Dow jones the business, is that what you or asking sorry just want to make sure so i answer the question correctly
Answer:
Assets that are greater than its liabilities.
Reliable and of good character or the latter of that unreliable and criminalistic.
Answer and Explanation:
According to the scenario, the explanation of the given situation are as follow:-
1. Ability of Contract : According to the law except of some contract a minor can enter into any contract. Mr. kalen is a seventeen year old minor and he can entered the rent contract because it is not banned by the government for the minor.
2. This is a voidable contract because Mr. Kalen is a minor and he not legally capable to entering in agreement. In voidable contract one party has a right to discontinue the contract it is depends on him that he want to void it or not. If he wants to void it he cannot be bound to go further with this contract. If a minor wants he can rightfully dis-affirm any contract in which he enters.
According to the analysis, under this circumstance, Mr. kalen is not bound to the contract because he is still minor and he shows his disaffirmance of contract by returning the key to landlord. So he is not liable for the balance of the payments due under the lease.
Answer:
Selling price= $10,632
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (307,200/48,000) + 2.8
Predetermined manufacturing overhead rate= $9.2 per direct labor hour
Job X941:
Total direct labor-hours 300
Direct materials $ 600
Direct labor cost $ 5,500
<u>Now, we can determine the total cost of Job X941:</u>
Total cost= 600 + 5,500 + 300*9.2
Total cost= $8,860
<u>Finally, the selling price:</u>
Selling price= 8,860*1.2
Selling price= $10,632
