Mr Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.
<h3>What is a contract?</h3>
It should be noted that a contract simply means an agreement between private parties that's enforceable by law.
In this case, Ralston’s action didn't constitute a contract in this case,since he hasn't taken the goods away and the groceries haven't been tallied.
The features of a contract that should be taken into consideration include acceptance and internation to create legal relations.
The supervisor would not likely succeed should he proceed with legal action.
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Answer:
$81,375
Explanation:
Calculation for What should Tringali report as its income tax expense for its first year of operations
Using this formula
Income tax expense=Taxable income*Tax rate
Let plug in the formula
Income tax expense=$325,500 x 25%
Income tax expense=$81,375
Therefore What should Tringali report as its income tax expense for its first year of operations will be $81,375
Answer:
Explanation:
On December 31
The journal entry is shown below:
Salaries and wages payable A/c Dr $2,160
Salaries and Wages expense A/c Dr $3,150
To Cash A/c $5,310
(Being the payment is recorded)
The computation is shown below:
For Salaries and Wages expense
= Cash account - Salaries and wages payable
=$5,310 - $2,160
= $3,150