Answer:
The correct answer is : C. Neither breached the contract because there is no contract until Friday.
Explanation:
As the contract will only become valid when both the parties Mohan and ACME sign up and this will only happen on Friday. But as Mohan is informed by the Acme on Tuesday that they can not hire him before signing up the contract that is scheduled on Friday. Since there is no valid agreement between parties, no breach of contract occurred.
Thus, the correct answer is option C. Neither breached the contract because there is no contract until Friday.
The action that the retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.
<h3>What brings an increase in gross profit margin?</h3>
A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be smaller as production volume is getting bigger.
An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.
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Answer:
Debit Office supplies, $500; credit Accounts payable, $500.
Explanation:
Purchase of supplies on credit will increase the supplies and increase the account payable balance as well. Supplies account is an asset account therefore it has debit balance and Account payable is a liability account so it has credit balance. To reflect the event following Journal entry is recorded.
Debit Office supplies $500
Credit Accounts payable $500
Answer:
$13,915,000
Explanation:
Land-cost $1,250,000
Construction cost $12,000,000
Equipment cost(150,000+15,000) $165,000
Inventory $500,000
Total initial investment outlay $13,915,000
Please note that fair value of land is irrelevant as the land was purchased for the outlet being set up and not for any other project.
Answer:
A house lot. (Landlords)
Explanation:
You can hold houses for people to live in while they pay a monthly fee.
