Answer:
Promissory estoppel
Explanation:
Promissory estoppel means that in legal tenet that a promise or pledge can be enforced by law, actually if formulated without legal consideration, if the George now the (promisor) has made a pledge to a Susy the (promises) who then depends on that promise for a subsequent detriment. So what Promissory estoppel is expected to do is to stop the (George) promisor from insisting that an underlying promise should not be legally authorized or implemented. So Susy can sue George on the basis of promissory estoppel and get a reward for George's disappointment
Answer: E) Cash
Explanation:
The Supplier should be most concerned with the Cash Ratio when granting credit. The Cash Ratio measures the amount of Cash in addition to the amount of Cash equivalent assets that the company has against it's current Liabilities in other to see if the company can be able to pay off it's Current Liabilities with it's current Cash and Cash Equivalents.
The Supplier will therefore be concerned with this ratio to see if the company is indeed able to pay back within 10 days before they can be able to grant credit.
Answer:
C) $4,965,000.
Explanation:
cash collected form customers = accounts receivable beginning balance + total revenue - accounts receivable beginning balance = $320,000 + $5,000,000 - $355,000 = $4,965,000
The direct method only uses actual cash outflows and inflows to calculate the cash flow from operating activities.
Answer:
Option (C) is correct.
Explanation:
Here, we are using the double declining-balance depreciation method:
Given that,
Building cost = $800,000
Estimated residual value of the building = $50,000
Expected useful life = 25 years
Annual depreciation rate as per straight line method:
= 100 ÷ 25 years
= 4% per year
Hence, depreciation as per double decline balance method:
= 2 × Annual depreciation rate as per straight line method × Beginning value of each period
In year 1,
Ending value = Beginning value - Depreciation
= $800,000 - (2 × 4% × $800,000)
= $800,000 - $64,000
= $736,000
In year 2,
Depreciation = 2 × 4% × $736,000
= $58,880
Answer:
- employees
- independent contractors
Explanation:
Independent contractors are people that are hired to work for another person or company but not as employees and they must pay their own Social Security and Medicare taxes.