A client agrees to pay a contractor $15,000 down towards a $45,000 job.

Nina [5.8K]

Reduced by an amount that is equal to an individual's income from other sources

6 0

3 years ago

The liabilities of Berber Company are $120,000 and the owner's equity is $230,000. What is the amount of Berber Company's total

svetlana [45]

Answer:

$350,000

Explanation:

The relationship between assets, liabilities, and equity is expressed in the accounting equation. According to the equation, Assets = Equity plus Liabilities.

For Berber company, total assets will be

Assets = $120,000 + $230,000

Assets = $350,000

6 0

3 years ago

What significance does a fire’s point of origin have regarding the investigations of a suspected arson fire?

topjm [15]

Because from where they started they will be able to find out what caused the fire

6 0

3 years ago

Read 2 more answers

Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of

malfutka [58]

Answer:

Yes, because Henry had authority to sell the horse

Explanation:

In the given scenario Henry had apparent authority to sell the horse.

Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.

James rightly assumed Henry had the power to sell the horse.

So the sale of the horse is binding on Eleonore.

4 0

3 years ago

As illustrated here, a binding price ceiling causes a short-run shortage, which then worsens into a long-run shortage. what, in

Alex Ar [27]

Answer:

the black market price stays more or less the same in the long run as in the short run.

Explanation:

The black market price may increase or decrease depending on the price elasticity of the goods or services involved, there is no general economic rule that defines how black market equilibrium price reacts to changes in the supply and demand of legal goods and services.

In this specific case, both the demand elasticity and the supply elasticity are elastic, so they basically cancel out or offset each other. The black market supply will decrease the shortage, but it will not be able to satisfy the new quantity demanded completely. Black market apartments have a greater elasticity (steeper curves).

8 0

3 years ago