Volatility in the markets invested in because it leads to large fluctuations in capital which can lead to gains but also big losses
Answer:
A. Expensed when incurred.
Explanation:
An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).
Answer:
Hammer would prevail against Kay based on:_______.
A. Unilateral contract.
Explanation:
A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.
in relation to the case in the contract, Hammer had carried out the duties expected of him thus making the contract valid under a unilateral contract.
since in a unilateral contract, the offer can only be accepted when the other party completely performs the requested action.
Hence Hammer would prevail against Kay based on Unilateral contract.
Answer:
$48,000
Explanation:
The computation of the corporation debt is shown below:
Since the asset is increased by 20%
The present asset is $100,000
ANd, the increased assets is
= $100,000 + $100,000 × 0.20
= $100,000 + $20,000
= $120,000
Now the debt is
= $120,000 × 0.4
= $48,000
hence, the last option is correct
