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2 years ago

Bo signs a lease with Capri Apartments to lease a studio apartment for the next year for $650 per month.

Business

1 answer:

FinnZ [79.3K]2 years ago

4 0

Answer:

b. an express contract.

Explanation:

Since Daisy signs on Capri's behalf, the contract is between Bo and Capri, not Daisy.

Since there is a lease, an actual signed document, the options of no contract and implied contract are discarded.

An express contract is written in an specific language with its terms stated expressly at the time of contract formation, and is made under a company seal. A simple contract doesn't require a seal.

The lease is signed under Capri Apartments' seal and thus is an express contract.

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Countries with free market economies in which property rights are protected tend to have _____ than command economies or economi

FinnZ [79.3K]

Countries with free market economies in which property rights are protected tend to have greater economic growth rates than command economies or economies where property rights are poorly protected.
The reason is the lack of infrastructure and supporting business in primitive or undeveloped economies, which may lead to situation in which is more costly to do business.

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3 years ago

Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga

True [87]

Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

Cougar Corp.

Bank reconciliation

For the year ended December 31

Particulars Amount

Bank balance Dec 31 $24,575

Add: Deposit in transit $2,500

Less:

Outstanding checks #302 ($180)

Outstanding checks #303 ($95)

Outstanding checks #304 ($25) ($300)

Bank balance adjusted $26,775

Cash balance on 31 Dec $26,504

Add: EFT from customer $1,700

Add: Interest income $21 $1,721

Less: Posting error

($5,400 - $4,500) $900

Less: NSF check $500 $1,400

Book balance adjusted $26,775

Hence, the bank balance and the book balance are matched

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3 years ago

Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2021: Operating income

stepan [7]

Answer:

$63,750 and $80,500, respectively.

Explanation:

Operating income : 255,000 x 0.25 = 63,750

Discontinued: 67,000 x 0.25 = 16,750

The Operation Income will be disclosure the pre-tax incoem tax expense adn after-tax result

While, the discontinued operation will be disclosure after-tax therefore it will not be stated in the income statement their amount of income tax

However, the company will have to pay those taxes the total income tax will be the sum of both.

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3 years ago

AAA is a travel agency. Which describes the typical workplace of AAA?

marin [14]

The correct answer is b

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3 years ago

Read 2 more answers

Your auto insurance policy has a 200 monthly premiumand a 700 deductible. what is the maximum you will have to pay out of pocket

Alexus [3.1K]

$700 at any given time, but that is presuming that you have paid your monthly premiums every month without fail until the accident occurs.

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2 years ago