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3 years ago

A _____ is a legally-binding agreement between two or more parties.

Business

2 answers:

AVprozaik [17]3 years ago

5 0

A contract is a legally-binding agreement between two or more parties

sleet_krkn [62]3 years ago

4 0

A ''contract'' is a legally-binding agreement between two or more parties.

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Martinez Co. borrowed $75,600 on March 1 of the current year by signing a 60-day, 9%, interest-bearing note. Assuming a 360-day

guajiro [1.7K]

Answer:

Note payable 75,600 debit

Interest expense 1,134 debit

Cash 76,734 credit

Explanation:

NOTE: it semes you paste possible answer for a differnt questions.However it is possible to determiante a correct answer:

interest will be calculate as follows:

principal x rate x time = interest

we should match rate and time in the same metric, in this case portion of a 360 days years:

75,600 x 0.09 x 60/360 =<em> 1.134‬</em>

As we take the debt, this interst are expense.

To record this, we will write-off the note principal, post the interest expense and credit the total amount of cash disbursements to pay up the debt.

Note payable 75,600 debit

Interest expense 1,134 debit

Cash 76,734 credit

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3 years ago

_______ occurs when conflicted parties seek an agreement through direct negotiation.

Yuki888 [10]

Hi the answer to this question would be bargaining :)

7 0

3 years ago

In 2001, records showed that local stocks of fish were down worldwide. Yet, records of harvests indicated that fish were being t

Savatey [412]

Answer: China was making up figures

Explanation:

This question is based on the documentary film, ''The End of the Line'' which was done on the effects of fishing worldwide. In 2001, records showed that local stocks of fish were down around the world yet worldwide figures were increasing at a record rate.

The United Nations hired someone to investigate this and what he found was that Communist China was inflating the amount of fish they were harvesting so that they could look more efficient.

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3 years ago

Expenses, such as depreciation on buildings are also known as variable expenses. t or f?

SSSSS [86.1K]

The statement “Expenses, such as depreciation on buildings are also known as variable expenses.”, is false, due to the fact that depreciation is a fixed cost since throughout its useful life as an asset, it reoccurs in the same amount per period, and thus, depreciation cannot be considered a variable cost. Nevertheless, as with all things, there is an exception. The depreciation will be sustained in a pattern that is more consistent with a variable expense, only if a business recruits a usage-based depreciation methodology.

To add, the corporate expense that alters with the company’s production output is called the variable cost.

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4 years ago

Resources have two factors that impact their demand curve. these two factors are

murzikaleks [220]

The demand curve shows the amount of a product that consumers are willing and able to buy at each possible price.

Resources have two factors that impact their demand curve. These two factors are the price of the product made by the resource and the productivity of the resource. The productivity of the resource denotes the output (expressed either as units produced or as economic value) per unit of resource input.

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4 years ago