
= 3% * $200,000
= $6,000
