Answer:
"The restuarant said the food needs 15 more minutes to cook. Sorry for the wait!"
Explaination:
maybe something along the lines of that??
Answer:
Dr Salaries Payable $3000
Dr Salaries Expense $3600
Cr Cash $6600
Explanation:
Preparation of the entries to record the $6600 payment of salaries in January of the following year.
Based on the information given Appropriate journal entries to record the $6600 payment of salaries in January of the following year will be:
Dr Salaries Payable $3000
Dr Salaries Expense $3600
($6600-$3000)
Cr Cash $6600
(To record payment of salaries)
Answer:
1. Bankruptcy law is primarily state law. b. False
2. The <u> </u><u>federal </u> government is given the power to establish bankruptcy laws in Article I, Section 8 of the <u> U.S constitution</u>. The purpose of bankruptcy law is to protect the <u> debtor </u> by giving him or her a fresh start and to ensure <u>equitable</u> treatment of the <u> </u><u>creditors</u>.
Fill in the blanks with words that would best complete the passage.
equitable federal debtor perfect state assets state constitutions creditors U.S. Constitution
3. Bankruptcy proceedings are held in <u> federal bankrupcy courts</u>.
4. Title <u> 11 </u>of the United States Code contains the Bankruptcy Code.
5. The Bankruptcy Code has several chapters. Chapter <u> 7 </u>provides for liquidation proceedings, Chapter <u> 11 </u>governs reorganizations, and Chapter <u>13</u> provides for an adjustment of debts for individuals with regular income.
6. In order to obtain bankruptcy relief a debtor must be insolvent, or unable to pay his debts. b. False
7. Consumer-debtors are those whose debts result from the purchase of goods for <u> personal</u> use. The Bankruptcy Code<u> </u><u>requires</u> that court clerks provide additional<u> information </u>to consumer-debtors when they file for bankruptcy.
Answer:
Explanation:
It seems to be a bilateral contract among Tabor and Martin with valid contract, as both parties have the capacity to fulfill duties. Martin delivers the cabinets and Tabor pays for them upon delivery, using the installment method as a promise while the second installment is done. This way, the bilateral contract was interrupted and needed consideration due to the incapacity of Martin to perform correctly from the agreement.
Martin cannot legally collect $100 from delivering the remaining 10 cabinets on the nest installment. There is one way that he could have collect the money legally, but he made a wrong reasoning to Tabor with regards to the additional payment: will promise to deliver the remaining thirty cabinets only if Tabor will pay $50 per cabinet. This means that Martin had violated the original agreement. Tracing the contract, the deficit of $10 per cabinet would mean incapacity of one party to fulfill the agreement. Also, the modification of agreement gave Tabor no choice to have his cabinets delivered due to Tabor’s statement only if Tabor will pay $50 per cabinet