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Mnenie [13.5K]
3 years ago
11

BUSINESS LAW

Business
1 answer:
Maru [420]3 years ago
3 0

Answer:

The contract would be enforceable

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A strategic window results from the right combination of circumstances and timing, allowing a firm to take action to reach a par
omeli [17]

Answer:

The answer is false or incorrect.

Explanation:

Because a strategic window is a temporary period of optimum fit between the key requirements of a market and the particular capabilities of a firm competing in that market.

7 0
3 years ago
(a) Purchased $110 of supplies for cash. –$110 $0 (b) Recorded an adjusting entry to record use of $20 of the above supplies. en
miss Akunina [59]

Question Completion:

Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income.

Answer:

Effects of transactions on cash and net income:

(a) Purchased $110 of supplies for cash.

Cash–$110 Net income $0

(b) Recorded an adjusting entry to record use of $20 of the above supplies.

Cash - $0 Net Income -$20

(c) Made sales of $1,500, all on account.

Cash -$0 Net Income +$1,500

(d) Received $850 from customers in payment of their accounts.

Cash +$850 Net Income $0

(e) Purchased equipment for cash, $2,550.

Cash -$2,550 Net Income $0

(f) Recorded depreciation of building for period used, $740.

Cash $0 Net Income -$740

Explanation:

As stated earlier, business transactions that affect earnings do not necessarily affect cash.  This fact is demonstrated in the above examples.  Unless the transaction is for cash and affects a revenue or expense account, it will not affect cash and earnings at the same time.  An example of a transaction that affects both is the sale of goods for cash.  This will increase the cash balance as well as boasting the earnings.  Another example is the cash payment for rent expense.  This will reduce the cash balance as well as reduce the earnings.

6 0
3 years ago
Bridgeport Company buys and sells securities expecting to make money on short-term price movements. Bridgeport purchased 150,000
LenKa [72]

Answer:

d. Dr. Investment in Intel $450,000 Cr. Net unrealized holding gains/losses - (P&L) $450,000

Explanation:

                           Adjusting journal entry

Date      Account titles and Explanation             Debit           Credit

Dec 31   Investment in Intel                                $450,000

              [($23-$20)*150000 shares]

                      Net unrealized holding gains/losses (P&L)      $450,000

8 0
3 years ago
Applicants for positions at a product distribution site are required to demonstrate the ability to drive a forklift and operate
FromTheMoon [43]

Answer:

The correct answer is b. recruitment and selection .

Explanation:

In the recruitment process, all the information of the employee, his experience, studies, skills, hobbies, family circle, expectations, aspirations, etc. is collected. From this moment on, a series of tests are carried out to determine that what has been previously stated is true, as well as simulating situations to know their behavior in the face of challenges of a different nature. In the particular case, technical skills in forklift driving and machine skills are required, which requires verification and practice processes to determine the suitability of the candidate to successfully execute this position.

3 0
3 years ago
For each of the following situations, identify the type of form to be filed with the SEC for disclosure purposes (2 points): (A)
oee [108]

Answer:

1. Form 8-K : A unique or significant happening.

2. Form 10-K: Annual information required by Regulation S-X.

3. Form 8-K: Changes in control of the registrant.

4. Form 10-Q: Interim financial statements.

5. Not required: Fourth quarter income statement.

6. Form 8-K: Bankruptcy.

7. Form 10-K: Annual information required by Regulation S-K.

8. Form 10-Q: Income statement for the current quarter, year-to-date, and comparative periods in the previous year.

9. Not required: Changes in bookkeeping staff.

10. Form 8-K: Changes in the registrant's independent auditor.

Explanation:

The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.

Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;

1. Form 10-K.

2. Form 10-Q.

3. Form 8-K.

5 0
3 years ago
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