Answer:
This is a situation arising from objective impossibility.
Explanation:
The contract was made for mint condition of car. The car damaged while it was with Frank. Thus, parties are thus discharged from their obligations under the contract.
Answer: <em>Option (C) is correct.</em>
Explanation:
<em>A recurrent conclusion of injuries occurred while falling is a long-term pain, medication for these are not taken in consideration among intermediate per-person costs of emergency cure for aged or old individuals's laceration from such falls</em>, if true, will have the tendency to seriously undermines conclusion of argument given in the comprehension.
This states that argument given in the comprehension has not taken in consideration cost for medicine which overall will increase cost. Thereby with an increase in cost the given statement will become untrue since the cost of surgery and medicine combined is higher than cost, in such a case treatment would be more economical. Therefore it undermines conclusion of argument.
Answer:
Results are below.
Explanation:
<u>A: To calculate the gross profit, we need to use the following formula:</u>
Gross profit= sales - cost of goods sold
Gross profit= 990,000 - 693,000
Gross profit= $297,000
B: <u>Now, the gross profit percentage:</u>
Gross profit percentage= (gross profit / sales)*100
Gross profit percentage= (297,000 / 990,000)*100
Gross profit percentage= 30%
C: F<u>inally, a net income is reported in the income statement at the moment of the sale</u>. It doesn't matter if the sale was paid or not.
Answer:
Fifo
Explanation:
Because the stock that is bought first should be the one to be purchased first
Answer:
E) $45,375
Explanation:
This is because Authorized shares are the total shares that the company can issue.
There is a difference between issued and outstanding shares of 500 shares, this may be because these shares are currently held by the company itself and thus dividends are payable only on outstanding shares
This gives us 27,500 * 1.65 = $43,375
