refuse to exert due diligence to cause the contingency to be satisfied within the time specified in the contract.
<h3>What is
contract?</h3>
A contract is a legally binding agreement that establishes, defines, and governs the mutual rights and obligations of its parties. A contract usually involves the exchange of goods, services, or money, or the promise to exchange any of these at a later date.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
A contract for difference (CFD) is a contract between a buyer and a seller in which the buyer agrees to pay the seller the difference between the current value of an asset and its value at the time of the contract.
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Answer:
Option (d) is correct.
Explanation:
Given that,
Cash = $300,000
Short-term investments = 400,000
Accounts receivable = 900,000
Total operating expenses = 640,000
Depreciation expense = 140,000
The numerator part in the formula of days' cash on hand is cash and cash equivalents available.
Cash and cash equivalents available:
= Cash + Short term investments
= $300,000 + $400,000
= $700,000
Answer:
Physical surroundings.
Explanation:
Ruth wants to buy special gift for her best friend's baby shower party. She has invited her sister to help her out with the selection in the shopping. Situational influence is described but there is no hint of physical surrounding. Author has not mentioned anything about the physical surrounding in the passage.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) He should consult lawyers about the possibility of suing for copyright infringement.
b) If the industry barriers to entry are low, he doesn't need to do anything.
c) He needs to find out if his company as well as other companies can provide the complements.
d) If the industry barriers to entry are high, he doesn't need to do anything.
And the correct answer is the option C
Explanation:
To begin with, the fact that Steve is the manager in charge of the product design and development at a toy company indicates that he has to be very open minded when new complementors arrive to the market so that he and his team could use their imagination to have an storm idea and try to implement them as good as they can so a perfect new toy will be produced in his company. Therefore that at first sight he should look up the fact that if they could use and provide those complements so that a plan to do that will start taking form in the team, otherwise if they could not provide those complementors then the joy for those arrivals will be for nothing.
Answer:
Ending RE at year-end: 494,000
Explanation:
As this is the first-year of operation there is no beginning Retained Earnings.
Sales Revenue of 4,340,000
Cost of Goods Sold (1,936,000)
Wage Expense (876,000)
Insurance Expense (324,000)
Administrative Expense (414,000)
Utilities Expense (192,000)
Selling Expense <u> (42,000) </u>
Net Income 556,000
Dividends paid: (62,000)
Ending RE 494,000
