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3 years ago

If you want to prevent any disputes about the application of the parol evidence rule, what should you do?

Business

2 answers:

german3 years ago

5 0

Answer:

Make sure terms are included in a written contract.

Explanation: The parol evidence rule is mainly used to prevent a party from introducing and evidence oral or written that has occurred before or while the agreement was being concluded to its final form. It helps protect and safeguard the terms of an agreed contract. It's essential to make sure both parties are okay with the terms of the contract.

Scilla [17]3 years ago

3 0

Answer:

Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.

Cheers!

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What are the weaknesses of the cash payback approach? A. It uses accrual-based accounting numbers B. It ignores the time value o

Debora [2.8K]

Answer:

D. Both (B) and (C) are true

Explanation:

Cash payback approach is helpful to know the number of years, project would take to recover the initial investment. It could be calculated by dividing initial investment by cash flow per year. It is very simple and easy approach to compare projects and find number of years to recover the initial investment. The most serious weekness of cash payback approach is, it ignore the time value for the money, it also ignore project profitablity and project`s return on investment. As according to cash payback approach, it consider projects with short payback time as profitable and thus ignore useful life of alternative projects.

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3 years ago

For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The

scoundrel [369]

Answer:

Equipment:

Dr. Cr.

Depreciation Expense $5,520

Accumulated Depreciation $5,520

Land:

Land never depreciates, so there is no adjusting entry for the Land purchased on year end.

Explanation:

Year end is not given in the data so, it is assumed the December 31 is the end of the year

Equipment

Depreciation for the year = ( Purchase price - Residual value ) / useful life

Depreciation for the year = ( $32,000 - $4,400 ) / 5 years

Depreciation for the year = $5,520

8 0

3 years ago

The production plant for Ace Manufacturing has been located in the same place for over 100 years. It has just completed its new

Reptile [31]

Answer:

True

Explanation:

A single use plan is basically a one time business transaction that is supposed to take place only once and should not be repeated in the future. In this case, the production plant has been used for more than 100 years, but once it is sold, its history and the company should no longer have any type of relationship with it.

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3 years ago

A person has just been awarded an income increase to offset the effects of an increase in the overall cost of living in his coun

ArbitrLikvidat [17]

The person's new salary based on the new CPI of 112 should be $30,545.

<h3>What is the consumer price index (CPI)?</h3>

The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.

Data and Calculations:

Old CPI = 110

New CPI = 112

Old salary = $30,000

New salary = $30,545 ($30,000/110 x 112)

Thus, the person's new salary based on the new CPI of 112 should be $30,545.

Learn more about the consumer price index (CPI) at brainly.com/question/24888747

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2 years ago

(a) When an anti-assignment clause exists in a contract, a court will not enforce it because it is against public policy.

lidiya [134]

Answer:

a. FALSE

b. A contract cannot forbid the assignment of the right to receive funds . Assignments also cannot be restricted for the transfer of real estate , also called a restraint against alienation . A contract cannot prohibit the assignment of checks or promissory notes, also called negotiable instruments . The right to receive damages in a contract for the sale of goods also can be assigned, even if the contract forbids it.

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3 years ago