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3 years ago

Erik has a $5 dollar bill. He uses it to pay for soda and a hamburger. What form of financial exchange is this?

Business

2 answers:

Daniel [21]3 years ago

8 0

The form of financial exchange Erik uses is B. currency.

pshichka [43]3 years ago

6 0

Answer:

B. Currency

Explanation:

First of all, we know that it isn't a credit card or a debit card because Erik has physical money in his hand so we can eliminate A and E. Then because he isn't depositing money we can eliminate C and D, leaving B.

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The owner of an undeveloped lot agrees to sell the lot to a buyer. The written agreement identifies the parties, describes the p

rjkz [21]

Yes, due to the doctrine of part performance.

<h3>How would the seller compel the buyer to complete the purchase?</h3>

A contract between the parties is strongly suggested by the buyer's activities, which include paying a portion of the purchase price to the owner and building a garage on the property (which is a considerable improvement of the lot). In order to require particular fulfillment of a land sales contract, either party may use the theory of part performance.

Learn more about the doctrine of part performance here:

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2 years ago

IF it costs 75,000 to put on an event and total revenue is 135,000 what is the profit as a percentage of revenue

Strike441 [17]

135 000-75 000=60 000
60 000/135 000 = 44.444444444%

7 0

3 years ago

A brokerage sold a property for $250,000. Six percent was paid on the first $100,000, 5% on the next $100,000, and 4% on the bal

weeeeeb [17]

Answer:

is it correct?

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Explanation:

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3 years ago

The following items could appear on a bank reconciliation:

julia-pushkina [17]

Answer:

Explanation:

1) Outstanding checks : a subtraction from the bank balance

2) Deposits in transit : an addition to the bank balance

3) NSF (Not Sufficient funds) checks : a subtraction from the book balance

4) Bank collection of our note receivable : an addition to the book balance

5) Interest earned on bank balance : an addition to the book balance

6) Service charge : a subtraction from the book balance

7) Book error : a subtraction from the book balance

8) Bank error : an addition to the bank balance

5 0

3 years ago

Sheffield Corp. had the following accounts and balances: Accounts payable $28300 Equipment $34800 Accounts receivable 4550 Land

ser-zykov [4K]

Answer:

The balance on the building account is $44,200

Explanation:

The total value of the right hand side must equal the left hand side of a balance sheet. This means the total asset must equal liability plus shareholder equity.

Total Asset $

Equipment 34,800

Accounts receivable 4,550

Land 34,700

Buildings ?

Cash 14,750

88,800

Total Liability and Equity $

Accounts payable 28,300

Unearned service revenue 9,700

Stockholder's equity 95,000

Total Liability and Equity  133,000

Buildings = Total Liability and Equity - Total Asset

= $133,000 - $88,800 = $44,200

The balance on the building account is $44,200

6 0

3 years ago