Answer:
Voidable Contract
Explanation:
Voidable Contract
This is a type of contract or legal agreement in which any of the parties involved or the both parties may chose to render it unenforceable for a given number of reasons. This type us different from a void contract in that, it is a valid contract which may either be affirmed or rejected by both or either parties.
Some reasons that may lead to the withdrawal of the contract are misinterpretation, coercion and fraud etc.
It is a valid contract that can be declared invalid. It is different from VOID as earlier pointed out as a void contract cannot be enforced by either party. Examples of voidable contract are found in real estate contract, lawyer contract and so on.
Answer:
The correct answer is letter "B": strategy.
Explanation:
The strategy section of a business plan highlights all the techniques the firm could carry out to produce, publish, and sell its goods or services. Besides, in this section, the main problems a company might face during operations are exposed and the methods specialists will implement to attempt to figure out those situations.
Answer:
$66,667
Explanation:
Contribution margin = Sales Revenue - Variable cost = 240000-60000 = 180000
Percentage of contribution margin = Contribution margin / sales revenue = 180000 / 240000 = 75%
Breakevent point in total sales = Fixed costs / Percentage of contribution margin
= 50000/0.75 = $66,667
Answer:
attached below is the missing part of the question
$17000
Explanation:
1) calculate the cash dividends
= beginning earnings + net income for the period - ending retained earnings
= $44000 + $57000 - $68000 = $33000
2 ) calculate the amount of cash receipt from the sale of plant assets
first we will calculate the dep on sale of plant products
= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation
= 22500 + 12000 - 24500 = $10000
next we calculate the cost of sale of plant assets
= beginning plant asset + acquisition new plant assets - ending plant asset
= $123500 + $29000 - $131500 = $21000
Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets
= 21000 - 10000 + 6000 = $17000
