Answer:
True
Explanation:
Since there is an agreement between AI and Betty and Betty did not honour the agreement which is even wrong, AI is entitled to recover $1,050 from Betty.
The $1,050 is derived by: the difference between the agreed price and the resale price, plus the incidental damages incurred during resale minus the amount saved in expenses.
That gives us: ($3,000 - $2,000) + $200 - $150
= $1,000 + $200 - $150
= $1,050.
Cheers.
Answer:
$7,500
Explanation:
Lee, Inc. acquired 30% of Polk Corp.'s voting stock on January 1, Year 1 for $100,000.
During Year 1, Polk earned $40,000 and paid dividends of $25,000.
Therefore Lee's dividend income = 0.3 x 25,000 = $7,500
Before income taxes, the amount that Lee should include in its Year 1 Income Statement as a result of the investment will be the dividend earned in year 1 which is $7,500
Explanation:
for me I feel that if you put something on the line maybe like money or a huge deal. Then you put them together to work on it
Answer:
revenue
Explanation:
Accounts receivable turnover is an example of activity ratios. It measures the efficiency by which accounts receivable are collected.
