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Alex777 [14]
3 years ago
9

Helen, age 17. wanted to buy a Harley-Davidson "Sportster" motorcycle. She did not have the funds to pay cash butpersuaded the d

ealer to sell the cycle to her on credit. The dealer did so partly because Helen said that she was 22 andshowed the dealer an identification card that falsely stated her age as 22 Helen drove the motorcycle away. A few dayslater. she damaged it and then returned it to the dealer and stated that she disaffirmed the contract because she was aminor. The dealer said that she could not because (1) she had misrepresented her age and (2) the motorcycle wasdamaged. Can she avoid the contract?
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

are you named helen ? are you e mo?

Explanation:

i am lokk for gf RIGHT NOW

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On November 1, 2018, Quantum Technology, a geothermal energy supplier, borrowed $22 million cash to fund a geological survey. Th
IgorLugansk [536]

Answer:

<u>when signing the note:</u>

cash    22,000,000

    note payable       22,000,000

<u>accrued interest at december 31th, 2018</u>

interest expense 330,000 debit

     interest payable           330,000 credit

payment of the note:

<u>payment of the note</u>

note payable   22,000,000

interest payable    330,000

interest expense  1,185,000

                  cash                     23,485,000

Explanation:

adjusting entry:

principal x rate x time

22,000,000

rate 9% / 12 = 0.0075

months 2

We must express rate and time in the same metric, in this case, months

22,000,000 x 0.75 x 2 = 330,000 accrued interest

payment of the note:

22,000,000 x 0.75 x 9 = 1,485,000

already accrued                 330,000

interest expense               1,185,000

3 0
3 years ago
What kind of puppy is in the claritin commercial?
Murljashka [212]
It was a beagle. The claritin medicine for common allergies, itching, runny nose, watery eyes and some other on its 2018 commercial. Find the attach image.

4 0
3 years ago
Read 2 more answers
Airlines can price discriminate for seats on a plane by determining people's – to pay for different types of seats. although not
KATRIN_1 [288]
<span>Airlines can price discriminate for seats on a plane by determining people's willingness to pay for different types of seats. Although not all customers will pay to check a bag, the airline makes more money because it can divide customers into different groups. Those who do not want to pay to check a bag have low demand and will pack everything in a carry-on. Customers who have high demand for checked luggage will pay to check their bags. Price discrimination refers to a company charging different prices to different people. One's willingness to pay the price they want to charge allows this type of behavior to continue to happen. Based on your seat selection the airline will change the price of the ticket, the most popular seats are often more than the others. </span>
7 0
3 years ago
3. Rank the following assets from most liquid to least liquid:
andrey2020 [161]

Answer:

.Currency

Checking account deposits

Savings deposits

Common Stock

Automobiles

Houses

Explanation:

Liquidity measures how fast an asset can be used as a medium of exchange.

Currency is the most liquid because it can be readily used as a medium of exchange.

Checking account deposit can easily be withdrawn and the cash can be used as a medium of exchange.

Savings deposits takes one or two days before cash is available.

Common stock is converted to cash in a longer period.

It is easier to sell an automobile than a house. Therefore, a car is more liquid than a house

I hope my answer helps you

5 0
3 years ago
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
barxatty [35]

Answer:

A. $816,000

B. Dr Inventory $60,000

Cr Retained earning $36,000

Cr Tax payable $24,000

Explanation:

A. Calculation to determine the balance in retained earnings at the time of the change

Using this formula

Retained earnings = Beginning retained earning balance + Adjusted net income

Let plug in the formula

Retained earnings=$780,000+ $60,000 × (1 - 40%)

Retained earnings=$780,000+($60,000×60%)

Retained earnings=$780,00+ $36,000

Retained earnings= $816,000

Therefore the balance in retained earnings at the time of the change is $816,000

2. Preparation of the journal entry at the beginning of 2009 to record the change in principle.

Dr Inventory $60,000

Cr Retained earning $36,000

[$60,000 × (1 - 40%)]

Cr Tax payable $24,000

($60,000-$36,000)

(Being to record the change in principle)

3 0
3 years ago
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