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g100num [7]
3 years ago
15

Planners & Builders, Inc., enters into a contract with O’Reilly to refurbish a garage on his property as an auto repair shop

. O’Reilly’s neighbor Nora challenges the project as a violation of the local zoning laws. A court orders a permanent halt to the project. O’Reilly’s contract with Planners & Builders is
a.discharged.
b.not affected.
c.breached.
d.suspended.
Business
1 answer:
bazaltina [42]3 years ago
5 0

Answer:

a. discharged.

Explanation:

Based on the scenario it can be said that after the court order, O’Reilly’s contract with Planners & Builders is officially discharged. In the context of the law, a discharged contract is a contract or agreement that has been terminated or made null. This can happen due to many reasons, such as fulfillment of a contract, inability to fulfill one parties duties, Bankruptcy, etc. In this case it was due to a court order.

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Answer:

a. 14.1%

Explanation:

Year 2

Net Profit Margin = Earnings Before Tax / Sales × 100

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                             = 14.05 or 14.1 %

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Answer:

No

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This is not unethical because it is a common and acceptable practice among many reputable public companies in the United States to adjust their account statements according to their objectives.

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Answer:

The journal entry for the issuance of the common stock is shown below:

Explanation:

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Answer:

1 money

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Explanation:

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