Answer:
B. agreements between two or more parties
Explanation:
if you were to sign a contract for something huge and you were broke the contract before you had finish the time that you had signed whom ever you signed it could end in a law sue and maybe even jail time.
Hope this helps :)
Answer:
1.89%
Explanation:
The book value of the merchandise is $178,000
Physical inventory reveals stock is worth $169,000
The shrinkage = $178,000 - $169,000
=$9000
As a percentage of sales, the shrinkage will be
=$9000/$476,000 x 100
=0.0189076 x 100
=1.89%
Answer:
Asset exchange transaction
Explanation:
Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.
Rent paid in advance is recorded as follows:
Dr Prepaid rent
Cr Cash
As the months go by, the prepaid rent is credited and rent expenses is debited.
Dr Rent expense month 1
Cr Prepaid rent month 1
Answer:
Debit: Accounts Receivable 707,350
Credit: Sales Revenue 658,000
Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350
Explanation:
Answer:
D, are probably not engaged in intense competitive rivalry
Explanation:
A competitive analysis framework or framework of competitive analysis can be said to be an analysis model that is used to examine a competitor market structure. This in turn helps you to properly prepare or structure your market analysis.
There are about 5 competitive analysis frameworks. They include SWOT(strength Weakness Opportunity Threats), Porter's five forces, Strategic group analysis, growth share matrix, perceptual mapping.
In the case of Rapid-Built Homes and ModMod, they are not exactly involved in intense competitive rivalry because while Rapid-Built homes is a developed by real estate speculators, ModMod is a side business for two architecture professors. This means that selling of housing units by Rapid-Builts is the source of main income for the company while for ModMod, is it not the main source of income for the professors.
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