Stock market is the market where buyers and sellers come together to make deals with stocks of companies.
E-commerce is a market that is present in the cyberspace or in the internet
Physical place of business are businesses that have physical store fronts or offices such a supermarket.
The answer is
4. taxation
Answer:Gundy Enterprise journal $
Date
Jan 31 2021
Income statementl Dr 641.67
Mortage Interest. Cr. 641.67
Recognition of interest payable on mortgage loan for December 2021
Jan 31 2021
Mortgage principal Dr 635.52
Mortgage interest Dr. 641.67
Bank Cr. 1277.19
Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.
Explanation:
The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.
The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.
The 1040 form is used to collect federal tax
There are six types of business plans:
<span>1. </span><span>Start-up – details the steps to start a new business.</span>
<span>2. </span>Internal - targets an audience within the business
<span>3. </span>Strategic - details company’s goals and how to achieve them, lays out a foundational plan for the company
<span>4. </span>Feasibility - describes the need for the product or service, makes recommendations
<span>5. </span>Operations - are internal plans that consist of elements related to company operations
<span>6. </span>Growth plans.- are expansion plans written for internal or external purposes
If a plan sets long-term goals for an organization it is strategic planning.
Guido and hal want to rescind their contract under which Guido sold hal a mountain bike for $100. To rescind the contract. Guido must return the $100 and Hal must return the bike.
<h3>What do you mean by contract?</h3>
- A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties.
- The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts.
- The damaged party may seek legal remedies like damages or rescission in the event of a contract breach.
- The foundation of contract law, which is the area of law of obligations pertaining to contracts, is the idea that agreements must be upheld.
<h3>What constitutes a contract's seven elements?</h3>
- Basics of contracts.
- Classification of contracts.
- Offer.
- Acceptance.
- A gathering of minds.
- Consideration.
- Capacity.
- Legality.
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