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marta [7]
3 years ago
15

Steven has a typed copy of a contract, which he would like to have Thomas sign. Thomas, who needs glasses to read typing, doesn'

t want to sign until he has read the document, but Steven convinces Thomas to sign it anyway, because it is a "standard" contract for this type of situation. Is the contract which Thomas signed binding upon him?
Business
1 answer:
zzz [600]3 years ago
7 0

Answer:

Yes, because he was negligent in not ascertaining its contents

Explanation:

Based on the information provided regarding the scenario at hand it can be said that Yes, this contract is binding upon Thomas because he was negligent in not ascertaining its contents. Each individual is responsible for completely reading and fully understanding the contents of the contract before they sign. Once an individual signs the contract it means that they fully agree with all that is specified in the contract and are held liable. Thomas should have waited until he had his glasses and read the contract before signing, regardless of what Steven had to say.

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On December​ 1, 2019,​ Carrie's Day Care receives $ 2 comma 700 in advance for an agreement to care for​ Susan's children for th
blagie [28]

Answer:

Unearned Revenue $900 (debit)

Revenue $900 (credit)

Explanation:

On 1 December Carrie's Day Care recorded Unearned Revenue of $2,700 the entry is as follows ;

Cash $2,700 (debit)

Unearned Revenue $2,700 (credit)

By end of the first month (31 December) one month`s revenue will have been earned and the unearned revenue balance decreases. The entries are as follows :

Unearned Revenue $900 (debit)

Revenue $900 (credit)

<em>Calculation : December Revenue = 1/3 × $2,700 = $900</em>

4 0
3 years ago
Missing amount from an account
statuscvo [17]

Answer:

supplies expense for August  = $2811

Explanation:

given data

August 1 supplies on hand = $1,025

August purchased = $3,110

August 31 supplies on hand = $1,324

solution

we get here supplies expense for August that is express as

supplies expense for August  = August 1 supplies on hand  + August purchased - August 31 supplies on hand  .............1

put here value

supplies expense for August  = $1,025 + $3,110 - $1,324

supplies expense for August  = $2811

7 0
3 years ago
property has Gross Scheduled Income of $100,000. The vacancy rate and credit rate allowance is 3% whereas Operating expenses are
Ugo [173]

Answer:

The answer is "10.5\%"

Explanation:

Following are the Cap rate:

 = \frac{(Income \times (1 - vacancy\  rate) - operating \ expense)}{\text{purchase price of property}}

= \frac{(\$ 100,000 \times 0.97 - \$ 34,000)}{\$ 600,000}\\\\= \frac{\$ 63,000}{ \$ 600,000}\\\\= 10.5\%

8 0
3 years ago
Which pathways are part of the Human Services career cluster? Select all that apply.
beks73 [17]

Answer:

consumer services

counseling and mental health services

early childhood development and services

family and community services

personal care services.

Explanation:

The Human Services Career Cluster are simply skills that prepares one to take on jobs that cater for human and family needs. This job could either be as a social worker, pedicurist, etc, as human needs will be addressed.

The pathways which are part of the Human Services career cluster include consumer services

counseling and mental health services

early childhood development and services

family and community services

personal care services.

3 0
3 years ago
Read 2 more answers
Sackett Corporation had a beginning inventory of 10,000 units, which were purchased in the prior year as follows: Units Unit Pri
Strike441 [17]

Answer:

Sackett’s ending inventory is $16000

Explanation:

given data

                      Units              Unit Price

September    4,000            $2.00

October         4,000            $2.10

December     2,000            $2.30

to find out

FIFO method what is Sackett’s ending inventory

solution

we know here that unit sold = 16000 units

available for sale = 22000

so ending inventory = 22000 - 16000

ending inventory = $6000

so

unit included 6000 is latest purchase are

so November purchase 5000 @ 2.7 is = $13500

and June purchase 1000 @ 2.5 is = $2500

so total will be = $13500 + $2500

total = $16000

7 0
4 years ago
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