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ella [17]
3 years ago
14

Grain co-op, llc and hearty cereals, inc., discuss the terms of a contract for periodic deliveries of corn. grain faxes hearty a

memo on grain's letterhead that summarizes the points on which they agreed, including a two-year term. grain begins to perform, and hearty accepts the deliveries but refuses to pay.
Business
1 answer:
pishuonlain [190]3 years ago
3 0
The answer is "<span>Refer to Fact Pattern 16-1. Between Grain and Hearty, there is a</span><span> written contract".
</span>
An agreement is a verbal or written consent to do work in return for some advantage, for the most part an payment. A written contract is an agreement made on a printed record that has been marked by both the moneylender and the borrower. Composed contracts are lawfully official and less demanding to implement than oral contracts.
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​Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of​ $77,000; Ross has a capital of​ $119,000; and Carol
gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars                                          Debit                     Credit

Carol Capital Account                      $4,500

Ross Capital Account                       $4,500

Ronald Capital Account                                                  $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0
3 years ago
A feature of monopoly that leads to unfavorable consequences is that it:
sammy [17]
Generally, prices are inflated when there are fewer choices.  
6 0
3 years ago
What are features and benefits?
spayn [35]

Answer:

Explanation:

Features are something invented Benitez its like advice

8 0
2 years ago
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales po
Nutka1998 [239]

The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.

Using this formula

Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)

Let plug in the formula

Midsized automobile price  = $11,000 (3× -1.2) / 1 + (3× -1.2)

Midsized automobile price  = $14,000 × -4.8/ -3.8

Midsized automobile price = $14,000 × 1.384615

Midsized automobile price  = $15,230.765

Midsized automobile price =$15,230.77 (Approximately)

Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.

Learn more here:brainly.com/question/16991499

3 0
2 years ago
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
ArbitrLikvidat [17]

Answer:

B) yes no yes

Explanation:

The preparation is shown below:

Particulars Product X Product Y Product Z

Units produced 1,600           2,100         3,100

Sales Value at split off per unit $14 $19 $16

Total Sales Value at split off   (a) $22,400 $39,900 $49,600

Units produced 1,600 2,100 3,100    (X)

Sales Value per unit $20 $20 $25

Additional Processing cost per unit $5 $7 $7

Net Realizable Value = Sales value - Further costs $15 $13 $18 (y)

Total Realizable Value if processed further (b) $24,000 $27,300 $55,800   (x × Y)

Difference = b- a $1,600 -$12,600          $6,200

Processed further Yes            No               Yes

As the product X and product Z contains positive number so it should be processed and Product Y should not be processed as it contains negative number

6 0
3 years ago
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