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3 years ago

A contract clause which specifies the amount of damages to be paid in the event of a breach is called:

1 answer:

6 0

A contract clause which specifies the amount of damages to be paid in the event of a breach is called C. a liquidated damages clause.

A contract clause is a specific section that is added into a clause and addresses specific subject matters or topics. These clauses are normally added to make sure each section understands and performs their duties.

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How should Kane work with the salespeople to introduce the change?

Nataly [62]

activities. In this chapter, you will learn about these two important management activities. ... To implement organizational change, managers must work to overcome that resistance ... Second, Kane's salespeople were.

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3 years ago

During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but

Burka [1]

Answer:

Correct answer is D. Credit to Salaries Payable for $8,000

Explanation:

Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.

On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment<em> to recognize the salaries expense applicable for the period</em>. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.

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3 years ago

Question 3

lozanna [386]

Answer:

OD All are signs of a serious gambling problem.

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2 years ago

Kinsi Corporation manufactures three different products. All five of these products must pass through a stamping machine in its

Rom4ik [11]

Answer:

D) generates the highest contribution margin per stamping machine hour

Explanation:

Since the stamping machine is Kinsi's constrained resource, or bottleneck resource, in order to maximize its profit, the company should manufacture the products that maximize the utility of the stamping machine. The product that maximize the utility are the one that have the highest contribution margin. Therefore Kinsi must produce the products that have the highest contribution margin per stamping machine hour.

8 0

3 years ago

Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in

Delicious77 [7]

Answer:

B. $130,000

Explanation:

We know,

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead + Beginning work-in-process - Ending work-in-process

Given,

Direct materials = $60,000

Direct labor = $39,000

Manufacturing overhead = $43,000 (As the manufacturing overhead cost applied to work-in-process, so we will take $43,000 instead of $40,000).

Beginning work-in-process = $10,000

Ending work-in-process = $22,000

Putting the information into the above formula, we can get,

Cost of goods manufactured = $60,000 + $39,000 + $43,000 + $10,000 - $22,000

Cost of goods manufactured = $130,000

5 0

3 years ago