Answer:
The correct answer is : C. Neither breached the contract because there is no contract until Friday.
Explanation:
As the contract will only become valid when both the parties Mohan and ACME sign up and this will only happen on Friday. But as Mohan is informed by the Acme on Tuesday that they can not hire him before signing up the contract that is scheduled on Friday. Since there is no valid agreement between parties, no breach of contract occurred.
Thus, the correct answer is option C. Neither breached the contract because there is no contract until Friday.
Answer:
A. $35,000
Explanation:
The first $150,000 were invested in research and development of the product itself, not the patent. Thus, this amount should be debited to research and development expenses.
The only expenses directly related to the patent itself are the $20,000 spent on legal fees on January 2, 2017, and the $15,000 for legal fees in a successful defense of the patent on July 31, 2017.
Therefore, the total amount that should be debited to Patents (P) is:
P = $20,000 + $15,000 = $35,000
Answer:
C. Sole Proprietorship
Explanation:
Sole Proprietorship is a business owned and less capital required business that can be operated, it is can be operated even by an individual with a simple setup such as a table and a chair in a garage.
With Limited Liability Company (LLC), there are a lot of legal requirements to be reached before setting it up, such as putting in place board of directors, internal auditors and external auditors, mentioning few.
With Partnership it requires two or more individuals in order to operate in addition to a partnership deed.
With Corporation it is similar to the LLC
Thus Sole proprietorship is the simplest and easiest to set up.
I think its 32 because if you add and divide
$14,000 rent
$21,000 supplies
$9,000 on plant time
The answer would be D. $44,000
because $14,000 + $21,000 + $9,000 = $44,000
The question is "What is Jacinda's opportunity cost of running the business?"
And that doesn't inculed her personally stuff.
I hope this helps, tell me if its wrong and I fix it. Have a good day!!
