Answer:
Condominium Cleaning
The creditor is entitled to recover:
= $1,350.
Explanation:
a) Data and Calculations:
Contract price agreed between condominium cleaner and owner = $1,500
Cost of cleaning the oven that was not done by the cleaner = $150
Creditor's claim from the contract price = Contract price minus cost of cleaning the oven
= $1,350 ($1,500 - $150)
b) This means that the creditor will recover less than the contract price because of the oven that was left uncleaned. Since the cost of hiring a substitute to clean the oven is $150, this amount will be deducted from the contract price, and then, the creditor can recover the balance.
Answer:
Please see the journal entries for the two treasury stock transactions.
Explanation:
• Purchase of treasury stock
Treasury stock Dr $5,600
To Cash account Cr $5,600
(Being the purchase of treasury stock that is recorded)
For recording the above, treasury stock was debited because it increased the treasury while cash credited because it decreased the assets.
• Sale of treasury stock
Cash account Dr $4,070
To Treasury stock Cr $3,700
To paid in capital- treasury stock Cr $370
Explanation
° Purchase of treasury stock
Treasury stock
= 560 shares × $10 per share
= $5,600
° Sales of treasury stock
Cash receipt
= 370 shares × $11 per share
= $4,070
Treasury stock
= 370 shares × $10 per share
= $3,700
Paid in capital treasury stock
= 370 shares × ($11-$10)
= $370
A company's procedures serve as instructions for people to follow when accomplishing an activity on a computer. The order of the steps to be performed to make something happen or how something is done is the definition of process. A method would be to crack eggs into a bowl, beat them, and then scramble them in a skillet. a specific way to carry out an activity.
Workplace policies have a direct relationship with workplace procedures. A process is a set of instructions outlining how to carry out a policy. Employees are given a thorough awareness of the company's norms and ideals through the use of both policies and procedures.
To learn more about procedures, click here.
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Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
The prices of Japanese goods will increase.
<h3>Economic Principles of Demand and Supply </h3>
Following the principles of demand and supply, the higher the price, the higher the quantity supplied (all other factors remaining constant).
Recall that cost of production for Japanese goods has also increased according to the question. When prices increase, suppliers sometimes want to take advantage to create even additional inflation in order to get additional profit. Hence they put out more goods at the instance of increased prices.
See the link below for more about the law of supply:
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