Lynn’s acceptance is effective when she decides to accept. By
the time she decided to accept the offer, there was already meeting of the
minds between Paul and Lynn. Therefore, the acceptance of Lynn is effective
from the time she decided to herself that she would accept the offer regardless
of the time when the acceptance was received by the other party.
Answer:
the correct answer is
A) The company's in-house designers have a knack for identifying and popularizing fashion trends.
good luck
Answer: = $2,731.14
Explanation:
First find the annual payment.
The payment will be constant so is an annuity.
Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity
4,000 = Payment * PVIFA( 3 periods, 5%)
4,000 = Payment * 2.7232
Payment = 4,000 / 2.7232
Payment = $1,468.86
This annual Payment is divided into an interest component and a component going towards principal repayment.
Interest component = 5% * 4,000
= $200
Amount going to principal = 1,468.86 - 200
= $1,268.86
Amount of Principal Outstanding = 4,000 - 1,268.86
= $2,731.14
Answer:
C) debit Salary Expense, $16,440; credit Salaries Payable, $16,440
Explanation:
The adjusting entry is as follows
Salaries expense Dr $16,440
To Salaries payable $16,440
(Being the salary expense is recorded)
The computation is shown below:
= $41,100 × 2 days ÷ 5 days
= $16,440
While recording this we debited the salaries expense and credited the salary payable as it increased the expenses and liabilities account
Provide some business examples. The strategic goal which an IS can attain without involving wresting market share from competitors by following certain measures like: By lowering the price of units to sell while maintaining the quality of the products. By offering new products and services.
