Answer:
b. the price was below the prices of comparable services.
Explanation:
In a market there are number of people providing the same services. Accordingly a fair rate for any service can be easily determined.
In the given instance, Big Dig made a fault by charging low fee as, that service demands particularly high fee.
Although Commercial Development Corporation can easily counter confirm the price of service in the market, and that it knows that the contract is certainly mistaken by Big Dig, it can and should ethically agree with the revised price, that is the correct price as per the prevailing market prices.
Answer:
The interest on investment of $9000 and $1000 is 5.41 % and 4.81% respectively.
Explanation:
Let i be the interest rate on $ 9000 investment, then
9000i + 1000(i -0.006) = $ 535
10,000i = 541
i = 5.41 % on investment of $ 9000.
than on $1000 investment interest = 5.41-0.6 = 4.81 %
Answer:
Option B November 13th
Explanation:
The credit period begins from the day the invoice was received which is November 13th. Though we legally don't owe seller as he has not fulfilled his share or delivered consideration but if he is offering a contract that if you pay me within 30 (say) days we will give you 2% discount which means the consideration is early payment and in this contract the date starts from date of invoice received. So we will have to pay our supplier within 30 days starting from November 13, if we desire a 2% profit.
Answer:
um.. maybe your clothes i don't know how old is your sis?
Answer:
a. Marketable securities
Explanation:
A(correct one). Capital assets are able to cover all marketable securities unless the taxpayer becomes a dealer.
B -incorrect. The inventory is not such as capital although it is asset. It is fixed asset type
C-incorrect. The assets which are depreciable must be excluded from capital assets group. Because they will be fixed ones again.
D-incorrect. Accounts receivable of a business are excluded from the definition of capital assets. because they are the other section of accounting elements and not considered as asset at all.