1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin [286]
3 years ago
9

Bradley is sitting on his porch enjoying his very large front yard and drinking a lemonade when Chris, a kid from down the stree

t, shows up and starts mowing Bradley’s yard. Bradley waves and smiles. Chris is mowing the lawn for money, but Bradley doesn’t know it (and shouldn’t know it because their two families often do nice things for each other without pay). Chris may be able to recover money from the courts on the basis of:
a. express contract.b. bilateral contract.c. implied contract.d. quasi contract.
Business
1 answer:
VMariaS [17]3 years ago
4 0

Answer:

c implied contract

Explanation:

You might be interested in
Interest on a Note Payable is most appropriately accrued:_____________
Thepotemich [5.8K]

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

8 0
3 years ago
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

cash flow in year 1 and 2 = 35700

cash flow in year 3 = 35,700 + 7500

i = 5%

NPV =

3 0
3 years ago
According to the goldman sachs video case study on the factory of the future, which one of the following developments was not de
Schach [20]

Daniela Costa, head of the European Capital Goods Equity Research team in Goldman Sachs Research, outlines three key drivers of this development, which could provide more than $500 billion in combined savings for manufacturers and customers.

Goldman Sachs is an American multinational funding financial institution and monetary offerings company. Founded in 1869, Goldman Sachs is situated at 2 hundred West road in decrease big apple, with local headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, and Salt Lake town, and extra places of work in different global monetary facilities. Goldman Sachs is the second biggest investment financial institution in the international through sales and is ranked 57th at the Fortune 500 listing of the largest united states of America companies by overall revenue. It's miles considered a systemically critical financial institution by way of the economic balance Board. The employer has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. Federal government thru a "revolving door" of former employees, and using up charges of commodities through futures hypothesis.

Learn more about Goldman Sachs here

brainly.com/question/28928820

#SPJ4

3 0
1 year ago
Manchester Company sells equipment on June 1, 2021, for $222,400 cash. Manchester incurred $1,280 of removal and selling costs o
Mkey [24]

Answer:

A. June 1, 2021

Dr Depreciation Expense $14,000

Cr Accumulated Depreciation-Equipment $14,000

June 1, 2021

Dr Cash $221,120

Dr Accumulated Depreciation-Equipment $114,800

Dr Loss on Sale of Equipment $64,080

Cr Equipment $400,000

June 1, 2021

Dr Depreciation Expense $14,000

Cr Accumulated Depreciation-Equipment $14,000

June 1, 2021

Dr Accumulated Depreciation-Equipment $114,800

Dr Loss on Sale of Equipment $285,200

Cr Equipment $400,000

Explanation:

a. Preparation of the journal entries needed to record the asset disposal on June 1, 2021

First step is to calculate the Annual depreciation under straight line using this formula

Annual depreciation under straight line = (Cost - Residual Value)/Useful life

Let plug in the formula

Annual depreciation under straight line= ($400,000 - $64,000)/10 yrs

Annual depreciation under straight line = $33,600 per year

Second step is to calculate the Depreciation charged from Jan 2, 18 to Dec 31, 2020

Depreciation charged from Jan 2, 18 to Dec 31, 2020 = $33,600*3 yrs

Depreciation charged from Jan 2, 18 to Dec 31, 2020 = $100,800

Third step is to calculate the Depreciation from Jan 1, 2021 to June 1, 2021

Depreciation from Jan 1, 2021 to June 1, 2021

Depreciation from Jan 1, 2021 to June 1, 2021= $33,600*5/12 = $14,000

Now let Prepare the Journal entries

June 1, 2021

Dr Depreciation Expense $14,000

Cr Accumulated Depreciation-Equipment $14,000

(To update depreciation)

June 1, 2021

Dr Cash ($222,400-$1,280) $221,120

Dr Accumulated Depreciation-Equipment ($100,800+$14,000) $114,800

Dr Loss on Sale of Equipment (400,000-221,120-$114,800) $64,080

Cr Equipment $400,000

(To record the disposal of equipment)

b) Preparation to Record the journal entries if the equipment were abandoned on June 1, 2021.

June 1, 2021

Dr Depreciation Expense $14,000

Cr Accumulated Depreciation-Equipment $14,000

(To update depreciation)

June 1, 2021

Dr Accumulated Depreciation-Equipment (100,800+$14,000) $114,800

Dr Loss on Sale of Equipment ($400,000-$114,800) $285,200

Cr Equipment $400,000

(To record the disposal of equipment)

4 0
3 years ago
before moving forward with its strategic management, organizations should develop vision statements that describe
ivann1987 [24]

Before moving forward with its strategic management, organizations should develop vision statements that describe:

  • <u>The goals and objectives of the organization</u>

<u />

  • A vision statement is the statement of a company or organization that states the aims, plans and objectives of the company.

  • The vision statement is important because it gives the purpose of the company and helps employees have an idea of where the company is heading.

  • Strategic management is the plan in motion to implement the aims and objective of an organization.

  • This strategic management is important because it makes the necessary plans and policies to make sure that the vision statement of the company is met.

Read more here:

brainly.com/question/17498172

3 0
3 years ago
Other questions:
  • Garrett Company provided the following information:
    10·1 answer
  • Real GDP​ ______. A. accurately measures leisure time and life expectancy comma but does not accurately measure the general heal
    5·1 answer
  • Describe at least three other investments you want to make with your income either now or someday in the future. Explain why you
    15·2 answers
  • Basing the Results on Probability
    15·2 answers
  • Which practice will help prevent data loss in case of a computer malfunction?
    5·2 answers
  • What's is an example of decision making in college
    7·1 answer
  • Marketing is the process of combining the conception, pricing, promotion, and distribution of goods or services to create exchan
    15·1 answer
  • Please provide at least 3 similarities and 3 differences between insurance companies and depository institutions both in terms o
    13·1 answer
  • Please write the answer in the same blank format I provided
    5·1 answer
  • Cy Burspace first began working for Epic Electronics in the mid-1970s as a business technology specialist. Today, he is the depa
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!