Answer:
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For a contract to be legally binding and enforceable, consideration must be exchanged. A legally enforceable contract can either be written or oral. However, depending on the nature of the transaction, some contracts might need to be written down to be enforceable. Hope this helps
A corporation needs sustainable income in order to cover all of its expenses in the long run.
What is Sustainable income?
Sustainable income represents the after-tax gain or loss on the impact of operations on a discontinued segment of business for a period.
Therefore, in the case of a discontinued operation, there is no sustainable income arising in the future as the segment of business is already discontinued and income, if any, is going to come only for the period of the discontinued operation. Income or expense from discontinued operations is a line of item in the income statement of a company below income from continuing operations and before the net income.
To know more about Sustainable income, click here- brainly.com/question/18687603
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<span>given:
cash on hand at year-end=$201000
negative cash flow = $ 144000
solutions:
Monthly cash expenses =negative cash flow
=144000/12=12000
ratio of cash to monthly cash expenses=cash on hand at year-end /Monthly cash expenses
= 201,000/12000=16.75=16.80(approx)
ratio of cash to monthly cash expenses=16.8 months</span>
