Answer:
B) risen 25 percent.
Explanation:
The inflation rate is the rate at which overall prices are increasing in the economy in a period. It is expressed as a CPI value.
Given CPI for different periods, inflation can be calculated using the formula below.
Inflation =<u> new CPI - old CPI</u> x 100
old CPI
In the case
The inflation rate will be <u>150- 120</u> x 100
120
=30/120 x 100
=25%
Answer:
B) liable to Niki under the doctrine of promissory estoppel.
Explanation:
In contract law, promissory estoppel refers to a theory that when you make a reasonable promise but later you decide to back down, the other party may sue you in order to force you to fulfill your promise.
This theory has been upheld by the Supreme Court in Cohen v. Cowles Media Co. 501 US 663 (1991). So a reasonable promise will have the same binding effect as a contract.
Answer:
Corrected Trial Balance
Particulars Debit Credit
Cash $10,900
Account receivable $14900 (6700+8200)
Office supplies $2400 (1000+1400)
Prepaid insurance $4100 (300+3800)
Equipment $83000
Account payable $4800 (3400+1400)
Notes payable $45000
Trumball common stock $57000
Trumball dividend $3200 (5000+200-2000)
Service revenue $16450 (12350+4100)
Salaries expense $3700 (4400-700)
Rent expense $750
Advertising expense <u>$300 </u> <u> </u>
Total <u>$123,250</u> <u>$123,250</u>
Answer: b. to adjust for interest earned or fees charged.
