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elena-s [515]
3 years ago
8

Peter contracted with Abe to buy his motorcycle. Peter thought he had bought the 2011 motorcycle, but Abe had intended to sell h

is 1990 motorcycle. Since both parties were mistaken about a material term of the contract, this is called a(n) ____.
Business
1 answer:
Molodets [167]3 years ago
6 0

Answer:

This is called a MUTUAL MISTAKE

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Rajan Company's most recent balance sheet reported total assets of $2.10 million, total liabilities of $0.70 million, and total
andrew11 [14]

Answer:

0.5.

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Assets - Liabilities = Owner's Equity.

As the name states, the debt to equity ratio is simply obtained by dividing total debt (liabilities) by the total equity, total assets should not be included:

DER = \frac{0.70}{1.40} =0.5

Rajan Company's  debt to equity ratio is 0.5.

4 0
3 years ago
Jumpin Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to
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Answer:

$101,500

Explanation:

Net Sales    $2,030,000

Allowance for uncollectible Accounts ($2,030,000*5%)=$101,500

The amount of uncollectible accounts to be reported in income statement shall be $101,500

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3 years ago
Suppose the price of movie tickets decline. The income effect means that :
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Answer:

a would be the answer for the question

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2 years ago
Conversations with people who start their own business often reveal that Group of answer choices most small business owners begi
Umnica [9.8K]

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Conversations with people who start their own business often reveal that many small business owners got their entrepreneurial idea from a previous job.

Small businesses are started either as a sole proprietorship or partnership, where they sell fewer resources than a larger company. Entrepreneurial ideas come from starting the business from previous jobs to help the small business make maximizing profit

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The term monopoly refer most specifically to
Alisiya [41]
<span>the exclusive possession or control of the supply or trade in a commodity or service.</span>
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